GERDAU S.A. - CONSOLIDATED INFORMATION

Rhea-AI Summary

Gerdau S.A (BM: GGBR3/GGBR4, NYSE: GGB) reported 4Q25 adjusted EBITDA of R$2.4 billion, down 13% versus 3Q25 and flat with 4Q24. North America represented 62% of consolidated EBITDA in 2025. CAPEX was R$1.5 billion in 4Q25 and R$6.1 billion for 2025; the 2026 plan is R$4.7 billion.

The board approved a dividend of R$0.10 per share (R$197.5 million) payable based on March 18, 2026, completed a ~R$1.0 billion 2025 buyback, and authorized a new buyback of up to 56.4 million shares over 18 months.

Positive

• Dividend R$0.10 per share (R$197.5 million)
• 2025 shareholder distributions total R$2.4 billion
• Completed ~R$1.0 billion 2025 share buyback
• Board approved buyback up to 56.4 million shares
• 2025 CAPEX R$6.1 billion; 2026 plan R$4.7 billion

Negative

• Adjusted EBITDA R$2.4 billion, down 13% quarter-over-quarter
• EBITDA concentration: North America 62% of consolidated EBITDA

Key Figures

Adjusted EBITDA: R$2.4 billion 4Q25 CAPEX: R$1.5 billion 2025 CAPEX: R$6.1 billion +5 more

8 metrics

Adjusted EBITDA R$2.4 billion 4Q25, 13% lower than 3Q25 and in line with 4Q24

4Q25 CAPEX R$1.5 billion Investments (CAPEX) in 4Q25

2025 CAPEX R$6.1 billion Total investments in 2025

2026 CAPEX plan R$4.7 billion Approved investment plan for 2026

Dividend per share R$0.10 per share Dividend distribution based on March 18, 2026

Dividend payment total R$197.5 million Total dividend distribution based on March 18, 2026

2025 shareholder distributions R$2.4 billion Dividends and share buybacks in 2025, 182.3% shareholder return

2025 share buybacks R$1.0 billion Total repurchases under 2025 buyback program

Market Reality Check

normal vol

Market Pulse Summary

This announcement details 4Q25 results and capital allocation priorities, with adjusted EBITDA of R$...

Analysis

This announcement details 4Q25 results and capital allocation priorities, with adjusted EBITDA of R$2.4 billion, 2025 CAPEX of R$6.1 billion, and a 2026 investment plan of R$4.7 billion. The company emphasized shareholder returns, distributing R$2.4 billion in 2025 and completing a R$1.0 billion buyback while authorizing up to 56.4 million additional shares. Investors may track future EBITDA trends and execution of the new buyback program.

Key Terms

ebitda, capex

2 terms

ebitda financial

"Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$2.4 billion"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

capex financial

"Investments (CAPEX) of R$1.5 billion in 4Q25, totaling R$6.1 billion in 2025"

Capex, short for capital expenditures, refers to the money a company spends to buy, upgrade, or maintain physical assets such as buildings, equipment, or technology. It matters to investors because these investments can help a company grow and improve its long-term performance, but they also represent significant costs that can impact profitability and cash flow.

AI-generated analysis. Not financial advice.

SÃO PAULO, Feb. 23, 2026 /PRNewswire/ -- 4Q25 Highlights

• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$2.4 billion in 4Q25, 13% lower than in 3Q25 and in line with 4Q24. Notably, North America accounted for 62% of the Company's Consolidated EBITDA in 2025.
• Investments (CAPEX) of R$1.5 billion in 4Q25, totaling R$6.1 billion in 2025. For 2026, the approved investment plan projects R$ 4.7 billion in CAPEX.
• Dividend distribution of R$0.10 per share, equivalent to R$197.5 million, to be paid based on March 18, 2026. In 2025, Gerdau S.A. distributed R$2.4 billion to shareholders through dividend and share buybacks, reaching a 182.3% shareholder return.
• The Company concluded its 2025 share buyback program, totaling approximately R$1.0 billion in repurchases. Additionally, the Company's Board of Directors approved a new share buyback program of up to 56.4 million Gerdau S.A. shares, with a term of up to 18 months.

Additional information

Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 4Q25 results at the Securities and Exchange Commission (SEC) and at the Comissão de Valores Mobiliários (CVM), which are available at Gerdau's website. To access this document, please click on: https://ri.gerdau.com/en/notices-and-results/results-center/.

The 4Q25 Valuation Guide is also available on Gerdau's website.

https://ri.gerdau.com/en/financial-information/valuation-guide/ 

View original content:https://www.prnewswire.com/news-releases/gerdau-sa--consolidated-information-302695031.html

SOURCE Gerdau S.A.

FAQ

What was Gerdau's adjusted EBITDA in 4Q25 and how did it change (BM/GGB)?

Adjusted EBITDA for 4Q25 was R$2.4 billion, down 13% versus 3Q25. According to the company, the 4Q25 figure is in line with 4Q24, indicating quarterly contraction but year-end stability.

How much dividend did Gerdau announce for shareholders and when is the payment date (BM/GGB)?

Gerdau announced a dividend of R$0.10 per share, equal to R$197.5 million. According to the company, the dividend will be paid based on a record date of March 18, 2026.

What are Gerdau's CAPEX figures for 2025 and the approved 2026 investment plan (BM/GGB)?

Gerdau reported R$6.1 billion total CAPEX for 2025 and R$1.5 billion in 4Q25. According to the company, the approved CAPEX plan for 2026 projects R$4.7 billion in investments.

What did Gerdau disclose about its share buyback programs and scale (BM/GGB)?

Gerdau completed its 2025 buyback at approximately R$1.0 billion and approved a new program for up to 56.4 million shares. According to the company, the new program runs for up to 18 months.

How concentrated was Gerdau's EBITDA by region in 2025 (BM/GGB)?

North America accounted for 62% of consolidated EBITDA in 2025. According to the company, this shows a significant regional earnings concentration that may affect sensitivity to North American markets.