POMO3: quote, dividends and indicators for Marcopolo

Marcopolo S.A. is a Brazilian company in the mobility sector founded on August 6, 1949, in Caxias do Sul (RS), originally under the name NICOLA & CIA. LTDA. Over the decades, it went through corporate reorganizations, changes of control, and successive name changes until adopting its current name in 1992. Since the 1950s, the company has expanded its industrial capacity and, from the 1980s and 1990s onward, intensified the process of incorporating companies in the bodywork and components sector, consolidating a relevant position in the bus industry in Brazil. Among its expansion moves, the incorporation of companies such as Eliziário S.A. – Carrocerias e Ônibus and its activities in commercial vehicles through partnerships and acquisitions stand out. Over time, the company has also developed a corporate governance structure aligned with the capital markets, adhering to BOVESPA’s Level 2 of Governance in 2002 and subsequently increasing the participation of independent board members. Marcopolo’s shares are traded on B3 under the tickers POMO3 (common) and POMO4 (preferred).

Marcopolo’s business model is based mainly on the manufacture of bus, minibus, and special vehicle bodies, as well as the production of auto parts and components related to public passenger transport. The company’s corporate purpose broadly covers the manufacture and trade of buses, motor vehicles, bodies, tractors, auto parts, locomotives, railcars, parts and accessories for motor vehicles and rail vehicles, agricultural machinery, industrial machinery and engines, and metal structures. In addition to manufacturing, the company provides maintenance, repair, refurbishing, bodywork, painting, technical assistance, and engineering services related to transport and mobility, including telematics, telemetry, technical inspection, and testing and analysis of products in its line of business. It also engages in bus and railcar rental and leasing activities, traffic and transport engineering consulting, commercial agency and representation, import and export, and it may also take equity stakes in other companies in Brazil and abroad.

Operationally, Marcopolo organizes its business into two segments: the industrial segment and the financial segment. The industrial segment focuses on the production of bus and minibus bodies, as well as replacement parts and components, accounting for most of the consolidated net revenue. This segment is responsible for transforming raw materials into parts, subassemblies, and structures, following a production process structured in stages that include component manufacturing, body assembly on the chassis, anti-corrosion treatment, sheet metal work, painting, and final finishing, with installation of electrical systems, seats, windows, and other accessories. The financial segment, in turn, is devoted mainly to financing the company’s products through Banco Moneo S.A., supporting the sale of buses and minibuses to customers of different sizes via credit, financing, leasing, and other modes authorized by the Central Bank of Brazil.

Marcopolo’s corporate structure includes several subsidiaries in Brazil with functions that complement its core business. Among them, Marcopolo Trading S.A. stands out, focused on foreign trade services and promotion of Brazilian products in the international market; Moneo Investimentos S.A., which holds interests in financial institutions; and Volare Comércio e Distribuição de Veículos e Peças Ltda., which operates in the trade of buses, minibuses, parts and related services, in addition to transportation logistics and vehicle rental. Volare Veículos Ltda. manufactures buses, bodies, chassis with engines, and automotive components, evidencing a significant level of vertical integration in certain models, in which Marcopolo produces both the body and the chassis. Other group companies include Polo Venture Participações Ltda., focused on equity interests, bus rental, and product and business development; Apolo Tecnologia Ltda., dedicated to mobility solutions, information technology, telemetry, and the development of plastic and digital products; Arcanjos Investimentos e Participações Ltda., focused on investments in technology and data companies geared toward mobility; and Venezia Aviação Ltda., which operates non-scheduled air transport, charter, and aircraft rental.

In the domestic market, Marcopolo operates throughout Brazil via a network of commercial representatives and branches, with sales predominantly direct to end customers. The main domestic markets are concentrated in states such as Rio Grande do Sul, São Paulo, Paraná, Espírito Santo, Amazonas, Minas Gerais, and Rio de Janeiro. In the Volare segment, distribution is handled by a proprietary network of distributors and the customer base has a higher share of individuals and small operators, whereas in the other products large passenger transport companies predominate. The company does not depend on any single customer or specific group of customers and did not identify, in 2025, any clients accounting for more than 10% of total net revenue. In the Brazilian competitive context, the production of bus bodies is driven by the large population and the predominance of road transport, and Marcopolo holds a significant share of domestic production, including highway buses, urban buses, and minibuses, a segment in which Volare models are counted as minibuses for market share purposes.

Marcopolo’s international presence is significant and diversified, both industrially and commercially. The company operates with local body manufacturing in controlled units in Australia (Volgren), Argentina (Metalsur), Mexico (Polomex), South Africa (MASA), and China (MAC), as well as associates such as Superpolo in Colombia. These operations serve mainly regional markets in South America, Central America, Africa, Oceania, and part of Asia, including exports of complete bodies and production kits (PKD). In 2025, relevant net revenue abroad originated in countries such as Argentina, Australia, Mexico, and China, in addition to African markets and the United Arab Emirates, with Brazil remaining the main source of consolidated revenue. The unit in China operates as a sourcing center, as well as producing parts and bodies and developing solutions for new types of propulsion aimed at export, without sales in the domestic Chinese market.

Marcopolo’s activities are carried out in a broad regulatory environment, with particular emphasis on road traffic and transport regulation in Brazil. The manufacture of bus and minibus bodies is directly regulated by the Brazilian Traffic Code and by resolutions of the National Traffic Council (CONTRAN), which define vehicle technical characteristics, specifications, configuration, and conditions for registration, licensing, and circulation. The company must obtain and maintain a Certificate of Compliance with Traffic Legislation (CAT) and comply with homologation procedures under the National Traffic System, including vehicle safety tests at different levels, monitored by agencies such as SENATRAN and INMETRO. From an environmental standpoint, the company must meet requirements related to atmospheric emissions, noise, and opacity, and must obtain annually the Vehicle or Engine Configuration Usage License (LCVM) from Ibama, in addition to complying with the Motor Vehicle Air Pollution Control Program (PROCONVE), currently in phase P8, which directly impacts the development of chassis and propulsion systems used in bodied vehicles.

In the social, environmental, and governance sphere, Marcopolo maintains international certifications and formal management practices. The company is certified under ISO 9001 (Quality), ISO 14001 (Environment), ISO 45001 (Occupational Health and Safety), and ISO/IEC 17025 (competence of testing laboratories and experimental engineering), indicating the adoption of structured management systems for quality, safety, environment, and laboratory operations. The company’s business management policy integrates employee health and safety, product and service quality, environmental protection, and technical competence, with a stated commitment to accident prevention, compliance with applicable legislation, minimization of environmental impacts, and continuous improvement. The company also states that it does not depend on specific patents, trademarks, licenses, or franchises to develop its core activities and reports that it does not make financial contributions to candidates, political parties, or public policy influence activities, which relates to its stated governance and compliance stance. In this context, Marcopolo, through POMO3 and POMO4 on B3, consolidates its position as an integrated industrial and financial company, with a significant presence in the Brazilian and international markets for buses and mobility solutions.