SIMPAR (SIMH3) investor relations material

Executive summary

• Achieved record net revenue of R$47.8 billion in 2025 (+7% y/y), with EBITDA of R$12.8 billion (+24% y/y), and net income of R$213 million, reversing a prior year loss.

• Monetized Ciclus Rio for R$1.8 billion, generating a 27% IRR and supporting deleveraging and portfolio management.

• Lowest leverage in 15 years at 3.0x Net Debt/EBITDA, with R$4.6 billion raised in 4Q25 and R$4.2 billion in 1Q26 for liability management.

• Significant operational efficiency gains, with EBITDA per employee up 24% and net CapEx reduced by 35% to the lowest in five years.

• Strategic focus on value extraction, operational efficiency, and cash generation, with prior investments now yielding results.

Financial highlights

• 4Q25 net revenue was R$11.98 billion (+7% y/y); full year net revenue reached R$47.8 billion (+7% y/y).

• Full-year EBITDA reached R$12.8 billion (29.6% margin, +24% y/y); normalized EBITDA (ex-Ciclus Rio) was R$11.8 billion (+15% y/y).

• Operating income in 4Q25 was R$2.9 billion (+78% y/y); full year EBIT was R$8.17 billion (+24% y/y).

• Free cash flow before growth reached R$10.6 billion, with 82% generated from long-term contracts.

• Net CapEx dropped by 35% to R$6.6 billion in 2025, with EBITDA/Net CapEx ratio at 1.9x.

Outlook and guidance

• Focus remains on operational efficiency, cost reduction, and asset utilization across all business units.

• Guidance for CS Infra: 2026 EBITDA expected between R$180 million and R$250 million.

• Automob targets EBITDA of R$980 million in 2027 (+85% vs. 2025), with ongoing integration and value extraction.

• VAMOS 2026 guidance: gross revenue from asset sales R$1.6–1.8 billion, net CapEx R$1.2–1.9 billion, EBITDA R$3.75–4.0 billion.

• Continued capital structure optimization and commitment to sustainable value creation.