WEG – Earning release 3Q 2025

Solid operating margins and return on invested capital

• Net Operating Revenue (NOR) was R$ 10,271.5 million in 3Q25, 4.2% higher than 3Q24 and 0.6% higher than 2Q25.
• EBITDA(1) reached R$ 2,275.5 million, 2.3% higher than 3Q24 and 0.7% higher than 2Q25, while EBITDA margin was 22.2%, 40 bps lower than 3Q24 and 10 bps higher than the previous quarter.
• Return on Invested Capital (ROIC) reached 32.4% in 3Q25, down 470 bps from 3Q24 and down 50 bps from 2Q25.

Message from Management

Even in an environment marked by geopolitical uncertainties and volatility in domestic and international trade, we delivered another quarter with healthy operating margins. Despite the challenging moment for growth acceleration, we continue to observe good demand in traditional businesses and opportunities in the grid infrastructure.

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