Dasa (DASA3) posted a net loss of R$176 million in the first quarter

Dasa (DASA3) recorded a net loss of R$176 million in the first quarter of 2024, according to the balance sheet filed on Wednesday night (15). The company incurred a loss of R$8 million compared to the data for the first quarter of 2023.

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to R$639 million, an increase of 4% compared to the first quarter of 2023. EBITDA margin decreased by 0.3 percentage points to 17.1%.

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Net revenues amounted to R$3.7 billion, an increase of 5% compared to the same period in 2023.

The company's financial result was net expenses of R$485 million in the first quarter of 2024, 9% lower than that observed in the same period of 2023, due to a lower average cost of debt and lower interest rates.

Net debt subsequently reached R$9.6 billion Responsibility management In search of a longer consumption profile and lower cost.

The cash position of R$2.1 billion is greater than the debt due in 2024, of R$1.5 billion, according to the company.

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Adjusted general and administrative expenses totaled R$521 million in the first quarter of 2024, an increase of 4% compared to the first quarter of 2024. Q1Q23.

This is “mainly due to the effects of inflation between the comparative periods, which were mitigated by the company's actions to review its administrative processes and organizational structure, prioritize activities and renegotiate service delivery contracts,” according to Dasa.