Earnings release
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CONSOLIDATED INFORMATION – 2Q26 Caxias do Sul, August 03, 2026 - Marcopolo S.A. (B3: POMO3; POMO4) releases the results for the second quarter of 2026 (2Q26). The individual and consolidated interim financial information is presented in accordance with CPC 21 (R1) and the international standard IAS 34 – Interim Financial Reporting, issued by the Interna tional Accounting Standards Board – (IASB), as well as for the presentation of this information in a manner consistent with the standards issued by the Securities and Exchange Commission, applicable to the preparation of the Quarterly Information (ITR). HIGHLIGHTS OF THE 2nd QUARTER OF 2026 Marcopolo's Total Production reached 4,105 units, 8.0% higher than 2Q25. Net Revenue totaled R$ 2,373.3 million, an increase of 3.0% compared to 2Q25. Gross Profit reached R$ 519.7 million, with a margin of 21.9%. EBITDA totaled R$ 338.6 million, with a margin of 14.3%. Net Income was R$ 271.2 million, with a margin of 11.4%. (R$ million and variation in percentage, except when otherwise indicated). Selected Information 2Q26 2Q25 Var. % 1H26 1H25 Var. % Net operating revenue 2,373.3 2,305.1 3.0% 4,028.5 3,982.5 1.2% Revenues in Brazil 1,462.1 1,313.7 11.3% 2,361.8 2,246.2 5.1% Export revenue from Brazil 289.9 249.4 16.2% 449.2 424.5 5.8% Revenue abroad 621.3 742.0 -16.3% 1,217.5 1,311.8 -7.2% Gross Profit 519.7 593.2 -12.4% 893.1 977.5 -8.6% EBITDA (1) 338.6 398.3 -15.0% 643.3 660.3 -2.6% Net Income 271.2 321.1 -15.5% 535.8 564.2 -5.0% Earnings per Share 0.218 0.285 -23.3% 0.432 0.501 -13.8% Return on Invested Capital (ROIC) (2) 23.0% 26.1% -3.1 p.p. 23.0% 26.1% -3.1 p.p. Return on Shareholders' Equity (ROE) (3) 31.5% 30.3% 1.2 pp 31.5% 30.3% 1.2 pp Investments 69.1 65.6 5.4% 124.1 133.1 -6.7% Gross Margin 21.9% 25.7% -3.8 p.p. 22.2% 24.5% -2.3 p.p. EBITDA Margin 14.3% 17.3% -3 p.p 16.0% 16.6% -0.6 p.p. Net Margin 11.4% 13.9% -2.5 pp 13.3% 14.2% -0.9 p.p. Balance Sheet Data 06/30/2026 03/31/2026 Var. % Shareholders' Equity 4,240.2 4,061.3 4.4% Cash, cash equivalents and financial investments 1,588.4 1,828.4 -13.1% Short-term financial liabilities -1,093.4 -1,047.7 -4.4% Long-term financial liabilities -2,311.0 -2,336.6 1.1% Net financial liabilities – Industrial Segment -475.1 -251.0 -89.3% Notes: (1) EBITDA = Profit before interest, taxes, depreciation and amortizations; (2) ROIC (Return on Invested Capital) = (Nopat of the last 12 months) / (customers + inventories + other accounts receivable + investments + fixed assets + intangible assets - suppliers - other accounts payable). Banco Moneo's effects on the assets and liabilities base were excluded from the calculation. (3) ROE (Return on Equity) = Net Income for the last 12 months /Initial Shareholders' Equity; pp = percentage points.
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CONSOLIDATED INFORMATION – 2Q26 PERFORMANCE OF THE BRAZILIAN BUS SECTOR In 2Q26, Brazilian bus body production reached 7,634 units, 12.0% higher than in 2Q25. a) Domestic Market: Production destined for the domestic market totaled 6,841 units in the quarter, 17.5% higher than the 5,822 units produced in 2Q25. b) Foreign Market: Exports totaled 793 units in 2Q26, 20.3% lower than the 995 units exported in the same quarter of 2025. BRAZILIAN BUS BODY PRODUCTION (in units) PRODUCTS (1) 2Q26 2Q25 Var. MI ME (2) TOTAL MI ME (2) TOTAL % Coach 1,063 623 1,686 1,478 630 2,108 -20.0% City Bus 1,943 56 1,999 2,187 189 2,376 -15.9% Micros 3,134 40 3,174 1,532 74 1,606 97.6% Volares 701 74 775 625 102 727 6.6% TOTAL 6,841 793 7,634 5,822 995 6,817 12.0% PRODUCTS (1) 1H26 1H25 Var. MI ME (2) TOTAL MI ME (2) TOTAL % Coach 1,981 1,102 3,083 2,617 1,156 3,773 -18.3% City Bus 3,969 111 4,080 4,564 219 4,783 -14.7% Micros 4,984 85 5,069 2,929 115 3,044 66.5% Volares 1,500 98 1,598 1,429 116 1,545 3.4% TOTAL 12,434 1,396 13,830 11,539 1,606 13,145 5.2% Source: FABUS (National Association of Bus Manufacturers). Notes: (1) MI = Domestic Market; ME = Foreign Market, units produced for export; (2) Includes units exported in PKD (partially disassembled).
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CONSOLIDATED INFORMATION – 2Q26 OPERATIONAL AND FINANCIAL PERFORMANCE OF MARCOPOLO Units recorded in Net Revenue In 2Q26, 4,155 units were recorded in net revenue, of which 3,405 were billed to Brazil (81.9% of the total), 356 exported from Brazil (8.6%) and 394 from overseas operations (9.5%). OPERATIONS (in units) 2Q26 2Q25 Var. % 1H26 1H25 Var. % BRAZIL: - Domestic Market 3,405 2,868 18.7% 5,796 5,377 7.8% - Foreign Market 368 518 -29.0% 661 902 -26.7% SUBTOTAL 3,773 3,386 11.4% 6,457 6,279 2.8% Exported KD eliminations (1) 12 175 -93.1% 73 308 -76.3% TOTAL IN BRAZIL 3,761 3,211 17.1% 6,384 5,971 6.9% OVERSEAS: - South Africa 61 102 -40.2% 145 200 -27.5% - Argentina 58 140 -58.6% 132 217 -39.2% - Australia 170 142 19.7% 346 282 22.7% - China 38 37 2.7% 61 71 -14.1% - Mexico 67 272 -75.4% 103 459 -77.6% TOTAL OVERSEAS 394 693 -43.1% 787 1,229 -36.0% GRAND TOTAL 4,155 3,904 6.4% 7,171 7,200 -0.4% Note: (1) KD (Knock Down) = Disassembled bodies. PRODUCTION Marcopolo's consolidated production totaled 4,105 units in 2Q26, up 8.0% compared to 2Q25. In Brazil, production reached 3,675 units, 19.4% higher than in 2Q25, while overseas production was 430 units, 40.5% lower than the units produced in the same period of the previous year. Compared to the same quarter of 2025, volume growth was concentrated in micro production for the federal Caminhos da Saúde (Road to Health) program, offsetting sharp declines in the coach and city bus segments in both the domestic and export markets. Marcopolo's production data and its respective comparison with the previous year are presented in the following table:
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CONSOLIDATED INFORMATION – 2Q26 MARCOPOLO - CONSOLIDATED WORLD PRODUCTION OPERATIONS (in units) 2Q26 2Q25 Var. % 1H26 1H25 Var. % BRAZIL: (1) - Domestic Market 3,321 2,733 21.5% 5,717 5,259 8.7% - Foreign Market 366 519 -29.5% 665 874 -23.9% SUBTOTAL 3,687 3,252 13.4% 6,382 6,133 4.1% Exported KD eliminations (2) 12 175 -93.1% 73 308 -76.3% TOTAL IN BRAZIL 3,675 3,077 19.4% 6,309 5,825 8.3% OVERSEAS: - South Africa 52 102 -49.0% 124 200 -38.0% - Argentina 79 145 -45.5% 134 222 -39.6% - Australia 174 142 22.5% 350 284 23.2% - China 39 34 14.7% 60 71 -15.5% - Mexico 86 300 -71.3% 125 492 -74.6% TOTAL OVERSEAS 430 723 -40.5% 793 1,269 -37.5% GRAND TOTAL 4,105 3,800 8.0% 7,102 7,094 0.1% Notes: (1) KD (Knock Down) = Disassembled bodies. MARCOPOLO – WORLDWIDE PRODUCTION CONSOLIDATED BY MODEL PRODUCTS/MARKETS (2) 2Q26 2Q25 (in units) MI ME (1) TOTAL MI ME (1) TOTAL Coach 515 385 900 779 569 1,348 City Bus 387 305 692 597 521 1,118 Micros 1,718 32 1,750 732 50 782 SUBTOTAL 2,620 722 3,342 2,108 1,140 3,248 Volares 701 74 775 625 102 727 TOTAL PRODUCTION 3,321 796 4,117 2,733 1,242 3,975 PRODUCTS/MARKETS (2) 1H26 1H25 (in units) MI ME (1) TOTAL MI ME (1) TOTAL Coach 901 695 1,596 1,272 1,021 2,293 City Bus 725 563 1,288 1,098 919 2,017 Micros 2,591 102 2,693 1,460 87 1,547 SUBTOTAL 4,217 1,360 5,577 3,830 2,027 5,857 Volares 1,500 98 1,598 1,429 116 1,545 TOTAL PRODUCTION 5,717 1,458 7,175 5,259 2,143 7,402 Notes: (1) MI = Domestic Market; ME = Foreign Market. (2) The total ME production includes the units exported in KD (disassembled bodies);
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CONSOLIDATED INFORMATION – 2Q26 MARCOPOLO - PRODUCTION IN BRAZIL PRODUCTS/MARKETS (2) 2Q26 2Q25 (in units) MI ME (1) TOTAL MI ME (1) TOTAL Coach 515 263 778 779 340 1,119 City Bus 387 23 410 597 27 624 Micros 1,718 6 1,724 732 50 782 SUBTOTAL 2,620 292 2,912 2,108 417 2,525 Volares 701 74 775 625 102 727 TOTAL PRODUCTION 3,321 366 3,687 2,733 519 3,252 PRODUCTS/MARKETS (2) 1H26 1H25 (in units) MI ME (1) TOTAL MI ME (1) TOTAL Coach 901 479 1,380 1,272 627 1,899 City Bus 725 44 769 1,098 44 1,142 Micros 2,591 44 2,635 1,460 87 1,547 SUBTOTAL 4,217 567 4,784 3,830 758 4,588 Volares 1,500 98 1,598 1,429 116 1,545 TOTAL PRODUCTION 5,717 665 6,382 5,259 874 6,133 Note: See notes in the Consolidated World Production by Model table. PARTICIPATION IN THE BRAZILIAN MARKET Marcopolo's market share in Brazilian bus body production was 48.3% in 2Q26, compared to 47.7% in 2Q25. PARTICIPATION IN BRAZILIAN PRODUCTION (%) PRODUCTS 2Q26 1Q26 2Q25 1H26 2025 Coach 46.1 43.1 53.1 44.8 50.6 City Bus 20.5 17.3 26.3 18.8 26.4 Micros 63.3 63.8 64.7 63.5 65.0 TOTAL (1) 48.3 43.5 47.7 46.1 47.1 Source: FABUS. Note: (1) Volare models were computed as micros.
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CONSOLIDATED INFORMATION – 2Q26 NET REVENUE Consolidated net revenue reached R$ 2,373.3 million in 2Q26, of which R$ 1,462.1 million came from the domestic market (61.6% of the total), R$ 289.9 million from exports from Brazil (12.2% of the total) and R$ 621.3 million originated from the Company's international operations (26.2% of the total). In 2Q26, the 3.0% growth in net revenue was driven by higher micro deliveries and increased exports from Brazil. The table and charts below present the net revenue opening by products and markets: CONSOLIDATED TOTAL NET REVENUE By Products and Markets (R$ Million) PRODUCTS/MARKETS (1) 2Q26 2Q25 MI ME TOTAL MI ME TOTAL Coach 327.0 370.7 697.7 432.2 476.9 909.1 City Bus 157.4 431.5 588.9 204.1 383.5 587.6 Micros 388.8 32.1 420.9 173.0 16.4 189.4 Bodies subtotal 873.2 834.3 1,707.5 809.3 876.8 1,686.1 Volares (2) 429.7 33.9 463.6 404.2 46.5 450.7 Chassis 7.0 13.6 20.6 0.7 1.8 2.5 Bco. Moneo 75.3 0.0 75.3 62.0 0.0 62.0 Parts and Others 76.9 29.4 106.3 37.5 66.3 103.8 GRAND TOTAL 1,462.1 911.2 2,373.3 1,313.7 991.4 2,305.1 PRODUCTS/MARKETS (1) 1H26 1H25 MI ME TOTAL MI ME TOTAL Coach 497.9 653.5 1,151.4 672.5 844.3 1,516.8 City Bus 298.9 780.0 1,078.9 355.6 695.5 1,051.1 Micros 505.2 84.4 589.6 272.0 28.9 300.9 Bodies subtotal 1,302.0 1,517.9 2,819.9 1,300.1 1,568.7 2,868.8 Volares (2) 766.4 44.9 811.3 742.9 54.8 797.7 Chassis 9.5 39.6 49.1 9.5 8.3 17.8 Bco. Moneo 146.6 0.0 146.6 119.4 0.0 119.4 Parts and Others 137.3 64.3 201.6 74.3 104.5 178.8 GRAND TOTAL 2,361.8 1,666.7 4,028.5 2,246.2 1,736.3 3,982.5 Notes: (1) MI = Domestic Market; ME = Foreign Market, units exported and produced in international operations by controlled companies; (2) Volares revenue includes chassis.
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CONSOLIDATED INFORMATION – 2Q26 GROSS INCOME AND MARGIN Consolidated gross profit in 2Q26 reached R$ 519.7 million, with a margin of 21.9%, against R$ 593.2 million with a margin of 25.7% in 2Q25. The reduction in gross profit and gross margin reflects, in Brazil, a sales mix more concentrated in lower value -added products, with micros representing 17.7% of net revenue in 2Q26, against 8.2% in 2Q25. Rising raw material costs, particularly petroleum- based inputs, weighed on these deliveries under th e Road to Health and Road to School (Phase 12) programs, which had been priced earlier. In export markets, the appreciation of the Real against the US Dollar weighed on the profitability of exports from Brazil, while lower deliveries from international operations, particularly in Argentina and Mexico, also contributed to margin compression in the quarter. SELLING EXPENSES Selling expenses totaled R$ 97.9 million in 2Q26, or 4.1% of net revenue, against R$ 101.4 million in 2Q25, 4.4% of net revenue. GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses totaled R$ 112.3 million in 2Q26, or 4.7% of net revenue, while in 2Q25 these expenses totaled R$ 120.6 million, or 5.2% of net revenue. OTHER NET OPERATING REVENUE/EXPENSES In 2Q26, R$ 26.5 million was recorded as “Other Operating Expenses” against R$ 15.2 million recognized as “Other Operating Expenses” in 2Q25. The main negative effect on the "Other Operating Expenses" line refers to restructuring costs of the Argentine subsidiary Metalsur, with a non -recurring impact of R$ 10.4 million in 2Q26, associated with workforce adjustments, as the operation has been affected in the short term by lower availability of credit lines for financing the local market. The recognition of labor provisions in 2Q26 amounted to R$ 5.4 million (R$ 8.1 million in 2Q25). The Company continues adopting all necessary measures for its defense, loss reduction and mitigation of future labor risks. EQUITY METHOD RESULT The equity method result in 2Q26 was R$ 12.8 million positive, against R$ 3.3 million positive in 2Q25. The main contributions to the result were the performance of the Colombian affiliate Superpolo, with R$ 3.3 million, and the affiliate responsible for manufacturing air conditioning equipment in Brazil, Spheros, with R$ 2.8 million. The Canadian affiliate NFI Group Inc. contributed R$ 4.8 million positively to the equity method result.
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CONSOLIDATED INFORMATION – 2Q26 The equity method result is presented in detail in the Investments note to the financial statements. NET FINANCIAL RESULT The net financial result in 2Q26 was positive at R$ 29.1 million, compared to a positive result of R$ 42.7 million recorded in 2Q25. In the quarter, the Company recognized a positive foreign exchange gain in its US dollar order backlog. The Company performs the export exchange hedge at the time of confirmation of sales orders, protecting its operating margins. As products are delivered and invoiced, the Company captures the effects of Real appreciation or depreciation in its operating margins or financial result, as was the case in 2Q26. The financial result is presented in detail in the Financial Result Explanatory Note. EBITDA EBITDA was R$ 338.6 million in 2Q26, with a margin of 14.3%, versus R$ 398.3 million and a margin of 17.3% in 2Q25. In the quarter, EBITDA was negatively affected by the delivery mix in Brazil, especially the greater exposure of net revenue to the micro segment relative to the coach segment, by lower export margins due to the appreciation of the Real against the US Dollar, and by the performance of subsidiaries in Argentina and Mexico. In 2Q26, EBITDA was negatively impacted on a non -recurring basis by R$ 10.4 million due to restructuring costs at the Argentine subsidiary Metalsur. Excluding the non- recurring amount, EBITDA and EBITDA margin would have been R$ 349.0 million and 14.7%, respectively. The table below highlights the accounts that make up EBITDA: R$ million 2Q26 2Q25 1H26 1H25 Result before IR and CS 325.0 402.0 656.3 735.1 Financial Revenues -187.8 -291.2 -409.2 -507.7 Financial Expenses 158.6 248.5 310.5 355.7 Depreciation / Amortization 42.8 39.0 85.8 77.2 EBITDA 338.6 398.3 643.3 660.3
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CONSOLIDATED INFORMATION – 2Q26 NET INCOME Consolidated net income in 2Q26 was R$ 271.2 million, with a margin of 11.4%, against R$ 321.1 million and a margin of 13.9% in 2Q25. Net income in 2Q26 was affected by the same factors described under EBITDA and the financial results. FINANCIAL DEBT Net financial debt totaled R$ 1,815.9 million on 06/30/2026 (R$ 1,555.9 million on 03/31/2026). Of this total, R$ 1,340.8 million came from the financial segment (Banco Moneo) and R$ 475.1 million from the industrial segment. It should be noted that the debt from the financial segment comes from the consolidation of Banco Moneo's activities and should be analyzed separately, since it has characteristics that are different from those of the Company's industrial activities. Banco Moneo's financial liabilities are offset by the "Customers" account in the Bank's Assets. Credit risk is properly provisioned. As these are FINAME transfers, each disbursement from BNDES has an exact counterpart in Banco Moneo's customer receivables accou nt, both in term and in rate. On June 30, the net financial debt of the industrial segment represented 0.3 times EBITDA for the last 12 months. CASH GENERATION In 2Q26, operating activities consumed R$ 49.4 million in cash, investment activities, net of dividends and exchange rate variation, consumed R$ 66.8 million, while financing activities consumed R$ 125.7 million. The opening cash balance of R$ 1,828.4 million at end of March 2026, adjusted for restricted financial investments and a n additional R$ 1.9 million relates to the difference between the exchange rate variation and the variation in accounts related to restricted financial investments, resulted in a closing balance of R$ 1,588.4 million at end of June 2026. INVESTMENTS IN FIXED ASSETS In 2Q26, Marcopolo invested R$ 69.1 million in fixed assets, of which R$ 24.5 million was invested by the parent company, as follows: R$ 21.3 million in machinery and equipment, R$ 2.5 million in property and improvements and R$ 0.7 million in furniture and other fixed assets. Subsidiaries received R$ 44.6 million: R$ 24.3 million at Volare Veículos (São Mateus), R$ 12.6 million at Apolo, R$ 6.8 million at Marcopolo Australia and R$ 0.9 million at other units.
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CONSOLIDATED INFORMATION – 2Q26 CAPITAL MARKET In 2Q26, trading in Marcopolo shares totaled R$ 3,756.6 million. The participation of foreign investors in Marcopolo's share capital totaled, on June 30, 45.1% of the preferred shares and 30.4% of the total share capital. At the end of the period, the Company had 148,425 shareholders. The following tabl e shows the main indicators related to the capital market: INDICATORS 2Q26 2Q25 1H26 1H25 Transacted amount (R$ million) 3,756.6 5,553.9 8,701.7 11,766.0 Market value (R$ million) (1)(2) 7,449.4 9,044.7 7,449.4 9,044.7 Existing shares 1,249,898,603 1,136,271,458 1,249,898,603 1,136,271,458 Equity value per share (R$) 3.42 3.70 3.42 3.70 POMO4 quotation at the end of the period (R$) 5.96 7.96 5.96 7.96 Notes: (1) Quotation of the last transaction of the Preferred share period (POMO4), multiplied by the total of the shares (common and preferred) existing in the same period. (2) Of this total 8,498,257 preferred shares were in treasury on 06/30/2026. ANALYSIS & PERSPECTIVES 2Q26 presented significant challenging quarter in Brazil, driven by lower -than- expected volumes in the coach and city bus markets and a high concentration of micro deliveries, and mixed performance across international markets , with solid export performance and excellent results at Volgren in Australia, offset by lower deliveries in Argentina, Mexico and South Africa. More restrictive credit conditions, high interest rates, rising costs and elevated uncertainty weighed on customers' financial capacity and willingness to invest, particularly in fleet renewal and expansion. In Brazil, the sharp decline in coach volumes in 2Q26 reflects a more cautious market amid the macroeconomic environment. Despite lower volumes, higher value - added models retained a meaningful share of revenue, reinforcing the trend observed in recent years toward a concentration of sales in h eavier products, particularly double decker buses. For 2H26, the expectation is for sequential recovery, in line with the seasonality of customer activity and growing demand for intercity travel. Additionally, the benefits of the Move program are expected to be concentrated mainly in 3Q26, supporting delivery volumes. In the city bus market, rising diesel prices and the need for operators to pass on costs continued to be the main obstacles to unlocking new purchases in the near term. On the other hand, the enactment of the New Legal Framework for Public Mass Transit (Law No. 15,432/26 ), which establishes greater economic sustainability for transit systems, a clear separation between passenger fares and operator remuneration, enhanced contractual legal certainty, and improved service coverage and quality , may foster the resumption of fleet renewals cycles in a segment where fleet age remains
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CONSOLIDATED INFORMATION – 2Q26 elevated. In 2Q26, Marcopolo delivered 67 Attivis electric buses, versus 15 units in 2Q25, bringing the 1H26 total to 72 units, compared to 47 in 1H25. The micros and Volares segment posted significant sales growth in 2Q26, standing out as the quarter's key positive. The deliveries are linked to remaining orders under Phase 12 (2023) of the Caminho da Escola program and to orders for the Ministry of Health. In 2Q26, the Company delivered 384 micros and 59 Volares , a total of 443 units, against 658 units in 2Q25, of which 625 were micros and 33 were Volares. A total of 1,246 micros were delivered to the Ministry of Health during the period. For 2H26, the Company is awaiting ratification of the Phase 13 Caminho da Es cola tender results, from April 14, 2026, in which Marcopolo qualified to supply, directly or indirectly, up to 7,210 units (620 Volares, 2,220 urban and 4,370 micro). Delays in the ratification of the Caminho da Escola tender, combined with the absence of new confirmed orders from the Ministry of Health, weigh on the production outlook for 3Q26, with volume recovery expected in 4Q26. Exports from Brazil showed resilience in the quarter, with a contraction in units but growth in revenue, supported by solid performance in traditional markets such as Peru and Chile through sales of higher value -added products, particularly coaches. The decline in deliveries to Argentina, particularly of partially dismantled units shipped under the PKD regime, is reflected in Metalsur's results, as the units are completed and invoiced in Argentina rather than in the export revenue line. Additionally , the appreciation of the Real against the US Dollar remains a source of pressure on profitability and a challenge for volume growth throughout the year. In international operations, the Company saw diverging performances across countries. Marcopolo Australia (Volgren) was again the standout performer, delivering volume, revenue and profitability growth in 2Q26, supported by a favorable product mix and a strong order backlog. The operation continues to meet and exceed its 2026 targets, while already presenting favorable prospects for 2027. Marcopolo Argentina (Metalsur) confirmed the less favorable outlook for the year and underwent a restructuring process aimed at right -sizing its local operations to a more challenging market environment , a scenario expected to persist through 2H26. The Company remains confident in the long - term potential of the Argentine market and continues to monitor fleet renewal opportunities, with a focus on an eventual recovery from 2027 onward. Marcopolo Mexico (Polomex) maintained a pace similar to that seen at the start of 2026, reflecting a persistently difficult market environment with no near -term signs of recovery. In this context, customers remain cautious, awaiting greater visibility regarding the terms of the trade agreement with the United States. Marcopolo South Africa (MASA) also saw a deterioration in its market environment, prompting a revision of the 2026 outlook in response to weak demand and local instability. Marcopolo China (MAC) continues to face the challenge of sustaining results in 2026, while strengthening its role as a technology and sourcing hub for the Company. Among affiliates, Colombia's Superpolo maintained consistent performance, while awaiting further developments i n the tender process for Bogotá's public transit system. Canada's NFI made a positive contribution in the quarter, reversing the negative impact recognized by Marcopolo in 2Q25. The Company's robust order book should
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CONSOLIDATED INFORMATION – 2Q26 continue to underpin its recovery trajectory, with a focus on gradually restoring profitability to pre-pandemic levels. The launch of new products and the realization of significant investments made over recent years , including chassis initiatives in the Volare segment and alternative propulsion solutions, are contributing to the consolidation of a new Marcopolo. Product differentiation, a hallmark of the Company throughout its history, is now extending to new solutions, reinforcing Marcopolo's leadership across different markets. Even in a challenging envir onment, with indications of lower volumes compared to 2025, the Company will continue to pursue growth opportunities while maintaining disciplined capital allocation, a focus on value creation, and a commitment to delivering solid results. The Management.
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CONSOLIDATED INFORMATION – 2Q26 BALANCE SHEET 06/30/26 12/31/25 Current Assets Cash and cash equivalents 1.587.320 2.221.811 Short-term investments valued at fair value - - Derivatives financial instruments 1.127 145 Trade accounts receivable 1.938.207 1.526.718 Inventories 1.946.436 1.771.089 Recoverable taxes 182.573 196.850 Other accounts receivable 236.037 232.449 5.891.700 5.949.062 Non-current Assets Related parties - - Financial assets available for sale - - Recoverable taxes 258.901 275.879 Deferred income tax and social contribution 236.565 278.951 Judicial Deposits 43.790 40.480 Trade accounts receivable 1.035.478 962.302 Other accounts receivable 4.809 4.016 Investments 462.712 386.070 Investment Property 44.772 45.098 Property, plant and equipment 1.542.482 1.481.206 Intangible assets 294.210 299.582 3.923.719 3.773.584 TOTAL ASSETS 9.815.419 9.722.646 30/06/26 31/12/25 Current Liabilities Suppliers 813.221 595.686 Loans and financing 1.089.436 1.193.030 Derivative financial instrucions 3.935 10.664 Salaries and vacation pay 369.627 355.275 Taxes and contributions payable 158.886 306.747 Related parties - - Advances from customers 200.793 260.420 Comissioned representatives 35.513 42.123 Interest on own capital and dividends 4.754 4.800 Management profit sharing 7.278 9.967 Other accounts payable 348.223 367.789 3.031.666 3.146.501 Non-current Liabilities Loans and financing 2.310.995 2.499.504 Provision 136.446 134.120 Taxes contributions payable - - Employees' pension plan and benefits - - Obligations to purchase equity interests - - Other accounts payable 37.653 46.992 2.485.094 2.680.616 Stockholders' equity Capital 3.039.802 3.039.802 Capital reserves (19.805) (20.013) Revenue reserves 995.733 562.761 Treasury stock (44.911) (49.259) Equity valuation adjustments 269.351 299.077 4.240.170 3.832.368 Non-controling Interest 58.489 63.161 4.298.659 3.895.529 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 9.815.419 9.722.646 www.cvm.org.br e www.bmfbovespa.com.br ASSETS Consolidated L I A B I L I T I E S A N D S T O C K H O L D E R S' E Q U I T Y Consolidated The consolidated financial statements, the notes and the report of independent auditors KPMG Auditores Independentes are available at the sites:
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CONSOLIDATED INFORMATION – 2Q26 2Q26 2Q25 Net sales and service revenues 2.373.276 2.305.085 Cost of sales and services (1.853.557) (1.711.879) Gross Profit 519.719 593.206 Operating income (expenses) 0,0% 0,0% Selling expenses (97.933) (101.424) Administrative expenses (112.304) (120.629) Other operating income (expenses), net (26.466) (15.168) Equity in the results of investees 12.789 3.305 Net income (loss) from operations 295.805 359.290 Financial revenue 187.750 291.197 Financial expenses (158.602) (248.536) Financial Income/loss 29.148 42.661 Equity in earnings of affiliates 324.953 401.951 Profit before income tax and social contribution Income taxes and social contribution Current (53.180) (60.700) DefferedDeferred (557) (20.163) - - Net income from continued operations 271.216 321.088 Net income per share - R$ 0,21848 0,28490 STATEMENTS OF INCOME A C C O U N T S Consolidated www.cvm.org.br e www.bmfbovespa.com.br The consolidated financial statements, the notes and the report of independent auditors KPMG Auditores Independentes are available at the sites:
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CONSOLIDATED INFORMATION – 2Q26 CASH FLOWS 2Q26 2Q25 Cash flows from operating activities Net income for the period 271.216 321.091 Cash generated by (used in) operating activities: - Depreciation and amortization 42.750 38.983 Loss on Asset Recovery - - Cost of selling investment assets, fixed assets and intangible assets 1.172 316 Equity in the results of investees (12.789) (3.305) Expected credit losses 7.687 4.649 Current and deferred income tax and social contribution 53.737 80.862 Interest and appropriated exchange variations 32.637 (31.376) Provision for labor contingencies 6.360 8.073 Advantageous Purchase - - Provision for inventory losses (2.887) 12.113 Non-controling Interest - - Variation in bonds and securities (857) (203) Provision for guarantees 21.028 19.477 Provision for estimated loan loss - Monetary correction for hyperinflation (7.686) Changes in assets and liabilities (Increase) decrease in trade accounts receivable (489.065) (296.233) (Increase) decrease in other accounts receivable (489.065) (296.233) (Increase) decrease in inventories (18.330) (35.584) (Increase) decrease in short-term investment (20.680) (32.535) Increase (decrease) in suppliers 87.314 53.511 (Increase) decrease in actuarial liabilities - - Increase (decrease) in accounts payable (10.905) 31.842 Cash flows from operating activities (39.298) 155.490 Income Tax and Social Contribution paid (10.111) (19.192) Net cash provided by (used in) operating activities (49.409) 136.298 Cash flows from investing activities Investments - (22.278) Related parties - - Dividends from subsidiaries, jointly-controlled entities and associates 1.965 8.303 Purchase of fixed assets (68.758) (64.502) Purchase of intangible assets (400) (1.094) Proceeds from sale of fixed 405 46 Net cash obtained in investing activities (66.788) (79.525) Cash flows from financing activities Issued shares - - Treasury stock 553 74 Borrowings from trird parties 340.875 611.969 Payment of borrowings - principal (306.510) (331.682) Payment of borrowings - interest (46.223) (37.531) Interest on capital and dividends (105.518) (95.798) Payment of Leases (8.907) (7.602) Net cash applied financing activities (125.730) 139.430 Foreign exchange gains on cash and cash equivalents 1.064 (5.571) Foreign exchange gains/(losses) on cash equivalents 1.064 (5.571) Cash and cash equivalents at the beginning of the period 1.828.183 - Cash and cash equivalents at the end of the period 1.587.320 190.632 Net increase (decrease) in cash and cash equivalents (240.863) 190.632 Statement of Cash Flows Consolidated The consolidated financial statements, the notes and the report of independent auditors KPMG Auditores Independentes are available at the sites: www.cvm.org.br e www.bmfbovespa.com.br