Randon SA Implementos e Participações (RAPT4) investor relations material

Executive summary

• Daniel Randon assumed the CEO role as of September 1, 2025, emphasizing operational focus and resilience amid challenging market conditions, including high interest rates, political adversity, and tariff wars.

• Profitability recovered due to first-half adjustments, strict expense control, and strategic cost optimization, despite volume declines in key segments.

• Continued investment in leadership, technology, sustainability, and ESG initiatives, including international certifications, new energy infrastructure, and digital inclusion programs.

• Recognition received as Supplier of the Year by Iveco Group, Great Place to Work awards, and multiple honors for innovation, export performance, and governance.

• Corporate rating maintained at brAAA by S&P, though outlook shifted to negative.

Financial highlights

• Net revenue reached R$ 3.44 billion in 3Q25, up 9.9% year-over-year, driven by international sales, new businesses, and acquisitions.

• Adjusted EBITDA was R$ 479.8 million (13.9% margin), a 1.0% increase year-over-year, with margin down 1.2 p.p. due to lower volumes and cost pressures.

• Net income was R$ 23.1 million, representing an 81% decline year-over-year, with net margin at 0.7%.

• ROIC for the last 12 months was 8.7%, down 0.8 p.p. year-over-year, impacted by higher invested capital and non-recurring expenses.

• Market value declined 35% year-over-year, reflecting sector-wide pressures, but share liquidity improved, returning to EBX-100 index.

Outlook and guidance

• Macroeconomic environment remains challenging, with expectations of continued low demand in trucks, trailers, and agribusiness into 2026.

• Anticipated record harvest and potential interest rate decreases could trigger future demand recovery.

• Profitability levels achieved in Q3 are expected to be sustainable if current volumes persist; operational leverage will benefit margins when demand recovers.

• Focus on operational improvements, integration, and synergy capture from recent acquisitions.

• 2025 guidance: net revenue R$ 12–14 billion, international revenues US$ 800–850 million, adjusted EBITDA margin 9.9–14%, investments R$ 400–850 million.