Tegma’s 2Q26 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 2Q26 results.

Highlights:

. The Board approved the payment of R$ 1.14 per share in dividends and IoC, with a cut-off date on August 6 and a payment date on August 18.
This distribution represents a 62% payout ratio and a 3.8% dividend yield.

. The volume of vehicles transported in 2Q26 was 207,000, a 21.5% increase compared to 2Q25. Market share stood at 23.8%, up 1.2 percentage points year-over-year, driven by the positive performance of key clients. The average distance in 1Q26 was 1,166 km, 7.8% greater than in 2Q25.

. Net revenue for the 2Q26 was R$740 million, up 37% YoY, reflecting growth in the Automotive Division driven by an increase in the number of vehicles transported and the average distance of transport.

. The gross margin for 2Q26 was 20.6%, stable year-over-year, negatively impacted by changes in the method of calculating taxes credit and to operational issues related to the strong growth in vehicle logistics.

. The adjusted EBITDA for 2Q26 was R$138.5 million, with a margin of 18.7%, 1.2 p.p. higher than the 2Q25 EBITDA margin, driven by revenue growth and the control of administrative expenses.

. Net income for 2Q26 was R$ 83 million, 24% higher than in 2Q25, representing a 1.2 p.p. reduction in the net margin, which reached 11,2%. This result is attributed to an indemnity, to a decrease in equity pickup during the period, despite the increase in operational profit.

. Free cash flow in 2Q26 was negative at R$ 1 million, primarily impacted by high working capital consumption resulting from the rapid pace of revenue growth during the period. Days sales outstanding remained at the same level as the previous year.

. The return on invested capital in 2Q26 was 31.8%, an increase of 1.9 percentage points compared to the 1Q26, driven primarily by the increase in the number of vehicles transported, the average distance, and the rise in operating profit during the period.

. Net cash in June 2026 was R$ 56 million, compared to R$ 59 million in March 2026, influenced by working capital consumption resulting from the sharp increase in the Company’s revenue.

Click here to access the earnings release.
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Click here to access the results presentation

Webcast Eng
https://mzgroup.zoom.us/webinar/register/WN_dj7ufoulSLSZtLeniEW5nQ#/registration
Tuesday, Aug 4, 2026 | 2:00 pm (US-EST)