WEG – Earning release 4Q 2025

Improved operating margins in a restrictive environment for revenue growth

Highlights 

• Net Operating Revenue (NOR) was R$ 10,246.8 million in 4Q25, 5.3% lower than 4Q24 and 0.2% lower than 3Q25.
• EBITDA(1) reached R$ 2,292.0 million, 4.0% lower than 4Q24 and 0.7% higher than 3Q25, while EBITDA margin was 22.4%, 30 bps higher than 4Q24 and 20 bps higher than the previous quarter.
• Return on Invested Capital (ROIC) reached 32.5% in 4Q25, down 170 bps from 4Q24 and up 10 bps from 3Q25.

Message from Management 

We delivered a healthy performance in operating margins and return on invested capital this quarter, reflecting the good performance of long-cycle businesses, along with the maintenance of operational efficiency. 

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