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 - [email protected]
Douglas Ribeiro: (+55 11) 3048-5900 - [email protected]
Cauê Cunha: (+55 11) 3048-5900 - [email protected]
Caique Moraes: (+55 11) 3048-5900 - [email protected]
Ana Beatriz Bovo:(+55 11) 3048-5900 - [email protected]
SOURCE Motiva S.A.
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