SÃO PAULO, Oct. 29, 2026 /PRNewswire/ -- Highlights
- On September 1, 2026, the Company announced the conclusion of the sale of the Airport Platform, for a final amount of approximately R$5.2 billion, in line with its portfolio simplification and capital recycling strategy.
- On September 1, 2026, the Company announced the full early redemption of the debentures issued under the 17th and 18th issuances, in the aggregate amount of approximately R$3.7 billion.
- On September 17, 2026, the Company made a payment of approximately R$1.5 billion in interest on equity.
- On September 29, 2026, the Company announced a strategic partnership, through a new joint venture, for the commercial exploitation of Out-of-Home (OOH) media on highways.
- The OPEX (cash)/Adjusted Net Revenue LTM ratio reached 34.4% in 3Q26, -1.5 p.p. vs. 3Q25, excluding the Airport Platform.
Consolidated Operational and Financial Highlights
OPERATIONAL AND FINANCIAL HIGHLIGHTS (R$ MM) |
3Q25 |
3Q26 |
Var.% |
9M25 |
9M26 |
Var.% |
Adjusted Net Revenue¹ |
3,350 |
3,806 |
13.6 % |
9,502 |
10,764 |
13.3 % |
Adjusted EBITDA¹ |
2,224 |
2,521 |
13.4 % |
6,096 |
7,128 |
16.9 % |
Adjusted EBITDA – Toll Roads |
2,000 |
2,262 |
13.1 % |
5,234 |
6,192 |
18.3 % |
Adjusted EBITDA – Rail |
591 |
593 |
0.3 % |
1,749 |
1,876 |
7.3 % |
Adjusted EBITDA – Other |
(367) |
(334) |
-9.0 % |
(887) |
(940) |
6.0 % |
Adjusted EBITDA Margin² |
66.4 % |
66.2 % |
-0.2 p.p. |
64.2 % |
66.2 % |
2.0 p.p. |
Adjusted Net Income¹ |
683 |
750 |
9.8 % |
1,620 |
2,040 |
25.9 % |
ROE3 LTM |
18.0 % |
31.5 % |
13.5 p.p. |
18.0 % |
31.5 % |
13.5 p.p. |
ROIC3 LTM |
11.0 % |
8.1 % |
-2.9 p.p. |
11.0 % |
8.1 % |
-2.9 p.p. |
Net Debt/LTM Adjusted EBITDA |
3,6 |
3,2 |
-0.4x |
3,6 |
3,2 |
-0.4x |
Toll Roads - Equivalent Vehicles (million) |
283,6 |
377,9 |
33.3 % |
840,5 |
1,054,7 |
25.5 % |
Rail - Transported Passengers (million) |
194,7 |
195,6 |
0.5 % |
564,9 |
572,8 |
1.4 % |
CAPEX4 |
2,210 |
2,275 |
2.9 % |
5,036 |
5,579 |
10.8 % |
1. Excludes construction revenue and costs. Adjustments are described in the "non-recurring effects" section in Exhibit I (page 22).
2. The Adjusted EBITDA Margin was calculated by dividing Adjusted EBITDA by Adjusted Net Revenue.
3. ROE = Net Income/Equity | ROIC = NOPAT (EBIT*1-effective rate) /Invested Capital (Equity + Gross Debt).
4. Includes improvement works that do not generate future economic benefits for ViaOeste.
Videoconference
Conference call in Portuguese with simultaneous translation into English:
October 29th, 2026
9:00 a.m. São Paulo / 8:00 a.m. New York
Videoconference link:
https://mzgroup.zoom.us/webinar/register/WN_04EKE8XxSYqgk4xOwQeeQw#/registration
IR Contacts
Flávia Godoy: (+55 11) 3048-5900 - flavia.godoy@motiva.com.br
Douglas Ribeiro: (+55 11) 3048-5900 - douglas.ribeiro@motiva.com.br
Cauê Cunha: (+55 11) 3048-5900 - caue.cunha@motiva.com.br
Caique Moraes: (+55 11) 3048-5900 - caique.moraes@motiva.com.br
Ana Beatriz Bovo:(+55 11) 3048-5900 - ana.bovo@motiva.com.br
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SOURCE Motiva S.A.
