SÃO PAULO, Oct. 30, 2025 /PRNewswire/ --

Highlights

On July 04, 2025, the Amendment at SPVias was signed, resulting in the extension of the concession term by 73 days;
On August 01, 2025, the Company signed an amendment to modernize the Motiva Pantanal contract;
On September 26, 2025, the Amendment at ViaQuatro was signed, resulting in the extension of the concession term by 20 years;
Cash OPEX/Adjusted Net Revenue LTM was 38.3% in 3Q25.


     
       Consolidated Operational and Financial Highlights




          
            
              OPERATING AND FINANCIAL HIGHLIGHTS     3Q24   3Q25  Var. %   9M24     9M25      Var. %
                                              (R$ M)


         
            
              Consolidated Adjusted Net Revenue(1)   3,782   3,957    4.6 %  10,748    11,249        4.7 %


           
            
              Consolidated Adjusted EBITDA(1)      2,190   2,547   16.3 %   6,265     6,997       11.7 %


             
            
              Adjusted EBITDA - Toll Roads       1,621   1,979   22.1 %   4,653     5,222       12.2 %


              
            
              Adjusted EBITDA - Railways          571     588    3.0 %   1,561     1,751       12.2 %


              
            
              Adjusted EBITDA - Airports          274     314   14.6 %     793       912       15.0 %


               
            
              Adjusted EBITDA - Others         (276)  (334)  21.0 %   (742)    (888)      19.7 %


        
            
              Consolidated Adjusted EBITDA Margin(2) 57.9 % 64.4 %    6.5    58.3 %   62.2 %        3.9
                                                                                    p.p.                         p.p.


                
            
              Adjusted Net Income(1)            560     683   22.0 %   1,420     1,620       14.1 %


                        
            
              ROE(3)                 11.4 % 18.0 %    6.6    11.4 %   18.0 %        6.6
                                                                                    p.p.                         p.p.


                       
            
              ROIC(3)                  6.6 % 11.0 %    4.3     6.6 %   11.0 %        4.3
                                                                                    p.p.                         p.p.


           
            
              Net Debt/LTM Adjusted EBITDA (x)       3.1     3.6      0.5      3.1       3.6          0.5


           
            Toll Roads - Vehicle Equivalents (million)      314.0   283.6   -9.7 %   909.6     840.5       -7.6 %


           
            Railways - Passengers Transported (million)     193.6   194.7    0.5 %   560.6     564.9        0.8 %


            
            Airports - Boarded Passengers (million) 4       10.4    11.0    5.8 %    29.4      31.6        7.6 %


                  
            
              CAPEX
              5             2,101   2,334   11.1 %   4,982     5,471        9.8 %

1. Excludes construction revenue and costs. Adjustments are described in the "non-recurring effects" section in Exhibit I (page 26).
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. As of 1Q25, all operational data for the airport business contained in this Release will be presented as total passengers versus boarded passengers (which only considers passengers that generate revenue).
5. Includes improvement works that do not generate future economic benefits for ViaOeste.

\ Videoconference

Conference call in Portuguese with simultaneous translation into English:

October 30, 2025

10:00 a.m. São Paulo / 9:00 a.m. New York

Videoconference link:

https://motiva-br.zoom.us/webinar/register/WN_hrypxotYSGqDOk9ylPT7-A?_x_zm_rtaid=DyNcTlWbSLyyM66J4OjpQw.1760556932535.74e3045bbe8b4d46bf3bb0ecb92ecb78&_x_zm_rhtaid=342#/registration

\ IR Contacts

Flávia Godoy: (+55 11) 3048-5900 - flavia.godoy@motiva.com.br

Douglas Ribeiro: (+55 11) 3048-5900 - douglas.ribeiro@motiva.com.br

Cauê Cunha: (+55 11) 3048-5900 - caue.cunha@motiva.com.br

Caique Moraes: (+55 11) 3048-5900 - caique.moraes@motiva.com.br

Ana Beatriz Bovo:(+55 11) 3048-5900 - ana.bovo@motiva.com.br

View original content:https://www.prnewswire.co.uk/news-releases/motiva---results-for-the-3rd-quarter-of-2025-302599110.html

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