Embraer (EMBR3) investor relations material

Executive summary

• Achieved record-high backlogs across all divisions, with company-wide backlog reaching $31.3 billion, up 38% year-over-year, and strong book-to-bill ratios in commercial and executive aviation segments.

• Delivered 62 aircraft in Q3 2025, a 5% increase year-over-year, with commercial aviation deliveries up 25% and executive aviation stable.

• Achieved record 3Q revenues and all-time high business jet deliveries, surpassing 2,000 executive jets delivered.

• Notable new orders in commercial aviation (Avelo, LATAM) and defense (Portugal, Panama, Sierra Nevada), and a historic milestone of 2,000th business jet delivered.

• S&P rating upgraded to BBB, reflecting improved financial strength.

Financial highlights

• Q3 2025 revenue reached $2,004 million, up 18% year-over-year.

• Adjusted EBIT for Q3 was $172 million (8.6% margin), compared to $147 million (8.7% margin) in Q3 2024, excluding last year’s one-time Boeing agreement.

• Adjusted net income was $54 million (2.7% margin), down from 13.1% last year due to the absence of the prior year’s $150 million Boeing agreement and less favorable net financial results.

• Adjusted free cash flow reached $300 million, supported by strong operating activities and lower accounts receivable.

• Standalone net debt reduced to $439 million, with net debt/EBIT ratio at 0.5x, a significant improvement from 1.3x a year earlier.

Outlook and guidance

• 2025 guidance reaffirmed: 77–85 commercial aircraft and 145–155 executive aircraft deliveries, $7–$7.5 billion in revenue, 7.5%–8.3% adjusted EBIT margin, and over $200 million in adjusted free cash flow.

• Guidance reflects ongoing supply chain risks and U.S. import tariffs, but management expects to finish the year in a net cash position and possibly at the high end of margin guidance if deliveries proceed as planned.