Slide 1: Earnings Conference Call 3Q25
Earnings Conference Call 3Q25 November 17th, 2025
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 3Q25
HIGHLIGHTS 3Q25 Transported Volume North Operation South Operation Fixed Costs and Expenses (bln RTK) (bln RTK) (bln RTK) (BRL/’000 RTK) 23.4 18.7 3.6 R$ 28 (+8% vs 3Q24) (+7% vs 3Q24) (+15% vs 3Q24) (-12% vs 3Q24) Energy Efficiency EBITDA Leverage Capex (Liters/’000 GTK) Adjusted1 (BRL mln) Net Deb
Slide 4: Grains Market Share
GRAINS MARKET SHARE (Soybean, corn and soybean meal) Mato Grosso Goiás (MT) -6 p.p. (GO) 0 p.p. 28% 28% 43% 37% 3Q24 3Q25 3Q24 3Q25 Santos Port Paranaguá (PR) and São Francisco do Sul (SC) Ports (SP) -4 p.p. +1 p.p. 61% 57% 26% 27% 3Q24 3Q25 3Q24 3Q25 4
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) 035 40% 50% 34% 35% 42% 25 38% 36% 35% 34% 28% 030 30% 24.7 24.1 20 20 16.1 21.3 025 14.3 10% 020 15 15 13.0 11.0 16.2 -10% 15.6 8.5 1
Slide 6: Operational Indicators
OPERATIONAL INDICATORS North Operation Transit Time (hours) +3% -14% 80 83 97 87 83 84 2022 2023 2024 LTM 3Q24 3Q25 Dwell Time in Santos (hours) +7% 0% 16.1 17.2 16.5 16.6 16.0 16.5 2022 2023 2024 LTM 3Q24 3Q25 Consolidated Diesel Consumption (liters/ '000 GTK) -2% -2% 3.34 3.29 3.37 3.45 3.41 3.29
Slide 7: Operational Results
OPERATIONAL RESULTS Volumes (Bln RTK) 1.2 0.5 0.1 23.4 21.7 Consolidated 3Q24 North Operation South Operation Container Consolidated 3Q25 North Operation (Bln RTK) South Operation (Bln RTK) -3% 29% 13.2 12.9 2.3 1.8 -13% 13% 0.9 0.8 62% 21% 11% -6% 10% 100% 21% 11% 1.4 1.6 1.3 1.4 1.7 0.19 0.21 0.3
Slide 8: Revenue and Yields
REVENUE AND YIELDS Consolidated 163 169 159 152 152 5.0 00 20 0 4.5 00 4.0 00 15 0 3,819 3.5 00 3.0 00 3,752 3,463 3,711 10 0 2,967 2.5 00 2.0 00 50 1.5 00 1.0 00 0 50 0 0 -50 3Q24 4Q24 1Q25 2Q25 3Q25 Net Revenue (BRL Mln) Yields (BRL /RTK*1000) North Operation South Operation 160 166 177 182 157 14
Slide 9: EBITDA
EBITDA Consolidated EBITDA North Operation1 (BRL Mln) (BRL Mln) -3% +4% 1,972 34 20 1,920 119 32 2,313 -106 2,214 -52 EBITDA 3Q24 Contribution Margin FC + SG&A Others EBITDA 3Q25 South Operation1 (BRL Mln) +56% 115 329 210 9 -4 EBITDA 3Q24 North Operation South Operation Conteiners EBITDA 3Q25 EBITD
Slide 10: Financial Result and Net Income
FINANCIAL RESULT AND NET INCOME Financial Result Adjusted Net Income1 14.48% 14.90% (BRL Mln) (BRL Mln) 12.95% 11.14% 837 10.43% 768 794 735 698 731 733 221 575 238 178 397 226 616 530 520 206 188 349 338 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Cost of Net Debt Other Expenses CDI in the pe
Slide 11: Indebtedness
INDEBTEDNESS Net Debt Debt Amortization Schedule (BRL Mln) (BRL Mln) 15,968 1.9x 1.8x 14,922 14,202 +5% 7,203 4,346 1,136 152 523 2Q25 3Q25 Cash 2025 2026 2027 2028 2029+ Net Debt Financial Leverage 11
Slide 12: Investments
INVESTMENTS Recurring CAPEX Expansion CAPEX (BRL Mln) (BRL Mln) -4% 1,013 971 484 575 503 455 +10% 529 396 3Q24 3Q25 3Q24 3Q25 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 175 51 171 50 160 159 46 6 42 4 4 3 113 106 101 99 31 32 30 26 58 60 62 65 12 12 13 14 5 7 9 6 1 1 2 1 22/23 23/24 24/25 25/26 22/23 23/24 24/25 25/26 Consumption Exports Production Inventory EoP Consumption Exports Transfers Produ
Slide 14: Corn Market Outlook
CORN MARKET OUTLOOK Supply and Demand Supply and Demand Brazil MT 59 145 57 141 55 137 53 128 10 8 9 41 9 56 40 40 25 30 26 24 92 100 80 85 17 20 14 16 24 16 20 17 20 20 7 9 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 15: Investor Relations
Investor Relations For Contact IR@rumolog.com