Motiva S.A. - Results for the 2st quarter of 2026
PR Newswire
SÃO PAULO, July 29, 2026
SÃO PAULO, July 29, 2026 /PRNewswire/ -- Highlights
On April 2, 2026, the Share Purchase Agreement for Minas_SP (Fernão Dias) was signed, and operations began accordingly.On May 8, 2026, the 26th Amendment to the Renovias concession agreement was signed, recognizing a balance of R$75 million (base date jul/25), in favor of the Company.On May 11, 2026, the Modernization Amendment for Minas_SP was signed, extending the concession term by 15 years, in addition to applying the tariff step-up and the discount offered in the auction.On June 30, 2026, an Amendment to the Renovias concession agreement was signed, resulting in the extension of the concession term until October 31, 2026.Adjusted EBITDA increased by 30.1% in the period, with emphasis on the R$ 370 million contribution from Minas_SP, Paraná, Pantanal and Sorocabana in 2Q26.Excluding the Airports Platform, Cash OPEX/LTM Adjusted Net Revenue reached 34.1% in 2Q26, down 3.7 p.p. compared to 2Q25.Consolidated Operational and Financial HighlightsOPERATIONAL AND FINANCIAL HIGHLIGHTS (R$ MM)2Q252Q26Var.%1H251H26Var.%Adjusted Net Revenue¹3,0063,63120.8 %6,1526,95813.1 %Adjusted EBITDA¹1,8222,37030.1 %3,8724,60719.0 %Adjusted EBITDA – Toll Roads1,5401,99529.5 %3,2343,93021.5 %Adjusted EBITDA – Rails58269619.6 %1,1581,28410.9 %Adjusted EBITDA – Others(300)(321)7.0 %(520)(607)16.7 %Adjusted EBITDA Margin²60.6 %65.3 %4.7 p.p.62.9 %66.2 %3.3 p.p.Adjusted Net Income¹39766367.0 %9371.29037.7 %ROE3 LTM13.9 %21.6 %7.7 p.p.13.9 %21.6 %7.7 p.p.ROIC3 LTM9.5 %9.0 %-0.5 p.p.9.5 %9.0 %-0.5 p.p.Net Debt/LTM Adjusted EBITDA3,6x3,7x0.1x3,6x3,7x0.1xToll Roads - Equivalents Vehicle (million)252.8363.043.6 %556.9676.821.5 %Rails - Transported Passengers (million)188.9192.31.8 %369.7377.32.0 %Capex41,6171,83113.2 %2,8323,30416.7 %1.Excludes construction revenue and costs. Adjustments are described in the "non-recurring effects" section in Exhibit I I (page 25).2. The Adjusted EBITDA Margin was calculated by dividing Adjusted EBITDA by Adjusted Net Revenue.3. ROE = Net Income/Equity | ROIC = NOPAT (EBIT*1-effective rate) /Invested Capital (Equity + Gross Debt).4. Includes improvement works that do not generate future economic benefits for ViaOeste.\ VideoconferenceConference call in Portuguese with simultaneous translation into English:July 30th, 202610:00 a.m. São Paulo / 9:00 a.m. New YorkVideoconference link:https://motiva-br.zoom.us/webinar/register/WN_j5HTwJ6uR7WgY_x99AWNtQ#/\ IR ContactsFlávia Godoy: (+55 11) 3048-5900 - flavia.godoy@motiva.com.brDouglas Ribeiro: (+55 11) 3048-5900 - douglas.ribeiro@motiva.com.brCauê Cunha: (+55 11) 3048-5900 - caue.cunha@motiva.com.brCaique Moraes: (+55 11) 3048-5900 - caique.moraes@motiva.com.brAna Beatriz Bovo:(+55 11) 3048-5900 - ana.bovo@motiva.com.br
