Earnings release
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Second Quarter and First Half 2026 Results Release
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MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 2 HIGHLIGHTS Q2 2026 Earnings Conference Call Date August 13, 2026 Time 10:00 a.m. – Brasília 2:00 p.m. – London 9:00 a.m. – New York Key Figures Q2 2026 https://ri.mahle.com.br/ Conference call(Portuguese/English) Conference call (Portuguese/English) Event link Event link Mogi Guaçu, São Paulo, August 12, 2026 MAHLE Metal Leve S.A. (B3: LEVE3) a leading Brazilian automotive parts manufacturer and supplier, specializing in components for internal combustion engines, filtration systems, and thermal management systems, today announced its second quarter 2026 financial results. Unless otherwise indicated, the financial and operational information published herein is consolidated and in Brazilian real (BRL), in accordance with the Brazilian Corporate Law. EBIT Margin 18.4% Gross Margin 28.9% Adjusted EBITDA Margin 20.5% Net Margin 12.0% Net Sales Revenue ~2.6 billion in H1 2026 -1.8% vs. H1 2025, with growth in domestic OEM (+3.2%), partially offset by declines in OEM exports (-3.2%) and Aftermarket (-6.2%) (learn more) Operational Discipline Resilient Margins Operational discipline and business diversificationhave been a key pillar of the Company’s sustained profitability and results in the quarter. (learn more) Gold Seal Brazilian GHG Protocol Program MAHLE Metal Leve won the top tier recognition for its greenhouse gas emissions inventory. (learn more) Sustainable Mobility MAHLE Technology Center ESG award and strategic projects under the Brazilian government’s Rota 2030 Program accelerate decarbonizationand energy efficiency solutions. (learn more) Events and trade shows Agrishow 2026 MAHLE Metal Leve has participated in Agrishow 2026, one of the largest agricultural technology trade fairs in Latin America. (learn more)
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MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release CONTENTS 3 1. Management Commentary ...................................................................................................................................................................................4 2. About MAHLE Metal Leve ....................................................................................................................................................................................7 3. Development of the Automotive Industry: Brazil and Argentina, and major export markets of the Company..................................................8 4. Company’s Financial and Economic Performance ...........................................................................................................................................10 4.1 Net sales by market........................................................................ .........................................................................................................11 4.2 OEM sales .................................................... ............................................................................................................................................11 4.3 Aftermarket sales.........................................................................................................................................................................................12 4.4 Consolidated export by geographical market............................................................................................................................................13 4.5 Net revenue by segment and by product...................................................................................................................................................13 4.6 Operating performance ..............................................................................................................................................................................14 4.7 Operating result measured by EBITDA .....................................................................................................................................................14 4.8 Finance income and costs..........................................................................................................................................................................15 4.9 Income tax and social contribution ............................................................................................................................................................16 4.10 Capital expenditures...................................................................................................................................................................................16 4.11 Net financial position.......................................... .....................................................................................................................................17 4.12 Subsidiary MAHLE Argentina S.A. ..........................................................................................................................................................18 4.13 2024 Acquisitions ……………………………………………………...........................................................................................................18 4.14 Results versus the Impact of IAS 29 and Acquisitions Completed in 2024...........................................................................................19 4.15 Working capital requirement......................................................................................................................................................................20 4.16 Distribution of dividends and interest on capital to shareholders...........................................................................................................21 5. Investor Relations and Capital Market...............................................................................................................................................................21 6. Independent Auditors ..........................................................................................................................................................................................23 7. Executive Board’s Declaration............................................................................................................................................................................23 8. Acknowledgements..............................................................................................................................................................................................23 9. Appendices...........................................................................................................................................................................................................23 9.1 Balance sheet…………..…….......................................................................................................................................................................24 9.2 Statement of income……..….......................................................................................................................................................................25 9.3 Statement of cash flows...............................................................................................................................................................................26
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Despite market headwinds and revenue pressure this quarter, MAHLE Metal Leve (“MML” or the “Company”) showed again resilience and consistency of its business model, sustaining healthy operating margins and delivering solid results. This performance reflects highly effective management centered on efficiency, operational discipline and value creation, fueled by the Company’s operational diversification. MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4 1. Management Commentary By maintaining a strategic balance between the OEM and Aftermarket segments across domestic and export markets, the Company can withstand sector fluctuations and short-term volatility while maintaining profitability throughout market cycles. Backed by leading brands known for quality and technology, a robust financial position, and a highly skilled team, the Company is well-positioned to invest in innovative technologies and sustainable solutions, anticipating market trends and creating lasting value for its customers and shareholders while considering environmental and social impacts. One of the Company’s major competitive advantages is its continuous drive for excellence in technology and innovation, with the support of its Tech Center in Jundiaí, São Paulo, one of the largest and most advanced technology centers in Latin America. This facility allows the Company to develop components aligned with global trends and offer specialized services like engineering, testing and validation. The ability to deliver end-to-end solutions — from single components to integrated systems — makes the Company a strategic partner to its customers throughout their journey, promoting efficiency, fostering innovation, and building lasting relationships. The Company’s sales in the OEM and Aftermarket segments in the first half of 2026 were as follows: domestic OEM (+3.2%), OEM exports (-3.2%), and Aftermarket (-6.2%). Further information is provided in item 4.1 of this report. Aftermarket 35.9% Aftermarket 37.6% Domestic OEM 41.6% Domestic OEM 39.6% OEM exports 22.5% OEM exports 22.8% H1 2026 H1 2025 Technology and innovation In the second quarter of 2026, the Company started two projects funded via an alliance between Embrapii (Brazilian Enterprise for Research and Industrial Innovation) and SENAI (National Service for Industrial Training), reaffirming its commitment to developing decarbonization technologies and boosting national industry competitiveness. The second project ’High-Efficiency Ethanol Engine Using a Pre-Chamber’ aims to design, build and test dual-fuel engines optimized for ethanol, using advanced ignition systems to reduce fuel consumption and minimize engine knock on gasoline. Both projects bring together representatives from the entire automotive value chain, including automakers, component and system manufacturers, and raw material suppliers, to turn technology into products. The first project ’Graphene Hub’ aims to decarbonize the automotive industry by developing new graphene-based technologies, polymer nanocomposites, and recycled plastic upcycling to create lighter, sustainable, and multifunctional automotive components. Despite a challenging environment, MAHLE Metal Leve grew all profit margins (including this quarter) – gross margin, EBIT, EBITDA and net margin. This performance reflects strong operational efficiency, disciplined cost management, and sustained focus on value creation.
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MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 5 Still in the second quarter of 2026, the Company won the ESG Award from the Brazilian Automotive Engineering Association (AEA) in the sustainability and technological innovation category for developing a dual-fuel engine that runs simultaneously on ethanol and biomethane, reducing transport-related CO2 emissions and expanding the range of low-carbon mobility alternatives. This award highlights the importance of the Company’s R&D initiatives and role in creating ESG-aligned technological solutions that fuel the transition toward a sustainable transport matrix within the automotive industry. From April 27 to May 1, 2026, MAHLE Metal Leve participated in Agrishow 2026, one of the largest agricultural technology trade fairs in Latin America, to expand its off-road business segment, showcasing engine components, filters, and thermal management systems. The MAHLE brand, which already has a strong OEM and aftermarket presence, further solidified its leadership in mobility technologies and unlocked new growth opportunities across the off-road segment, including agricultural and construction machinery applications. Agrishow 2026 A highlight of the trade fair was the MAHLE Bio Ultra fuel filter, which was specifically engineered to handle diesel with high biodiesel content. It features superior contaminant distribution and higher dirt-holding capacity over its operating lifecycle compared to conventional filters. It is built to maximize service intervals under demanding off-road conditions. The key benefits of the new product include superior contaminant retention compared to conventional filters, extended service life, and reduced downtime, which are essential for agricultural applications demanding high equipment availability. The commercialization is scheduled for the second half this year. “Furthermore, participating in Agrishow has enhanced the Company’s reputation as a technology company committed to the development of the agribusiness by providing innovative solutions that help improve productivity, reliability and sustainability in field operations” said Evandro Tozati, the General Manager of MAHLE Aftermarket in South America. “This technology and others were developed at the MAHLE Technology Center in Jundiaí, State of São Paulo, which also serves as the MAHLE Group’s global competence hub for biofuels and biomaterials, reinforcing the Company’s unwavering commitment to innovation for accelerating sustainable mobility and enhancing operational efficiency.” Our Customers’ Recognition Being part of the global MAHLE Group grants the Company continuous access to advanced automotive technologies, constant knowledge exchange, and strategic customer collaborations to develop innovative solutions. This collaborative product development provides a distinct competitive advantage, driving high market penetration and strong customer loyalty. These strategic projects, called “Projetos Estruturantes do Programa Rota 2030”, are part of the Brazil’s Rota 2030 Program, which provides non-reimbursable funding covering 90% of project costs to stimulate local R&D investments in the development of high-impact sustainable mobility technologies.
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MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 6 The Company won the Gold Seal of the Brazilian GHG Protocol Program, the primary corporate greenhouse gas (GHG) accounting and reporting initiative in Brazil. The Gold Seal recognizes the Company’s commitment to transparency, data quality, and continuous climate management improvement. Recognition for Climate Transparency: Gold Seal of the Brazilian GHG Protocol Program This recognition demonstrates the Company’s successful management of risks and opportunities associated with climate change, strengthening governance practices, and helping investors and stakeholders make better decisions. Furthermore, the emissions inventory is a strategic tool to track carbon footprint and to guide long-term decarbonization policies. The Gold Seal of the Brazilian GHG Protocol Program represents the highest tier of recognition for corporate GHG emissions inventories, awarded for companies that publish a complete, comprehensive inventory verified by an independent, accredited organization. The GHG Protocol Program ensures the consistency, reliability, and transparency of GHG emissions data disclosed to the market and other stakeholders. Excellence in quality is one of the MAHLE Group’s core values and is at the heart of every stage of its processes. This commitment to quality drives customer trust and satisfaction through consistent performance. In this context, MAHLE Metal Leve has won important quality awards from business partners. These awards are the result of the Company’s successful operational strategy and a testament to the Company’s ongoing commitment to excellence, innovation, and value delivery. These accolades are the result of the unwavering dedication of the Company’s employees, collaborative partnerships with customers and suppliers, and a relentless pursuit of continuous improvement. The Company is committed to developing high-quality products and solutions that maintain its industry lead and bring value to everyone involved. GM do Brasil - Quality Excellence 2025 Honda do Brasil - Quality and Delivery Excellence 2025
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R&D, Aftermarket andServices: 1 Services in Mogi Guaçu, São Paulo State 6 Technology Center in Jundiaí, São Paulo State 7 DistributionCenter in Limeira, São Paulo State 8 DistributionCenter in Buenos Aires, Argentina 9 Sales Office in Panama City Production Locations: 1 Mogi Guaçu, São Paulo State 2 São Bernardo do Campo, São Paulo State 3 Jaguariúna, São Paulo State 4 Itajubá, Minas Gerais State 5 Rafaela, Argentina 7MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 9 7 1 6 2 3 4 5 8 2. About MAHLE Metal Leve The Technology Center in the city of Jundiai, State of São Paulo, is one of the largest and most well-equipped engine research and development centers in South America and serves as the MAHLE Group’s global competence hub for R&D in biofuels and biomaterials to support global decarbonization, as part of MAHLE’s internal combustion engine (ICE) strategy. Mahle Metal Leve (“MML”) is a Brazilian automotive parts company that manufactures and sells components for internal combustion engines, automotive filters and components for thermal management systems. MML manufactures high-quality, state-of-the-art products thanks to the continuous investments in research and development. Mahle Metal Leve has been operating in Brazil since the 1950s and has a large portfolio of products and integrated solutions, including custom products co-developed with its principal customers. MML operates in the OEM segment where it supplies vehicle manufacturers and in the Aftermarket segment where it supplies partners in trade, workshops and engine repair shops. MML’s products are manufactured and sold in Brazil and Argentina and exported to more than 60 countries to a diversified customer portfolio, including all car manufacturers in Brazil. MAHLE Metal Leve operates six production locations, two company-owned distribution centers, one sales office in Panama, and one Technology Center in the city of Jundiaí, as follows:
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Brazilian Market H1 2026 X H1 2025 Vehicles (thousands) Brazil Argentina Total Sales¹ 1,361.4 20.2% 228.1 -23.7% 1,589.5 11.0% 59.3 -10.7% 11.0 -3.1% 70.2 -9.6% Production¹ 1,299.4 10.2% 204.7 -18.3% 1,504.1 5.2% 72.8 -11.3% 3.7 -18.3% 76.5 -11.7% H1 2026 X H1 2025 Vehicles (thousands) Europe North America Total Production² 8,727.3 -1.3% 7,620.4 -1.3% 16,347.7 -1.3% 269.1 -1.5% 253.0 -6.6% 522.1 -4.0% 8 MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release ¹ Source: Anfavea, Fenabrave, Adefa, IHS, Acara & Indec. ² Source: IHS Passenger cars and light commercial vehicles are expected to lead the expansion, with a growth forecast of 12.6%. Truck and bus sales are expected to decline by 6% this year. Exports are moving in the opposite direction. Anfavea has reversed its previous growth forecast of 1.5% and is now predicting that exports will fall 12.8% in 2026, due to weaker demand in Argentina and increased competition from Chinese and Mexican vehicles in key markets for Brazilian-made models. 3. Development of the Automotive Industry: Brazil and Argentina, and major export markets of the Company The Brazilian Association of Motor Vehicle Manufacturers (ANFAVEA) raised its 2026 sales forecasts published in January after a stronger-than-expected first half, projecting domestic vehicle registrations to exceed 3 million units in 2026 for the first time since 2014. If achieved, the rise will be 11.7% from 2025, which is well above the initial 2.7% estimate from the start of the year. In this scenario, the outlook for Brazil’s vehicle output is positive but still far below the domestic sales expectations. Output is now expected to grow 5.8% this year, up from the previous forecast of 3.7%, reaching about 2.8 million vehicles – the best result since 2019. June registrations and production fell slightly from May but remained strong enough to consolidate the sector’s best first half since 2019, before the pandemic. Brazil produced 1,361 million vehicles in the first six months of 2026, up 8.8% from the same period of 2025. Passenger car sales were the main driver of this increase, rising 20.2% in the first half of 2026, or 208 thousand units more than in the first half of 2025.
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Of this increase, 73 thousand units are attributed to the Brazilian federal government’s “Carro Sustentável” (Sustainable Car) program, which boosted sales of entry-level vehicles. Electrified vehicles also contributed to the increase, adding 130 thousand units to the market. Of that total, 70 thousand were produced in Brazil and 60 thousand were imported. In June, electrified models reached a record of 20.9% share of light vehicle sales. The recovery of the heavy-duty vehicle segment has been slower, driven by the second phase of the Brazilian federal government’s Move Brasil program. In the first half of 2026, truck sales fell 10.5% while bus sales declined 11.6%. Although both segments reported their strongest monthly results of the year in June, the improvement has not been sufficient to reverse the expectation of another year of decline. 9MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release According to the Association of Automotive Manufacturers of Argentina (ADEFA), the industry is undergoing an adjustment phase where assembly plants are adapting operations to roll out updated vehicle configurations and the investments made in previous years finally start to yield practical, operational results. The recovery of local manufacturing activity has lagged behind the rebound in vehicle demand, reflecting the challenges faced by automakers to recover competitiveness and increase production sustainably. The Argentine automotive industry closed the first half of 2026 with mixed signals, noting a recovery over the last months for domestic market demand and relative stability in export volumes, but lower production, sales and shipments compared to 2025 demonstrate persistent structural challenges to the industry competitiveness. In June, Argentina produced 37,029 vehicles, including passenger cars and light commercial vehicles, down 13.6% from June 2025. In the first half of 2026, Argentina produced 204,658 units, down 18.3% from the same period of the previous year. Argentina’s automotive exports showed resilience in the first half of 2026, totaling 126,893 vehicles, down 2.1% from the first half of 2025. Argentine Market Argentina registered month-over-month growth of domestic sales. Factory shipments to dealers in June 2026 totaled 44,096 units, up 22.5% from May 2026, but down 26.3% year-over-year from June 2025. In the first half of 2026, domestic sales totaled 228,129 units, representing a decrease of 23.7% compared to the same period in 2025.
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Summary of income statement (in BRL million, except percentages) Q2 2026 (a) Q2 2025 (b) (a/b) H1 2026 (c) H1 2025 (d) (c/d) Net operating revenue 1,332.2 100.0% 1,369.2 100.0% (2.7%) 2,588.6 100.0% 2,635.8 100.0% (1.8%) Cost of sales and services (947.0) (71.1%) (997.1) (72.8%) (5.0%) (1,863.6) (72.0%) (1,911.0) (72.5%) (2.5%) Gross profit 385.2 28.9% 372.1 27.2% 3.5% 725.0 28.0% 724.8 27.5% 0.0% Selling and distribution expenses (88.2) (6.6%) (102.6) (7.5%) (14.0%) (166.8) (6.4%) (195.0) (7.4%) (14.5%) General and administrative expenses (51.3) (3.9%) (46.4) (3.4%) 10.6% (96.6) (3.7%) (89.0) (3.4%) 8.5% Research and development expenses (19.6) (1.5%) (16.9) (1.2%) 16.0% (36.4) (1.4%) (33.2) (1.3%) 9.6% Other operating income (expenses), net (0.7) (0.1%) 0.3 0.0% (333.3%) (7.1) (0.3%) (10.7) (0.4%) (33.6%) Share of profit of equity- accounted investees 4.3 0.3% 1.7 0.1% 152.9% 8.1 0.3% 3.5 0.1% 131.4% Gain on net monetary position in foreign subsidiary (operating profit) 15.5 1.2% 22.4 1.6% (30.8%) 36.2 1.4% 32.3 1.2% 12.1% Profit before finance income and costs and taxes (EBIT) 245.2 18.4% 230.6 16.8% 6.3% 462.4 17.9% 432.7 16.4% 6.9% Net finance income (costs) (0.5) 0.0% (41.7) (3.0%) (98.8%) 75.3 2.9% (29.6) (1.1%) (354.4%) Profit before taxes 244.7 18.4% 188.9 13.8% 29.5% 537.7 20.8% 403.1 15.3% 33.4% Income tax and social contribution (85.1) (6.4%) (62.2) (4.5%) 36.8% (163.9) (6.3%) (117.6) (4.5%) 39.4% Profit for the period 159.6 12.0% 126.7 9.3% 26.0% 373.8 14.4% 285.5 10.8% 30.9% EBITDA 277.3 20.8% 261.0 19.1% 6.3% 526.7 20.3% 498.2 18.9% 5.7% ¹Adjusted EBITDA 273.8 20.5% 261.0 19.1% 4.9% 523.2 20.2% 498.2 18.9% 5.0% 10MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4. Company’s Financial and Economic Performance ¹ Reversal of warranty provision in the amount of R$ 3.5 million.
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In the OEM segment, MAHLE Metal Leve supplies components and systems directly to vehicle manufacturers and works closely with them to co-develop custom, high-tech solutions to meet exact customer technical specifications. Net salesby market (in BRL million, exceptpercentages) Q2 2026 (a) Q1 2025 (b) (a/b) H1 2026 (c) H1 2025 (d) (c/d) OEM – domestic 558.4 531.7 5.0% 1.076.4 1,043.0 3.2% OEM – exports 305.1 320.3 -4.7% 583.0 602.1 -3.2% Subtotal 863.5 852.0 1.3% 1,659.4 1,645.1 0.9% Aftermarket – domestic 401.6 431.7 -7.0% 789.9 830.6 -4.9% Aftermarket – exports 67.1 85.5 -21.5% 139.3 160.1 -13.0% Subtotal 468.7 517.2 -9.4% 929.2 990.7 -6.2% Total 1,332.2 1,369.2 -2.7% 2,588.6 2,635.8 -1.8% 11 The Company defines its ‘domestic market’ as revenue generated from sales and business operations within Brazil and Argentina. When consolidating the financial statements, exchange differences arising from translating the Argentine subsidiary’s financial statements (Argentine peso (ARS)) into the parent’s presentation currency (Brazilian real (BRL)) must be recognized. 4.2 OEM sales MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4.1 Net sales by market The Company serves a diverse customer base and manufactures high-quality, state-of- the-art solutions through continuous investments in research and development to drive the creation of new products and optimized production processes. Furthermore, the Company focuses on strong customer relationships by developing custom, integrated solutions while maintaining technological excellence and strict project confidentiality. In expanding into new businesses, the Company’s performance in the first half of 2026 was 40% higher than in the same period of 2025, reflecting its efforts to expand market share in the light commercial and heavy-duty vehicle segments. These capabilities constitute an important competitive advantage in the industry in which the Company operates. No single customer accounts for more than 10% of the Company’s net sales revenue. The Company reaches out to various markets, different geographic regions and a broad customer base, which mitigates risks and captures new market opportunities. The Company’s revenue from the domestic market in the first half of 2026 exceeded segment benchmarks (vehicle production in Brazil and Argentina) due to increased market share, while exports responded directly to currency fluctuations and foreign demand. It should be noted that, during the first half of 2026, the appreciation of the Brazilian real against the US dollar (USD) and the euro (EUR), compared with the same period in 2025, had an adverse impact on the translation of revenues generated from export operations into Brazilian reais. This foreign exchange effect reduced the reported consolidated net revenue in BRL, despite stable volumes and solid operational performance.
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12 For reporting purposes, the Company defines its ‘domestic market’ as revenue generated from sales and business operations within Brazil and Argentina. This definition is important for the correct understanding of the market scenarios presented below. MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4.3 Aftermarketsales Argentine Market: The business environment remained challenging. Argentina’s automotive aftermarket was impacted by volatile demand, weakened consumer purchasing power, and shifts in distribution channels. A surge in imports and new foreign entrants have intensified rivalry across multi-brand distributors and retail shelves, shifting buying decisions toward low-cost replacement parts and placing additional pressures on margins and volumes. Additionally, Argentina’s automotive aftermarket underwent a cautious inventory replenishment cycle in the first half of 2026. In the first half of 2026, the automotive aftermarket in South America faced moderate growth amid intense supplier rivalry and global and regional macroeconomic uncertainties. Finally, the first half of 2026 was marked by a complex environment, with macroeconomic challenges, fierce market competition, and global uncertainties. The Company has focused on improving operational efficiency, maintaining disciplined cost management, strengthening its commercial initiatives, and developing innovative customer solutions. Although the business environment still calls for caution, the Company believes that its solid market position, diversified portfolio, and investments in sustainable mobility technologies are key drivers to preserve competitiveness and consistently create long-term value for all stakeholders. Brazilian Market: The Brazilian automotive aftermarket showed stable performance in the first half of 2026. Structural factors like aging vehicle fleets and routine maintenance services have sustained demand but the aftermarket faced pressures from a surge in low-cost imported components, aggressive new market entrants, and lean distributor inventory strategies due to fluid product availability across the global supply chain. Exports: The Company’s exports dropped during the period, mainly due to weaker demand, weighed down by a cautious global economic climate, growth uncertainties across major economies, and persistent geopolitical troubles that disrupt supply chains and delay investment decisions in several regions. In this context, the Company remained focused on the delivery of its business strategy, efficient portfolio management, and development of innovative solutions for the mobility of the future. Furthermore, the Company certain operational challenges related to supply delays for certain raw materials and imported products, lowering the availability of some of its products during the period. The Company opened the first electric vehicle charging station equipped with the MAHLE technology in Jaguariúna, São Paulo, marking a significant stride in its e-mobility agenda. This milestone reflects the Company’s unwavering commitment to innovation in developing solutions aligned with global shifts in the automotive industry.
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The graph below shows our exports by geographical market for the periods under review: 13MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4.4 Consolidated export by geographical market Central and North America H1 2026 35.6% H1 2025 36.0% South America H1 2026 17.1% H1 2025 16.8% Europe H1 2026 42.1% H1 2025 40.7% Others H1 2026 5.2% H1 2025 6.5% 4.5 Net revenue by segment and by product The table below shows net revenue by segment for the periods under review: The graph below shows total sales by product category in the first half of 2026 and 2025, with Powertrain and Charging accounting for 84.0% and Thermal and Fluid Systems accounting for 16.0% of total sales in the first half of 2026: Net revenue by segment (in BRL million) Q2 2026 (a) Q2 2025 (b) (a) (b) (a/b) H1 2026 (c) H1 2025 (d) (c) (d) (c/d) Powertrain and Charging (formely Engine Components) 1,139.9 1,134.4 85.6% 82.9% 0.5% 2,174.3 2,180.9 84.0% 82.7% -0.3% Thermal and Fluid Systems (formely Filters) 192.3 234.8 14.4% 17.1% -18.1% 414.3 454.9 16.0% 17.3% -8.9% Total 1,332.2 1,369.2 100.0% 100.0% -2.7% 2,588.6 2,635.8 100.0% 100.0% -1.8% 24.6% 11.2% 8.8% 7.5% 3.1% 2.9% 16.3% 6.4% 3.2% 14.2% 0.1% 1.7% 23.9% 11.5% 9.8% 7.9% 4.0% 3.1% 15.7% 4.3% 2.5% 13.3% 1.2%1.2% 2.8% Pistons/Kits Bearings Rings Valves Valve Train Liners/Rings Inserts Compressors Other Power Train and Charging Other product and services Filters Oil Cooler/PC30 Other Thermal and Fluid Systems H1 2026 H1 2025 POWERTRAIN AND CHARGING THERMAL AND FLUID SYSTEMS
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Historical EBITDA Margin 14 Gross margin: Positive gross margin in the second quarter of 2026 compared to the second quarter of 2025 and in the first half of 2026 compared to the first half of 2025 is the direct result of the Company’s initiatives to increase productivity and capture operational synergies. These initiatives have contributed to mitigate the impacts of inflationary pressures on the cost structure while improving operational efficiency. In a challenging environment marked by heightened demand and cost volatility, these initiatives become even more important for sustaining profitability and competitiveness. MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4.7 Operating result measured by EBITDA The table below shows changes in the components of EBITDA for the periodsunderreview: EBTIDA: Changes in the period (in BRL million, except percentages) Amount Margin Q2 2025 261.0 19.1% Gross profit 13.1 Selling and distribution expenses 14.4 General and administrative expenses (4.9) Research and development expenses (2.7) Other operating income (expenses), net (1.0) Share of profit of equity-accounted investees 2.6 Gain on net monetary position in foreign subsidiary (operating profit) (6.9) Amortization- PPA of ARCO 0.4 Depreciation 1.3 Q2 2026 277.3 20.8% Reversal of warranty provision (3.5) ¹ AdjustedQ2 2026 273.8 20.5% 4.6 Operating performance Selling expenses: have decreased in nominal terms and as a percentage of revenue in the second quarter and first half of 2026 thanks principally to reduced freight expenses in the current periods compared to the same periods in 2025. General and administrative expenses: the results reported for 2Q26 compared with 2Q25, and for 1H26 compared with 1H25, primarily reflect to employee benefit expenses, outsourced services and utilities. Research and development expenses: remained stable in 2026 compared to 2025, both in nominal terms and as a percentage of revenue. MAHLE Metal Leve operates a Tech Center in the city of Jundiaí, State of São Paulo, dedicated to the development and improvement of internal combustion engines, filters, peripheral components and thermal management systems. The Jundiaí Tech Center leads filter development for the Americas and hosts the MAHLE Global Biomobility Center which focuses on scaling up biofuels and biomaterials — and also the Global Competence Center for Air Conditioning Compressors, reinforcing the Company’s commitment to innovation and technological advancement. 21.4% 14.9% 23.1% 21.0% 28.2% 19.3% 17.8% 21.4% 19.1% 18.7% 20.5% 19.9% 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2024 2025 Q4 2024 Q3 2025 Q2 2025 Q1 2025 Q2 2026 Q1 2026
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Historical EBITDA Margin 15MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release EBTIDA: Changes in the period (in BRL million, except percentages) Amount Margin H1 2025 498.2 18.9% Gross profit 0.2 Selling and distribution expenses 28.2 General and administrative expenses (7.6) Research and development expenses (3.2) Other operating income (expenses), net 3.6 Share of profit of equity-accounted investees 4.6 Gain on net monetary position in foreign subsidiary (operating profit) 3.9 Amortization - PPA of ARCO 0.5 Depreciation (1.7) H1 2026 526.7 20.3% Reversal of warranty provision (3.5) ¹ AdjustedQ2 2026 523.2 20.2% It is also important to note that some loans taken in 2023, 2024, 2025 and 2026 were based on the volume of future exports, and mature in 2026, 2027, 2028, 2029 and 2030 as shown in the item “Net financial position” in this report. The exchange rate on loans did not have an impact on cash, as shown below: Finance income and costs (in BRL million) Q2 2026 (a) Q2 2025 (b) Change (a-b) H1 2026 (c) H1 2025 (d) Change (c-d) Interest income (expenses) - net (10.0) (28.5) 18.5 (15.3) (50.2) 34.9 Foreign exchange gains (losses) and gain (loss) on derivatives 6.5 (13.1) 19.6 84.8 28.2 56.6 Net monetary variation + Others 3.0 (0.1) 2.9 5.8 (7.6) 13.3 Net finance income (costs) (0.5) (41.7) 41.2 75.3 (29.6) 104.9 4.8 Finance income and costs In the second quarter of 2026, the Company reported net finance costs of R$ 0.5 million, a decrease of R$ 41.2 million from R$ 41.7 million in the second quarter of 2025. In the first half of 2026, the Company reported net finance income of R$ 75.3 million (net finance costs of R$ 29.6 million in the first half of 2025). 21.7% 18.8% 24.5% 19.3% 18.5% 18.8% 20.2% 2024 H2 2024 H1 2024 2025 H2 2025 H1 2025 H1 2026¹ 429,3 (308,5) (50,7) 298,1 23,8 (298,9) (123,7) (47,3) (1,6) (13,1) (23,2) 615,6 499,7 Cash and equivalent: Dec, 2025 New Loans Amortization (Principal) Interest paid Cash Generation Interest Received Dividends & IoC Taxes CAPEX Acquisitions Leasing FX-Var (Cash & Bonds) Cash and equivalent: Jun, 2026
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11.2 18.0 29.230.4 67.4 97.8 16.7 33.2 49.9 35.8 68.0 103.8 11.9 22.1 34.0 Q1 2024Q2 2024H1 2024Q3 2024Q4 2024H2 2024Q1 2025Q2 2025H1 2025Q3 2025Q4 2025H2 2025Q1 2026Q2 2026H1 2026 16MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release The Company recorded an income tax and social contribution expense of R$ 163.9 million at June 30, 2026 in the consolidated financial statements (expense of R$ 117.6 million at June 30, 2025) as follows: ▪ Current tax: expense of R$ 145.8 million incurred mainly by the Parent company (expense of R$ 169.3 million at June 30, 2025); ▪ Deferred tax: expense of R$ 18.1 million without impact on cash, comprising principally changes in provisions, tax credits and tax loss carryfoward of subsidiaries (revenue of R$ 51.7 million at June 30, 2025). Further information on income tax and social contribution is disclosed in Note 11 to the Interim Financial Statements as of June 30, 2026. 4.9 Income tax and social contribution The table below shows capital expenditures and total accumulated depreciation for the second quarter and first half of 2026 and 2025: In the first half of 2026, the Company made investments in R&D equipment, upgrading and renewal of machinery and equipment aimed at increasing productivity and quality, new products, building improvements, information technology, among others. Capital expenditure & depreciation (in BRL million) Q2 2026 Q2 2025 H1 2026 H1 2025 Capital expenditures 22.1 33.2 34.0 49.9 Total depreciation 26.6 25.7 53.2 56.2 % of net sales revenue 1.7% 2.4% 1.3% 1.9% Net sales revenue 1,332.2 1,369.2 2,588.6 2,635.8 4.10 Capital expenditures Total 2025: 153.7 Total 2024: 127.0 As shown in the graph below, the Company’s capital expenditures exhibit recurring quarterly seasonality. Fluctuations across specific periods should be analyzed in light of the expenditure timing as spending tends to flow in a non-linear way over a period. Quarterly or six-month changes in capital expenditures do not necessarily reflect changes in the Company’s investment strategy but rather a natural spreading of capital expenditures over the year.
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17 Net financial position (in BRL million) June 30, 2026 (a) December 30, 2025 (b) Change (a-b) Cash / bank balances / financial investments/ loans (i): 499.7 658.7 (159.0) Borrowings (ii): (1,556.6) 100.0% (1,614.1) 100.0% 57.4 Short-term (585.6) 37.6% (746.3) 46.2% 160.7 Long-term (971.0) 62.4% (867.7) 53.8% (103.3) Loans payable (iii): (46.2) (43.1) (3.1) Net Debt(i – ii - iii): (1,103.1) (998.4) (104.7) Net debt / Adjusted EBITDA 1.05x 0.96x MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4.11 Net financial position At the end of the first half of 2026, the borrowings classified into short-term and long-term represent 37.6% and 62.4%, respectively, of total borrowings: The Company’s net debt is as follows: Shown below is the detailed breakdown of borrowing facilities with respective costs and weighted average cost: 1.556,6 585,6 348,0 237,5 971,0 367,6 283,9 174,2 87,5 57,8 Total Short Term July to December 2026 January to June 2027 Long Term July to December 2027 2028 2029 2030 2031> 6,8% 80.4% 12.7% 4.8% 86.7% 8.6% 5.4% 5.1% 12.0% 6.6% 5.0% 14.6% FINEP NCE (EUR) FINAME BNDES FINEP NCE (EUR) FINAME BNDES Share % Cost %p.a. June 30, 2026 December 31, 2025 Nominal average cost: 6.0% p.a. Nominal average cost: 5,9% p.a.
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Q2 2026 Q2 2025 H1 2026 H1 2025 Net effect of IAS 29 on the individual financial statements of MAHLE Argentina (14.1) (18.2) (33.8) (38.6) Effect of IAS 29 on calculation of share of profit of subsidiary 20.9 22.7 46.3 45.5 Net effect of IAS 29 on investment– subsidiary 0.2 0.2 0.4 0.4 Net effect of IAS 29 on subsidiary’s non-monetary assets 7.0 4.7 12.9 7.3 Effect of IAS 29 on consolidated financial statements, which represents inflation restatement on subsidiary’s non-monetary assets 8.5 17.7 23.3 25.0 Gain on net monetary position in foreign subsidiary 15.5 22.4 36.2 32.3 18MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release For the purposes of translation of the financial statements of the subsidiary in Argentina from the functional currency of the subsidiary (ARS) to the presentation currency of the Parent company MAHLE Metal Leve (BRL), the effects of the translation of the financial statements are recognized as “cumulative translation adjustments” within equity. Transactions in foreign currency are translated to the functional currency of the subsidiary (ARS) at the exchange rate at the end of each quarter as published by the Central Bank of Argentina. In accordance with international financial reporting standards and with local legislation, the subsidiary MAHLE Argentina S.A. keeps its accounting records in the functional currency, which is the currency of the primary economic environment in which it operates, i.e., Argentine peso (ARS). The financial statements of the subsidiary are expressed in units of the functional currency that is current at the end of the reporting period, and non-monetary assets and liabilities are restated by applying the Argentine Consumer General Price Index as required by IAS 29/CPC 42 Financial Reporting in Hyperinflationary Economies. The effects of this monetary restatement are recognized in the financial statements of the Parent company within the line item “Gain on net monetary position in foreign subsidiary” as summarized below: 4.12 Subsidiary MAHLE Argentina S.A. In 1H26, the acquired businesses delivered performance in line with the revenue assumptions considered in the respective valuation analyses, demonstrating the resilience of their operations and the effective execution of integration plans. 4.13 2024 Acquisitions From a profitability standpoint, reported EBIT exceeded the estimates originally incorporated into the valuation models supporting the transactions, highlighting the realization of operational synergies, greater efficiency in cost and expense management, and the successful implementation of the value creation initiatives outlined in the investment thesis. These results reinforce the strength of the strategic rationale underpinning the acquisitions and demonstrate the acquired businesses' ability to deliver profitability above the levels originally projected.
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19MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 4.14 Results versus the Impact of IAS 29 and Acquisitions Completed in 2024 To facilitate the understanding of the impacts of IAS 29/CPC 42 on the financial statements, the "IAS 29 Argentina Hyperinflation” column in the tables below presents, on a segregated basis, all effects of the application of the accounting standard, including the inflation restatementof non-monetary assets and liabilities recognized in the income statement: Furthermore, we present the positive variances between the actual results achieved by the acquisitions and the amounts projected in the valuation models. For comparison purposes only Summaryof income statement (in BRL million) Q2 2026 IAS 29 Argentina Hyperinflation 2024 Acquisitions ∆ valuation Q2 2026 adjusted Q2 2025 adjusted IAS 29 Argentina Hyperinflation 2024 Acquisitions ∆ valuation Q2 2025 Net operating revenue 1,332.2 (12.1) 0.0 1,320.1 1,324.2 (13.9) (31.1) 1,369.2 Gross profit 385.2 11.0 396.2 388.6 16.5 372.1 SG&A expenses, other operating income (expenses) and share of profit of equity-accounted investees (155.5) 1.5 (154.0) (162.2) 1.7 (163.9) Gain on net monetary position in foreign subsidiary (operating profit) 15.5 (15.5) - - (22.4) 22.4 Profit before finance income and costs and taxes (EBIT) 245.2 (3.0) 242.2 226.2 (4.2) 230.6 Net finance costs (0.5) (4.0) (4.5) (41.2) (0.5) (41.7) Income tax and social contribution (85.1) - (85.1) (62.2) - (62.2) Profit for the year 159.6 (7.0) (11.3) 141.3 117.3 (4.7) (4.7) 126.7 EBITDA 277.3 (3.1) 274.2 256.6 (4.4) 261.0 Gross margin 28.9% 30.0% 28.7% 27.2% EBITDA margin 20.8% 20.8% 18.9% 19.1% As per financial statementspublished For comparison purposes only Summaryof income statement (in BRL million) H1 2026 IAS 29 Argentina Hyperinflation 2024 Acquisitions ∆ valuation H1 2026 adjusted H1 2025 adjusted IAS 29 Argentina Hyperinflation 2024 Acquisitions ∆ valuation H1 2025 Net operating revenue 2,588.6 (16.0) 0.0 2,572.6 2,566.0 (16.6) (53.2) 2,635.8 Gross profit 725.0 25.0 750.1 748.8 24.0 724.8 SG&A expenses, other operating income (expenses) and share of profit of equity-accounted investees (298.8) 1.9 (296.9) (322.4) 2.0 (324.4) Gain on net monetary position in foreign subsidiary (operating profit) 36.2 (36.2) - - (32.3) 32.3 Profit before finance income and costs and taxes (EBIT) 462.4 (9.3) 453.1 426.4 (6.3) 432.7 Net finance costs 75.3 (3.6) 71.7 (30.5) (0.9) (29.6) Income tax and social contribution (163.9) - (163.9) (117.6) - (117.6) Profit for the year 373.8 (12.9) (21.3) 339.6 265.6 (7.2) (12.7) 285.5 EBITDA 526.7 (9.3) 517.4 491.9 (6.3) 498.2 Gross margin 28.0% 29.2% 28.6% 27.5% EBITDA margin 20.3% 20.1% 18.8% 18.9% As per financial statementspublished
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20MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release The table below shows the Company’s working capital requirement (WCR), focusing on current assets and current liabilities in the periods under analysis: (in BRL million) H1 2026 H1 2025 Trade and other receivables 872.1 913.6 Inventories 817.9 927.1 A Total funds applied 1,690.0 1,840.7 Trade payables 595.6 622.1 M&A: payables for acquisitions MAHLE Compressores do Brasil Ltda. and MAHLE Aftermarket Thermal Brasil Ltda. - 245.9 B Total sources of funds 595.6 868.0 WCR (A – B) 1,094.4 972.7 Working Capital Analysis(days) H1 2026 H1 2025 DaysSales Outstanding– DSO 54 55 Days Payables Outstanding (excluding M&A) – DPO 58 59 DaysInventoryOutstanding– DIO 79 87 Cash Conversion Cycle (DSO + DIO − DPO) 75 83 -9,6% 4.15 Workingcapitalrequirement
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357.4 386.5 20242025 Dividends and IoC Dividends and IoC per share 21MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release At the Ordinary General Meeting held on April 29, 2026, the shareholders approved the distribution of additional dividends in the amount of R$ 275.9 million, which is the residual balance from 2025. This amount, added to the already declared distributions, totals R$ 386.5 million, representing 63.5% of the profit for the year (after legal deductions). For more information about payout, please visit our website https://ri.mahle.com.br/acoes/historico-de-proventos/ 4.16 Distributionof dividends and interest on capital to shareholders The evolution of shareholder remuneration through dividends and interest on equity (IoE) is presented below, in accordance with the Company's Management proposal for the allocation of earnings for fiscal years 2024 and 2025. Source: MAHLE Metal Leve reports filed with the CVM 2.85 2.64 5. Investor Relations and Capital Market During the first half of 2026, MML’s Investor Relations department maintained an active agenda of interactions with investors and the broader market. The IR team participated in both in-person and virtual meetings and events to strengthen relationships with a wide range of capital market participants and strategic audiences, seeking to provide the market with a clear and consistent understanding of the Company’s fundamentals and strategy. With these initiatives, the IR department reinforces its mission to promote transparency, foster an open dialogue with the market, and contribute to the correct valuation of the Company by the capital market participants. Set out below is the participation of LEVE3 in the theoretical portfolios for B3 indices: SMLL B3 SMLL B3 IDIV B3 IDIV B3 IGC-NM B3 IGC-NM B3 IGC B3 IGC B3 IGCT B3 IGCT B3 ICON B3 ICON B3 INDX B3 INDX B3 ITAG B3 ITAG B3 IBRA B3 IBRA B3 Segment-specific indices Segment-specific indices Broad indices Broad indices Governance indices Governance indices The following graph shows the market performance of LEVE3 stock during the first half of 2026 and 2025: +19.6% Dec. 2024 Vs. June 2026 H1 2025 variance: +10.0% H1 2026 variance: -3.7% 27.46 28.35 27.61 28.38 29.62 32.10 30.21 dec/24 jan/25 feb/25 mar/25 apr/25 may/25 jun/25 34.11 34.36 36.15 34.99 34.05 33.78 32.84 dec/25 jan/26 feb/26 mar/26 apr/26 may/26 jun/26
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MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 22 61.0% 9.7% 6.3% 23,0% 61.0% 12.3% 6.2% 20,5% Controlling shareholder Local Investors Foreign Investors Individual Investors H1 2026 H1 2025 The Company’s ownership structure in the first half of 2026 and 2025 is as follows: Shown below is the market value of the Company (Market Cap¹) over the years. At the end of the second quarter of 2026, the market value was R$ 4.5 billion, down 3.7% from 2025. The historical data highlights fluctuations over the period, with a recovery compared to the previous year amid changing market conditions in recent years. ¹ Share price x quantity of shares Source: Economática 82.1% 10.8% 3.4% 1.0% 0.9% 0.6% 0.5% 84.1% 9.8% 0.5% 0.8% 0.7% 0.6% 0.5% BRA USA GBR DEU FIN IRL LUX H1 2026 H1 2025 Shown below is the breakdown of the Company’s ownership base by location at the end of the first half of 2026 compared to the first half of 2025. The Company has a diversified, global shareholder base that includes local and foreign investors. The changes between periods were minor and did not affect the overall geographic shareholder distribution profile. 4.64,64.74.5 2025Q1 2026Q2 2026 -3.7% vs. 2025
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The Management Board 23MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 9. Appendices The consolidated financial statements, including notes to the consolidated financial statements, and the independent auditor’s report issued by Ernst & Young Auditores IndependentesS/S Ltda are available on the CVM’s website (https://www.gov.br/cvm/pt-br) and on B3’s website (https://www.b3.com.br/pt_br/). You also may access the consolidated financial statements on MAHLE Investor Relations website at https://ri.mahle.com.br/informacoes-financeiras/central-de-resultados/or using this QR Code. Brands sold by MML 7. ExecutiveBoard’sDeclaration In compliance with CVM Resolution 80/22, the Executive Board hereby declares that it has discussed, reviewed, and agrees with the interim financial statements for the period ended June 30, 2026 and with the conclusions expressed in the independent auditor’s report. 8. Acknowledgements We would like to thank our employees, shareholders, customers and suppliers for their continued support and trust during the first half of 2026. 6. Independent Auditors In accordance with Resolution 162/22 of the Brazilian Securities Commission (CVM), the Company and its subsidiaries have procedures in place to ensure that non-audit services provided by the external auditor do not create any conflict of interest or impair the external auditor’s independence and objectivity. In the first half of 2026, the Company did not engage Ernst & Young Auditores Independentes S/S Ltda to perform non-audit services and there is, therefore, no situation that could give rise to a conflict of interest under the above-mentioned CVM Resolution.
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24MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 9.1 Balance sheet Consolidatedbalance sheet (in BRL million) June30, 2026 December 31, 2025 Assets 3,859.9 3,793.6 Currentassets 2,406.4 2,302.0 Cash andcash equivalents 58.4 27.2 Marketablesecurities 11.1 23.4 Financial investments 430.2 608.1 Dividendsandinterestoncapital receivable - 0.3 Trade andotherreceivables 872.1 691.6 Inventories 817.9 754.7 Other taxes recoverable 106.4 90.9 Income taxandsocial contributionrecoverable 74.8 77.3 Other currentassets 35.5 28.5 Non-currentassets 1,453.5 1,491.6 Deferredtaxassets 114.4 129.5 Other taxes recoverable 18.7 29.5 Income taxandsocial contributionrecoverable 12.9 14.3 Judicial depositsassociatedwithlegal proceedings 23.4 26.2 Investments in subsidiaries 67.9 60.9 Property, plantandequipment 706.5 724.1 Intangibleassets 388.5 389.0 Right-of-use assets 38.0 39.0 Other non-currentassets 83.0 79.2 Liabilitiesandequity 3,859.9 3,793.6 Currentliabilities 1,687.7 1,819.0 Employeebenefitliabilities 187.7 147.8 Trade andotherpayables r e l a c i o n a d a s 595.6 542.4 Taxes payable 68.0 65.9 Interest-bearingloansandborrowings 585.6 746.3 Leaseliabilities 20.0 18.4 Provisions 92.8 106.9 Other currentliabilities 138.0 191.3 Non-currentliabilities 1,205.9 1,110.8 Interest-bearingloansandborrowings 971.0 867.7 Leaseliabilities 22.2 25.2 Provisionfor contingencies 209.7 211.1 Other non-currentliabilities 3.0 6.8 Consolidatedequity 966.3 863.8 Sharecapital 1,392.8 1,392.8 Revenuereserves 408.0 408.0 Proposedadditionaldividends - 241.7 Retainedearnings 374.6 - Equitytransactions (345.5) (345.5) Carrying valueadjustments 27.3 28.8 Cumulativetranslationadjustments (893.1) (864.3) Non-controllinginterests 2.1 2.3
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25MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 9.2. Statement of income Consolidatedstatementofincome June30, 2026 June30, 2025 Change Net operatingrevenue 2,588.6 2,635.8 -1,8% Costofsalesandservices (1,863.6) (1,911.0) -2.5% Gross profit 725.0 724.8 0.0% Operatingincome (expenses) (262.6) (292.1) -10.1% Sellinganddistributionexpenses (166.8) (195.0) -14.4% Generalandadministrativeexpenses (96.6) (89.0) 8.5% Researchanddevelopmentexpenses (36.4) (33.2) 9.6% Otheroperatingincome(expenses) – net (7.1) (10.7) -34.0% Gainonnetmonetarypositionofforeignsubsidiary 36.2 32.3 11.6% Shareofprofitofequity-accountedinvestees 8.1 3.5 128.2% Profit beforefinanceincome andcostsandtaxes 462.4 432.7 6.9% Financeincome 212.0 223.3 -5.1% Financecosts (136.8) (252.9) -45.9% Profit beforetaxes 537.7 403.1 33.4% Currentincometaxandsocialcontribution (145.7) (169.3) -13.8% Deferredincometaxandsocialcontribution (18.1) 51.7 -135.3% Profit for theperiod 373.8 285.5 31.0% Profitattributabletoequityholdersoftheparent 373.8 285.5 31.1% Profitattributabletonon-controllinginterests (0.0) 0.1 0.0% Basic anddilutedearningsper share(in BRL) 1.17680 0.93510 25.8%
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26 MAHLE Metal Leve S.A. | Second Quarter and First Half 2026 Results Release 9.3. Statement of cash flows Consolidatedstatementofcash flows June30, 2026 June30, 2025 Cash flowsfromoperatingactivities Profit beforeincome taxandsocial contribution 537.6 403.0 Depreciationandamortization 64.5 65.5 Shareofprofitofequity-accountedinvestees (8.1) (3.5) Net financecosts(income) (60.9) 18.4 Gainonderivativefinancial instruments (12.7) (5.7) Loss(gain) ondisposalofproperty, plantandequipment 0.7 (0.3) Reversaloflossallowancefor trade receivables (0.3) (2.4) Provisionfor contingencies 9.9 (3.5) Warrantyprovision(reversal) (6.5) 0.4 Other provisions 45.1 38.8 Impairmentofproperty, plantandequipmentandintangibleassets (1.0) (0.6) Impairmentallowancefor inventories 0.1 1.1 Interestexpenseonleaseliabilities 3.0 2.7 Gainonnet monetaryposition (12.7) (7.2) Cashflowsfromoperatingactivitiesbeforeworkingcapitaladjustments 558.5 506.7 Changesinassetsandliabilities Trade andotherreceivables (193.7) (171.4) Inventories (80.8) (149.5) Taxes recoverable (7.3) (50.5) Other assets (9.7) (39.2) Trade andotherpayables 78.3 144.2 Employeebenefitliabilities 41.2 29.8 Taxes payable 6.2 (2.2) Other liabilities (79.3) (78.6) Cashfromoperations 313.4 189.3 Income taxandsocial contributionpaid (123.7) (95.7) Netcashflowsfromoperatingactivities 189.7 93.6 Net cash flowsusedin investingactivities (37.1) (21.2) AcquisitionofassociateArco Climatização S.A. (1.6) - Dividendsandinterestoncapital receivedfromsubsidiaryandassociate 1.1 2.9 Loanstorelatedparties - (188.1) Repaymentofloansbyrelatedparties - 212.6 Purchase ofproperty, plantandequipment (47.3) (64.3) Additionstointangibleassets (0.1) (0.0) Acquisitionofsecurities (10.8) (33.8) Settlementofsecurities 21.5 49.3 Proceedsfromsaleofproperty, plantandequipment - 0.3 Net cash flowsfrom(usedin) financingactivities (283.5) 46.5 Proceedsfromloans 383.1 349.4 Paymentofprincipal ofloans (308.5) (10.6) Paymentofinterestonloans (50.7) (13.2) Dividendsandinterestoncapital paid (299.9) (280.7) Loansfromrelatedparties 260.1 89.4 Repaymentofloanstorelatedparties (254.5) (76.9) Paymentofleaseliabilities- principal andinterest (13.1) (10.9) Effectofexchangerate changesoncash andcash equivalents (15.4) (8.3) Net increase(decrease) in cash andcash equivalents (146.4) 110.6 Cash andcash equivalentsatthebeginningoftheperiod 635.3 291.8 Cash andcash equivalentsattheendoftheperiod 488.6 164.9 Net increase(decrease) in cash andcash equivalents (146.7) (126.9)