On November 6, 2025, we released our third-quarter 2025 results.

We closed the period with an impressive R$ 604.3 million in new contracts across multiple business segments.

In September, we also completed a capital increase of R$ 150 million, enabling a strategic move for the company: the acquisition of 60% of SEMEP’s share capital.

Finalized in October, this acquisition marks the creation of our new business unit, Mining Operations, perfectly aligned with our established presence in the mining sector — sharing the same clients, geography, and complementary services.

Key highlights:

• Capital increase completed in September, totaling R$ 150 million;
• Acquisition of 60% of SEMEP’s share capital, completed in October after CADE and EGM approval;
• New contracts signed: R$ 604.3 million across multiple segments;
• Net Revenue: R$ 359.1 million (-8.5% vs 3Q24 | -0.8% vs 2Q25);
• EBITDA: R$ 42.6 million, margin of 11.9% (-26.8% vs 3Q24 | +6.4% vs 2Q25);
• Operating Income: R$ 23.9 million, margin of 6.7% (-46.9% vs 3Q24 | +11.1% vs 2Q25);
• Net Income: R$ 3.1 million, margin of 0.3% (-85.3% vs 3Q24 | +502.4% vs 2Q25);
• ROIC: 12.6% (effective tax rate).

Click here to access the full earnings release.