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Marcopolo (POMO4) investor relations material
Marcopolo Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net revenue grew 17.8% year-over-year to R$2,305.1 million in Q2 2025, driven by strong international operations and export growth.
Net profit rose 28% year-over-year to R$321.1 million, with a margin of 13.9%.
Maintained leadership in the Brazilian bus market and continued global expansion.
Total production declined 5% due to lower volumes for the Caminho da Escola program, but exports and international production increased.
International operations and exports offset domestic market softness.
Financial highlights
Q2 2025 total revenue reached R$2,305.1 million, up from R$1,956.7 million year-over-year.
Gross profit was R$593.2 million, with a gross margin of 25.7%.
EBITDA was R$398.3 million, margin 17.3%.
Net margin improved to 13.9% from 12.8% in Q2 2024.
Earnings per share for Q2 2025 were R$0.285, up 28.3% year-over-year.
Outlook and guidance
Order backlog supports sequential volume growth and new electric vehicle deliveries in H2 2025.
International operations, especially in Argentina, Australia, and South Africa, are projected to maintain strong performance.
Anticipates a new bidding process for the Caminho da Escola program at year-end.
Expects stabilization of volumes at slightly higher levels than H1 2025, supporting revenue growth.
For 2026 and beyond, expects steady fleet renewal and moderate, sustainable growth.
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