Motiva Infraestrutura de Mobilidade (MOTV3) Q1 2026 earnings summary

Executive summary

• Achieved 5.7% growth in Adjusted Net Revenue and 9.3% in Adjusted EBITDA year-over-year, with margin expansion of 2.2 p.p., reflecting portfolio resilience, operational efficiency, and strategic repositioning from the former CCR identity.

• Net income grew 16.3% year-over-year, supported by improved operations and tariff adjustments.

• CAPEX reached R$1.5 billion, up 21.7% year-over-year, focused on road and rail expansions, duplications, and improvements.

• Recognized for ethics, innovation, and sustainability, including being named one of the World's Most Ethical Companies and inclusion in S&P Global's Sustainability Yearbook.

• Significant milestones included the start of Minas_SP (Fernão Dias) concession operations and extension of Renovias concession, expanding strategic presence in Brazil's logistics sector.

Financial highlights

• Adjusted EBITDA reached R$2.2 billion (+9.3% YoY), with margin up 2.2 p.p. to 67.3%.

• Adjusted Net Revenue rose 5.7% YoY to R$3,327 million.

• Net income grew 16.3% YoY to R$627 million.

• CAPEX totaled R$1,473 million (+21.7% YoY), mainly for road and rail expansions.

• ROE LTM doubled to 20.2% and ROIC LTM improved to 8.7%.

Outlook and guidance

• Continued focus on operational efficiency, portfolio optimization, and technology adoption to drive sustainable value.

• Ongoing investments in infrastructure and innovation, with a strong commitment to ESG and decarbonization targets.

• Guidance remains unchanged, with expectations to meet full-year investment targets.