SÃO PAULO, April 29, 2026
In the news release, Motiva - Results for the 1st quarter of 2026, issued 29-Apr-2026 by Motiva S.A. over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
SÃO PAULO, April 29, 2026 /PRNewswire/ --
Highlights
1. For the purposes of this calculation, it considers (i) jointly owned subsidiaries and (ii) the Airport Business.
| Consolidated Operational and Financial Highlights | |||
| OPERATIONAL AND FINANCIAL HIGHLIGHTS (R$ MM) | 1Q25 | 1Q26 | Var.% |
| Consolidated Adjusted Net Revenue¹ | 3,147 | 3,327 | 5.7 % |
| Consolidated Adjusted EBITDA¹ | 2,050 | 2,240 | 9.3 % |
| Adjusted EBITDA - Toll Roads | 1,685 | 1,932 | 14.7 % |
| Adjusted EBITDA - Rails | 574 | 587 | 2.3 % |
| Adjusted EBITDA - Others | (209) | (279) | 33.5 % |
| Consolidated Adjusted EBITDA Margin² | 65.1 % | 67.3 % | 2.2 p.p. |
| Adjusted Net Income¹ | 539 | 627 | 16.3 % |
| ROE LTM3 | 10.0 % | 20.2 % | 10.2 p.p. |
| ROIC LTM3 | 6.7 % | 8.7 % | 2.0 p.p. |
| Net Debt/LTM Adjusted EBITDA (x) | 3,5x | 3,6x | 0.1x |
| Toll Roads - Vehicle Equivalents (million) | 304,1 | 313,9 | 3.2 % |
| Rails - Passengers Transported (million) | 181,7 | 185,0 | 1.8 % |
| CAPEX4 | 1,210 | 1,473 | 21.7 % |
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.
Discontinuation of the Airport Business and Accounting Reclassification
On November 18, 2025, the Company entered into a share purchase and sale agreement for 100% of the shares of Companhia de Participações em Concessões (CPC) with ASUR, marking the full divestment of the Airport Business. The execution of the agreement resulted in relevant accounting effects, as from that date all results and balance sheet positions related to the airport segment were consolidated into a specific line item in the Income Statement, entitled Result from Discontinued Operations, and in the Balance Sheet as Assets and Liabilities Held for Sale.
The results for 1Q25 were reclassified and restated to reflect this change, and 1Q26 is already presented excluding the contribution of airport operations from the Company's consolidated figures.
For informational purposes, in the comparison between 1Q26 and 1Q25, the Airport Platform recorded a 31% increase in net income. This result reflected higher passenger volumes across all assets, combined with the positive effects of the liability management carried out in the second half of 2025.
\ Videoconference
Conference call in Portuguese with simultaneous translation into English:
April 30th, 2026
10:00 a.m. São Paulo / 9:00 a.m. New York
Videoconference link:
https://motiva-br.zoom.us/webinar/register/WN_37Xv5m_DTeGZp9nkY5u_FA#/registration
\ IR Contacts
Flávia Godoy: (+55 11) 3048-5900 - flavia.godoy@motiva.com.br
Douglas Ribeiro: (+55 11) 3048-5900 - douglas.ribeiro@motiva.com.br
Cauê Cunha: (+55 11) 3048-5900 - caue.cunha@motiva.com.br
Caique Moraes: (+55 11) 3048-5900 - caique.moraes@motiva.com.br
Ana Beatriz Bovo:(+55 11) 3048-5900 - ana.bovo@motiva.com.br
Correction: The conference call date now reads April 30th, 2026.
View original content:https://www.prnewswire.com/news-releases/motiva---results-for-the-1st-quarter-of-2026-302758112.html
SOURCE Motiva S.A.
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