Embraer reported strong first quarter 2025 results, driven by higher deliveries during the period.
The Brazilian OEM reported a net profit of $73.4 million in the period, more than doubling from $28.7 million in the same period last year. Additionally, revenues climbed 23% to $1.1bn during the financial period, noting its best first quarter since 2016.
Embraer's adjusted EBIT reached $62 million, up from $6.8 million last year. The company — excluding its air taxi arm Eve — generated a negative adjusted free cash flow of $385.8 million during the quarter as it prepares for a higher number of aircraft deliveries in the coming quarters. The company deliveries 30 jets during the first quarter — including seven commercial jets: three E2s and four E1s.
The company expects to deliver 77 to 85 commercial aircraft for the full year. Consolidated revenues are expected to be around $7 to 7.5bn.
Additionally, during the first quarter, Embraer issued a $650 million 10 year bond at US Treasuries plus 158 basis points during the quarter.
The company's backlog reached $26.4bn during the first quarter, up 25% compared to a year prior. Embraer's net cash was $468.2 million as of the end of the quarter, while Eve has a net cash of $144.4 million. Embraer's gross debt totalled $1.9bn, down from $2.4bn at the end of 2024. Eve's gross debt was up marginally from $132.8 million at the end of last year to $143.2 million at the end of this year's first fiscal period.