GPS Participações e Empreendimentos S.A. (GGPS3) investor relations material

Executive summary

• Net revenue reached R$4.31 billion in 2Q25, up 23% year-over-year, with 6% organic growth and significant contribution from recent acquisitions despite a competitive environment and price pressure.

• Adjusted EBITDA ex-IFRS16 was R$405 million, 16% higher than 2Q24, with a margin of 9.4%, impacted by integration and one-off acquisition and labor costs.

• Adjusted net profit was R$156 million, 6% below 2Q24, with a net margin of 3.6%, affected by higher financial and integration expenses.

• Major acquisitions included GRSA, RHMed, and Nutricar, expanding the service portfolio and strengthening the food solutions segment.

• Operational cash flow in 1H25 was R$845 million, representing 105% of adjusted EBITDA.

Financial highlights

• 1H25 net revenue totaled R$8.4 billion, 28% higher than 1H24, with 6% organic growth.

• Adjusted EBITDA ex-IFRS16 for 1H25 was R$806 million, up 18% year-over-year, with a 9.6% margin.

• Adjusted net profit for 1H25 was R$336 million, stable year-over-year, with a 4.0% margin.

• Net profit for 2Q25 was R$124 million, down 11% from 2Q24.

• Basic and diluted EPS for 2Q25 was R$0.18, compared to R$0.21 in 2Q24.

Outlook and guidance

• Organic growth is expected to increase to 7–7.5% in the second half of 2025, driven by contract carryover and pipeline achievements.

• Margin improvement anticipated as one-off labor and acquisition costs subside, with a return to normalized labor liabilities by 2026.

• Management expects 2025 to be challenging, focusing on integrating GRSA and driving organic growth amid competitive pressures.

• Continued caution due to macroeconomic and customer price pressures, but stable and resilient service demand.

• Emphasis on commercial discipline to balance profitability and customer base expansion.