#Brazil #São Paulo #Motiva S.A. #Minas_SP #Renovias

Motiva S.A. Reports Significant Growth in Q2 2026 Financial Results

Motiva S.A., a major player in the Brazilian infrastructure sector, has released its financial results for the second quarter of 2026, showcasing remarkable growth in revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA). The company's strategic initiatives, including the signing of significant agreements and enhancements to existing contracts, have played a key role in driving this positive financial performance.

Key Highlights

On April 2, 2026, Motiva finalized the Share Purchase Agreement for Minas_SP (Fernão Dias), initiating operations under this agreement shortly afterward. Additionally, the company benefited from the signing of the 26th Amendment to the Renovias concession agreement on May 8, 2026, which recognized a balance of R$75 million in favor of the company, a testament to their ongoing financial and operational improvement.

The following are some notable accomplishments from the quarter:

- Modernization Amendment Signed: On May 11, 2026, Motiva secured an essential agreement to modernize Minas_SP, extending the concession term by an additional 15 years. This amendment also included beneficial financial terms such as a tariff step-up and discounts offered during the competitive auction process.
- Concession Term Extension: An amendment to the Renovias concession agreement was signed on June 30, 2026, extending its term until October 31, 2026. This move underscores the robust relationship between Motiva and the regulatory authorities, facilitating long-term planning and investment strategies.

The adjustments in the operational structure have yielded impressive financial figures for the second quarter:

- Adjusted Net Revenue: The company reported an adjusted net revenue of R$3,631 million, representing a 20.8% increase compared to the same quarter last year.
- EBITDA Growth: Adjusted EBITDA saw substantial growth, climbing to R$2,370 million—30.1% higher than the previous year's quarter—highlighting the successful contributions from various sectors including R$370 million from the Minas_SP, Paraná, Pantanal, and Sorocabana operations.
- Improvement in Profitability Margins: The adjusted EBITDA margin also improved, now at 65.3%, a 4.7 percentage point increase from Q2 2025, signaling enhanced operational efficiency.

Financial Metrics Overview

A closer look at the critical financial metrics reveals strong growth across the board:

- Adjusted Net Income: Increased significantly by 67.0% to reach R$663 million.
- Return on Equity (ROE): Rose from 13.9% to an impressive 21.6% over the last twelve months.
- Debt Metrics: The ratio of net debt to LTM adjusted EBITDA slightly increased from 3.6x to 3.7x, demonstrating a consistent balance between growth and leveraging.

Operational Highlights

In terms of operational performance, Motiva reported a noteworthy increase in toll road vehicle equivalents, which surged by 43.6% year-over-year, totaling 363 million vehicles. Rail transport activities also showed positive trends, with the number of transported passengers reaching 192.3 million, a modest increase of 1.8%.

The company’s capital expenditure for the quarter stood at R$1,831 million, up 13.2% year-on-year, reflecting a commitment to infrastructure enhancements that will likely yield future returns.

Conclusion

Motiva S.A.'s robust financial results for Q2 2026 indicate a favorable trajectory for the company, underscored by strategic business decisions that optimize long-term value creation. As Motiva continues to enhance its operational capacity and negotiate favorable partnerships, it remains well-positioned for sustained growth in Brazil's competitive infrastructure landscape. The coming months look promising as the company navigates new opportunities and challenges in the evolving market.

For further inquiries or detailed financial information, please reach out to our investor relations team at Motiva S.A.