Gerdau S.A. reported solid 3Q25 results, filing on October 31, 2025, detailing strong sequential growth primarily driven by North America, juxtaposed with margin pressures in Brazil.
Q3 2025 Financial Highlights: Steel Shipments increased 9.3% sequentially to 3.1 million tonnes, driving Net Sales to R\(18.0B (+2.6% QoQ). Adjusted EBITDA grew 6.9% to R\)2.7B (15.2% margin), while EPS was R\(0.54. Free Cash Flow was positive at R\)1.0B. Leverage remains strong at 0.81x Net Debt/Adj. EBITDA.
Geographic Performance & Strategy: North America was the key earnings engine, achieving a 2-year EBI
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