Randon SA Implementos e Participações (RAPT4) investor relations material

Executive summary

• Navigated a challenging environment with high interest rates, political adversity, and tariff wars, impacting commercial vehicles and related segments.

• CEO transition occurred with Daniel Randon assuming the role as of September 1, 2025, emphasizing operational focus and strategic resilience.

• Profitability recovered due to cost control, structural adjustments, and strict expense management, with leverage reduced through capital market fundraising and lower working capital needs.

• Continued investments in leadership, technology, sustainability, and ESG initiatives, including COP30 participation, international certifications, and new energy infrastructure.

• Achieved recognition through multiple awards and re-entry into the IBRX100 index, reflecting strong governance and market trust.

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 domestic 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.

• Free cash flow improved due to lower investments and working capital optimization.

Outlook and guidance

• Cautious outlook for the remainder of 2025 and into 2026, with expectations of continued market softness, especially in trailers and agribusiness.

• 2025 guidance: net revenue between R$ 12–14 billion, EBITDA margin 9.9–14%, and investments of R$ 400–850 million.

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

• Working capital reductions are expected to continue into the fourth quarter and early next year, aiming for pre-acquisition cash cycle levels.

• CAPEX will remain disciplined in 2025 and 2026, with guidance to be published later.