TUPY3: quote, dividends and indicators for Tupy

Tupy is a Brazilian industrial company whose common shares are traded on B3 under the ticker TUPY3, with origins dating back to the 1930s. Founded in 1938 by Albano Schmidt, Hermann Metz and Arno Schwarz, it began operations focused on manufacturing malleable iron fittings in Joinville, Santa Catarina. With the expansion of the automotive industry in Brazil throughout the 20th century, the company gradually established itself as a supplier of automotive components, which gradually became the core of its activities. Tupy’s history includes important milestones in building technical capabilities, such as the creation of the Tupy Technical School in 1959 and the partnership with the University of São Paulo in the 1970s to set up a research center in foundry and materials engineering, later integrated into the company’s engineering structure. In 1966, it was registered with the Brazilian Securities and Exchange Commission (CVM), formalizing its status as a publicly held company. From the 1990s onward, the company went through an equity restructuring process, with the entry of institutional investors and an expanded focus on metallurgy and exports, accompanied by quality certifications and technological advances in the casting of special alloys.

Throughout its recent history, Tupy has developed a business model based on the manufacture of highly complex metal components for critical applications, complemented by machining, assembly and engineering services. The company’s structure is organized into four major business units: Structural Components, Manufacturing Contracts, Distribution and Energy & Decarbonization. The Structural Components unit focuses on made-to-order production of cast iron engine blocks and cylinder heads, as well as other structural components used in commercial vehicles, agricultural machinery, construction equipment, generators and capital goods. The company combines product engineering, tooling development and large-scale foundry operations, using structural and thermal simulations, high-precision molding, strict metallurgical control and full traceability. From the 2000s onward, Tupy became a benchmark in the development and production of compacted graphite iron (CGI) engine blocks, including pioneering applications in mass-produced gasoline engines.

The Manufacturing Contracts business unit operates as an extension of the foundry, offering higher value-added services such as machining, assembly, calibration, technical validation and engineering services. These services allow Tupy to deliver finished or semi-finished components directly to automakers’ (OEMs) assembly lines, integrating critical stages of the engine production chain. The acquisition of MWM do Brasil, completed in 2022, significantly expanded this capability, adding full engine manufacturing and assembly for third parties, including final testing and validation. Machining operations are carried out at facilities in Brazil and Mexico, which enables the company to combine casting, machining and assembly within the same industrial group, capturing operational and technological synergies. In this context, Tupy operates both in the production of components and in the provision of integrated industrial services for large global manufacturers of vehicles and equipment.

The Distribution unit is made up of two main pillars. The first is the distribution of replacement parts under the MWM brand and multibrand product lines. MWM’s aftermarket portfolio exceeds tens of thousands of active items, segmented into genuine parts, optional parts and the Master Parts line, serving MWM engines and other brands in applications such as trucks, buses, agricultural machinery and power generation systems. This activity is supported by a network of approximately 1,400 points of sale and a parts distribution center in Jundiaí (SP), which has undergone expansion and modernization, including automation and advanced warehouse management systems. The second pillar is the hydraulic line, which comprises malleable iron fittings and continuous cast iron profiles for industrial, commercial and infrastructure applications. These products are used in compressed air systems, steam systems, water networks, fire protection systems, gas installations, sanitation, oil and gas, irrigation, and various types of machinery and equipment, reinforcing the diversification of the revenue base.

The Energy & Decarbonization unit represents an evolution of Tupy’s traditional scope, incorporating engines, equipment and bioplants. In the engine vertical, the company, through the MWM brand, develops, produces and markets internal combustion engines from 2.9 to 7.2 liters of displacement, used in commercial vehicles, agricultural and construction machinery, boats, generator sets, motor pumps and industrial applications. The company supplies proprietary diesel engines to off-road equipment manufacturers and for its own lines of generator sets and motor pumps, with important applications in agribusiness and industry. Tupy also develops engines prepared for alternative fuels such as biomethane, natural gas and ethanol, both for use in new equipment and for the conversion of used vehicles and machinery, in “vehicle transformation” solutions that involve mechanical and electronic integration and regulatory documentation adjustments. This vertical is supported by a technology center in São Paulo, with laboratories dedicated to the design, validation and technological updating of engines and equipment.

Also within Energy & Decarbonization, Tupy is engaged in the development of generator sets, light towers and motor pumps, integrating engines with alternators, control systems, enclosures and accessories, in diesel, natural gas, biogas and biomethane versions. Complementarily, the company operates bioplants, such as the unit in Toledo (PR), dedicated to adding value to agricultural waste through anaerobic biodigestion. This facility produces biogas, biomethane, granulated organomineral fertilizer and industrial-grade CO₂, with energy self-sufficiency based on the use of its own biogas in generators and thermal systems. The organomineral fertilizer complies with applicable agronomic standards, while the CO₂ is purified and compressed for use in industrial processes, including in the protein industry. This set of activities demonstrates Tupy’s expansion into solutions related to the energy transition, waste circularity and emissions reduction, leveraging its already established production and engineering base.

Tupy’s geographic presence is distributed among industrial units in Brazil, Mexico and Portugal, as well as subsidiaries and branches in countries such as Germany, the United States, the Netherlands and Italy. This configuration supports a global strategy, with direct supply to major manufacturers of vehicles and equipment in different regions. The plants in Mexico, acquired in 2012 and located in Ramos Arizpe and Saltillo, were important milestones in the internationalization of manufacturing, bringing the company closer to customers in North America. The operation in Portugal extends its reach in Europe, while the overseas logistics and commercial structure makes it possible to coordinate exports and serve global customers without the use of independent distributors in the structural components and manufacturing contracts lines. The customer base is diversified, although there is concentration in large industrial groups that can individually account for a significant share of revenues.

From a regulatory standpoint, Tupy is subject to a wide range of licenses and authorizations, especially in the areas of environmental management, use of controlled products, water resources and waste management. Foundry, machining, engine and generator production and bioproduct operations depend on environmental operating licenses and specific authorizations, such as registrations for the use of certain chemical inputs controlled by the Brazilian Army and the Federal Police in Brazil, as well as regulatory frameworks such as REACH in the European Union and Mexican environmental standards. The company requires water abstraction concessions, permits for the discharge of treated effluents, authorizations for the receipt and disposal of waste, operating permits and approvals regarding land use and occupancy. In Portugal, the operation requires a Single Environmental Title, which consolidates environmental licenses and controls in a single instrument. The international subsidiaries are subject to the local laws of each jurisdiction, both in environmental and in corporate and tax aspects, which requires coordinated management of compliance and regulatory risks.

In environmental, social and governance aspects, Tupy follows internationally recognized standards, including ISO 14001:2015 certification for environmental management. The company maintains an integrated Quality, Environment, Health and Safety policy that encompasses people development, compliance with legal and regulatory requirements, risk management, transparent communication with stakeholders and the prioritization of safe and environmentally responsible practices in operations. This policy emphasizes risk prevention, the treatment of nonconformities, the optimization of natural resource use and the continuous improvement of management systems, with a focus on learning and innovation. In 2025, investments were made in environmental control and monitoring systems at all plants, reinforcing the commitment to mitigating impacts associated with foundry activity, engine manufacturing and bioplant operations. In corporate governance, the migration to B3’s Novo Mercado, completed in 2013, entailed the adoption of practices such as full tag along rights, a board with independent members and a strengthened structure of internal controls, risk management and auditing, characteristics that define Tupy’s current corporate profile and that of its TUPY3 shares in the Brazilian capital market.