A Road announced this Wednesday (23) net profit R $ 1.59 billion in the second quarter, 10.4% growth over a year before, but below the expected market.
The manufacturer of electric motors and industrial electronic devices had operating results measured by EBITDA (profit before interest, taxes, depreciation and amortization) of R $ 2.26 billion, up 6.5% in the annual comparison.
Projections compiled by LSEG pointed to net income of R $ 1.76 billion and EBITDA of R $ 2.49 billion.
The company had net revenue of nearly R $ 10.21 billion from April at the end of June, 10.1% growth over the same period of 2024, also below the R $ 11.16 billion expected by the market, as estimated by LSEG.
The growth was led by the foreign market, which registered a 17.3% expansion compared to last year, to R $ 6.03 billion.
The Brazilian multinational, whose products from vehicles and factories to wind power generators, gave no details on possible effects of the tariffs announced by US President Donald Trump, who are expected to take effect from August 1.
North America’s revenue accounted for 48% of the total amount of the foreign market.
Since the beginning of the year, the group’s shares have fallen about 20%, reflecting uncertainties caused by the announcement of tariffs.
Return on invested capital reached 32.9%, a reduction of 4.5 percentage points compared to the second quarter of last year and a reduction of 0.3 percentage point compared to the first three months of 2025.
The second quarter performance arrives after the company announced on Tuesday the approval of payment of intermediate dividends in the amount of R $ 719.35 million.
