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Welcome to our bi-weekly newsletter, where we share news about Votorantim and the companies in our portfolio, along with updates and insights about the market. Click on “Subscribe” to follow upcoming editions!

Quarterly Results

The portfolio companies have released their results for the first quarter of the year. See the highlights below:

Motiva: Record Net Profit Closed Q1 2025 with an adjusted net profit of R$539 million, the highest ever recorded by the company for this period and 20.2% higher than Q1 2024. Adjusted net revenue reached R$3.95 billion, a 7.5% year-over-year increase, and adjusted EBITDA rose 13.9%, reaching R$2.53 billion. Access here.

Nexa: Positive Results Reported a net profit of USD29 million, reversing the negative results of the previous quarter. Adjusted EBITDA was USD125 million. Highlights include a successful issuance of USD500 million in bonds and progress in circular economy, digitalization, and new mining technologies. See more.

Auren: Highest EBITDA in History Adjusted EBITDA grew 66% compared to Q1 2024, reaching the highest value in Auren’s history. Net revenue was R$3 billion, 34% higher than the same period last year, while net profit reached R$54 million for the quarter. Commercial operations were also a highlight, with an average volume of 4.9 GW of energy traded. Check it out.

Hypera: Record Operating Cash Flow Achieved a 6.9% growth in sell-out, with notable progress in pharmaceutical retail and market share gains in the institutional market. Operating cash flow reached R$570 million, the highest ever for a first quarter. See more.

Banco BV: Record Return BV’s quarterly ROE reached a record level of 16% for the second consecutive quarter. Net profit for Q1 2025 was R$480 million, 49.6% higher than Q1 2024. The credit portfolio expanded to R$90.4 billion. In used light vehicle financing, there was a 9.3% increase, and in new, heavy vehicles and motorcycles, a 38.7% increase. Check it out.

The results of Votorantim S.A. for the first quarter of 2025 were released last Thursday (15th). Access here.

BV’s Leadership in the Automotive World

Reinforcing its identity and leadership in the vehicle sector, BV is sponsoring driver Felipe Baptista in Stock Car, one of the largest motorsport events in Brazil. João Schmidt, CEO of Votorantim, Gustavo Sousa, the new CEO of Banco BV, and Mauro Neto, Executive Director of Votorantim, attended the opening of the new season. The sponsorship also includes the presence of the NaPista brand, BV’s vehicle buying and selling marketplace. The bank has a strong presence in the automotive market and has been the leader in used light vehicle financing in Brazil for 12 consecutive years.

Sustainable Cement

To analyze the concept of a sustainable product, it’s essential to go beyond the characteristics of the products and solutions themselves. It’s also necessary to consider aspects related to the value chain. In a LinkedIn article, Alvaro Lorenz, Global Director of Sustainability at Votorantim Cimentos, discusses how the company has been producing products with lower CO₂ emissions and highlights the goal of generating significant revenue from sustainable products and solutions — in 2024, VC already reached 45% in this indicator. Read here (Portuguese).