AMOB3: quote, dividends and indicators for Automob

Automob Participações S.A. is a holding company of the SIMPAR Group that concentrates the group’s businesses in light and heavy vehicle dealerships, machinery and equipment, with common shares traded on B3 under the ticker AMOB3. The company was created in November 2019, originally named Vamos Comércio de Máquinas Linha Amarela S.A., initially focused on heavy vehicles and on consolidating operations in trucks, tractors, machinery, and equipment. On November 27, 2024, it obtained a category “A” public company registration with the CVM and its shares began to be listed and admitted to trading on B3, a step linked to a corporate reorganization within the SIMPAR Group that involved Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. and the former Automob S.A. At the end of 2024, the merger of Automob S.A. into Automob Participações S.A. was completed, combining the heavy-vehicle operation with the light-vehicle business and forming a dealership group with diversified operations in light and heavy vehicles, agricultural machinery, and yellow-line equipment.

Automob’s trajectory in the light-vehicle segment began in 1995 with the acquisition of Original Autos, which became the basis for network expansion over the years through acquisitions and organic growth. From 2021 onward, expansion gained scale with relevant moves such as the acquisition of UAB Motors, which added seven brands in 11 municipalities in São Paulo, Paraná, and Santa Catarina, and the Sagamar network, later renamed Original Maranhão, which brought 12 brands and 14 stores in São Luís do Maranhão. In 2022, the integration of the Autostar and Grupo Green networks expanded its presence in luxury vehicles and in brands such as Volkswagen, Peugeot, and Citroën in the São Paulo metropolitan area. In 2023, the company continued its expansion with new dealerships, including Chinese brands such as BYD and Great Wall Motors, in addition to the acquisition of Nova Quality (Toyota, in Guarulhos and São Miguel Paulista) and the Alta and Best Point groups, with significant operations in brands such as GWM, Volkswagen, Honda, Renault, and Ford in the city of São Paulo. In December 2025, Automob operated 137 light-vehicle dealerships, representing 29 brands.

In the heavy-vehicle segment, Automob operates through subsidiaries such as Transrio, Tietê Veículos, Vamos Comércio de Máquinas Agrícolas, Vamos Máquinas e Equipamentos, DHL Distribuidora de Peças e Serviços, and HM Comércio e Manutenção de Empilhadeiras. The origins of this business arm date back to 2007, when SIMPAR acquired Transrio in Rio de Janeiro, marking its entry into Volkswagen’s truck and bus market. Over the years, the company expanded into agribusiness with the acquisition of a Valtra network in Paraná and, in 2020, obtained a dealership agreement for the Fendt brand, a German manufacturer of tractors and agricultural machinery. In 2023, Automob expanded operations with the acquisition of Tietê Veículos, becoming the largest Volkswagen Truck and Bus operation in the country, and also acquired DHL Tratores da Valtra. In 2025, the company operated 60 heavy-vehicle stores, representing seven brands, including Volkswagen, Komatsu, Valtra, Fendt, HM, Manitou, and Bomag, with 17 Transrio and Tietê stores distributed across states such as Rio Grande do Sul, São Paulo, Rio de Janeiro, Tocantins, Mato Grosso, and Sergipe, as well as 34 Valtra and Fendt dealerships in Minas Gerais, Goiás, Mato Grosso, Mato Grosso do Sul, and Paraná, five Komatsu stores, and four Toyota Forklifts stores.

Automob’s business model is based on operating a dealership network that sells new and pre-owned light vehicles, trucks, buses, agricultural machinery, and construction and mining equipment, in addition to associated after-sales services. In the light segment, the Original Concessionárias, Original Maranhão, UAB Motors, Autostar, Grupo Green, Nova Quality, Grupo Alta, Grupo Best Point, and SeuCarro operations sell passenger cars, commercial vehicles, and motorcycles, including premium and luxury segments. These operations complement vehicle sales with maintenance, body shop, painting, armored-vehicle services, sales of parts and accessories, lifestyle products mainly related to the motorcycle universe, and intermediation of financial solutions such as financing, insurance, and consortia. In the heavy segment, the Transrio, Tietê, Agromob, and Maqmob operations focus on selling new and used trucks, buses, tractors, agricultural machinery, and yellow-line equipment, combined with mechanical and maintenance services, parts, body shop, and painting.

The company structures its activities into two operating segments: light-vehicle dealerships and heavy-vehicle dealerships. At light dealerships, revenue comes from the sale of new and used vehicles, parts, accessories, workshop services, body shop and painting, armored-vehicle services, and the intermediation of financial products, including electric vehicles in its portfolio. At heavy dealerships, the business combines the sale of new and pre-owned trucks, machinery, and equipment, plus parts and accessories, with after-sales services. In 2025, Automob’s consolidated net revenue was entirely generated in Brazil, with no revenue abroad. In that same year, the light-vehicle segment accounted for the majority share of the company’s net revenue, highlighting the growing weight of this business arm in total turnover, while the heavy segment also made a relevant contribution. The customer base is diversified, with no single customer accounting for more than 10% of net revenue, which reduces concentration risk in large buyers or specific fleet owners.

Automob operates across different market profiles. In light vehicles, the company is present in three main subsegments: motorcycles, with brands such as BMW Motos, Harley-Davidson, Triumph, and Yamaha; luxury vehicles, with brands such as BMW, Jaguar, Land Rover, Mini, Volvo, and Lexus; and vehicles classified as premium, representing a broad group of automakers such as Volkswagen, Chevrolet, Chery, Citroën, Fiat, GM, Honda, Ford, Jeep, Kia, Peugeot, Renault, Dodge, Ram, Toyota, Lexus, BYD, GAC, Leapmotor, and GWM. In heavy vehicles, the company represents Volkswagen truck and bus brands, Komatsu and Bomag construction and yellow-line machinery, HM forklifts linked to the Toyota Forklifts brand, as well as Valtra and Fendt agricultural machinery and equipment and Manitou accessories. This diversification of brands and segments places Automob in different demand niches, ranging from high-income consumers in luxury vehicles to rural producers, transportation companies, construction firms, and sectors related to agribusiness and infrastructure.

Automob’s operating process is capital-intensive due to the need to maintain inventories of vehicles and parts. The company uses its accumulated knowledge in the sector to select the product mix, negotiate commercial terms with automakers, and optimize inventory turnover. Relationships with automakers are governed by dealership or distribution agreements that regulate the sale of vehicles, parts, and technical assistance services, including brand use, sales plans, and minimum stock requirements. The company acquires new vehicles directly from automakers, paying in cash or via financing arrangements with the automakers’ own banks or partner institutions. The pre-owned operation is supplied by vehicles received as part of payment in new-vehicle transactions (trade-in) and purchases from third parties, including individuals, legal entities, and rental companies, among them firms belonging to the same economic group, such as Movida. These units undergo internal appraisal, pricing based on market benchmarks, and may be directed to the company’s own stores or to other resale channels.

From a regulatory standpoint, Automob depends on a set of licenses and permits typical of commerce and service activities, such as operating permits issued by city governments, fire department inspection certificates, specific building safety documents in cities like São Paulo, and environmental licenses when applicable. Failure to comply with these requirements may result in fines, suspension of activities, or closure of facilities, as well as potential impacts on insurance coverage. Operations are also subject to environmental legislation at the federal, state, and municipal levels, covering air emissions, waste management, effluents, and conservation of protected areas, with the possibility of administrative, civil, and criminal penalties in case of violations. In the competitive arena, the company operates in fragmented and highly contested markets, both in light and heavy vehicles, and depends on maintaining contracts with automakers, which are essential to its activities, including the use of brands and access to products, training, and technical support.

Regarding environmental, social, and governance (ESG) practices, Automob is part of the SIMPAR Group’s sustainability reporting scope, which annually publishes an integrated report covering information on all its subsidiaries. This report follows international standards such as GRI, SASB, and Integrated Reporting, and considers TCFD and CDP recommendations for climate-related disclosures, in addition to linking material topics to the UN Sustainable Development Goals. Material topics include financial balance and business expansion, corporate governance and transparency, valuing people and human rights, health and safety, customer relationships, climate strategy, environmental management, innovation, and community impact. The group prepares an annual greenhouse gas emissions inventory based on the GHG Protocol methodology, with independent assurance, and maintains a structured materiality process to guide the management of ESG risks and opportunities. These initiatives reinforce that Automob, through the governance framework of its parent company, incorporates sustainability and corporate governance parameters into the conduct of its vehicle and equipment dealership businesses.