Eve Holding, Inc. · NYSE:EVEX
Eve — Q4 2025 Earnings Presentation
12 slides from Eve's earnings presentation, Mar 17, 2026
Slide 1: 4Q25 & FY2025 Update
4 Q 2 5 & F Y 2 0 2 5 U P DAT E March 16, 2026 This information belongs to Eve and cannot be used or reproduced without written permission from the Company.
Slide 2: Latest Product Development Achievements
LATEST PRODUCT DEVELOPMENT ACHIEVEMENTS Full-Scale Prototype 1st Flight on Dec.19, ‘25 • Successful ground/communication/integration tests • Successful Pusher & Lifter motors tests and installation • First flight at 15 feet; airborne for 1 minute Flight Campaign Intensifying • Initial hover flights
Slide 3: Full-Scale Prototype 1st Flight
FULL-SCALE PROTOTYPE 1st FLIGHT D e c . 1 9 th, 2 0 2 5 Uncrewed, full-scale aircraft Validate architecture, fly-by-wire Similar configuration & systems and propulsion Capture of high-fidelity data of Eve-100 Initiated flight tests; Lifters only Knowledge gain for certification This information belo
Slide 4: Prototype Flight Campaign
PROTOTYPE FLIGHT CAMPAIGN Total Flights: 28 28 1:12 Total Flight Time: 1 hour 06 minutes 26 24 22 0:57 20 19 18 17 16 0:43 15 13 8 9 10 11 0:28 28 4 5 6 0:14 TOTAL FLIGHTS 3 2 1 Christmas / New Year's break 0:00 FLIGHT #7 19-Dec-25 29-Dec-25 08-Jan-26 18-Jan-26 28-Jan-26 07-Feb-26 17-Feb-26 Jan. 22,
Slide 5: Prototype 2026 Flight Campaign
PROTOTYPE 2026 FLIGHT CAMPAIGN 300+ Flights Planned 1st Flight Dec. Early Mid Late 2025 2026 2026 2026 Hover & Low Speed Flights Transition Flights Cruise Flights Consolidated Assessment Lifters Only Lifters + Pusher Pusher Only All Phases • IGE - In ground effect • Lifter & Pusher synchronization •
Slide 6: Suppliers Engaged for Conforming Vehicle
SUPPLIERS ENGAGED FOR CONFORMING VEHICLE THERMOPLASTIC EMPENNAGE CARBON PYLON TOOLING COMPOSITES TOOLING 4 BLADES FOLDABLE WING MAIN BOX TOOLING PROPELLERS DOORS PROPELLER MECHANISM FINAL REVIEW OF CRITICAL COMPONENTS OF CONFORMING VEHICLE IN 2026 This information belongs to Eve and cannot be used o
Slide 7: AirX Signs Firm Order for Two eVTOL
AIRX SIGNS FIRM ORDER FOR TWO eVTOL AirX OPERATIONS 2 binding +30K + 48 options Sightseeing seats/Year +10 15 min. Cities covered by Average trip time AirX’s partner AOCs This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 7
Slide 8: Eve's Potential Backlog
EVE’S POTENTIAL BACKLOG Eve eVTOL Eve TechCare Eve Vector Designed to ensure safety, The ultimate all-in-one Eve's unique Urban Air Traffic accessibility, and comfort service portfolio for eVTOLs Management software solution Customers Customers 27 Customers in 9 countries 14 and partners in 8 countr
Slide 9: $641 Million Current Liquidity
$641 MILLION CURRENT LIQUIDITY 2025 Total Cash Consumption of $175mn* Syndicated loan 4Q25 Pro-forma liquidity of $641mn Undrawn BNDES credit lines Syndicated loan of $150mn, Jan. ’26 ($100mn net loan, incl. $50mn existing loan refinance) Cash Dual listing in the US and Brazil 2026 TOTAL EXPECTED CA
Slide 10: Financial Performance
FINANCIAL PERFORMANCE USD millions 4Q25 4Q24 FY25 FY24 INCOME STATEMENT Research & Development (R&D) (59.4) (33.7) (194.7) (129.8) Selling, General & Administrative (SG&A) (7.6) (6.2) (30.7) (26.5) Interest Income / Other Non-Operating Expenses, net 3.0 (1.7) 2.1 18.7 Net Earnings / (Loss) (63.9) (4
Slide 11: This information belongs to Eve and cannot be used or reproduced without written permission
This information belongs to Eve and cannot be used or reproduced without written permission from the Company.
Slide 12: Disclaimer
Disclaimer The information contained herein has been prepared by Eve Holding, Inc. (the "Company") for informational purposes only. No representation or warranty, express or implied, is made regarding the accuracy or completeness of the information contained herein. This disclaimer applies to this d