LEVE3: quote, dividends and indicators for Metal Leve

MAHLE Metal Leve S.A., historically known as Metal Leve, is a Brazilian auto parts manufacturer founded in 1951 by Ernst Mahle in partnership with the Mindlin, Gleich, Lafer, and Klabin families. The company emerged as the first piston producer in Brazil, under the name Metal Leve S.A. Indústria e Comércio, already in close technological cooperation with the MAHLE Group, which supplied technology and machinery for its industrial implementation. Metal Leve’s shares began trading on the stock exchange in 1971, on the former BOVESPA, now B3 S.A. – Brasil, Bolsa, Balcão. In 1996, the MAHLE Group acquired control of the company and, in 1998, after the merger of MAHLE Pistões Ltda., the company adopted the name MAHLE Metal Leve S.A. Throughout the 2000s, the company carried out several mergers and acquisitions in Brazil and abroad, expanding its portfolio and production capacity, including industrial assets from Dana Indústria Ltda. in Brazil and Establecimientos Metalúrgicos Edival S.A. in Argentina, in addition to setting up joint ventures and new subsidiaries. In 2011, the company fully converted its preferred shares into common shares, migrated to B3’s Novo Mercado segment, and consolidated a governance standard based on common shares under the ticker LEVE3.

MAHLE Metal Leve’s main activity is the manufacture and sale of automotive components and systems, focusing on components for internal combustion engines, thermal management systems, and filters. As part of the MAHLE Group, which operates globally in powertrain, thermal management, electrification, and the aftermarket, the company has access to international research and development platforms and works in an integrated manner with automakers in the technical definition of new products. The business model is structured to serve both the original equipment manufacturer (OEM) market, supplying vehicle manufacturers directly, and the replacement (aftermarket) market, through distributors, retailers, engine rebuilders, and specialized repair shops. Its customer base is diversified, with no dependence on individual buyers accounting for more than 10% of net operating revenue, which reduces commercial risk concentration. In 2026, the company added charging solutions for electrified vehicles to its portfolio in Brazil through the MAHLE chargeBIG platform, a modular, multi-point system with centralized energy management designed for fleets, commercial parking lots, and properties with shared charging.

From the standpoint of operating segments, Metal Leve structures its activities mainly along two lines. The Powertrain and Charging segment includes the manufacture and sale of components for powertrain systems such as pistons, piston rings, valves, connecting rods, bearings, bushings, thrust washers, cylinder liners, fire rings, camshafts, piston pins, and ring carriers, as well as mechanical superchargers and other related items. These products are intended for light and heavy vehicles with internal combustion, hybrid, or electrified engines. In 2025, this segment accounted for 82.9% of the company’s net operating revenue and 87.8% of profit before financial expenses and taxes. The Thermal and Fluid Systems segment covers fuel, air, oil, and cabin filters, intake manifolds and oil separators, as well as equipment for fluid transfer, supply, maintenance and control, and waste containment, also used in light and heavy vehicles, including hybrid and electric powertrains. In 2025, this segment represented 17.1% of net operating revenue and 12.2% of operating profit before financial income and expenses, consolidating the company’s presence in products related to thermal and fluid management. The merger of MAHLE Compressores do Brasil Ltda., approved in 2024, further expanded the thermal systems portfolio, strengthening its role in automotive compressors.

MAHLE Metal Leve’s geographic presence is supported by an industrial and logistics network that integrates operations in Brazil and Argentina, with global commercial reach. The company operates six industrial plants, five of them in Brazil, located in Mogi Guaçu (two units), São Bernardo do Campo, and Jaguariúna, in the state of São Paulo, and in Itajubá, in the state of Minas Gerais, in addition to a plant in Rafaela, Argentina. It also has two proprietary distribution centers, in Limeira (SP) and Buenos Aires, and a sales office in Panama City, which supports service to international markets. The company also maintains a Technology Center in Jundiaí (SP), which is part of the MAHLE Group’s global R&D network and works on developing technologies related to internal combustion engines, biofuels, biomaterials, and energy efficiency. This center leads filter development for the Americas, hosts the group’s Global Biomobility Center focused on solutions in biofuels and biomaterials, and serves as a Global Competence Center for air-conditioning compressors, as well as providing engineering and validation services through laboratories and simulations.

Revenue distribution by market highlights the importance of exports in Metal Leve’s sales mix. In 2025, net operating revenue totaled R$ 5,406.7 million, of which 65.6% (R$ 3,545.2 million) was attributable to customers located in Brazil. Considering the combined domestic markets of Brazil and Argentina, the share reached 71.7% of net operating revenue. The remainder comes from foreign sales to a diversified base of countries, including the United States, Mexico, Germany, Italy, Spain, Sweden, France, Portugal, Austria, Canada, Chile, Paraguay, Turkey, India, Colombia, China, Japan, and other markets in Europe, Asia, and the Americas. Among its subsidiaries, MAHLE Argentina S.A. stands out; it produces and sells automotive valves and distributes components for OEM and aftermarket customers in the Latin American market, with a relevant export profile outside the region, contributing to revenue generation in hard currencies and functioning as a natural hedge for operations. MAHLE Metal Leve GmbH, headquartered in Austria, operates as an international sales platform for engine components and automotive filters, reinforcing access to European and other international customers.

The regulatory environment plays an important role in MAHLE Metal Leve’s activities. In Brazil, the company is subject to environmental legislation governing civil, administrative, and criminal liability for environmental damage, based mainly on the National Environmental Policy, the Environmental Crimes Law, and its regulations. Industrial units depend on environmental licensing, including Preliminary, Installation, and Operating Licenses, generally granted by state agencies, with compliance with technical conditions that ensure the continuity and validity of the licenses. The company is also subject to the General Law on Personal Data Protection (LGPD), under the supervision of the National Data Protection Authority (ANPD), given the need to process personal data in its administrative and commercial operations. Abroad, although it is not directly regulated by pollutant emissions standards, the company’s activities are influenced by environmental and energy-efficiency legislation from the European Union, the Organisation for Economic Co-operation and Development (OECD), and agencies such as the United States Environmental Protection Agency (EPA), which set strict standards for engines produced by its customers, requiring constant technological evolution in the components supplied.

MAHLE Metal Leve’s corporate governance is structured in line with the requirements of B3’s Novo Mercado segment, where its common shares, under the ticker LEVE3, are traded. This segment requires stricter governance practices regarding capital structure and transparency, including capital composed solely of voting common shares. Being part of the MAHLE Group provides synergies in research, development, engineering, and manufacturing, while market diversification, combined OEM and aftermarket activities, and the growing presence in thermal management products and solutions for electrified vehicles are the main drivers of the business’s evolution. In parallel, the focus on technologies associated with energy efficiency, biofuels, and biomaterials, developed especially at the Jundiaí Technology Center, aligns the company with decarbonization trends in the automotive value chain, in a context of increasing regulatory demands and technological transformation in the sector.