Motiva S.A. Reports 30% EBITDA Surge in Second Quarter

The company’s financial performance benefited significantly from the integration of the Minas_SP (Fernão Dias) operation, which contributed R$ 370 million to the quarterly results. Strategic adjustments further bolstered the balance sheet, including a R$ 75 million credit recognized through the 26th Amendment to the Renovias concession agreement and a 15-year term extension for Minas_SP secured in May.

Operational efficiency improved as well, with the adjusted EBITDA margin climbing to 65.3% from 60.6% in the same period last year. Excluding the airports platform, cash operating expenses relative to adjusted net revenue fell to 34.1%. While net debt remained steady at 3.7x adjusted EBITDA, the company saw a substantial rise in volume, with toll road traffic reaching 363 million equivalent vehicles and rail passenger numbers hitting 192.3 million.