Financials EMBRAER S.A.

Equities

EMBR3

BREMBRACNOR4

Aerospace & Defense

Market Closed - Sao Paulo Other stock markets 01:37:46 12/07/2025 am IST			5-day change	1st Jan Change
74.30 ^BRL	+10.85%		-11.01%	+32.23%

11/07	Trump says he will speak to Lula at some point as Brazil downplays tariff impact	RE
11/07	US private jet buyer backs record Embraer deal as tariff turmoil hits Brazil planemaker	RE

Projected Income Statement: EMBRAER S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,771	4,197	4,540	5,226	6,071	7,362	8,358	9,002
Change	-	11.3%	8.18%	15.1%	16.17%	21.26%	13.53%	7.7%
EBITDA ¹	82.1	396.8	458.9	552.2	883.3	825.3	1,007	1,129
Change	-	383.31%	15.65%	20.33%	59.96%	-6.57%	21.98%	12.15%
EBIT ¹	-323.4	201.3	270.3	341.1	683.9	579.6	733.7	857.8
Change	-	162.24%	34.28%	26.21%	100.46%	-15.25%	26.59%	16.92%
Interest Paid ¹	-232.7	-199.4	-210.7	-193.3	-104.4	-151	-61.8	-48.5
Earnings before Tax (EBT) ¹	-635.2	27.4	-205.8	111.9	532.8	415.6	664.9	809.6
Change	-	104.31%	-851.09%	154.36%	376.32%	-22%	59.99%	21.76%
Net income ¹	-731.9	-44.7	-185.4	156.8	328.9	377.1	512.4	622.3
Change	-	93.89%	-314.77%	184.6%	109.68%	14.68%	35.86%	21.46%
Announcement Date	19/03/21	09/03/22	10/03/23	18/03/24	27/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	537.2	758.7	1,841	807.3	1,130	958.1	1,301	600.9	1,019	929	1,992	716.7	1,292	1,284	1,947	897	1,494	1,692	2,356	1,103	1,711	1,917	2,603
Change	-	41.23%	142.7%	-56.16%	40.03%	-15.25%	35.82%	-53.82%	69.56%	-8.82%	114.38%	-64.01%	80.31%	-0.61%	51.61%	-53.94%	66.58%	13.26%	39.18%	-53.17%	55.13%	12.06%	35.77%
EBITDA ¹	-120.4	-8.2	145.6	18	160.7	79.2	111.4	13.2	124.6	92.9	228.2	10.3	148.9	149.3	249	46.17	190.4	356.6	333.8	108.6	194.9	236.9	288
Change	-	93.19%	1,875.61%	-87.64%	792.78%	-50.72%	40.66%	-88.15%	843.94%	-25.44%	145.64%	-95.49%	1,345.63%	0.27%	66.79%	-81.46%	312.35%	87.29%	-6.38%	-67.47%	79.48%	21.54%	21.55%
EBIT ¹	-140.5	-45.3	103.6	-29.6	104.7	35.7	60.6	-36.3	66.7	49.9	166.2	-31.6	99.9	100.1	178.1	6.678	138.8	297.5	271	62	127.3	170.7	239
Change	-	67.76%	328.7%	-128.57%	453.72%	-65.9%	69.75%	-159.9%	283.75%	-25.19%	233.07%	-119.01%	416.14%	0.2%	77.88%	-96.25%	1,978.43%	114.34%	-8.9%	-77.12%	105.34%	34.07%	40.04%
Charge d'intérêts ¹	-37.4	-94.6	-64.61	-75.4	-65.5	-51.7	-6.8	-65.6	-38	-84.3	-52.14	-82.4	-76.9	-20.6	-42.88	24.15	-24.4	-24.8	-103.3	-65.6	-20	-20	-21
Earnings before Tax (EBT) ¹	-390.2	-148.6	11.4	-88.9	-	-25	57.7	-81	-	-46.1	99.4	-103.2	-0.8	-	163.6	32.51	111.4	244	83.21	-24.1	113.6	143.1	211.8
Change	-	61.92%	107.67%	-879.82%	-	-	330.8%	-240.38%	-	-	315.62%	-203.82%	99.22%	-	-	-80.13%	242.67%	119.03%	-65.9%	-128.96%	571.37%	25.97%	47.98%
Net income ¹	-315.3	-121.2	-3.3	-89.7	87.9	-45	2.1	-31.7	74.2	-30.2	22.9	-70.8	-18.8	61	188.9	28.21	99.4	178.8	45.21	73.4	81.13	105.7	130.9
Change	-	61.56%	97.28%	-2,618.18%	197.99%	-151.19%	104.67%	-1,609.52%	334.07%	-140.7%	175.83%	-409.17%	73.45%	424.47%	209.62%	-85.06%	252.3%	79.88%	-74.71%	62.34%	10.53%	30.31%	23.79%
Announcement Date	05/08/20	10/11/20	19/03/21	29/04/21	13/08/21	05/11/21	09/03/22	28/04/22	04/08/22	14/11/22	10/03/23	04/05/23	14/08/23	06/11/23	18/03/24	07/05/24	08/08/24	08/11/24	27/02/25	06/05/25	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: EMBRAER S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,696	1,392	1,457	1,353	1,040	-85.8	-411	-688
Change	-	-17.92%	4.67%	-7.14%	-23.13%	-108.25%	-379.02%	-67.4%
Announcement Date	19/03/21	09/03/22	10/03/23	18/03/24	27/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: EMBRAER S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	102.3	101.7	136.2	238.7	200.4	377.6	398.7	405.2
Change	-	-0.59%	33.92%	75.27%	-16.05%	88.44%	5.57%	1.64%
Free Cash Flow (FCF) ¹	-1,393	247.1	615.1	378.3	670.9	323.5	306.2	502.2
Change	-	117.74%	148.93%	-38.5%	77.35%	-51.78%	-5.33%	64%
Announcement Date	19/03/21	09/03/22	10/03/23	18/03/24	27/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: EMBRAER S.A.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	2.18%	9.45%	10.11%	10.57%	14.55%	11.21%	12.04%	12.54%
EBIT Margin (%)	-8.58%	4.8%	5.95%	6.53%	11.26%	7.87%	8.78%	9.53%
EBT Margin (%)	-16.84%	0.65%	-4.53%	2.14%	8.78%	5.65%	7.96%	8.99%
Net margin (%)	-19.41%	-1.06%	-4.08%	3%	5.42%	5.12%	6.13%	6.91%
FCF margin (%)	-36.93%	5.89%	13.55%	7.24%	11.05%	4.39%	3.66%	5.58%
FCF / Net Income (%)	190.26%	-552.8%	-331.77%	241.19%	204%	85.78%	59.77%	80.7%
Profitability
ROA	-6.93%	-0.43%	0.38%	1.57%	4.08%	3.74%	5.29%	6.53%
ROE	-23.07%	-1.57%	1.47%	6.14%	15.75%	10.51%	14.01%	15.42%
Financial Health
Leverage (Debt/EBITDA)	20.65x	3.51x	3.18x	2.45x	1.18x	-	-	-
Debt / Free cash flow	-1.22x	5.63x	2.37x	3.58x	1.55x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.71%	2.42%	3%	4.57%	3.3%	5.13%	4.77%	4.5%
CAPEX / EBITDA (%)	124.6%	25.63%	29.68%	43.23%	22.69%	45.76%	39.6%	35.89%
CAPEX / FCF (%)	-7.35%	41.16%	22.14%	63.1%	29.87%	116.73%	130.17%	80.67%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	0.303	0.3296	0.4034
Change	-	-	-	-	-	-	8.77%	22.39%
Book Value Per Share ¹	-	3.777	3.495	3.793	4.187	4.655	5.264	6.036
Change	-	-	-7.47%	8.53%	10.38%	11.18%	13.09%	14.66%
EPS ¹	-	-0.0608	-0.2524	0.2135	0.4477	0.5593	0.751	0.9609
Change	-	-	-315.1%	184.6%	109.67%	24.94%	34.27%	27.95%
Nbr of stocks (in thousands)	-	7,34,633	7,34,633	7,34,633	7,34,633	7,33,566	7,33,566	7,33,566
Announcement Date	-	09/03/22	10/03/23	18/03/24	27/02/25	-	-	-