MAHLE Metal Leve (LEVE3) Q3 2025 earnings summary

Executive summary

• Net operating revenue reached BRL 4.1 billion in the latest four months, reflecting strong growth and market share gains, especially in filters and engine parts.

• Net sales revenue rose 26.0% year-over-year to R$4,081.1 million in the first nine months of 2025, driven by acquisitions and market share gains.

• The company was awarded the Transparency Award in October 2024 and recognized for ESG best practices.

• EBITDA margin for Q3 2025 was 21.4%, with EBITDA of R$309.8 million; 9M 2025 EBITDA margin was 19.8%.

• Expanded Americas Filter Engineering Center in Jundiaí, focusing on sustainable mobility and innovation.

Financial highlights

• Net revenue for Q3 2025 grew 76.5% year-over-year; excluding acquisitions, growth was 15.4%.

• For the nine months, revenue reached BRL 4.1 billion, up 80% year-over-year; excluding acquisitions, growth was 18.3%.

• Q3 2025 net operating revenue: R$1,445.3 million, up 25.6% year-over-year.

• 9M 2025 profit for the period: R$472.8 million, up 9.8% year-over-year.

• Cash generation exceeded BRL 500 million, with working capital close to BRL 500 million.

Outlook and guidance

• Combined Brazil and Argentina vehicle sales expected to grow 7% by year-end, down from earlier 8% projections.

• Management anticipates continued investment in R&D and sustainable solutions, leveraging a balanced OE and Aftermarket portfolio to stabilize margins.

• Ongoing focus on digital transformation, operational efficiency, and expanding product offerings.

• No major changes anticipated in Brazil's vehicle sales at the start of next year; modest growth of 2%-3% expected.