Tegma’s 2Q25 Results

TEGMA GESTÃO LOGÍSTICA SA (TGMA3), one of the largest logistic providers in Brazil and one of the leaders in logistics for brand new vehicles in Brazil, hereby presents its 2Q25 results.

Highlights:

. The quantity of vehicles transported in 2Q25 was 171.000, 2% higher vs. 2Q24. The market share was 22.6%, down 2.2 p.p. YoY, due to the underperformance of key customers. Average distance in 2Q25 was 1,082 km, down 0.6% from 2Q24.

. The Board of Directors Meeting decided on August 4 to distribute 80% of the 1H25 net income in Dividends and Interest on Equity corresponding to R$89 million, or 3.8% dividend yield [8.3% in the last twelve months], for payment on August 19.

. Net revenues in 2Q25 was R$540.5 million, 14% higher YoY, driven by the increased number of vehicles transported in the Automotive Division, in addition to higher revenues from storage and transportation services between yards.

. EBITDA in 2Q25 was R$95 million, a 17.5% margin, 0.5 p.p. lower than the 2Q24 EBITDA margin, due to the increase in expenses (M&A, ERP Project) and reduction in the EBITDA margin of Integrated Logistics.

. Net income in 2Q25 was R$67 million, 6% higher than in 2Q24, representing a 1.0 p.p. reduction in net margin, reaching 12.4%. This loss in net margin can be attributed to the reduction in operational margin and the stability of equity pick-up.

. Free cash flow in 2Q25 was positive at R$41 million, reflecting the company’s operational performance and a reduction in the cash-to-cash-cycle compared to March 2025.

. Return on invested capital in 2Q25 was 39.7%, stable compared to 1Q25, mainly due to the growth of operational results in line with the evolution of capital employed.

. Net cash in June 2025 was R$ 236 million, com-pared to R$ 229 million in March 2025, an in-crease mainly due to the free cash flow in the period.

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Results conference call
Tuesday, August 5, 2025
3:00 pm (Brasília)
2:00 pm (US-EST)
[Portuguese with simultaneous translation to English]
Zoom Webcast: click here