Embraer reports revenue of USD 1.82 billion in Q2 2025

Executive aviation sees 64 pc growth

Brazilian aircraft manufacturer Embraer has reported consolidated revenue of USD 1.82 billion in the second quarter of 2025, marking a 22 pc increase year-on-year. Aircraft deliveries rose 30 pc during the quarter, with executive aviation contributing the highest share of growth.

In the second quarter of 2025, Brazilian aircraft manufacturer Embraer has reported consolidated revenue of USD 1.82 billion, reflecting a 22 pc year-on-year increase. The company recorded a 30 pc rise in aircraft deliveries for the period, with executive aviation accounting for the largest portion of the growth.

In a press statement, Embraer says that it has delivered 61 aircraft in Q2 2025, compared to 47 in the same period last year. This included 19 commercial jets, with 10 E2s and 9 E1s, 38 executive jets with 21 light and 17 medium, and four defence aircraft.

It adds that revenues from executive aviation totalled USD 549 million in the quarter, a 64 pc increase compared to Q2 2024. The company attributes this to ‘price discipline, higher volumes and better product mix’. Adjusted Earnings Before Interest and Taxes (EBIT) margin for the segment rose from 11.3 pc to 14.5 pc due to ‘operating leverage and cost containment initiatives’.

Embraer says that defence and security recorded revenues of USD 221 million, up 18 pc year-on-year, supported by revenue recognition from the A-29 Super Tucano and higher volumes of A-29 and KC-390 aircraft. The adjusted EBIT margin improved to 9.2 pc from a negative 0.5 pc in Q2 2024.

The Brazilian company says that commercial aviation posted USD 577 million in revenue, a 4 pc year-on-year increase. The gross margin rose to 10.1 pc from 9.1 pc in the same period last year, driven by product and customer mix. However, the adjusted EBIT margin remained flat at 4.3 pc due to one-off items a year ago, including a tax credit.

Embraer says that services and support generated USD 456 million in revenue, reflecting a 13 pc rise from Q2 2024. This was attributed to higher commercial aviation volumes and growth in the OGMA GTF engine shop. The division’s gross margin increased from 25.9 pc to 28.8 pc year-on-year, while adjusted EBIT margin declined to 15.5 pc from 17 pc due to ‘higher credit provisions’ and previous period one-offs.

The aircraft manufacturing company says that other businesses, which include agricultural aviation, the cyber division Tempest, and the newly added landing gear division, contributed USD 16 million in revenue, up from USD 14 million in Q2 2024.

Embraer says that adjusted EBIT stood at USD 191.8 million, translating to a margin of 10.5 pc, compared to 9.3 pc in the same quarter last year. Adjusted free cash flow, excluding Eve, was negative USD 161.6 million, which the company says was due to preparations for increased deliveries in the coming quarters.

The statement says that adjusted net income for the quarter was negative USD 4.7 million, compared to USD 80.4 million in Q2 2024 when excluding extraordinary items such as deferred taxes and Eve’s results. Net income attributable to shareholders stood at USD 78.6 million, or USD 0.4283 per ADS, compared to USD 99.4 million and USD 0.5412, respectively, in Q2 2024.

Embraer says that total investment by the company stood at a standalone basis of USD 97.5 million, down from USD 107.1 million in the same period last year. Capital expenditures were USD 52.6 million, while additions to the pool programme and intangible assets accounted for the remainder. Meanwhile, Eve invested USD 48.4 million during the quarter, with most allocated to intangible assets and research. Combined, Embraer and Eve invested USD 145.9 million during the quarter, slightly above the USD 139 million spent in Q2 2024.

The aerospace company says that reiterating its 2025 guidance, which includes commercial aviation deliveries between 77 and 85 aircraft and executive aviation deliveries between 145 and 155 aircraft, it expects to generate total revenues of USD 7-7.5 billion for the year, with an adjusted EBIT margin between 7.5 pc and 8.3 pc, and adjusted free cash flow of USD 200 million or more. It added that Q2 2025 results were ‘not materially impacted’ by tariffs imposed by the United States.