Gerdau S.A. 3Q25 Earnings Release and Financial Highlights

Gerdau S.A. reported its 3Q25 financial results, highlighting a 10% year-over-year growth in steel shipments, particularly in North America. The company achieved an Adjusted EBITDA of R$2.7 billion, with North America contributing 65% to the consolidated EBITDA. Gerdau also announced a CAPEX guidance of R$4.7 billion for 2026, a 22% reduction compared to the 2025 estimate. The company approved dividends of R$0.28 per share for Gerdau S.A. and R$0.19 per share for Metalúrgica S.A., payable on December 11, 2025. Additionally, Gerdau executed 88% of its share buyback program, repurchasing approximately 56.8 million shares. The company's leverage ratio stood at 0.81x, reflecting a healthy financial position. Gerdau also highlighted the progress of its sustainable Miguel Burnier mining project, which is 90% complete and expected to start operations in 4Q25.