Rumo Sa · BMFBOVESPA:RAIL3
Rumo Sa — Q4 2025 Earnings Presentation
15 slides from Rumo Sa's earnings presentation, Mar 5, 2026
Slide 1: Earnings Conference Call 4Q25
Earnings Conference Call 4Q25 March 05th, 2026
Slide 2: Disclaimer
DISCLAIMER This presentation may contain certain affirmations and statements that express beliefs and trends related to Rumo S.A. (“Rumo“ or “Company”) and its subsidiaries, reflecting current views and/or expectations of Rumo and its management concerning its businesses and future events, which, al
Slide 3: Highlights 4Q25
HIGHLIGHTS 4Q25 Transported Volume Northern Operation Southern Operation Fixed Costs and Expenses (bln RTK) (bln RTK) (bln RTK) (BRL/’000 RTK) 4Q25 22.9 (+15%) 4Q25 18.5 (+14%) 4Q25 3.2 (+25%) 4Q25 33.1 (-11%) 2025 84.2 (+5%) 2025 68.2 (+7%) 2025 11.8 (-2%) 2025 32.7 (-6%) Energy Efficiency EBITDA L
Slide 4: Grains Market Share (Soybean, corn and soybean meal)
GRAINS MARKET SHARE (Soybean, corn and soybean meal) Mato Grosso Goiás (MT) +1 p.p. -11 p.p. (GO) +6 p.p. +9 p.p. -5 p.p. +3 p.p. 59% 48% 46% 40% 41% 36% 29% 25% 28% 19% 4Q24 4Q25 2023 2024 2025 4Q24 4Q25 2023 2024 2025 Santos Port Portos de Paranaguá (PR) and São Francisco do Sul (SC) (SP) -13 p.p.
Slide 5: Grains Market Share
GRAINS MARKET SHARE SOY + SOYBEAN MEAL + CORN SOY + SOYBEAN MEAL CORN Mato Grosso (MT) and Goiás (GO) Mato Grosso (MT) and Goiás (GO) Mato Grosso (MT) and Goiás (GO) 41% 38% 36% 120 50% 42% 100 100 41% 38% 38% 37% 34% 90 86.8 100 30% 85.0 90 80 75.1 80 70 55.9 52.9 80 10% 70 56.6 51.7 60 44.2 60 60
Slide 6: Operational Indicators
OPERATIONAL INDICATORS North Operation Transit Time (hours) +2% -13% 83 85 97 87 83 85 2022 2023 2024 2025 4Q24 4Q25 Dwell Time in Santos (hours) +2.5% - 16.2 16.6 16.5 16.6 16.0 16.5 2022 2023 2024 2025 4Q24 4Q25 Consolidated Diesel Consumption (liters/ '000 GTK) -2% -1.5% 3.39 3.33 3.37 3.45 3.41
Slide 7: Operational Results
OPERATIONAL RESULTS Volumes (Bln RTK) 2.3 0.6 0.02 22.9 19.9 Consolidated 4Q24 North Operation South Operation Container Consolidated 4Q25 North Operation (Bln RTK) South Operation (Bln RTK) 16% 36% 13.2 11.4 1.9 20% 1.4 - 0.8 -5% 17% 6% 26% 0.7 34% 8% -19% 4% 1.7 1.7 1.2 1.3 1.2 1.5 0.16 0.18 0.20
Slide 8: Revenue and Yields
REVENUE AND YIELDS Consolidated 169 159 152 152 5.0 00 20 0 125 4.5 00 4.0 00 15 0 3,819 3.5 00 3,463 3,711 3,350 3.0 00 10 0 2,967 2.5 00 2.0 00 50 1.5 00 1.0 00 0 50 0 0 -50 4Q24 1Q25 2Q25 3Q25 4Q25 Net Revenue (BRL Mln) Yields (BRL /RTK*1000) North Operation South Operation 166 182 157 149 149 16
Slide 9: EBITDA
EBITDA Consolidated EBITDA North Operation1 (BRL Mln) (BRL Mln) +0.4% +8% 1,533 126 1,539 128 1,793 6 1,667 6 -126 -8 EBITDA 4Q24 Contribution Margin FC + SG&A Others EBITDA 4Q25 South Operation1 (BRL Mln) +162% 109 207 34 EBITDA 4Q24 North Operation South Operation Conteiners EBITDA 4Q25 79 -15 EBI
Slide 10: Financial Result and Net Income
FINANCIAL RESULT AND NET INCOME Financial Result Adjusted Net Income1 14.48% 14.90% 14.90% (BRL Mln) (BRL Mln) 12.95% 11.14% 837 731 733 768 735 721 698 221 92 238 178 397 441 616 629 530 520 206 188 338 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 Cost of Net Debt Other Expenses CDI in the per
Slide 11: Indebtedness
INDEBTEDNESS Net Debt Debt Amortization Schedule (BRL Mln) (BRL Mln) 16,952 1.9x 1.9x 15,522 14,922 +4% 7,566 4,451 1,157 527 3Q25 4Q25 Cash 2026 2027 2028 2029+ Net Debt Financial Leverage 11
Slide 12: Investments
INVESTMENTS Recurring CAPEX Expansion CAPEX (BRL Mln) (BRL Mln) -44% 1,399 973 -4% 848 627 513 490 551 346 4Q24 4Q25 4Q24 4Q25 Rumo’s Mato Grosso Extension Other Expansion Projects 12
Slide 13: Soybean Market Outlook
SOYBEAN MARKET OUTLOOK Supply and Demand Supply and Demand Brazil MT 183 52 172 51 160 158 46 4 4 5 41 4 115 108 102 99 32 33 29 25 59 60 63 66 12 13 14 14 9 9 12 13 1 1 1 2 22/23 23/24 24/25 25/26 22/23 23/24 24/25 25/26 Consumption Exports Production Inventory EoP Consumption Exports Transfers Pro
Slide 14: Corn Market Outlook
CORN MARKET OUTLOOK Supply and Demand Supply and Demand Brazil MT 60 59 147 146 55 137 51 126 13 43 8 9 14 41 56 40 24 30 27 23 104 86 94 80 18 21 46 47 14 16 34 35 18 19 14 13 22/23 23/24 24/25 25/26 22/23 23/24 24/25 25/26 Consumption Exports Production Inventory EoP Consumption Exports Transfers
Slide 15: Investor Relations
Investor Relations For Contact IR@rumolog.com