CAML3: quote, dividends and indicators for Camil Alimentos

Camil Alimentos is a Brazilian-based multinational with more than six decades of operations in the food sector, having started its activities in 1963 as a cooperative of rice producers in Rio Grande do Sul. The company was one of the pioneers in distributing rice packed in 5 kg bags, which changed the logic of retail commercialization of the product in Brazil. Still in the 1960s, it began its logistics expansion with the opening of a storage and distribution center in São Paulo, a move that preceded the transfer of its headquarters to that state in the 1990s. Over the years, the company has combined organic growth with acquisitions, entering new categories and geographies, and in 2017 it went public, with its shares traded on B3 under the ticker CAML3, in the Novo Mercado corporate governance segment.

Camil Alimentos’ operations are structured as a diversified food platform, with a portfolio that includes both high-turnover products and higher value-added items. Among the highest-volume products are rice, beans, and packaged sugar, while in the higher-value group the standouts are canned fish, pasta, coffee, and cookies, as well as rice crackers and ready-to-eat product lines based on grains. The company operates in different stages of the value chain, from drying, storage, processing, and industrialization of grains to packaging, distribution, import, and export. It also generates renewable energy in thermoelectric plants that use rice husk as biomass, in addition to selling rice oil and olive oils on a smaller scale. This setup enables presence in different retail channels with regional and national brands, combining staple basket items with processed and convenience products.

In Brazil, Camil organizes its operations in the Food Brazil segment, focusing on two major fronts: high-turnover products and higher value-added categories. In grains, it operates 10 processing plants distributed across the country, with concentration in Rio Grande do Sul, and works with an extensive portfolio of brands such as Camil, Namorado, Pop, Carreteiro, Pai João, Bom Maranhense, and other regional brands. In addition to rice and beans in different types and cuts, it offers specialty grains such as peas, chickpeas, lentils, and soybeans, as well as ready-to-eat products in Tetra-Recart packaging, such as cooked beans in various varieties. In sweeteners, the company packs refined sugar and other versions at its Barra Bonita (SP) plant, operating mainly under the União brand, as well as Da Barra, Duçula, and Neve, and also serving niches such as organic sugar, demerara sugar, and sucralose-based sweeteners. In fish, the Navegantes (SC) unit produces canned sardines, tuna, and derivatives under the Coqueiro and Pescador brands.

Expansion into higher value-added categories in the Brazilian market has advanced especially since the 2010s. In pasta, the acquisition of Pastifício Santa Amália in 2021 led the company to regional leadership in Minas Gerais through the Santa Amália, Speciale, and Don Sapore brands, with production concentrated in Machado (MG). In 2024, the Camil brand also began to be used in pasta in São Paulo, reinforcing the brand extension strategy in the wheat chain. In the coffee segment, Camil started operations in 2022 with the União, Seleto, and Café Bom Dia brands from a plant in Varginha (MG), entering the roasted and ground coffee market and later launching gourmet lines and coffee capsules under the União brand. In cookies, the acquisition of Mabel and the license to produce Toddy-branded cookies, in 2022, expanded its presence in plain cookies, ring-shaped cookies, and cookies, with plants in Goiás and Sergipe and commercial synergies in the Midwest, Northeast, and Southeast regions.

The International Food segment consolidates Camil Alimentos’ presence in key South American markets, also with a primary focus on rice and grains. In Uruguay, through Saman, the company operates eight industrial units and three distribution centers, combining rice with a portfolio of healthy products from Silcom, which includes rice crackers, dried fruits, breakfast cereals, seeds, grains, sauces, and olive oils. In Chile, operations are carried out by Empresas Tucapel S.A., with two industrial plants and a portfolio that includes rice, dried legumes, semi-ready risottos, rice flour, ready-to-eat rice-based dishes, olive oils, and plant-based beverages derived from rice flour. In Peru, Costeño Alimentos S.A.C. works with white, aged, and specialty rice, as well as vegetable oil, sugar, and various cereals, across four industrial units spread throughout the country. In Ecuador, Dajahu S.A. operates with the Rico Arroz brand and other rice brands in different segments, with an industrial plant in Durán and grain reception and storage structures in Daule. In Paraguay, entry took place through the acquisition of Villa Oliva Rice, associated with irrigated farmland lease contracts, focusing on the production, industrialization, and commercialization of rice, reinforcing raw material sourcing and regional competitiveness.

Camil Alimentos’ customer base is diversified and fragmented among large retail chains, cash-and-carry wholesalers, regional distributors, and other channels, with no relevant concentration in a single buyer responsible for a significant portion of revenue. Operations are divided into two main reporting lines, Food Brazil and International Food, both dedicated exclusively to the food sector, with revenue and net income from these activities distributed among the different countries where the company operates. The industrial infrastructure consists of dozens of grain processing plants, fish, pasta, coffee, and cookie units, as well as distribution centers in South America, employing thousands of workers. The company does not have its own agricultural production, acting as a purchaser of grains from rural producers, to whom it offers drying, grading, and storage services at its units.

From a regulatory standpoint, Camil Alimentos’ activities are subject to a set of health and environmental rules typical of the food industry. On the health side, its operations are subject to federal, state, and municipal sanitary surveillance, under ANVISA and the National Sanitary Surveillance System regulations, with sanitary permits required for each industrial or commercial establishment. Different product categories, such as cereal-based foods, flours, pasta, sugars, and cookies, follow specific regulations that address identity, quality, labeling, and good manufacturing practice requirements, in addition to rules applicable to processed animal-origin products such as fish. On the environmental front, the company is classified as an activity that is potentially polluting and uses environmental resources, requiring registration with IBAMA, compliance with ancillary obligations such as the Annual Report of Potentially Polluting Activities, and the obtainment of licenses from state and municipal environmental agencies, with conditions for impact control. The internal environmental policy guides principles and guidelines to be incorporated into operations. In this regulatory and operational context, Camil Alimentos, through its common shares CAML3, positions itself as an integrated food platform with a relevant presence in Brazil and other South American countries.