Tegma Gestão Logística (TGMA3) investor relations material

Executive summary

• Net revenue in Q1 2026 reached BRL 521.3 million, up 18.4% year-over-year, driven by strong performance in Automotive Logistics and increased vehicle transport volumes and distance.

• EBITDA grew 7.7% year-over-year to BRL 74.2 million, but margin declined due to weaker automotive division results, reduced yard management revenue, and higher costs.

• Net income fell 11.3% to BRL 38.8 million, impacted by higher financial expenses, reduced equity income, and lower operating margin.

• Free cash flow was BRL 71.2 million, lower than last year due to higher CapEx and lower net income.

• Included for the first time in B3's Corporate Sustainability Index (ISE B3), reflecting ESG commitment.

Financial highlights

• Automotive Logistics net revenue rose 22% year-over-year to BRL 480 million, with a 59% increase in Fastline operations.

• EBITDA margin for Automotive Logistics was 13.7%, down 1.6–1.7 percentage points year-over-year.

• Integrated Logistics net revenue dropped 10% year-over-year to BRL 41 million, while EBITDA margin improved by 2.8 percentage points due to lower expenses and non-recurring revenue.

• GDL net revenue fell 21% year-over-year to BRL 53 million, with net income down 77% and net margin at 5.8%.

• Gross margin fell to 16.1%, down 3.1 percentage points year-over-year, mainly due to reduced yard operations revenue and delayed diesel price pass-through.

Outlook and guidance

• Full utilization of GDL facilities expected in Q2 and Q3 2026 due to anticipated peak in vehicle imports before import tax increases.

• Management expressed confidence for Q2 2026, citing positive automotive market trends, but highlighted ongoing uncertainties from global supply chain disruptions and geopolitical risks.

• Yard capacity investments are expected to accommodate increased vehicle imports until mid-2026.

• Forward-looking statements are subject to significant risks and uncertainties.