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Marcopolo (POMO4) investor relations material
Marcopolo Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue grew 8.2% year-over-year to BRL 2,505.4 million in Q3 2025, driven by strong international operations and exports, offsetting a domestic market slowdown.
Net income reached BRL 329.6 million, down 1.8% year-over-year, with ROIC stable at 25%.
International operations and exports offset an 8% drop in domestic production, with external markets accounting for about 50% of net revenue.
International revenue grew 51.3% and exports from Brazil rose 43.1% year-over-year.
Total production was stable at 4,127 units, with a 5.1% drop in Brazil offset by 26.2% growth abroad.
Financial highlights
Consolidated net revenue was BRL 2.5 billion in Q3 2025, up 8.2% year-over-year.
Gross profit reached BRL 668.7 million, with a record gross margin of 26.7%.
EBITDA was BRL 419.8 million (16.8% margin), impacted by non-recurring losses; adjusted EBITDA was BRL 491.1 million (19.6% margin), up 14.3%.
Net profit was BRL 329.6 million (13.2% margin), slightly down from Q3 2024.
Cash and equivalents rose to BRL 1,993.9 million at quarter-end.
Outlook and guidance
Order book for Q4 2025 remains strong, especially for coach and city buses, with expectations of maintaining production volumes.
International operations, especially in Australia, Argentina, Chile, and Peru, expected to remain strong into 2026.
Certification for Paradiso models in Europe underway, with first deliveries expected in late 2026 or early 2027.
Refrota program anticipated to boost city bus demand in early 2026.
High interest rates in Brazil continue to impact fleet renewal; improvement expected as rates decline.
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