Embraer has announced its financial results for the first quarter of 2025, reporting a strong performance with revenues reaching $1.103 billion, marking a 23% increase compared to the same period last year. The company highlighted that its Q1 results were not affected by U.S. tariffs.
The company's guidance for 2025 remains unchanged, with expected commercial aviation deliveries between 77 and 85 aircraft and executive aviation deliveries between 145 and 155 aircraft. Total company revenues are projected to be in the range of $7.0 to $7.5 billion, with an adjusted EBIT margin between 7.5% and 8.3%, and an adjusted free cash flow of $200 million or higher for the year.
"Revenues totaled US$1,103 million in 1Q25 – the best first quarter since 2016 – and +23% year over year (yoy). Highlight for Defense & Security revenues +72% yoy growth," Embraer stated.
In terms of deliveries, Embraer delivered a total of 30 jets in the first quarter of this year, including seven commercial jets and twenty-three executive jets, representing a 20% increase compared to the previous year.
The firm order backlog reached $26.4 billion in Q1 2025, surpassing the all-time historical high set in the previous quarter. The backlog saw significant increases in Defense & Security and Executive Aviation sectors.
Adjusted EBIT for the quarter was reported at $62 million with a margin of 5.6%. Net income attributable to Embraer shareholders was recorded at $73.4 million compared to $28.7 million in Q1 of last year.
Embraer's liquidity position remains robust with a consolidated cash position of $1,722 million at the end of Q1 2025, supported by a $1 billion Revolver Credit Facility.
The company also approved dividends amounting to R$51.4 million related to fiscal year 2024, set to be paid on May 23, 2025.
"Embraer issued a US$650 million 10-year bond at 158bp over U.S. Treasury in 1Q25," further strengthening its financial strategy by extending debt duration to an average maturity of 6.3 years.
Looking forward, Embraer continues its focus on sustainable growth projects across various divisions including Executive Aviation and Services & Support sectors with substantial capital investments planned through upcoming years.
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