Gerdau S.A. Reports 4Q25 Financial Outcomes Amidst Industry Challenges

Key Financial Metrics

On February 23, 2026, Gerdau S.A., a prominent player in the steel industry, reported its financial performance for the fourth quarter of 2025 (4Q25). The company experienced an adjusted EBITDA of R$2.4 billion, which marks a 13% decline compared to the previous quarter (3Q25) and remains in line with its 4Q24 figures. This signals some financial resilience despite the fluctuating market conditions.

North America has been a significant contributor to the company's financial health, accounting for 62% of the consolidated EBITDA for the year 2025.

Investment Plans

Gerdau made substantial investments in the fourth quarter, amounting to R$1.5 billion, bringing the total capital expenditures (CAPEX) for the year to R$6.1 billion. Looking ahead, the company has planned an approved investment of R$4.7 billion for 2026, indicating its commitment to growth and expansion in a competitive environment.

Shareholder Returns and Buybacks

In efforts to reward its shareholders, Gerdau declared a dividend distribution of R$0.10 per share, amounting to a total of R$197.5 million, which is to be paid out based on the record date of March 18, 2026. In the entire year of 2025, the company returned an impressive R$2.4 billion to its shareholders through dividend payments and share buybacks, achieving a remarkable return of 182.3%.

Moreover, the company finalized its 2025 share buyback program, which involved repurchases costing around R$1.0 billion. Following this completion, Gerdau’s Board of Directors confirmed a new share buyback program, allowing for the repurchase of up to 56.4 million shares over the next 18 months. This move demonstrates Gerdau’s robust approach to enhancing shareholder value and confidence in its future.

Regulatory Disclosure

Gerdau S.A. (traded as NYSE: GGB and BMFbovespa: GGBR3, GGBR4) has filed its 4Q25 results with the Securities and Exchange Commission (SEC) and the Comissão de Valores Mobiliários (CVM). Interested parties can access the detailed financial reports via Gerdau's investor relations website. The valuation guide for 4Q25 is also available online, providing shareholders and analysts with insights into the company’s performance and future strategies.

Conclusion

As Gerdau navigates an evolving market landscape, its financial results from 4Q25 embody a blend of cautious performance and determined growth strategies. The company’s focus on key investments and shareholder returns highlights its proactive management approach during uncertain economic conditions. Going forward, Gerdau's continued emphasis on sustaining solid operations and expanding its market presence will be vital for its long-term success.