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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!

Portfolio Results

In the second quarter of this year, Motiva achieved a net profit of R$ 897.2 million, a growth of 234.9% compared to Q2 2024. The result reflects the benefits of optimizing the BR-163/MS concession contract and the termination of the ferry operation in Rio de Janeiro. At Nexa, adjusted EBITDA reached US$ 161 million, a 29% increase compared to the previous quarter. This growth was driven by higher sales volumes from smelters and by-products, as well as better prices for copper, lead, silver, and gold. The company’s net profit for the period was US$ 13 million.

Investment in Mato Grosso

Votorantim Cimentos has announced investments of R$ 330 million in the state of Mato Grosso, Brazil, with expansions and modernizations in the cities of Nobres and Cuiabá. The projects include a new cement grinding unit at the Nobres plant, which will increase production capacity by 60%; a more than 20% expansion in agricultural limestone production, also in Nobres, reaching 900,000 tons per year; and the installation of a tire shredding facility in Cuiabá for the sustainable disposal of waste and reduction of CO₂ emissions. Construction will begin in 2025, with completion expected by the end of 2026.

Financial Market Trends

Banco BV, in partnership with Snaq, developed a study on the main trends in the financial market. In addition to the evolution of large AI models, the past year was also marked by the increasing electrification and connectivity of the global vehicle fleet, major climate events raising concerns about the future of the climate, and the advancement of CBDCs and tokenized financial infrastructure. In the study, executives discuss these and other developments, based on a curation of over 500 expert citations. Access it here (Portuguese).