Multilaser Industrial (MLAS3) investor relations material

Executive summary

• Net revenue reached R$929.7 million in 2Q25, up 21.7% from 1Q25 and 5.1% year-over-year, driven by recurring operations and product line growth.

• Gross margin improved to 24.9%, a 1.2 percentage point increase from 1Q25 and 2.9 p.p. higher than 2Q24, with gross profit rising to R$231.1 million.

• EBITDA was R$30.8 million, up 460.2% from 1Q25 and 3.6% from 2Q24, reflecting operational efficiency and expense control.

• Net income was R$19.8 million, reversing a loss of R$52.2 million in 2Q24 and a BRL 64 million loss in the previous quarter.

• Operating cash flow was strong at R$64.9 million, with cash and equivalents rising to R$498.9 million and net debt reduced by R$52 million.

Financial highlights

• Net revenue: R$929.7 million (+21.7% vs. 1Q25, +5.1% vs. 2Q24).

• Gross margin: 24.9% (+1.2 p.p. sequentially, +2.9 p.p. year-over-year).

• EBITDA margin: 3.3% reported; 4% adjusted for one-off costs.

• Net income: R$19.8 million for the quarter, a turnaround from losses in prior periods.

• Inventory days at lowest level in five quarters, with inventory reduced from R$218 million to R$201 million.

Outlook and guidance

• Management expects further gross margin and EBITDA margin improvement in the second half, targeting EBITDA margin above 4% and approaching 5%.

• Focus on maintaining expense discipline, optimizing working capital, and further inventory and accounts receivable reductions.

• Plans to re-profile debt and structure a Receivables Investment Fund (FIDC).

• Tax credit consumption projected at BRL 50–70 million for the second half, supporting cash flow.

• Management expresses confidence in the recovery trajectory, citing improved financial health and operational efficiency.