Motiva S.A. Reports Strong Financial Results for Q2 2025 and New Developments

Motiva S.A. Results for the 2nd Quarter of 2025

Motiva S.A. recently shared its financial and operational performance for the second quarter of 2025, reporting promising growth and several key developments that are set to shape the company's future.

Major Highlights of Q2 2025

On May 22, 2025, Motiva S.A. successfully won the bidding process for the MSVia project. This win is expected to enhance the company's operational capabilities and cement its position in the market. Following this, on May 29, the company made significant progress with ViaMobilidade, as Lines 8 and 9 signed an amendment for the implementation of the European Train Control System (ETCS), which will improve the safety and efficiency of rail transport.

By June 28, 2025, Motiva S.A. marked the commencement of its toll collection at five plazas operated by PRVias. Furthermore, on July 4, the company signed an amendment agreement with SPVias for an extension of the concession term by 73 days, showcasing Motiva's commitment to enhancing its toll road operations.

The figures from the second quarter reflect solid growth in various sectors. Notably, comparable traffic on toll roads grew by 3.4%, 0.5% on rail transport, and remarkably, a staggering 10.0% increase in airport traffic compared to previous periods.

Financial Performance Overview

During Q2 2025, Motiva S.A. recorded consolidated adjusted net revenue of R$3,563 million, representing a year-on-year increase of 2.2%. For the first half of 2025, the adjusted net revenue reached R$7,291 million, marking a 4.7% growth compared to the same period in 2024. The consolidated adjusted EBITDA for the quarter stood at R$2,094 million, boasting a 4.2% rise, and for 1H25, an impressive EBITDA of R$4,450 million, reflecting a 9.2% increase.

Breaking it down further, the adjusted EBITDA specifically for toll roads was R$1,535 million, a 2.5% increase from the previous year. Rail operations saw an even more significant uplift, with a 12.8% increase to R$579 million, while airports experienced the highest growth rate at 20.5%, achieving R$294 million in adjusted EBITDA.

On the other hand, the segments classified under 'Others' deepened their losses, with the adjusted EBITDA standing at (R$313) million, a noted rise in losses of 27.4%.

Toll and Transportation Metrics

Despite these financial successes, some key metrics have shown a decline. The number of vehicle equivalents on toll roads decreased by 14.2%, to 252.8 million. Nonetheless, rail transport managed a minor decrease of just 1.2%, with 188.9 million passengers transported. In contrast, airports saw a significant rise in boarding numbers to 10.4 million, a 10% increase, reinforcing the recovery trend in air travel.

Conclusion

In summary, Motiva S.A.’s performance in the second quarter of 2025 demonstrates resilience and growth in the face of challenges, with the company continuing to expand its infrastructure and services. The upcoming implementation of advanced technologies like the European Train Control System aims to enhance operational efficacy. Stakeholders remain optimistic about Motiva's trajectory as it navigates the evolving landscapes of transportation and infrastructure.

For further details on Motiva S.A.'s latest news and financial specifics, stakeholders are encouraged to participate in the upcoming conference call on July 30, 2025, at 03:30 PM São Paulo time.