On Friday, October 2, 2026, WEG (WEGE3) presented at WEG Day 2026 a financial update for the first half of 2026 (1H26). The company reported that net operating revenue fell 3.3% compared to the same period in 2025, while revenue from the foreign market in dollars rose 15.4% in the comparison between 6M26 and 6M25. In the period, 61% of revenue came from the foreign market and 39% from the domestic market.
The company detailed performance by business line in 1H26 versus 1H25: Industrial Electro-Electronic Equipment posted a 6% increase in total revenue, with growth of 4% in the foreign market and 9% in the domestic market; Power Generation, Transmission and Distribution recorded a 14% drop in total revenue, with a 4% increase in the foreign market and a 30% decrease in the domestic market; Commercial Motors and Appliance fell 4% in total revenue, with a 6% decline in the foreign market and 2% in the domestic market; Coatings and Varnishes grew 5% in total revenue, with a 7% rise in the foreign market and 5% in the domestic market.
In a historical and operational presentation, WEG showed the evolution of consolidated net revenue, which went from R$ 9.4 billion in 2016 to R$ 40.8 billion in 2025, with a compound annual growth rate (CAGR) of 17.8%. The EBITDA margin (earnings before interest, taxes, depreciation and amortization) ranged from 15.0% in 2016 to 22.0% in 2025, with intermediate figures presented year by year. The company also reported a net cash position of R$ 3.7 billion in June 2026, with cash conversion, measured by the ratio between EBITDA for the last 12 months and operating cash flow, fluctuating over the years and reaching 78% in the second quarter of 2026.
The company highlighted a track record of increasing investments, from R$ 326 million in 2016 to R$ 2.692 billion in 2025, representing between 2.8% and 7.2% of net revenue depending on the year, and presented a R$ 3.6 billion budget for 2026. It detailed ongoing projects and new industrial investments, including R$ 100 million in a coatings plant in Mexico (completion in 2026), R$ 765 million in a transformer plant in Mexico (33,000 m², completion in 1Q27), R$ 190 million in transformers in Colombia (23,000 m², completion in 1Q27), R$ 413 million for expansion and automation of a special transformer plant in the US with a 50% increase in capacity (completion in 1Q28), and R$ 570 million in transformers in Betim (Brazil), with a total built area of 75,000 m² and an additional 42,500 m² by 2026.
Other projects include R$ 83 million in transformers in Itajubá (Brazil), with 6,000 m² and completion in 2026; R$ 128 million in transformers in Gravataí (Brazil), with 7,300 m² and completion in 4Q27; R$ 160 million in wire for commercial motors and appliance in Linhares (Brazil), with 14,000 m² and completion in 2Q27; R$ 330 million in a BESS unit (battery energy storage systems) in Itajaí (Brazil), with manufacturing capacity of 4 GWh and completion in 3Q27; and R$ 900 million in large-scale equipment in Guaramirim (Brazil), with a built area of 58,500 m² on a 734,000 m² plot and completion in 3Q28.
WEG also announced new investments in generators in North America, totaling R$ 840 million. In terms of return on invested capital, the company showed a return on invested capital (ROIC) that rose from 14.0% in 2016 to 32.5% in 2025, based on invested capital that went from 100 to 314 in the same period (2016 = 100). Among the main messages presented at the event, the company emphasized the continuity of investments, the resumption of growth and the maintenance of ROIC and operating margins at levels considered healthy by management.
