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

Executive summary

• Net revenue for 2025 reached R$17,283 million, up 17% year-over-year, with 8% organic growth and significant contributions from recent acquisitions, especially GRSA.

• Adjusted EBITDA ex-IFRS16 grew 12% to R$1,674 million, with a margin of 9.7%, slightly below historical levels due to integration and contract mobilization costs.

• Adjusted net profit increased 5% to R$822 million, with a net margin of 4.8%, impacted by higher financial expenses and labor contingencies.

• Integration of GRSA, the largest acquisition, was completed successfully, contributing to operational synergies.

• Workforce expanded to over 185,000 employees, with progress in gender diversity and leadership representation.

Financial highlights

• 4Q25 net revenue rose 8% year-over-year, with 10% organic growth and adjusted EBITDA ex-IFRS16 for 4Q25 up 11% YoY.

• Adjusted net profit for 4Q25 was R$298 million (+10% YoY), with a margin of 6.7%.

• Operational cash generation was strong, at 91% of adjusted EBITDA.

• Organic net revenue for 2025 was R$12,866 million (+8% YoY); inorganic revenue from acquisitions contributed R$4,418 million.

• Cash and equivalents at year-end: R$3,893 million.

Outlook and guidance

• Management expects a challenging 2026 but remains focused on growth, risk management, and operational efficiency.

• GRSA and other recent acquisitions are expected to contribute positively to margins as synergies are realized.

• Organic growth will focus on large, complex contracts, with a headwind from GRSA but potential for margin improvement.

• Continued focus on organic and inorganic growth, with ongoing M&A activity.

• Resilient performance expected across economic cycles, supported by a diversified business model.