#Brazil #São Paulo #Motiva S.A. #Out-of-Home Media #Airport Platform

Overview of Motiva's 3rd Quarter Performance

On October 29, 2026, Motiva S.A. released its financial results for the third quarter, showcasing robust operational performance driven by strategic decisions aimed at simplifying its portfolio and enhancing capital efficiency.

Major Highlights of the Quarter

One of the most significant events was the conclusion of the sale of the Airport Platform on September 1, 2026, which was finalized for an impressive R$5.2 billion. This strategic decision aligns perfectly with Motiva's goal of portfolio simplification, allowing the company to focus on its core businesses and better manage its resources.

In conjunction with this asset sale, Motiva also completed the full early redemption of debentures issued in its 17th and 18th issuances, amounting to approximately R$3.7 billion. This move illustrates Motiva's commitment to financial prudence and effective capital management.

From a financial standpoint, Motiva paid out about R$1.5 billion in interest on equity on September 17, 2026—a gesture that underscores its profitability and dedication towards returning value to its shareholders. Furthermore, on September 29, 2026, the company announced an exciting new joint venture focused on the commercial exploitation of Out-of-Home (OOH) media along highways, indicating Motiva's strategic interest in expanding its revenue streams.

Financial Metrics

The company's operational and financial metrics depicted a successful quarter:

• - Adjusted Net Revenue: Increased by 13.6%, reaching R$3.8 billion compared to R$3.35 billion in Q3 2025.
• - Adjusted EBITDA: Rose by 13.4%, amounting to R$2.52 billion, demonstrating consistent operational efficiency.
• - Adjusted EBITDA Margin: Stood at 66.2%, showcasing a strong capacity for profitability despite fluctuating market conditions.
• - Adjusted Net Income: Showed a remarkable increase of 25.9% from R$1.62 billion in 2025 to R$2.04 billion.

In terms of return metrics, the Return on Equity (ROE) and Return on Invested Capital (ROIC) illustrated significant year-on-year improvements, reaching 31.5% and 8.1%, respectively.

Traffic and Production

In the transportation sector, Motiva reported a strong performance with Toll Roads displaying an increase in equivalent vehicles from 8.40 million to 10.55 million, marking a significant 25.5% growth. Additionally, the number of transported passengers via rail increased slightly, reflecting stable operational levels.

Future Outlook

With a CAPEX of R$2.275 billion this quarter, representing a 2.9% uptick from the previous year, Motiva is clearly investing in future growth. The company's focus on expanding its infrastructure and entering new markets through joint ventures indicates a progressive trajectory.

Conclusion

In conclusion, Motiva's third-quarter results indicate a successful period characterized by strategic asset management and promising future ventures. Through significant asset sales and a commitment to improving financial metrics, Motiva is solidifying its position in the market. Stakeholders and investors can anticipate that these moves will foster continued growth and stability for the company moving forward. For more details, Motiva's investors can refer to the full financial report shared during the recent videoconference events hosted by company executives.