Sequoia Logística e Transportes (SEQL3) investor relations material

Executive summary

• Major restructuring and deleveraging efforts included agreements with creditors, workforce reductions, and a shift toward cash-generating segments, especially card delivery (Flash Courier) and B2B logistics.

• Flash Courier became the main revenue and cash generator, holding over 60% market share in card delivery and serving major financial institutions.

• Significant reduction in administrative overhead and headcount, aligning costs with the new business focus.

• Control shifted to JiveMauá-managed funds after the 13th debenture issuance in February 2026.

• Divestment from B2C and indoor logistics segments, with resource reallocation to core operations.

Financial highlights

• Net revenue for 3Q25 was R$152.4 million, down 39.1% year-over-year; 9M25 net revenue was R$463.6 million, down 39.8%.

• Gross profit for 3Q25 was R$10.7 million (margin 7.0%), down 71% year-over-year; 9M25 gross profit was R$30.6 million (margin 6.6%).

• EBITDA for 9M25 benefited from R$175.4 million in non-recurring gains from restructuring and creditor agreements.

• EBITDA margin for 3Q25 was 10.1%, up 61.8 p.p. year-over-year due to restructuring gains.

• Net accounting loss for 3Q25 was R$105.0 million, a 63.7% improvement year-over-year.

Outlook and guidance

• Strategic focus for 2026 is on expanding card delivery and B2B logistics, leveraging Flash Courier’s market leadership.

• Continued exit from B2C and indoor logistics to improve margins and cash flow.

• Plans to monetize e-commerce logistics assets, such as the Mega Sorter Damon.