Grupo Vamos (VAMO3) investor relations material

Executive summary

• Q3 net income reached R$150.9M, up 199.1% YoY, while EBITDA hit a record R$1,035.5M; net leverage declined to 2.93x, below 3.0x year-end guidance.

• Fleet utilization improved and inventory declined as contract extensions, leasing and Sempre Novo increased reuse of assets and reduced the need for fleet purchases.

Financial highlights

• Consolidated net revenue was R$1,594.246M, up 4.3% YoY; 9M26 revenue reached R$4,778.841M, up 11.8%.

• Q3 EBITDA was R$1,035.5M, up 15.7% YoY; EBIT was R$687M, up 10.4%.

• Net income was R$150.909M versus R$50.447M in Q3 2025; 9M26 net income reached R$338.615M, up 34.9%.

• Net financial expenses fell 14.7% YoY to R$479.8M; lower IPCA-linked TLP, base interest rates and the capital increase contributed to the improvement.

• 9M operating cash generated was R$1,763.206M; rental-fleet asset purchases were R$1,686.072M.

Outlook and guidance

• Contract extensions reached R$970.1M in 9M26, exceeding the R$900M full-year upper guidance; 57% of contracts ending through September were extended.

• Net leverage reached 2.93x in September, below the 3.0x December 2026 guidance; leasing guidance was reiterated.

• Higher Sempre Novo deployment was expected as assets completed preparation; 9M deployment had reached 87% of the full-year guidance midpoint.

• New-asset inventory was expected to rise through year-end; management said depreciation could slightly exceed guidance but was not concerned about meeting full-year guidance.