Português
2Q25 Highlights
Impact of global uncertainties on demand for
commercial vehicles
Net Net Revenue: R$2.6 billion in 2Q25 (-6% vs. 2Q24). The depreciation of the Brazilian real partially offset the impact of the 10% decrease in physical sales volumes, led by the market performance of commercial vehicles in the United States and Europe.
Adjusted EBITDA: R$210 million (-47% vs. 2Q24), with a margin of 8% (vs. 14% in 2Q24). The year-over-year comparison was influenced by payments received related to price adjustments recognized in that period.
The margin of the traditional business, which includes structural components and hydraulic products, reached 7% in 2Q25. The double-digit decline in sales and production volumes, which affected operational efficiency, quality indicators, and the dilution of costs and expenses, had an approximately R$90 million impact on EBITDA in the quarter. The margin of MMW’s operations stood at 10% in the period.
Financial Result: net expense of R$35 million (vs. an expense of R$176 million in 2Q24), due to the positive impact of exchange rate variation on balance sheet accounts in foreign currency and the result of hedge operations (which recorded a negative result in 2024.
Net Income: R$24 million, up by 33% over the same period last year, driven by the improved financial result and the depreciation of the Mexican Peso over the tax base (a positive effect of R$75 million year over year).
Operating Cash Flow: generation of R$106 million (vs. R$413 million in 2Q24).
To access the Earnings Release, click here.
To access the TUPY Comenta, click here.