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Iochpe-Maxion (MYPK3) investor relations material
Iochpe-Maxion Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Third quarter 2025 results were impacted by a sharp downturn in the North American heavy truck market, resulting in a 4.5% year-over-year revenue decline to BRL 3.8 billion, but robust performance in South America and EMEA, market share gains, and disciplined cost management helped offset the impact.
Maintained double-digit recurring EBITDA margin, highlighting business model resilience and benefits of geographic and portfolio diversification.
Net income for the quarter was BRL 35.1 million, with leverage at 2.55x, slightly above target but below the prior year.
Achieved growth through new business awards, market share gains, and global portfolio diversification, with strong light vehicle performance in Brazil and Europe offsetting North American weakness.
Financial highlights
Net revenue for Q3 2025: BRL 3.8 billion, down 4.5% year-over-year due to North American truck market contraction.
Gross profit: BRL 460.3 million for Q3 (12.1% margin); nine-month gross profit: BRL 1.44 billion.
Recurring EBITDA: BRL 391.9 million for Q3 (10.3% margin, excluding restructuring); reported EBITDA was BRL 360.4 million (9.5% margin), down 18.1% year-over-year.
Net income: BRL 35.1 million for Q3, impacted by restructuring and higher financial expenses.
Leverage (Net Debt/EBITDA) at 2.55x in Q3 2025, improved from 2.59x in Q3 2024.
Outlook and guidance
North American heavy truck market expected to recover during 2026, with company prepared for a steep rebound.
EMEA and Asia expected to see continued growth and market share gains in 2026, especially in commercial vehicles.
South America anticipated to remain stable, with no major downturn or upside expected.
Strategic expansion in South America for light vehicle aluminum wheels, including a new joint venture in Argentina and redeployment of global assets to Brazil.
Margins are expected to normalize or improve as North American volumes recover; 11% margin targeted when market stabilizes.
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