WEG (WEGE3) investor relations material

Executive summary

• 3Q26 net operating revenue was R$10,860.8 million, up 5.7% YoY and 7.1% QoQ; external markets reached a record 62.5% of revenue.

• Growth was supported by external demand and Brazilian long-cycle project deliveries, despite softer domestic demand and real appreciation.

Financial highlights

• EBITDA was R$2,345.2 million, up 3.1% YoY; net income attributable to controlling shareholders was R$1,665.2 million, up 0.9%.

• 9M26 revenue declined 0.3% YoY to R$30,472.7 million; net income fell 2.2% to R$4,681.0 million and EBITDA fell 0.7% to R$6,660.6 million.

• Adjusted for acquired businesses, quarterly revenue grew 5.6% YoY; external-market revenue grew 13.4% in weighted local currencies.

Outlook and guidance

• Capacity expansion and operational efficiency remain priorities; healthy EEI long-cycle order intake supports the backlog for coming quarters.

• T&D growth is expected to benefit from new capacity; Mexico and Colombia plants are expected to begin operations in Q1 2027.

• Raw-material cost pressures may weigh on margins; productivity and commercial adjustments to pass through cost increases are planned mitigants.