1Q25 Earnings Release

TEGMA GESTAO LOGISTICA S.A., one of the largest logistic providers in Brazil and one of the leaders in logistics for brand new vehicles in Brazil, hereby presents its 1Q25 results:

. The quantity of vehicles transported in 1Q25 was 145,000, 3% higher YoY, a 23.1% market share, 1.9 p.p. lower vs 1Q24, due to the underperformance of relevant customers. The 1Q25 average distance was 1,025 km, 3.3% higher YoY.
. Net revenue in 1Q25 was R$440 million, 13% higher YoY, reflecting the growth of the automotive logistics operation, due to the increase in the number of vehicles transported, the logistics and transfer services and the growth in revenues from Integrated Logistics Division.
. Gross margin in 1Q25 was 19%, up 0.9 p.p YoY, reflecting growth in both divisions and operating ramp-up costs for integrated logistics.
. EBITDA in 1Q25 was R$69 million, a 15.6% margin, 0.7 p.p. up than the 1Q24 EBITDA margin, due to the growth in the Automotive Division’s operational indicators, productivity gains and expenses control.
. Net income in 1Q25 was R$44 million, 17% higher than in 1Q24, representing a 0.3 p.p. growth in net margin, reaching 9.9%. This result is attributed to the improvement in the operating result and financial result in the period.
. Free cash flow in 1Q25 was positive at R$92 million, mainly due to the company’s operational performance and the large reduction in accounts receivable vs. Dec/24, observed in the first quarters of the years.
. The return on invested capital in 1Q25 was 39.6%, stable compared to 4Q24, mainly due to the maintenance of good operating results and on capital employed.
. Net cash in March 2025 was R$228 million, compared to R$135 million in December 2024, an increase mainly due to the free cash flow in the period.

Webcast Eng
https://mzgroup.zoom.us/webinar/register/WN_h-vp9GagSqK-ZyfcmpbO8Q#/registration
Tuesday, May 6, 2025 | 2:00 pm (US-EST)