Marcopolo posts fourth consecutive year of record results, exports up 31%

Marcopolo recorded consolidated net revenue of R$ 9.06 billion (approximately $1.81 billion) in 2025, marking its fourth consecutive year of record financial results.

The Brazilian bus bodybuilder closed the fiscal year with net profit reaching R$ 1.23 billion (approximately $246 million), while international operations and exports increased their contribution to overall performance. The figures were released by the company on February 27, 2026, from its headquarters in Caxias do Sul.

Consolidated production totaled 15,024 units in 2025, close to the 15,289 units produced in the previous year, “reflecting a stabilization in the domestic market, which was offset by growth in international markets”, the company states.

During the year, Marcopolo presented new models at Busworld in Europe and announced its comeback to Europe. It advanced local production of its G8 generation buses at facilities in South Africa, China and Mexico. The period also included the first export operation carried out by Marcopolo Rail, with the delivery of three train sets to Chile. In late October 2025 Marcopolo announced a strategic partnership with Volvo Buses for the commercialization of complete buses in the French and Italian markets.

Marcopolo: international operations reach 45% of total revenue

Revenue generated outside Brazil represented the most dynamic component of Marcopolo’s 2025 results. Exports from Brazil rose 31.1% year-on-year to R$ 1.14 billion (approximately $228 million). Revenue from overseas manufacturing units increased 32.3%, totaling R$ 2.96 billion (approximately $592 million).

Combined, international businesses accounted for 45.4% of consolidated net revenue, compared with 36.3% in 2024.

As of December 31, 2025, net financial indebtedness stood at R$ 1,481.2 million (approximately $296 million). Net financial debt in the industrial segment corresponded to 0.2 times EBITDA over the last twelve months.

2026 projections and order backlog, by Marcopolo

For 2026, Marcopolo projects a gradual recovery of the Brazilian market beginning in the second half of the year. The company identified opportunities linked to urban bus fleet renewal, including deliveries of vehicles with alternative propulsion systems, as well as in the microbus segment through government-backed programs such as Caminho da Escola and contracts with the Ministry of Health.

International operations remain central to the company’s planning, supported by an order backlog in Australia that includes electric bus volumes. Additional initiatives include certification processes for European markets, expanded microbus deliveries to North America, and further development of rail transportation activities.

“2025 demonstrated the resilience and soundness of our global strategy. We achieved record results in key operations, such as in Argentina and Australia, which, combined with export growth, were crucial in offsetting the challenges of a domestic market affected by high interest rates. This geographic diversification, combined with a varied product mix, demonstrates our ability to generate value sustainably,” says CFO Pablo Motta.