# EDGAR Filing Document

**Accession Number:** 0001355444
**File Stem:** 0001193125-25-210046
**Filing Date:** 2025-9
**Character Count:** 193221
**Document Hash:** 6608dc5e4bc182caeddd057a6ed21b85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-210046.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001193125-25-210046

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20250922

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMBRAER S.A.
- **CENTRAL INDEX KEY:** 0001355444
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT [3721]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15102
- **FILM NUMBER:** 251328445

**BUSINESS ADDRESS:**
- **STREET 1:** AV. BRIGADEIRO FARIA LIMA 2170
- **CITY:** SAO JOSE DOS CAMPOS
- **STATE:** D5
- **ZIP:** 12227901
- **BUSINESS PHONE:** 551239274404

**MAIL ADDRESS:**
- **STREET 1:** AV. BRIGADEIRO FARIA LIMA 2170
- **CITY:** SAO JOSE DOS CAMPOS
- **STATE:** D5
- **ZIP:** 12227901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Embraer - Empresa Brasileira de Aeronautica S.A.
- **DATE OF NAME CHANGE:** 20070329

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Embraer - Empresa Brasileira de Aeron?utica S.A.
- **DATE OF NAME CHANGE:** 20070329

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EMPRESA BRASILEIRA DE AERONAUTICA S.A.
- **DATE OF NAME CHANGE:** 20060403

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM 6-K** 

**Report of Foreign Private Issuer** 

**Pursuant to Rule 13a-16 or 15d-16** 

**under the Securities Exchange Act of 1934** 

**For the month of September 2025** 

**Commission File Number: 001-15102** 

## Embraer S.A.
**Avenida Dra. Ruth Cardoso, 8501,** 

**30th floor (part), Pinheiros, São Paulo, SP, 05425-070, Brazil** 

**(Address of principal executive offices)** 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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**Exhibit Index** 

[Exhibit 99.1 – Management's Discussion and Analysis of Financial Condition and Results of Operations of Embraer S.A. for the six-month periods ended June 30, 2025 and 2024.](d947165dex991.htm)

[Exhibit 99.2 – Embraer S.A.'s Unaudited Condensed Consolidated Interim Financial Statements as of and for the six-month period ended June 30, 2025.](d947165dex992.htm)

This Report on Form 6-K and the exhibit hereto are incorporated by reference into the Registration Statement on Form F-3 (File No. 333-284698) of Embraer S.A. and Embraer Netherlands Finance B.V. and shall be deemed to be a part thereof from the date on which this Report is furnished to the Securities and Exchange Commission, to the extent not superseded by documents or reports subsequently filed or furnished.

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 22, 2025

---

| | | |
|:---|:---|:---|
| Embraer S.A. | Embraer S.A. | Embraer S.A. |
| By: |  |  |
|  | /s/ *Antonio Carlos Garcia* | /s/ *Antonio Carlos Garcia* |
|  | Name: | Antonio Carlos Garcia |
|  | Title: | Executive Vice President of<br> Finance and Investor Relations |

---

## Exhibit 99.1

**Exhibit 99.1** 

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF** 

**FINANCIAL CONDITION AND RESULTS OF OPERATIONS** 

*The following discussion of Embraer S.A.'s (which we refer to as "Embraer" or "we") results of operations for the six-month periods ended June 30, 2025 and 2024 should be read in conjunction with our annual report on Form 20-F for the fiscal year ended December 31, 2024, as filed with the U.S. Securities and Exchange Commission (which we refer to as the "SEC") on April 1, 2025 (which we refer to as the "2024 Annual Report") and, in particular, "Item 3. Key Information—A. Selected Financial Data and Other Data," "Item 5. Operating and Financial Review and Prospects" and "Item 11. Quantitative and Qualitative Disclosures About Market Risk," and with our unaudited condensed consolidated interim financial statements as of for the six-month period ended June 30, 2025, included as Exhibit 99.2 to this Form 6-K (which we refer to as the "unaudited condensed consolidated interim financial statements").* 

*The following discussion contains forward-looking statements that involve risks and uncertainties. Embraer's actual results may differ materially from those discussed in the forward-looking statements as a result of various factors, including those set forth herein under "Forward-Looking Statements" and "Item 3. Key Information—D. Risk Factors" in our 2024 Annual Report. The results of operations for the six-month period ended June 30, 2025 are not necessarily indicative of the results that may be expected for the full fiscal year ending December 31, 2025.* 

**Results of Operations** 

***Six-month Period Ended June 30, 2025 compared with Six-month Period Ended June 30, 2024***

The following table sets forth statement of profit or loss information by segment for the periods indicated:

---

| | | |
|:---|:---|:---|
|  | **Six-month period ended June 30,** | **Six-month period ended June 30,** |
|  | **2025** | **2024** |
|  | *(in US$ millions)* | *(in US$ millions)* |
|  **Revenue** |  |  |
|  Commercial Aviation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754.3 |
|  Executive Aviation | 871.8 | 575.2 |
|  Defense & Security | 360.4 | 267.9 |
|  Services & Support | 880.5 | 770.0 |
|  Other segments | 31.3 | 23.4 |
|  **Total** | **2922.2** | **2390.8** |
|  **Cost of sales and services** |  |  |
|  Commercial Aviation | (710.3) | (697.7) |
|  Executive Aviation | (686.5) | (456.7) |
|  Defense & Security | (300.0) | (240.9) |
|  Services & Support | (662.3) | (566.1) |
|  Other segments | (21.1) | (20.7) |
|  **Total** | **(2380.2)** | **(1982.1)** |
|  **Gross profit** |  |  |
|  Commercial Aviation | 67.9 | 56.6 |
|  Executive Aviation | 185.3 | 118.5 |
|  Defense & Security | 60.4 | 27.0 |
|  Services & Support | 218.2 | 203.9 |
|  Other segments | 10.2 | 2.7 |
|  **Total** | **542.0** | **408.7** |
|  **Operating income (expense)** |  |  |
|  Commercial Aviation | (53.1) | (62.7) |
|  Executive Aviation | (69.1) | (68.6) |
|  Defense & Security | (42.2) | (39.2) |
|  Services & Support | (105.7) | (90.2) |
|  Other segments | (41.2) | (31.2) |
|  Unallocated<sup>(1)</sup> | – | 7.2 |
|  **Total** | **(311.3)** | **(284.7)** |
|  **Operating income before financial result** | **230.7** | **124.0** |

---

(1) Unallocated items from operating income (expense) refer to certain corporate demands not directly related to the
operating segments. In 2024, the amount substantially refers to the reimbursement of expenses received in the context of the arbitration with Boeing.

------

The following table sets forth statement of profit or loss information, and this information as a percentage of revenue, for the periods indicated:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six-month period ended June 30,** | **Six-month period ended June 30,** | **Six-month period ended June 30,** | **Six-month period ended June 30,** |
| **Consolidated Statements of Profit or Loss Data** | **2025** | **2025** | **2024** | **2024** |
|  | *(in US$ millions, except percentages presented in absolute values)* | *(in US$ millions, except percentages presented in absolute values)* | *(in US$ millions, except percentages presented in absolute values)* | *(in US$ millions, except percentages presented in absolute values)* |
|  **Revenue** | 2922.2 | 100.0% | 2390.8 | 100.0% |
|  Cost of sales and services | (2380.2) | (81.5)% | (1982.1) | (82.9)% |
|  **Gross profit** | **542.0** | 18.5% | **408.7** | 17.1% |
|  **Operating income (expense)** |  |  |  |  |
|  Administrative expenses | (101.9) | (3.5)% | (97.1) | (4.1)% |
|  Selling expenses | (159.9) | (5.5)% | (152.9) | (6.4)% |
|  Expected credit losses | (5.9) | (0.2)% | (3.4) | (0.1)% |
|  Research expenses | (26.3) | (0.9)% | (27.4) | (1.1)% |
|  Other income | 41.7 | 1.4% | 75.6 | 3.2% |
|  Other expenses | (55.4) | (1.9)% | (78.6) | (3.3)% |
|  Share of loss of investments accounted for under the equity method | (3.6) | (0.1)% | (0.9) | (0.0)% |
|  **Operating income before financial result** | **230.7** | 7.9% | **124.0** | 5.2% |
|  Financial income | 116.4 | 4.0% | 184.6 | 7.7% |
|  Financial expenses | (295.5) | (10.1)% | (161.0) | (6.7)% |
|  Foreign exchange, net | (28.6) | (1.0)% | (3.2) | (0.1)% |
|  **Income before income tax** | **23.0** | 0.8% | **144.4** | 6.0% |
|  Income tax | 126.0 | 4.3% | (9.5) | (0.4)% |
|  **Income for the period** | **149.0** | 5.1% | **134.9** | 5.6% |

---

*Revenue* 

Revenue increased 22.2%, to US$2,922.2 million in the six months ended June 30, 2025 from US$2,390.8 million in the six months ended June 30, 2024.

Revenue from our Commercial Aviation segment increased 3.2% to US$778.2 million in the six months ending June 30, 2025, as compared to US$754.3 million in the six months ended June 30, 2024. This increase was primarily driven by a more favorable customer mix in the six months ended June 30, 2025, which helped offset the effects of a shift in product mix. Total deliveries remained steady at 26 aircraft in both periods. However, deliveries of larger E190-E2 and E195-E2 aircraft declined by 13.3% to 13 units in the six months ended June 30, 2025 from 15 in the six months ended June 30, 2024, while deliveries of the EMBRAER 175 increased by 18.2% to 13 units in 2025 from 11 in 2024. Within the E2 family, the E195-E2 made up most deliveries, reflecting a better product mix due to its higher average selling price and seating capacity compared to the E190-E2. Moreover, our customer mix in 2025 included a larger share of strategic operators and lessors, which enabled more favorable commercial terms and contributed to an overall improvement in our revenue performance, independently of volume growth.

Our Executive Aviation segment revenue increased 51.6%, to US$871.8 million in the six months ended June 30, 2025 from US$575.2 million in the six months ended June 30, 2024, primarily due to a higher number of aircraft deliveries and a more favorable product mix of our deliveries. Deliveries increased to 61 aircraft in the six months ended June 30, 2025 from 45 in the six months ended June 30, 2024. Deliveries of medium jets (Praetors) increased 85.7% in the six months ended June 30, 2025 compared to the six months ended June 30, 2024, while deliveries of light jets (Phenoms) deliveries increased 12.9% in the same period. Praetors have greater capacity and size compared to Phenoms and therefore, command higher average selling prices, which contributed to the increase of revenue.

Our Defense & Security segment revenue increased 34.5%, to US$360.4 million in the six months ended June 30, 2025 from US$267.9 million in the six months ended June 30, 2024, mainly due to an increase in revenue recognition of our C-390 Millenium aircraft, in accordance with the percentage of completion method, and an increase in deliveries of our A-29 Super Tucano to four aircraft in the six months ended June 30, 2025 while there were no deliveries of such aircraft in the same period in 2024.

Our Services & Support segment revenue increased 14.4%, to US$880.5 million in the six months ended June 30, 2025 from US$770.0 million in the six months ended June 30, 2024. This increase was mainly driven by higher customer demand for training, as well as maintenance, repair, and component overhaul ("MRO"). Additionally, the engine shop ramp-up at our subsidiary, OGMA – Indústria Aeronáutica de Portugal S.A., which offers multi-brand diversification with MRO services for both Embraer and non-Embraer customers.

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*Cost of Sales and Services* 

Cost of sales and services increased 20.1%, to US$2,380.2 million in the six months ended June 30, 2025 from US$1,982.1 million in the six months ended June 30, 2024. This was primarily due to: (i) the increase in revenue from Commercial and Executive Aviation deliveries; (ii) higher cost recognition in our Defense & Security segment, using the percentage of completion method; and (iii) higher costs due to higher demand for services and spare parts in Services & Support. This increase in cost of sales and services was lower than the 22.2% increase in revenue in the six months ended June 30, 2025, as compared to the same period in 2024, which resulted in a decrease in cost of sales and services as a percentage of revenue to 81.5% in the six months ended June 30, 2025, as compared to 82.9% in the same period in 2024.

Cost of sales and services in our Commercial Aviation segment increased 1.8%, to US$710.3 million in the six months ended June 30, 2025 from US$697.7 million in the six months ended June 30, 2024. This increase in costs and services was lower than the increase of revenue for this segment during the period mainly due to internal production efficiency programs and product mix of E-Jets E2 family and E175 aircraft.

Cost of sales and services in our Executive Aviation segment increased 50.3%, to US$686.5 million in the six months ended June 30, 2025 from US$456.7 million in the six months ended June 30, 2024, mainly due to a higher number of aircraft delivered, to 61 in the six months ended June 30, 2025 from 45 in the six months ended June 30, 2024. This increase in costs and services was lower than the increase in revenue for the segment mainly due to gains of our internal production efficiency programs.

Cost of sales and services in our Defense & Security segment increased 24.5%, to US$300.0 million in the six months ended June 30, 2025 from US$240.9 million in the six months ended June 30, 2024. This increase in cost of sales and services was lower than the 34.5% increase in revenue in this segment, mainly due to the timing of cost recognition based on milestone achievements under the percentage of completion method for KC-390 Millennium. This dynamic is typical of long-term defense programs, where the recognition of cost and revenue depends on the nature and sequence of contractual deliverables.

Cost of sales and services in our Services & Support segment increased 17.0%, to US$662.3 million in the six months ended June 30, 2025 from US$566.1 million in the six months ended June 30, 2024, mainly due to higher demand for services and spare parts with lower margins.

*Gross Profit* 

As a result of the aforementioned factors, our gross profit increased 32.6%, to US$542.0 million in the six months ended June 30, 2025 from US$408.7 million in the six months ended June 30, 2024.

*Administrative Expenses* 

Administrative expenses increased 4.9%, to US$101.9 million in the six months ended June 30, 2025 from US$97.1 million in the six months ended June 30, 2024, mainly due to an increase in third-party services, such as legal, consultancy, and audit-related services.

*Selling Expenses* 

Selling expenses increased 4.6%, to US$159.9 million in the six months ended June 30, 2025 from US$152.9 million in the six months ended June 30, 2024, due to increase in sales initiatives, such as marketing events, demonstration flight and sales campaign, especially in Defense & Security and higher sales expenses.

*Other Income* 

Other income decreased 44.8% to US$41.7 million in the six months ended June 30, 2025 from US$75.6 million in the six months ended June 30, 2024, primarily due to a significant reduction in tax credits and other sales.

*Other Expenses* 

Other expenses decreased 29.5%, to US$55.4 million in the six months ended June 30, 2025, from US$78.6 million in the six months ended June 30, 2024, mainly due to efficiency gains achieved through corporate programs. These programs

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include initiatives focused on process optimization, digital transformation, and cost discipline across administrative and operational areas.

*Operating Income Before Financial Result* 

Operating income before financial results increased 86.0% to US$230.7 million in the six months ending June 30, 2025, up from US$124.0 million in the same period in 2024. This growth was mainly driven by higher revenues across all business segments, especially in Executive Aviation and Defense & Security, along with improved gross margins from internal production efficiency initiatives and a more favorable product mix. Additionally, administrative and selling expenses grew at a slower rate than revenue, and other expenses declined due to efficiency gains from corporate programs. These factors more than offset the decrease in other income and the rise in expected credit losses and share of loss from investments accounted for under the equity method.

*Financial Income* 

Financial income decreased 36.9%, to US$116.4 million in the six months ended June 30, 2025 from US$184.6 million in the six months ended June 30, 2024, mainly due to negative fair value adjustments on derivatives related to our equity swap agreements used to hedge share-based payment plans, and the phantom shares plan.

*Financial Expenses* 

Financial expenses increased 83.5%, to an expense of US$295.5 million in the six months ended June 30, 2025 from an expense of US$161.0 million in the six months ended June 30, 2024, mainly due to expenses related to our phantom shares plan, which was affected by the appreciation of our common shares and the negative fair value measurement of Eve Holding's warrants in 2025.

*Foreign Exchange Loss, Net* 

Foreign exchange loss increased 793.8%, to US$28.6 million in the six months ended June 30, 2025 from US$3.2 million in the six months ended June 30, 2024, mainly due to the depreciation of the Brazilian real against the U.S. dollar, which negatively impacted monetary assets and liabilities denominated in Brazilian reais, as well as losses from derivative financial instruments used for hedging of foreign exchange risk.

*Income Before Income Tax* 

As a result of the aforementioned factors, our income before income tax decreased 84.1%, to US$23.0 million in the six months ended June 30, 2025 from US$144.4 million in the six months ended June 30, 2024.

*Income Tax* 

Income tax changed by US$135.5 million, to a benefit of US$126.0 million in the six months ended June 30, 2025 from an expense of US$9.5 million in the six months ended June 30, 2024, mainly due to the impact of the functional currency effect of the non-monetary assets (primarily inventories, intangibles, and property, plant and equipment), as well as the benefits from tax on profits of our overseas subsidiaries.

*Income for the Period* 

As a result of the aforementioned factors, our income for the period increased 10.5%, to US$149.0 million in the six months ended June 30, 2025 from US$134.9 million in the six months ended June 30, 2024. As a percentage of revenue, our income for the period decreased to 5.1% in the six months ended June 30, 2025 from 5.6% in the six months ended June 30, 2024.

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**Liquidity and Capital Resources** 

***Cash Flow Analysis***

*Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024* 

<u>Net Cash Used in Operating Activities</u> 

Net cash used in operating activities in the six months ended June 30, 2025 was US$260.0 million, compared to US$348.0 million in the six months ended June 30, 2024, mainly due to a cash inflow in other payables of US$191.3 million and in other financial investments of US$80.3 million. These positive effects were partially offset by a decrease of US$68.9 million in trade accounts payable (supplier finance arrangements), an increase of US$4.3 million in income tax and social contribution paid, and an increase of US$7.8 million in unearned income.

<u>Net Cash Used in Investing Activities</u> 

In the six months ended June 30, 2025, net cash used in investing activities was US$321.5 million compared to US$334.3 million in the six months ended June 30, 2024, mainly due to a US$15.4 million decrease in investments in subsidiaries and affiliates, as in 2024 we made a capital contribution to our subsidiary XMobots Aeroespacial e Defesa Ltda. The net increase of US$7.4 million in property, plant and equipment, reflecting the balance between acquisitions and divestments, partially offset this effect.

<u>Net Cash Used in Financing Activities</u> 

In the six months ended June 30, 2025, net cash used in financing activities was US$326.8 million compared to US$225.0 million in the six months ended June 30, 2024. The increase in net cash used was primarily due to a higher volume of debt repayments compared to new borrowings. Debt repayments totaled US$291.2 million in the six months ended June 30, 2025, compared to US$217.2 million in the same period in 2024. In addition, we reinstated our share repurchase program in 2025, with repurchases totaling US$14.5 million, and paid dividends of US$9.1 million in the six months ended June 30, 2025.

<u>Capital Expenditures</u> 

Our capital expenditures during the period were related to property, plant, and equipment, with the exception of assets related to the exchange pool program and aircraft under lease or available for lease. These investments were mainly focused on the construction of new facilities, as well as improvements and modifications to our plants and production facilities for new aircraft models.

For the six-month period ended June 30, 2025, the total capital expenditures in our Commercial Aviation, Executive Aviation, Defense & Security and Services & Support segments accounted for US$91.6 million, net of US$31.6 million related to our pool program (spare parts), US$131.3 million related to intangible assets, and US$26.3 million related to research.

For more information on our capital expenditures, see "Item 5. Operating and Financial Review and Prospects— B. Liquidity and Capital Resources—Capital Expenditure" in our 2024 Annual Report.

**Off-Balance Sheet Arrangements** 

We do not have any off-balance sheet arrangements as of June 30, 2025.

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**Subsequent Events and Trends** 

***Term Loan Facility***

In July 2025, we contracted a term loan facility, in the amount of US$80 million, accruing interest at SOFR plus 1.30% per annum, and with a term of seven years. None of our assets were pledged as collateral in this transaction.

***Credit Facilities with the Brazilian Development Bank – BNDES and Banco do Brasil S.A.***

In August 2025, we entered into two related credit facility agreements. We entered into an export-import credit facility with the Brazilian Development Bank – *BNDES*, in the principal amount of US$200 million, accruing interest at a rate of 4.4045% per annum, with a tenor of 5 years, secured by certain machinery, equipment and real estate assets. We also entered into an unsecured supplemental credit facility with Banco do Brasil S.A., in the principal amount of up to US$200 million, accruing interest at a rate of Term SOFR *plus* 2.40% per annum. The facility will be available for drawing beginning 5 years after the signing date and will mature 3 years thereafter. The availability of this facility is conditional upon the repayment of the credit facility with the Brazilian Development Bank – *BNDES*.

***Eve Holding's Equity Capital Raise and Dual Listing***

On August 13, 2025, our subsidiary, Eve Holding, entered into subscription agreements with certain investors for a US$230 million capital raise through a registered direct offering of 47,422,680 shares of common stock to BNDES Participações S.A. ("BNDESPAR"), a subsidiary of the Brazilian Development Bank – *BNDES*, Embraer and other institutional investors. The offering included Brazilian Depositary Receipts (BDRs), approved for trading on the B3 S.A. – Brasil, Bolsa, Balcão under the symbol "EVEB31," enabling BNDES's investment. Closing of the transaction occurred on August 15, 2025, except for the issuance of common stock of Eve Holding to our subsidiary, Embraer Aircraft Holding, Inc. ("EAH"), which can only take place at least 20 business days following the delivery to Eve Holding's stockholders of an information statement complying with the SEC regulations. Delivery of the information statement occurred on September 2, 2025. Upon completion of the transaction, our equity stake in Eve Holding is expected to decrease to 71.9%. Eve Holding intends to use the proceeds of the offering to support its operations in Brazil, potential acquisitions, debt repayment and for general corporate purposes.

***United States Government Import Tariff Program and Investigation into Brazilian Trading Practices***

Access to markets for our aircraft and our ability to procure aircraft parts and components, and materials and equipment required for our manufacturing process and operations may be subject to interruptions or trade barriers due to policies and tariffs or import/export restrictions of individual countries. Our aircraft may also be subject to tariffs that do not apply to producers based in other countries which could result in changes to our customer base and disrupt our usual sales processes.

In April 2025, the United States government announced the implementation of an import tariff program with country-specific rates, starting from a minimum rate of 10%. Further, in July 2025, the United States announced an additional 40% tariff on select Brazilian exports and an investigation into Brazilian trading practices, which entered into effect in August 2025.

Although the exports of aircraft and aircraft parts remain exempt from this additional tariff as of the date hereof, resulting in Embraer being subject to a 10% tariff, these developments have increased uncertainty for Brazilian companies with exposure to U.S. markets and may lead to further retaliatory measures or reputational risks, which may materially and adversely affect our business, financial conditions and results of operations. As of and for the six-month period ended June 30, 2025, protectionist trade policies and other measures adopted by the current United States administration did not materially and adversely affect our business, financial condition or results of operations.

Currently, our businesses and our suppliers support 13,000 jobs throughout the United States. We advocate for the prompt reinstatement of zero-tariff regulations across the entire aviation and aerospace industry. However, the adoption and expansion of trade restrictions or other governmental action related to tariffs, trade agreements, policies or sanctions may adversely impact our business. We cannot assure you that exports of aircraft and aircraft parts will remain exempt from the additional tariff currently imposed by the United States government on Brazilian exports. Also, we cannot foresee if additional import tariffs or other protective measures will be imposed by the United States or other countries in the future that may impact our sales of aircraft and aircraft parts, or what will be the results of the ongoing investigation into Brazilian trading practices and any resulting measures that may be imposed as a result of such investigation.

For more information on how the United States import tariff program and investigation into Brazilian trading practices may affect us, see "Item 3. Key Information—D. Risk Factors—Industry and Competition—We face risks of being engaged in a global business and operating in global industries, which may adversely affect us" in our 2024 Annual Report.

## Exhibit 99.2

**Exhibit 99.2** 

## Embraer S.A
**Unaudited condensed consolidated interim financial statements** 

**as of and for the six-month period ended June 30, 2025** 

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**INDEX TO THE UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

---

| | |
|:---|:---|
|  | **Page** |
|  Unaudited condensed consolidated statement of financial position | 3 |
|  Unaudited condensed consolidated statement of profit or loss | 5 |
|  Unaudited condensed consolidated statement of comprehensive income | 6 |
|  Unaudited condensed consolidated statement of changes in equity | 7 |
|  Unaudited condensed consolidated statement of cash flows | 8 |
|  Notes to the unaudited condensed consolidated interim financial statements | 9 |

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| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

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**Unaudited condensed consolidated statement of financial position** 

**(In millions of U.S. dollar)** 

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| | | | |
|:---|:---|:---|:---|
| **<u>ASSETS</u>** | **<u>Note</u>** | <br> **06.30.2025** | **12.31.2024** |
|  **CURRENT** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 3 | 654.0 | 1563.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial investments | 4 | 603.6 | 639.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade accounts receivable | 5 | 356.9 | 320.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 6 | 46.1 | 13.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Customer financing | 7 | 5.7 | 12.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract assets | 25.2 | 786.9 | 622.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Inventories | 8 | 3579.2 | 2936.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Income tax and social contribution |  | 215.2 | 142.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other assets | 9 | 269.9 | 262.7 |
|  **TOTAL CURRENT** |  | **6517.5** | **6512.4** |
|  **NON-CURENT ASSETS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial investments | 4 | 347.7 | 348.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade accounts receivable | 5 | 1.5 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract assets | 25.2 |  | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Customer financing | 7 | 18.3 | 20.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred income tax and social contribution | 20.1 | 168.8 | 174.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other assets | 9 | 183.9 | 173.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | 10 | 47.4 | 43.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment | 12 | 2072.7 | 1941.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 13 | 2606.8 | 2502.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Right of use |  | 108.9 | 104.7 |
|  **TOTAL NON-CURRENT ASSETS** |  | **5556.0** | **5311.9** |
|  **TOTAL ASSETS** |  | **12073.5** | **11824.3** |

---

The notes are an integral part of these condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Unaudited condensed consolidated statement of financial position** 

**(In millions of U.S. dollar)** 

---

| | | | |
|:---|:---|:---|:---|
| **<u>LIABILITIES</u>** | **<u>Note</u>** | <br> **06.30.2025** | **12.31.2024** |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable | 14 | 1167.5 | 966.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable - Supplier finance arrangements | 15 | 50.6 | 43.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lease liability |  | 21.0 | 19.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans and financing | 16 | 121.8 | 113.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other payables | 18 | 413.3 | 359.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities | 25.2 | 2733.6 | 2563.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 6 | 82.1 | 71.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxes and payroll charges payable | 19 | 39.4 | 45.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Income tax and social contribution | 20 | 163.9 | 124.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unearned income |  | 22.7 | 17.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provisions | 21 | 94.3 | 90.2 |
|  **TOTAL CURRENT** |  | **4910.2** | **4416.3** |
|  **NON-CURRENT LIABILITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Lease liability |  | 98.0 | 92.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans and financing | 16 | 2083.5 | 2377.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other payables | 18 | 248.6 | 161.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities | 25.2 | 583.1 | 721.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 6 | 43.3 | 31.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxes and payroll charges payable | 19 | 11.1 | 9.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Income tax and social contribution | 20.4 | 3.7 | 3.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred income tax and social contribution | 20.1 | 285.0 | 450.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unearned income |  | 12.0 | 12.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provisions | 21 | 187.2 | 203.7 |
|  **TOTAL NON-CURRENT LIABILITIES** |  | **3555.5** | **4063.4** |
|  **TOTAL LIABILITIES** |  | **8465.7** | **8479.7** |
|  **STOCKHOLDERS´ EQUITY** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Share capital |  | 1551.6 | 1551.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury shares |  | (42.7) | (28.2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Revenue reserves |  | 1624.3 | 1624.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Share-based payment |  | 52.3 | 49.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive loss |  | (113.3) | (257.2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Result in transactions with non controlling interest |  | 135.6 | 135.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retained earnings |  | 125.7 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; **EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY** |  | **3333.5** | **3075.6** |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests |  | 274.3 | 269.0 |
|  **TOTAL EQUITY** |  | **3607.8** | **3344.6** |
|  **TOTAL LIABILITIES AND STOCKHOLDERS´EQUITY** |  | **12073.5** | **11824.3** |

---

The notes are an integral part of these condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Unaudited condensed consolidated statement of profit or loss** 

**For the three-months and six-months periods ended June 30 2025 and 2024** 

**(In millions of U.S. dollars, except per share data)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended** | **Three months ended** | **Six months ended** | **Six months ended** |
|  | <br>**Note** | **06.30.2025** | **06.30.2024** | **06.30.2025** | **06.30.2024** |
|  **REVENUE** |  | 1819.1 | 1494.2 | 2922.2 | 2390.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of sales and services | 26 | (1466.3) | (1254.2) | (2380.2) | (1982.1) |
|  **GROSS PROFIT** |  | **352.8** | **240.0** | **542.0** | **408.7** |
|  **OPERATING INCOME (EXPENSE)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative expenses | 26 | (52.7) | (47.3) | (101.9) | (97.1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Selling expenses | 26 | (88.9) | (76.0) | (159.9) | (152.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expected credit losses |  | (9.1) | (0.2) | (5.9) | (3.4) |
| &nbsp;&nbsp;&nbsp;&nbsp; Research expenses |  | (12.1) | (15.3) | (26.3) | (27.4) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other income | 27 | 17.8 | 66.0 | 41.7 | 75.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other expenses | 27 | (27.4) | (38.7) | (55.4) | (78.6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Share of loss of investments accounted for under the equity method |  | (1.0) | (0.6) | (3.6) | (0.9) |
|  **OPERATING INCOME BEFORE FINANCIAL RESULT** |  | **179.4** | **127.9** | **230.7** | **124.0** |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial income | 28 | 20.1 | 77.8 | 116.4 | 184.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial expenses | 28 | (133.6) | (78.7) | (295.5) | (161.0) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange, net | 29 | (18.8) | (15.7) | (28.6) | (3.2) |
|  **INCOME BEFORE INCOME TAX** |  | **47.1** | **111.3** | **23.0** | **144.4** |
| &nbsp;&nbsp;&nbsp;&nbsp; Income tax | 20.3 | 22.1 | (8.9) | 126.0 | (9.5) |
|  **INCOME FOR THE PERIOD** |  | **69.2** | **102.4** | **149.0** | **134.9** |
|  Atributable to : |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Owners of Embraer |  | 78.5 | 99.3 | 151.9 | 128.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Noncontrolling interest |  | (9.3) | 3.1 | (2.9) | 6.8 |
|  Earnings per share - basic and diluted in US$ | 24 | 0.11 | 0.14 | 0.21 | 0.17 |

---

The notes are an integral part of these condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Unaudited condensed consolidated statement of comprehensive income** 

**For the three-months and six-months periods ended June 30 2025 and 2024** 

**(In millions of U.S. dollars)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Six months ended** | **Six months ended** |
|  | **06.30.2025** | **06.30.2024** | **06.30.2025** | **06.30.2024** |
|  **INCOME FOR THE PERIOD** | 69.2 | 102.4 | 149.0 | 134.9 |
|  **ITEMS THAT MAY BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial instruments - Cash flow hedge, net of tax | 3.3 | (7.7) | 13.7 | (11.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments | 91.9 | (29.6) | 137.5 | (51.8) |
|  **OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX EFFECTS** | **95.2** | **(37.3)** | **151.2** | **(63.1)** |
|  **TOTAL COMPREHENSIVE INCOME** | **164.4** | **65.1** | **300.2** | **71.8** |
|  **Attributable to:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Owners of Embraer | 169.0 | 67.9 | 295.8 | 72.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | (4.6) | (2.8) | 4.4 | (0.6) |

---

The notes are an integral part of these condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **Embraer S.A.** | ![LOGO](g947165embaer.jpg) |
| **Unaudited condensed consolidated statement of changes in equity**<br> **For the six-months ended June 30 2025 and 2024** |  |
| **(In millions of U.S. dollars)** | |

---

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | **Embraer shareholders** | | |
|  | | | | | | | | | | **Equity valuation adjustment** | **Equity valuation adjustment** | **Equity valuation adjustment** | | | |
|  |<br>**Note** |<br>**Capital** |<br>**Treasury<br>shares** |<br>**Share-based<br>payment** |<br>**Investment<br>subsidy** |<br>**Legal<br>reserve** |<br>**For investment<br>and working<br>capital** |<br>**Result in<br>transactions<br>with non<br>controlling<br>interest** |<br>**Retained<br>earnings** | **Post-<br>employment<br>benefit** | **Cumulative<br>translation<br>adjustment** | **Other<br>cumulative<br>translation<br>adjustment** |<br>**Total** |<br>**Non-**<br>**controlling<br>interest** |<br>**Total<br>equity** |
|  **At December 31, 2023** |  | **1551.6** | **(28.2)** | **44.8** | **49.0** | **204.4** | **1026.7** | **90.9** | **-** | **(46.0)** | **(116.8)** | **10.1** | **2786.5** | **252.8** | **3039.3** |
|  Income for the period |  |  |  |  |  |  |  |  | 128.1 |  |  |  | 128.1 | 6.8 | 134.9 |
|  Other comprehensive income |  |  |  |  |  |  |  |  |  |  | (44.5) | (11.2) | (55.7) | (7.4) | (63.1) |
|  **Total comprehensive income** |  | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **128.1** | **-** | **(44.5)** | **(11.2)** | **72.4** | **(0.6)** | **71.8** |
|  Share-based remuneration |  |  |  | 3.1 |  |  |  |  |  |  |  |  | 3.1 | 0.4 | 3.5 |
|  Allocation of profits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Legal reserve |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Result in transactions with non controlling interest |  |  |  |  |  |  |  | 1.2 |  |  |  |  | 1.2 | (1.9) | (0.7) |
|  **At June 30, 2024** |  | **1551.6** | **(28.2)** | **47.9** | **49.0** | **204.4** | **1026.7** | **92.1** | **128.1** | **(46.0)** | **(161.3)** | **(1.1)** | **2863.2** | **250.7** | **3113.9** |
|  **At December 31, 2024** |  | **1551.6** | **(28.2)** | **49.3** | **49.0** | **207.0** | **1368.3** | **135.8** | **-** | **(41.1)** | **(201.7)** | **(14.4)** | **3075.6** | **269.0** | **3344.6** |
|  Income for the period |  |  |  |  |  |  |  |  | 151.9 |  |  |  | 151.9 | (2.9) | 149.0 |
|  Other comprehensive income |  |  |  |  |  |  |  |  |  |  | 130.2 | 13.7 | 143.9 | 7.3 | 151.2 |
|  **Total comprehensive income** |  | **-** | **-** | **-** | **-** | **-** | **-** | **-** | **151.9** | **-** | **130.2** | **13.7** | **295.8** | **4.4** | **300.2** |
|  Share-based remuneration |  |  |  | 3.0 |  |  |  |  |  |  |  |  | 3.0 | 0.6 | 3.6 |
|  Result in transactions with non controlling interest |  |  |  |  |  |  |  | (0.2) |  |  |  |  | (0.2) | 0.3 | 0.1 |
|  Acquisition of own shares | 24 |  | (14.5) |  |  |  |  |  |  |  |  |  | (14.5) |  | (14.5) |
|  **Allocation of profits:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Interest on own capital | 1.1.5 |  |  |  |  |  |  |  | (26.2) |  |  |  | (26.2) |  | (26.2) |
|  **At June 30, 2025** |  | **1551.6** | **(42.7)** | **52.3** | **49.0** | **207.0** | **1368.3** | **135.6** | **125.7** | **(41.1)** | **(71.5)** | **(0.7)** | **3333.5** | **274.3** | **3607.8** |

---

The notes are an integral part of these condensed consolidated financial statements.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**UUnaudited Condensed consolidated statement of cash flows** 

**For the six-months ended June 30 2025 and 2024** 

**(In millions of U.S. dollars)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **06.30.2025** | **06.30.2024** |
|  **OPERATING ACTIVITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income for the period |  | 149.0 | 134.9 |
|  **ADJUSTMENT TO NET INCOME FOR ITEMS NOT AFFECTING CASH** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization expenses |  | 110.2 | 101.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Realization of contribution from suppliers | 13 | (10.0) | (10.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal due to reduction in the recoverable value of inventories |  | 11.8 | 3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustment to fair value - Financial investments |  | 15.4 | 6.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expect credit loss |  | 5.9 | 3.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss (gain) on disposal of assets (1) |  | 13.9 | 3.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax and social contribution | 20.3 | (126.0) | 9.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest |  | 73.2 | 90.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on marketable securities, net |  | (9.4) | (7.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of (profit) loss of investments accounted for under the equity method |  | 3.6 | 0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange gain (loss), net | 29 | 22.4 | 3.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other provisions |  | (39.7) | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | 3.5 | 3.5 |
|  **CHANGES IN ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial investments |  | 129.1 | 48.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments |  | 2.4 | (86.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable |  | (36.5) | (33.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets |  | (164.2) | (114.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customer and commercial financing |  | 6.1 | 15.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories |  | (689.1) | (665.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets |  | (82.0) | (56.5) |
|  **CHANGES IN LIABILITIES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable and Trade accounts payable - Supplier finance arrangements |  | 207.0 | 275.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other payables |  | 190.0 | (1.3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities |  | 32.2 | 60.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taxes and payroll charges payable |  | 43.2 | 9.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unearned income |  | 3.8 | (4.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax and social contribution paid |  | (49.2) | (44.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest paid | 17.1 | (76.6) | (93.5) |
|  **NET CASH USED IN OPERATING ACTIVITIES** |  | **(260.0)** | **(348.0)** |
|  **INVESTING ACTIVITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of property, plant and equipment |  | (119.1) | (100.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sale of property, plant and equipment |  | 10.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to intangible assets | 13 | (132.0) | (130.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions to investments and affiliates, net of cash acquired |  | (0.1) | (15.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial investments |  | (81.2) | (148.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from loan granted |  |  | 60.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends received |  |  | 0.4 |
|  **NET CASH USED IN INVESTING ACTIVITIES** |  | **(321.5)** | **(334.3)** |
|  **FINANCING ACTIVITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from loans and financing |  | 1146.2 | 239.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of loans and financing |  | (1437.4) | (456.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends and interest on own capital |  | (9.1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of treasury shares |  | (14.5) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease payments | 17.1 | (12.0) | (7.8) |
|  **NET CASH USED IN FINANCING ACTIVITIES** |  | **(326.8)** | **(225.0)** |
|  **DECREASE IN CASH AND CASH EQUIVALENTS** |  | **(908.3)** | **(907.3)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effects of exchange rate changes on cash and cash equivalents |  | (0.7) | (2.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents at the beginning of the period | 3 | 1563.0 | 1626.3 |
|  **CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD** | **3** | **654.0** | **716.5** |

---

<sup>(1)</sup> Loss (gain) on disposal of assets comprise property, plant and equipment, intangible, right of use and investments.

The notes are an integral part of these condensed consolidated financial statements.

The notes are an integral part of these condensed consolidated interim financial statements.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.***

---

| | |
|:---|:---|
| **1** | **OPERATIONS**  |

---

Embraer S.A. ("Embraer") is a publicly traded company listed in the Novo Mercado segment of the Brazilian Stock Exchange (B3 S.A.- Brasil, Bolsa, Balcão), under the ticker code EMBR3. Additionally, Embraer has issued American Depositary Shares, represented by American Depositary Receipts ("ADRs") which are registered with the Securities and Exchange Commission ("SEC") and listed on the New York Stock Exchange ("NYSE") under the ticker code ERJ.

Embraer is domiciled in São José dos Campos, State of São Paulo, Brazil, and, along with its subsidiaries (together referred to as "the Company"), engages in the following main activities:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | To design, build and market aircraft and aerospace materials and related accessories, components and equipment;  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | To perform and carry out technical activities related to the manufacturing and maintenance of aerospace materials;  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | To contribute training technical personnel as necessary for the aerospace industry;  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | To engage in and provide services for other technological, industrial, commercial, and service activities related to the aerospace industry;  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | To design, build and market equipment, materials, systems, software, accessories, and components for the defense, security, and energy industries, as well as promote and carry out technical activities related to the manufacturing and servicing thereof; and  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | To conduct other technological, industrial, commercial and services activities related to the defense, security, and energy industries.  |

---

The Company has strategic divisions, which are its reportable segments (see Note **31**): Commercial Aviation, Executive Aviation, Defense & Security and Services & Support.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1** **Significant events and their impacts on the consolidated interim financial statements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1.1** **New tariffs imposed by the U.S. government** 

On July 30, 2025, the U.S. government announced the imposition of new tariffs on certain products imported from Brazil. The maximum rate of tariffs imposed on certain Brazilian products was 50%. However, several products were excluded from the maximum rate and remained at the general rate of 10% previously published, among which are aircraft and their parts.

Although the cost of Commercial Aviation and Executive Aviation aircraft may be impacted, it is estimated that the increase in cost will be lower than the 10% tariff imposed on Brazilian products, as a portion of the components used in the manufacture of these aircraft is produced in the US. Also, in certain situations, the additional cost resulting from the new pricing will tend to be paid by the buyers of the planes - that is, by the importer.

In view of the uncertainty arising from the constant changes in position by the U.S. government, Management will continue to monitor the international scenario in a manner to identify strategies that may mitigate any commercial risks and negative impacts on the result.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1.2** **Israel - Hamas conflict** 

The Company continues to closely monitor the facts, aiming to identify developments that may generate potential impacts on the supply chain, in addition to others related to operations and customer support.

As of June 30, 2025, the Company has no material assets or liabilities exposed to Israel or Palestine; therefore, no relevant accounting impact has been identified through the date of authorization for issuing these consolidated interim financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1.3** **Russia - Ukraine conflict** 

Since March 2022, the Company has suspended the supply of parts, maintenance, and technical support services for certain customers to comply with the sanctions imposed on Russia, Belarus and certain regions of Ukraine by laws of jurisdictions to which Embraer is subject.

The Company continues to monitor its supply chain to identify potential disruptions related to the conflict between Russia and Ukraine while there is no immediate concern about the availability of titanium in our supply chain given the Company´s inventory position and existing alternative sources in other countries.

The notes are an integral part of these condensed consolidated interim financial statements.

------

**Embraer S.A**

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

As of June 30, 2025, the Company has no material assets or liabilities exposed to Russia, Belarus or Ukraine; therefore, no relevant accounting impact was identified through the date of authorization for issuance of these consolidated interim financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1.4** **Interest on Equity** 

In April 2025, the Company approved the distribution of interest on equity in the total amount of US$26.2 to its shareholders. This distribution, which is a form of remuneration of equity, was duly approved by the Management and is in accordance with the applicable tax legislation.

---

| | |
|:---|:---|
| **2** | **BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1 Basis of preparation** 

These unaudited condensed consolidated interim financial statements ("interim financial statements") as of and for the six months ended June 30, 2025 comprise Embraer S.A. and its subsidiaries.

These interim financial statements have been prepared in accordance with IAS 34 - Interim Financial Reporting, and should be read in conjunction with the Company's last annual consolidated financial statements as of and for the year ended December 31, 2024 ("last annual financial statements"). They do not include all the information required for a complete set of financial statements prepared in accordance with IFRS Accounting Standards. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Company's financial position and performance since the last annual financial statements.

In preparing these interim financial statements, Management has made judgments and estimates that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.

The significant judgments made by management in applying the Company's accounting policies and the key resources of estimation uncertainty were the same as those described in the last annual financial statements.

The accounting standards that came into effect on January 1, 2025 did not have a material effect on unaudited condensed consolidated interim financial statements.

These interim financial statements were approved and authorized for issue by the Company's Management on September 22, 2025.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2** **Functional and presentation currency** 

These interim financial statements are presented in U.S. dollars ("US$" or "Dollars"), which is the Company's functional currency. All amounts have been rounded to the nearest million, unless otherwise indicated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2.1** **Subsidiaries** 

These interim financial statements include the interim financial statements of Embraer S.A. and subsidiaries listed below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest (%)** | **Interest (%)** |  |  |
| **Entity** | **2025** | **2024** | **Country** | **Core activities** |
| ***Directly controlled*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ELEB Equipamentos Ltda.<br> (i) |  | 100% | Brazil | Sale of hydraulic and mechanical equipment for the aviation industry |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Aircraft Holding, Inc. | 100% | 100% | USA | Concentrates corporate activities in the USA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Aviation International - EAI | 100% | 100% | France | Sale of parts and after sale services in Europe, Africa and the Middle East |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Defesa e Segurança Participações S.A. | 100% | 100% | Brazil | Coordinates investments in the Defense & Security segments |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer GPX Ltda. | 100% | 100% | Brazil | No operations |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Netherlands B.V. | 100% | 100% | Netherlands | Concentrates corporate activities in Europe for leasing and selling used aircraft |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Netherlands Finance B.V. | 100% | 100% | Netherlands | Financial operations raising and investing funds of the Embraer Group. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Overseas Ltd. | 100% | 100% | Cayman<br>Islands | Financial operations raising and investing funds of the Embraer Group. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Spain Holding Co. SL | 100% | 100% | Spain | Concentrates corporate activities abroad |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fundo de Investimento em Participações Embraer Ventures | 100% | 100% | Brazil | Exclusive fund created with the objective of technological and financial aggregation based on investment and support to small and medium-sized companies focused on disruptive innovation in areas related to the A&D sector. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yaborã Indústria Aeronáutica S.A. | 100% | 100% | Brazil | No operations |
| ***Indirectly controlled*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Airholding S.A.<br> (i) |  | 100% | Portugal | Coordinates investments in subsidiaries in Portugal |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atech - Negócios em Tecnologias S.A. | 100% | 100% | Brazil | Development and control, communications, computer and intelligence services |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coqueiro Par Participações Ltda. ("Coqueiro")<br> (i) |  | 100% | Brazil | Interest in other companies. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ECC Investment Switzerland AG | 100% | 100% | Switzerland | Coordinates investments in subsidiaries abroad |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer (China) Aircraft Technical Services Co. Ltd. | 100% | 100% | China | Sale of spare parts and support services in China |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Aircraft Customer Services, LLC | 100% | 100% | USA | Sale of spare parts and support services in North America and the Caribbean |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Aircraft Maintenance Services, LLC | 100% | 100% | USA | Maintenance of aircraft and components |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Asia Pacific PTE. Ltd. | 100% | 100% | Singapore | Sale of spare parts and support services in Asia |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Business Innovation Center, Inc. | 100% | 100% | USA | R&D of technological innovations in the aerospace sector and related areas |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer CAE Training Services (NL) B.V. | 51% | 51% | Netherlands | Pilot, mechanic and crew training |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer CAE Traning Services (BR) Limited<br> (iii) | 51% |  | Brazil | Pilot, mechanic and crew training |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer CAE Training Services (U.K.) Limited | 51% | 51% | United<br>Kingdom | Pilot, mechanic and crew training |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer CAE Training Services, LLC | 51% | 51% | USA | Pilot, mechanic and crew training |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Defense and Security, Inc. | 100% | 100% | USA | Supply of Super Tucano aircraft to the American Air Force (LAS) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Engineering & Technology Center USA, Inc. | 100% | 100% | USA | Engineering services related to aircraft research and development |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Executive Aircraft, Inc. | 100% | 100% | USA | Final assembly and delivery of executive jets |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Executive Jet Services, LLC | 100% | 100% | USA | After sale support and aircraft maintenance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Finance Ltd. | 100% | 100% | Cayman<br>Islands | No operations |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Portugal S.A. | 100% | 100% | Portugal | Coordinates investments and economic activities in subsidiaries in Portugal |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embraer Service Private Ltd.<br> (ii) | 100.0% |  | India | No operations |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eve Holding, Inc. ("Eve Holding") | 83.7% | 83.7% | USA | Publicly held company, with shares traded on the NYSE, which owns the full interest of EVE UAM, LLC. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eve Soluções de Mobilidade Aérea Urbana Ltda. | 83.7% | 83.7% | Brazil | Eve subsidiary with operations in Brazil. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eve UAM, LLC. | 83.7% | 83.7% | USA | Development, design, manufacture, marketing, certification and support of aircraft and urban air traffic management solutions related to urban air mobility. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EZS Informática S.A. | 100.0% | 100.0% | Brazil | Retail trade of computer products, maintenance, repair and related services |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OGMA - Indústria Aeronáutica de Portugal S.A. | 65% | 65% | Portugal | Aviation maintenance and production |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tempest Security Intelligence Limited | 100.0% | 76.6% | United<br>Kingdom | Retail trade of computer products, maintenance, repair and related services |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tempest Serviços de Informática S.A. ("Tempest") | 100.0% | 76.6% | Brazil | Research, development and services in the areas of Information Technology, Information Security and Intelligence |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Visiona Internacional B.V. | 51% | 51% | Netherlands | International subsidiary of Visiona |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Visiona Tecnologia Espacial S.A. | 51% | 51% | Brazil | Supply and development of satellite solutions |
| ***Joint operations*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EZ Air Interior Limited | 50% | 50% | Ireland | Fabrication of interiors for commercial aircraft |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

The main changes that occurred during the period are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In January 2025 *ELEB Equipamentos Ltda*. was merged by Embraer S.A., Airholding S.A. was merged by *Embraer Portugal S.A.* and *Coqueiro Par Participações Ltda.* was merged by *Embraer Defesa e Segurança Participações S.A.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In March 2025 was created in India the Embraer Services Private Ltd., 99.9% owned by Embraer Netherlands B.V. and 0.01% under Embraer Asia Pacific PTE. Ltd. The entity is not operational.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In April 2025, the subsidiary Embraer CAE Training Services BR Ltd. was created in Brazil, 51% owned by Embraer CAE Training Services (NL) B.V.

---

| | |
|:---|:---|
| **3** | **CASH AND CASH EQUIVALENTS**  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | | **06.30.2025** | **12.31.2024** |
|  Cash and banks |  | 396.6 | 494.0 |
|  |  | **396.6** | **494.0** |
|  Cash equivalents |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Private securities (i) | (i) | 112.0 | 87.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fixed deposits (ii) | (ii) | 145.4 | 981.3 |
|  |  | **257.4** | **1069.0** |
|  **Cash and cash equivalents in the statement of financial position** |  | **654.0** | **1563.0** |
|  Cash and cash equivalents in the statement of cash flows |  | **654.0** | **1563.0** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Applications in Bank Deposit Certificates (CDBs) and Private Securities Repurchase Agreements issued by financial institutions in Brazil.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Fixed term deposits in dollars issued by financial institutions.

---

| | |
|:---|:---|
| **4** | **FINANCIAL INVESTMENTS**  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | | **06.30.2025** | **12.31.2024** |
|  Investments |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Public securities | (i) | 66.5 | 66.5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Private securities | (ii) | 81.8 | 99.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Structure note | (iii) | 233.8 | 133.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment funds | (iv) | 131.0 | 125.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fixed-term deposit | (v) | 339.1 | 468.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Others | (vi) | 99.1 | 95.0 |
|  |  | **951.3** | **988.0** |
|  Current |  | 603.6 | 639.7 |
|  Non-current |  | 347.7 | 348.3 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Debt securities issued by the Brazilian government with maturity in 2030.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Corporate bonds issued by private financial institutions and non-financial institutions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Structured notes subject to the credit risk of the financial institution and the Brazilian government in the amount of US$203.0 (2024: US$87.1) and structured notes subject to the credit risk of two financial institutions (concurrently) in the amount of US$30.8 (2024: US$46.1)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Embraer Multi-Strategy Equity Investment Fund in the amount of US$26.7 (2024: US$22.0) and portfolio managed by PNC Bank in the amount of US$104.3 (2024: US$103.2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Fixed-term deposits in US$ issued by financial institutions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Refers mainly to the investments in shares of the Republic Airways Holdings ("Repulic Airways").

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

As of June 30, 2025, the weighted average nominal interest rates, considering cash equivalents and financial investments, are 12.61% p.a. made in Brazilian Reais ("R$"), equivalent to 91.88% p.a of the Interbank Deposit Certificate ("CDI"), and 4.69% p.a. in US$(2024: 10.55% p.a. in R$, equivalent to 97.36% p.a. of CDI, and 5.50% p.a. in US$).

---

| | |
|:---|:---|
| **5** | **TRADE ACCOUNTS RECEIVABLE**  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** |
|  Foreign customers |  |  | 340.8 |  | 293.8 |
|  Accounts receivable due from related parties | 11.3 |  | 3.5 |  | 7.1 |
|  Domestic customers |  |  | 27.2 |  | 34.1 |
|  |  |  | **371.5** |  | **335.0** |
|  Expected credit losses |  |  | (13.1) |  | (12.2) |
|  |  |  | 358.4 |  | 322.8 |
|  Current |  |  | 356.9 |  | 320.8 |
|  Non-current |  |  | 1.5 |  | 2.0 |

---

The change in allowance for expected credit losses was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** |
|  **Beginning balance** |  | **(12.2)** |  | **(9.8)** |
| &nbsp;&nbsp;&nbsp;&nbsp; (Additions)/Reversals |  | (3.4) |  | (5.5) |
| &nbsp;&nbsp;&nbsp;&nbsp; Write-off |  | 3.2 |  | 2.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange variation |  | (0.7) |  | 0.5 |
|  **Ending balance** |  | **(13.1)** |  | **(12.2)** |

---

For additional information on measurement of expected credit losses and aging, see Note <u>23.1.3</u>.

---

| | |
|:---|:---|
| **6** | **DERIVATIVE FINANCIAL INSTRUMENTS**  |

---

The Company has contracted derivative financial instruments to protect operations against the risks of fluctuations in exchange rates, interest rates, and share prices. The Company does not contract derivative instruments for speculative purposes.

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Equity swap: the main objective of neutralizing fluctuations in the EMBR3 share price, with a view to the future settlement of share-based payment plans (Note 22.1). The fair value of these instruments is determined by calculating the difference between (i) the multiplication of the share's closing price and the number of shares traded, and (ii) the notional value remunerated by the contractual interest rates until maturity, which is then discounted to present value using current market rates  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Purchase of sell and buy currency options: in order to protect cash flows for wage expenses and corresponding labor charges denominated in R$ from currency fluctuations risks. The strategy used by the Company involves a zero-cost collar, which consists of purchasing a put option and selling a call option, all contracted with the same counterparty to maintain a zero-net premium. The Company adopts the Black-76 pricing model along with observable data to measure the fair value of these instruments*.*  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Non-deliverable forward ("NDF"): the purpose of protecting the Company from risks associated with fluctuations in exchange rates. The fair value of these instruments is measured under the discounted cash flow model. Future cash flows are estimated based on future exchange rates observed at the reporting period and future contractual rates, then discounted at current market rates.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Warrants: options issued by Eve Holding granting holders the right, but not the obligation, to purchase its shares (NYSE: EVEX). Changes in the fair value are recognized in profit or loss as financial results.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Swap: currency and rate: objective to protect the exchange exposure arising from a financial liability denominated in reais, indexed to the Reference Rate (TR) plus an annual spread. The measurement of the fair value of the instrument is based on discounted cash flow, where the future flows of the active end (TR + spread,  |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

in R$) are projected and brought to present value using the yield curve in R$ and the flows of the passive end, denominated in USD, are discounted by the yield curve in USD. <br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | | | **Carrying amount** | **Carrying amount** |
| <br>**Purpose** | <br>**Risk** | <br>**Instrument** |<br>**Notional** |<br>**Settlement<br>date** | **06.30.2025** | **12.31.2024** |
|  ***Cash flow hedge designated as hedge accounting*** | ***Cash flow hedge designated as hedge accounting*** | ***Cash flow hedge designated as hedge accounting*** | ***Cash flow hedge designated as hedge accounting*** | ***Cash flow hedge designated as hedge accounting*** | **3.2** | **(17.6)** |
| Payroll expenses settled in Brazilian reais | Exchange rate | Zero-cost collar derivative financial instruments, with purchase of put options at the exercise price of R$5.41 and sale of call options at the weighted average exercise price of R$6.72 | 258.4 | 2025 | 3.2 | (17.6) |
|  **Others derivatives not designated as hedge accounting** | **Others derivatives not designated as hedge accounting** | **Others derivatives not designated as hedge accounting** | **Others derivatives not designated as hedge accounting** | **Others derivatives not designated as hedge accounting** | **(82.5)** | **(73.0)** |
| Export | Exchange rate | Non-Deliverable forwards to exchange euro currency debt to US dollar currency. | 57.0 | 2025 | (3.6) | 2.5 |
| *Equity* | Share price:<br> ticker EMBR3 | *Equity swap* | 61.1 | 2025 |  | 10.5 |
| *Equity* | Share price:<br> ticker EMBR3 | *Equity swap* | 165.4 | 2025 | 42.9 |  |
| *Equity* | Share price:<br> ticker EVEX | *Private warrants* | 14.3 | 2027 | (13.1) | (7.0) |
| *Equity* | Share price:<br> ticker EVEX | *Public warrants* | 8.2 | 2027 | (7.6) | (4.0) |
| *Equity* | Share price:<br> ticker EVEX | *Strategic warrants* | 31.5 | 2027 | (100.8) | (75.0) |
| Projects | Exchange and<br>Interest rate | Interest swap for exchanging debt in post-fixed reais to debt in post-fixed dollars. | 8.4 | 2040 | (0.3) |  |
|  |  |  |  |  | **(79.3)** | **(90.6)** |
|  |  | **Assets** |  |  |  |  |
|  |  | Current |  |  | 46.1 | 13.2 |
|  |  | **Liabilities** |  |  |  |  |
|  |  | Current |  |  | (82.1) | (71.9) |
|  |  | Non-current |  |  | (43.3) | (31.9) |
|  |  | **Net derivative financial instruments** |  |  | **(79.3)** | **(90.6)** |

---

As of June 30, 2025, the Company had no margin calls related to derivative transactions

---

| | |
|:---|:---|
| **7** | **CUSTOMER AND COMMERCIAL FINANCING**  |

---

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
|  Aircraft | 18.9 | 21.4 |
|  Spare parts | 27.5 | 31.1 |
|  | **46.4** | **52.5** |
|  Fair value adjustment | (11.5) | (11.4) |
|  Expected credit losses | (10.9) | (8.7) |
|  Total | 24.0 | 32.4 |
|  Current | 5.7 | 12.2 |
|  Non-current | 18.3 | 20.2 |

---

The change in allowance for expected credit losses was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** |
|  **Beginning balance** |  | **(8.7)** |  | **(3.4)** |
| &nbsp;&nbsp;&nbsp;&nbsp; (Additions)/Reversal |  | (2.2) |  | (5.3) |
|  **Ending balance** |  | **(10.9)** |  | **(8.7)** |

---

Based on the Company's assessment, the highest risk rating for financing customers is D, with a maximum expected credit loss of 100.0% for the period.

For additional information on measurement of expected credit losses, see Note <u>23.1.3</u>.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

As of June 30, 2025, the maturity schedule for non-current customer financing balance is as follows:

---

| | |
|:---|:---|
| **Year** | |
|  2026 | 2.6 |
|  2027 | 7.5 |
|  2028 | 4.3 |
|  Thereafter | 3.9 |
|  | **18.3** |

---

---

| | |
|:---|:---|
| **8** | **INVENTORIES**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** | **12.31.2024** | **12.31.2024** |
|  | **Gross book**<br> **value** | **Write-down<br>for**<br> **obsolescence** | **Write-down<br>for**<br> **market value** | **Net book**<br> **value** | **Gross book**<br> **value** | **Write-down<br>for**<br> **obsolescence** | **Write-down<br>for**<br> **market value** | **Net book**<br> **value** |
|  Finished goods<br> (i) | 146.1 |  |  | 146.1 | 76.8 |  |  | 76.8 |
|  Work in process | 1358.0 |  | (1.0) | 1357.0 | 840.9 |  |  | 840.9 |
|  Raw materials | 1352.7 | (91.5) |  | 1261.2 | 1302.6 | (84.6) |  | 1218.0 |
|  Spare parts | 505.9 | (43.0) | (0.9) | 462.0 | 476.5 | (38.2) | (0.9) | 437.4 |
|  Consumption materials | 61.0 | (5.9) |  | 55.1 | 58.4 | (5.4) |  | 53.0 |
|  Inventory in transit | 146.3 |  |  | 146.3 | 163.2 |  |  | 163.2 |
|  Held by third parties | 130.5 | (6.2) |  | 124.3 | 112.2 | (4.5) |  | 107.7 |
|  Advances to suppliers | 27.2 |  |  | 27.2 | 39.1 |  |  | 39.1 |
|  | **3727.7** | **(146.6)** | **(1.9)** | **3579.2** | **3069.7** | **(132.7)** | **(0.9)** | **2936.1** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The following aircraft were held in the finished goods inventory:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | June 30, 2025: two Embraer 195-E2, one Phenom 100, three Phenom 300, one Praetor 500, two Praetor 600 and nineteen Ipanemas.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | December 31, 2024: one Phenom 100, three Phenom 300, one Praetor 500 and two Praetor 600.  |

---

The movement of write-down for reduction in market value was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** |
|  **Beginning balance** |  | **(0.9)** |  | **(1.4)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Additions |  | (1.3) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  |  | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reversals |  | 0.3 |  | 0.4 |
|  **Ending balance** |  | **(1.9)** |  | **(0.9)** |

---

The movement of write-down for obsolescence was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** |
|  **Beginning balance** |  | **(132.7)** |  | **(125.9)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Additions |  | (33.2) |  | (52.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Disposals |  | 2.0 |  | 11.5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reversals |  | 18.8 |  | 33.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange gain (loss) |  | (1.5) |  | 0.7 |
|  **Ending balance** |  | **(146.6)** |  | **(132.7)** |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.***

---

| | |
|:---|:---|
| **9** | **OTHER ASSETS**  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **06.30.2025** | **12.31.2024** |
| Court-mandated escrow deposits |  | 37.8 | 32.5 |
| Guarantee deposits |  | 19.9 | 12.8 |
| Other debtors |  | 58.3 | 54.0 |
| Collateralized accounts receivable |  | 0.6 | 1.1 |
| Advances to employees |  | 34.3 | 18.6 |
| Loan with a joint operation |  | 24.1 | 23.8 |
| Advances for services to be rendered |  | 1.8 | 1.6 |
| Prepaid expenses |  | 76.6 | 76.6 |
| Taxes recoverable | 9.1 | 147.8 | 154.0 |
| Other credits to related parties |  |  | 1.1 |
| Costs to comply with contractual obligations |  | 37.8 | 39.9 |
| Others |  | 14.8 | 20.1 |
|  |  | **453.8** | **436.1** |
| Current |  | 269.9 | 262.7 |
| Non-current |  | 183.9 | 173.4 |

---

**9.1** **Taxes recoverable** 

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
| ICMS (State Value-added Tax) and IPI (Excise Tax) | 49.6 | 42.8 |
| Value added tax | 14.5 | 13.4 |
| Income tax and social security on net income withheld | 12.4 | 20.1 |
| PIS (Social Integration Program) and COFINS (Contribution for Social Security) | 18.1 | 14.0 |
| Advance service tax (ISS- Service tax) | 6.0 | 5.3 |
| Reintegra (Special regime for exporters) | 3.8 | 6.0 |
| Tax Credits - Court Decisions | 41.3 | 50.6 |
| Others | 2.1 | 1.8 |
|  | **147.8** | **154.0** |
| Current | 83.0 | 87.6 |
| Non-current | 64.8 | 66.4 |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.***

---

| | |
|:---|:---|
| **10** | **INVESTMENTS**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.1** **Investments movement** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **12.31.2024** | **Gain (loss) by**<br>**equity method**<br>**(profit or loss)** | **Cumulative<br>translation**<br>**adjustment** | **Addition** | **06.30.2025** |
| MSW Multicorp 2 Fundo de Investimento em Participações | 2.8 | 0.2 | 0.4 |  | 3.4 |
| Xmobots Holding S.A. (i) | 20.0 | (0.8) | 2.3 |  | 21.5 |
| Fundo de Investimento em Participações Aeroespacial Multiestratégia | 2.2 | (0.3) | 0.5 | 0.2 | 2.6 |
| Nidec Aerospace, LLC. | 3.0 | (4.7) |  | 1.6 | (0.1) |
| Águas Azuis Construção Naval SPE Ltda. | 15.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.0 | 2.3 |  | 20.0 |
|  | **43.7** | **(3.6)** | **5.5** | **1.8** | **47.4** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company's interest in Xmobots Holding S.A. increased to 36.92% (2023: 10.24%), resulting from the acquisition of an additional equity interest, through Embraer Ventures Equity Investment Fund, in March 2024. Due to this increase and other conditions, the Company now has significant influence on the financial and operating policies of the investee.

Therefore, the investment that, prior to the transaction, was measured at fair value and presented as financial investments, is now measured under equity method.

The transaction price was R$89.9 million (equivalent to US$18.0), of which R$65.5 million (equivalent to US$13.2) has already been paid. The remaining balance is presented as other payables.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.2** **Interests in entities** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.2.1** **Subsidiaries without non-controlling interests** 

There are no contractual or legal restrictions on Embraer's access to assets or settlement of liabilities of these subsidiaries.

There are inherent risks to the operations of these entities, the most significant of which are described below:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Economic Risks: potential losses from fluctuations in market conditions (price of products, exchange rate and interest).  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Operational risk: potential losses resulting from the emergence of new technologies or failure of current processes.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Credit risk: potential losses that might occur if a third party (customer) becomes unable to meet its obligations, and  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Liquidity risk: financial inability to meet financial obligations.  |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.2.2** **Subsidiaries with non-controlling interests** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** | **12.31.2024** |
|  | **Non-controlling interest** | **Non-controlling interest** | **Non-controlling interest** | **Non-controlling interest** | **Non-controlling interest** | **Non-controlling interest** |
| **Entity** | **%** | **Equity** | **Income<br>(loss)** | **%** | **Equity** | **Income<br>(loss)** |
| Embraer CAE Training Services (NL) B.V. | 49.0% | 11.9 | 1.5 | 49.0% | 34.3 | 5.4 |
| Embraer CAE Training Services, LLC | 49.0% | 36.6 | 2.3 | 49.0% | 9.3 | 0.2 |
| EVE Holding Inc. | 16.3% | 25.4 | (9.3) | 16.3% | 34.1 | (2.3) |
| OGMA - Indústria Aeronáutica de Portugal S.A. | 35.0% | 51.0 | 2.8 | 35.0% | 42.7 | (0.5) |
| Tempest Serviços de Informática S.A. | — % |  |  | — % |  | (0.4) |
| Visiona Tecnologia Espacial S.A. | 49.0% | 13.7 | (0.2) | 49.0% | 12.9 | (0.3) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138.6 | (2.9) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 |
| Listing Expenses | 100.0% | 135.7 |  | 100.0% | 135.7 |  |
|  |  | 274.3 | (2.9) |  | 269.0 | 2.1 |

---

The financial position of the most significant entities with non-controlling interests is summarized below, which are OGMA - Indústria Aeronáutica de Portugal S.A., Eve Holding and Embraer CAE Training Services, LLC.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **OGMA** | **OGMA** | **Eve Holding** | **Eve Holding** | **Embraer CAE Training<br>Services, LLC** | **Embraer CAE Training<br>Services, LLC** |
|  | **06.30.2025** | **12.31.2024** | **06.30.2025** | **12.31.2024** | **06.30.2025** | **12.31.2024** |
| Total assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96.7 |
| Total liabilities | 310.7 | 229.3 | 132.4 | 95.0 | 23.9 | 26.7 |
| Shareholders' equity | 145.8 | 122.1 | 155.7 | 209.2 | 74.6 | 70.0 |
|  | **06.30.2025** | **06.30.2024** | **06.30.2025** | **06.30.2024** | **06.30.2025** | **06.30.2024** |
| Revenue | 195.2 | 143.0 |  |  | 17.4 | 16.4 |
| Net income (loss) for the period | 7.9 | (1.8) | (56.9) | 45.2 | 4.6 | 5.7 |

---

As of June 30, 2025, the market capitalization value of the Company's interest in Eve Holding is US$1,460.3 (2024: US$1,355.6), corresponding to 249,199,589 (2024: 249,199,589) shares valued at US$6.86 (2024: US$5.44).

The market capitalization for these shares does not necessarily reflect the realization value on the sale of a representative lot of shares.

Subsidiaries with non-controlling interests are subject to the same risks as the wholly owned subsidiaries.

The Company has significant restrictions on access to cash balances, cash equivalents and financial investments of Eve Holding to settle obligations not directly related to the business of Eve Holding, as defined in the Eve Holding shareholders' agreement (protective law).

---

| | |
|:---|:---|
| **11** | **RELATED PARTIES**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.1** **Related party transactions** 

The main transactions with related parties refer to:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Assets: (i) accounts receivable for spare parts, aircraft sales and product development, under conditions agreed between the parties, considering the volumes, risks involved and corporate policies; (ii) balances of financial investments; and (iii) bank deposits.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Liabilities: (i) purchase of aircraft components and spare parts, under conditions agreed between the parties, considering the volumes, risks involved, and corporate policies; (ii) advances received on sales contracts, according to contractual agreements; (iii) commission for sale of aircraft and spare parts; (iv) financing for research and product development at market rates for this kind of financing; (v) loans and financing; (vi) export financing; and (vii) warranty customer service.  |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.***

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Profit or loss: (i) purchases and sales of aircraft, components and spare parts and development of products for the Defense & Security market; (ii) financial income and expenses from financial investments and expenses from loans and financing; and (iii) supplementary pension plan  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.2** **Brazilian Federal Government** 

The Brazilian Federal Government maintains direct and indirect participation through the ownership of a common share called golden share. As of June 30, 2025, the Brazilian Federal Government held an indirect interest of 5.37% in the Company's capital through BNDES Participações S.A ("BNDESPAR"), a wholly owned subsidiary of the *Banco Nacional do Desenvolvimento Econômico e Social* (the Brazilian Development Bank, or "BNDES"), which, in turn, is controlled by the Brazilian Federal Government.

The Brazilian Federal Government plays a key role in the Company's business activities, as a:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Major customer for Defense & Security products (through the Brazilian Air Force, Brazilian Army, and Brazilian Navy).  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Source of research and development financing through technology development institutions (Financiadora de Estudos e Projetos - FINEP and BNDES);  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Export credit agency (through the BNDES), and  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Source of short-term and long-term financing and a provider of asset management and commercial banking services (through Banco do Brasil).  |

---

The balances and results with related parties were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **06.30.2025** | **06.30.2025** | **06.30.2025** | **06.30.2025** | **06.30.2025** | **06.30.2025** | **06.30.2025** |
|  | **Trade<br>accounts<br>receivable** | **Other<br>assets\*** | **Cash<br>Equivalents** | **Contract<br>assets** | **Customer and<br>commercial<br>financing** | **Other<br>payables** | **Contract<br>liabilities** | **Operating<br>Results** | **Financial<br>Results** |
| Banco do Brasil S.A. |  | 103.8 | 139.7 |  |  |  |  |  | 7.4 |
| BNDES |  |  |  |  | 127.7 |  |  |  | (7.6) |
| Caixa Econômica Federal |  |  |  |  |  |  |  |  |  |
| Comando da Aeronáutica (Brazilian Air Force) | 3.5 |  |  | 307.3 |  | 16.9 | 48.2 | 3.7 |  |
| Embraer Prev - Soc. Previdência Complementar |  |  |  |  |  |  |  | (8.5) |  |
| Exército Brasileiro (Brazilian Army) |  |  |  | 7.6 |  |  | 15.2 | 0.8 |  |
| Marinha do Brasil (Brazilian Navy) |  |  |  | 1 |  |  | 12.8 | (0.7) |  |
| EZ Air Interior Limited |  | 24.1 |  |  |  |  |  |  |  |
| Governo Brasileiro |  | 269.5 |  |  |  |  |  |  | 4.1 |
| Financiadora de Estudo e Projetos – FINEP |  |  |  |  | 18.2 |  |  |  | (01) |
| Nidec Aerospace, LLC | 0.1 |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| **Total** | **3.6** | **397.4** | **139.7** | **315.9** | **145.9** | **16.9** | **76.2** | **(4.2)** | **3.9** |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.***

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **12.31.2024** | **12.31.2024** | **12.31.2024** | **12.31.2024** | **12.31.2024** | **12.31.2024** | **12.31.2024** | **06.30.2024** | **06.30.2024** |
|  | **Trade<br>accounts<br>receivable** | **Other<br>assets \*** | **Cash<br>Equivalents** | **Contract<br>assets** | **Customer and<br>commercial<br>financing** | **Other<br>payables** | **Contract<br>liabilities** | **Operating<br>Results** | **Financial<br>Results** |
| Banco do Brasil S.A. |  | 1.1 | 511.8 |  |  |  |  |  | 7.2 |
| BNDES |  |  |  |  | 463.8 |  |  |  | (17.4) |
| Caixa Econômica Federal |  |  |  |  |  |  |  |  |  |
| Comando da Aeronáutica (Brazilian Air Force) | 5.7 |  |  | 251.7 |  | 15 | 51 | (12.3) |  |
| Embraer Prev - Soc. Previdência Complementar |  |  |  |  |  |  |  | (9.0) |  |
| Exército Brasileiro (Brazilian Army) | 0.1 |  |  | 10.5 |  |  | 9 | 0.7 |  |
| Marinha do Brasil (Brazilian Navy) |  |  |  | 1 |  |  | 5.5 | (1.5) |  |
| EZ Air Interior Limited |  | 23.8 |  |  |  |  |  |  |  |
| Brazilian government |  | 87.1 |  |  |  |  |  |  | 1.3 |
| Governo Brasileiro - Bonds (Brazilian government - Bonds) |  | 66.5 |  |  |  |  |  |  | 0.5 |
| Governo Brasileiro - Bonds (Brazilian government - Structured notes) |  |  |  |  |  |  |  |  |  |
| Nidec Aerospace, LLC | 1.3 |  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| **Total** | **7.1** | **178.5** | **511.8** | **263.2** | **463.8** | **15.0** | **65.5** | **(22.1)** | **(8.4)** |

---

(\*) As of June 30, 2025, the amount comprises the balances presented in financial investments US$373.3 (2024: US$153.6) and in other assets US$24.1 (2024: US$24.9).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.3** **Remuneration of key management personnel** 

The remuneration of key management personnel comprises:

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **06.30.2024** |
| Short-term benefits | 3.5 | 4.2 |
| Share-based payment | 6.9 | 6.1 |
| Total remuneration | **10.4** | **10.3** |

---

---

| | |
|:---|:---|
| **12** | **PROPERTY, PLANT AND EQUIPMENT**  |

---

Management did not identify any indications of impairment as of June 30, 2025.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Land** | **Buildings and<br>improvements** | **Installations** | **Machinery and<br>equipment** | **Furniture and<br>fixtures** | **Vehicles** | **Aircraft** | **Computers**<br> **and<br>peripherals** | **Tooling** | **Other assets** | ***Spare part<br>exchange<br>pools*** | **Construction<br>in progress** | **Total** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2024** | **9.5** | **683.2** | **92.2** | **852.8** | **41.2** | **11.9** | **21.4** | **108.4** | **646.2** | **19.1** | **840.8** | **124.2** | **3450.9** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions |  | 0.3 |  | 30.6 | 0.7 | 0.1 |  | 1.8 | 4.8 |  | 31.6 | 53.3 | 123.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  | (0.1) | (9.0) | (0.3) | (0.2) |  | (0.2) | (0.2) |  | (10.4) | (8.7) | (29.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassifications\* |  | 26.9 |  | 16.6 | 0.4 | 0.2 |  | 0.3 | 7.6 |  | 32.8 | (52.0) | 32.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments |  | 4.2 | 1.4 | 19.9 | 0.6 | 0.5 |  | 1.6 |  |  | 41.6 | 4.8 | 74.6 |
|  **At June 30, 2025** | **9.5** | **714.6** | **93.5** | **910.9** | **42.6** | **12.5** | **21.4** | **111.9** | **658.4** | **19.1** | **936.4** | **121.6** | **3652.4** |
|  **Accumulated depreciation** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2024** | **-** | **(235.1)** | **(41.1)** | **(421.5)** | **(29.7)** | **(8.7)** | **(4.7)** | **(94.7)** | **(428.4)** | **(19.1)** | **(226.6)** | **-** | **(1509.6)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation |  | (10.4) | (1.1) | (15.3) | (0.7) | (0.3) |  | (2.4) | (10.7) |  | (9.8) |  | (50.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  | 0.1 | 0.7 | 0.1 | 0.1 |  | 0.2 | 0.2 |  | 3.1 |  | 4.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassifications\* |  |  |  |  |  |  |  |  |  |  | 0.1 |  | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on capitalized assets |  | (0.6) |  |  |  |  |  |  |  |  |  |  | (0.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments |  | (1.8) | (0.4) | (7.7) | (0.5) | (0.4) |  | (1.5) | 3.5 |  | (14.6) |  | (23.4) |
|  **At June 30, 2025** | **-** | **(247.9)** | **(42.5)** | **(443.8)** | **(30.8)** | **(9.3)** | **(4.7)** | **(98.4)** | **(435.4)** | **(19.1)** | **(247.8)** | **-** | **(1579.7)** |
|  **Net** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  At December 31, 2024 | 9.5 | 448.1 | 51.1 | 431.3 | 11.5 | 3.2 | 16.7 | 13.7 | 217.8 |  | 614.2 | 124.2 | 1941.3 |
|  At June 30, 2025 | 9.5 | 466.7 | 51.0 | 467.1 | 11.8 | 3.2 | 16.7 | 13.5 | 223.0 |  | 688.6 | 121.6 | 2072.7 |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Land** | **Buildings and<br>improvements** | **Installations** | **Machinery and<br>equipment** | **Furniture and<br>fixtures** | **Vehicles** | **Aircraft** | **Computers<br>and<br>peripherals** | **Tooling** | **Other assets** | **Spare part<br>exchange<br>pools** | **Construction<br>in progress** | **Total** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2023** | **10.2** | **667.4** | **88.7** | **733.6** | **40.3** | **11.9** | **4.5** | **102.1** | **623.8** | **19.1** | **789.4** | **121.1** | **3212.1** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions | 0.1 | 1.3 |  | 64.7 | 1.5 | 0.6 |  | 8.2 | 17.3 |  | 47.8 | 101.6 | 243.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals | (0.8) |  |  | (6.8) | (0.7) | (0.3) |  | (1.0) | (1.2) |  | (20.4) |  | (31.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassifications\* |  | 17.1 | 4 | 66 | 0.5 |  | 16.9 | 0.5 | 6.3 |  | 36.4 | (94.4) | 53.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments |  | (2.6) | (0.5) | (4.7) | (0.4) | (0.3) |  | (1.4) |  |  | (12.4) | (4.1) | (26.4) |
|  **At December 31, 2024** | **9.5** | **683.2** | **92.2** | **852.8** | **41.2** | **11.9** | **21.4** | **108.4** | **646.2** | **19.1** | **840.8** | **124.2** | **3450.9** |
|  **Accumulated depreciation** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2023** | **-** | **(216.2)** | **(39.4)** | **(403.2)** | **(28.3)** | **(8.7)** | **(4.5)** | **(93.7)** | **(406.0)** | **(19.1)** | **(222.3)** | **-** | **(1441.4)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation |  | (18.9) | (1.9) | (27.7) | (2.3) | (0.5) | (0.2) | (3.2) | (23.0) |  | (17.4) |  | (95.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  |  | 5.6 | 0.6 | 0.3 |  | 1 | 0.7 |  | 6.1 |  | 14.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on capitalized assets |  | (1.1) |  |  |  |  |  |  |  |  |  |  | (1.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments |  | 1.1 | 0.2 | 3.8 | 0.3 | 0.2 |  | 1.2 | (0.1) |  | 7 |  | 13.7 |
|  **At December 31, 2024** | **-** | **(235.1)** | **(41.1)** | **(421.5)** | **(29.7)** | **(8.7)** | **(4.7)** | **(94.7)** | **(428.4)** | **(19.1)** | **(226.6)** | **-** | **(1509.6)** |
|  **Net** |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  At December 31, 2023 | 10.2 | 451.2 | 49.3 | 330.4 | 12 | 3.2 |  | 8.4 | 217.8 |  | 567.1 | 121.1 | 1770.7 |
|  At December 31, 2024 | 9.5 | 448.1 | 51.1 | 431.3 | 11.5 | 3.2 | 16.7 | 13.7 | 217.8 |  | 614.2 | 124.2 | 1941.3 |

---

(\*) Non-cash transactions: reclassification between property plant and equipment and inventories.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **13** | **INTANGIBLE ASSETS**  |

---

Management did not identify any indications of impairment as of June 30, 2025.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Internally developed** | **Internally developed** | **Internally developed** | **Internally developed** | **Internally developed** | **Internally developed** | **Acquired from third party** | **Acquired from third party** | **Acquired from third party** | |
|  | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** |
|  | **Commercial** | **Executive** | **Defense &**<br> **Security** | **Service &**<br> **Support** | **EVTOL** | **Others** | ***Software*** | **Goodwill** | **Others** | **Total** |
|  **Intangible cost** |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2024** | **1361.8** | **1663.6** | **183.1** | **39.1** | **154.7** | **14.2** | **291.8** | **19.2** | **8.3** | **3735.8** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions | 17 | 29.4 | 7.8 | 0.2 | 73 | 1.4 | 2.5 |  |  | 131.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  |  |  |  |  | (0.2) |  |  | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on capitalized assets |  |  |  |  | 2.5 |  |  |  |  | 2.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments | - | - | 3.8 | - | - | 1.6 | 1 | 2.2 | - | 8.6 |
|  **At June 30, 2025** | **1378.8** | **1693.0** | **194.7** | **39.3** | **230.2** | **17.2** | **295.1** | **21.4** | **8.3** | **3878.0** |
|  **Accumulated amortization** |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2024** | **(158.8)** | **(740.2)** | **(56.7)** | **-** | **-** | **(5.9)** | **(269.0)** | **-** | **(2.3)** | **(1232.9)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (20.2) | (21.2) | (0.5) |  |  | (0.9) | (4.1) |  | (0.2) | (47.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of contribution from suppliers | 6.4 | 4.3 |  |  |  |  |  |  |  | 10.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  |  |  |  |  | 0.1 |  |  | 0.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on capitalized assets |  | (0.5) |  |  |  |  |  |  |  | (0.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments | - | - | (0.7) | - | - | (0.1) | (0.8) | - | 0.1 | (1.5) |
|  **At June 30, 2025** | **(172.6)** | **(757.6)** | **(57.9)** | **-** | **-** | **(6.9)** | **(273.8)** | **-** | **(2.4)** | **(1271.2)** |
|  **Intangible, net** |  |  |  |  |  |  |  |  |  |  |
|  At December 31, 2024 | 1203 | 923.4 | 126.4 | 39.1 | 154.7 | 8.3 | 22.8 | 19.2 | 6 | 2502.9 |
|  At June 30, 2025 | 1206.2 | 935.4 | 136.8 | 39.3 | 230.2 | 10.3 | 21.3 | 21.4 | 5.9 | 2606.8 |

---

(\*) Non-cash transactions: reclassifications between intangible assets and inventories.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Internally developed** | **Internally developed** | **Internally developed** | **Internally developed** | **Internally developed** | **Internally developed** | **Acquired from third party** | **Acquired from third party** | **Acquired from third party** | |
|  | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** | **Others** |
|  | **Commercial** | **Executive** | **Defense &**<br> **Security** | **Service &**<br> **Support** | **EVTOL** | **Others** | **Software** | **Goodwill** | **Others** | **Total** |
|  **Intangible cost** |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2023** | **1311.3** | **1603.4** | **145.9** | **31.0** | **42.4** | **14.4** | **301.6** | **23.8** | **9.0** | **3482.8** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additions | 41.0 | 60.2 | 39.6 | 8.1 | 109.4 | 2.0 | 5.5 |  |  | 265.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassifications\* | 9.5 |  |  |  |  |  |  |  |  | 9.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  | (0.4) |  |  |  | (13.6) |  | (0.7) | (14.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on capitalized assets |  |  |  |  | 2.9 |  |  |  |  | 2.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments | - | - | (2.0) | - | - | (2.2) | (1.7) | (4.6) | - | (10.5) |
|  **At December 31, 2024** | **1361.8** | **1663.6** | **183.1** | **39.1** | **154.7** | **14.2** | **291.8** | **19.2** | **8.3** | **3735.8** |
|  **Accumulated amortization** |  |  |  |  |  |  |  |  |  |  |
|  **At December 31, 2023** | **(119.8)** | **(697.9)** | **(52.8)** | **-** | **-** | **(4.8)** | **(274.0)** | **-** | **(2.5)** | **(1151.8)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | (57.7) | (52.4) | (4.5) |  |  | (1.4) | (8.8) |  | (0.7) | (125.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of contribution from suppliers | 18.7 | 11.5 |  |  |  |  |  |  |  | 30.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposals |  |  |  |  |  |  | 12.5 |  | 0.7 | 13.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on capitalized assets |  | (1.4) |  |  |  |  |  |  |  | (1.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation adjustments | - | - | 0.6 | - | - | 0.3 | 1.3 | - | 0.2 | 2.4 |
|  **At December 31, 2024** | **(158.8)** | **(740.2)** | **(56.7)** | **-** | **-** | **(5.9)** | **(269.0)** | **-** | **(2.3)** | **(1232.9)** |
|  **Intangible, net** |  |  |  |  |  |  |  |  |  |  |
|  At December 31, 2023 | 1191.5 | 905.5 | 93.1 | 31.0 | 42.4 | 9.6 | 27.6 | 23.8 | 6.5 | 2331.0 |
|  At December 31, 2024 | 1203.0 | 923.4 | 126.4 | 39.1 | 154.7 | 8.3 | 22.8 | 19.2 | 6.0 | 2502.9 |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **14** | **TRADE ACCOUNTS PAYABLE**  |

---

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
|  Foreign suppliers | 564.2 | 492.5 |
|  Domestic suppliers | 181.9 | 190.7 |
|  Risk partners | 421.4 | 283.1 |
|  | **1167.5** | **966.3** |

---

---

| | |
|:---|:---|
| **15** | **TRADE ACCOUNTS PAYABLE – SUPPLIER FINANCE ARRANGEMENTS**  |

---

The Company has domestic and foreign supplier finance arrangements with financial institutions under which its suppliers may choose to receive advance payment of their invoices. Advance payments to suppliers are made by the financial institutions.

These agreements do not alter the commercial conditions negotiated with suppliers, therefore, the Company reimburses these financial institutions for the amount and within the period initially agreed with the suppliers. The Company does not incur additional financial charges, nor does it provide any type of collateral or guarantee resulting from these agreements.

In 2025,the average payment term for invoices covered by these arrangements was 103 days (2024: 104 days).

Additional information is provided in the table below:

---

| | | | |
|:---|:---|:---|:---|
|  | | **06.30.2025** | **12.31.2024** |
|  Suppliers subject to supplier finance arrangement | (i) | 78.9 | 78.5 |
|  Suppliers that have received payment from the bank | (ii) | 50.6 | 43.3 |
|  |  | **129.5** | **121.8** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) These balances are presented as Trade accounts payable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) These balances are presented as Trade accounts payable – Supplier Finance Arrangements.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **16** | **LOANS AND FINANCING**  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Purpose of the loan (Not reviewed)**  | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Interest rate - %**  | **Maturity** | **06.30.2025** | **12.31.2024** |
| <br> *Property, plant and equipment* |  |  |  |  |  |
|  | US$ | SIFMA | 2025-35 | 19.7 | 20.0 |
| *Guaranteed Notes* |  |  |  |  |  |
|  | US$ | 5.40% p.a. | 2027 |  | 533.2 |
|  | US$ | 6.95% p.a. | 2028 | 338.2 | 491.9 |
|  | US$ | 7.00% p.a. | 2030 | 762.5 | 761.7 |
|  | US$ | 5.98% p.a. | 2035 | 657.3 |  |
| *Working capital* |  |  |  |  |  |
|  | R$ | CDI + 2.60% p.a. | 2026 | 3.8 | 3.3 |
|  | Euro | Euribor 12M + 1.31% p.a. | 2025-26 | 0.8 | 1.2 |
|  | Euro | 3.71% p.a. a 4.09% p.a. (i) | 2025-30 | 127.7 | 22.0 |
|  | US$ | SOFR 6M + 0.50% p.a. | 2025 | 5.1 | 10.7 |
|  | US$ | SOFR 6M + 0.75% p.a. | 2025-31 | 59.9 | 66.8 |
|  | US$ | 4.35% p.a. a 4.50% p.a. | 2025-30 | 26.4 | 26.0 |
| *Export financing* |  |  |  |  |  |
|  | US$ | 5.92% p.a. | 2026 |  | 30.5 |
|  | US$ | 5.49% p.a. | 2027 |  | 372.7 |
| *Projects* |  |  |  |  |  |
|  | R$ | 4.55% p.a. a 7.53% p.a | 2026-40 | 26.2 | 13.0 |
|  | R$ | TR + 2.20% p.a. | 2029-40 | 17.8 | 7.4 |
|  | R$ | TR + 2.30% p.a. | 2028-41 | 17.9 |  |
|  | US$ | 5.30% p.a. a 5.94% p.a. | 2027-35 | 79.4 | 69.8 |
|  | US$ | SOFR 3M + 3.90% p.a. | 2028 | 50.0 | 50.0 |
|  | US$ | 5.69% p.a a 5.94% p.a. | 2029-40 | 2.6 | 0.9 |
| *Others* |  |  |  |  |  |
|  | US$ | 10.50% p.a. | 2028 | 10.0 | 10.0 |
| **Total** |  |  |  | **2205.3** | **2491.1** |
| Current |  |  |  | 121.8 | 113.8 |
|  Non-current |  |  |  | 2083.5 | 2377.3 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In May 2025, OGMA – *Indústria Aeronáutica de Portugal*, S.A. raised funds of € 80 million (USD 94.2 million, €/USD 1.1769) and maturing in May 2030.

As of June 30, 2025, the maturity schedule for non-current loans and financing is as follows:

---

| | |
|:---|:---|
|  2026 | 8.0 |
|  2027 | 49.0 |
|  2028 | 390.6 |
|  Thereafter | 1635.9 |
|  | **2,083.5** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16.1 Guarantees** 

As a guarantee for part of the Company's financing, properties, improvements, machinery, equipment, and bank guarantees were offered in the total amount of US$163.7 (2024: US$705.1). For the financing of subsidiaries, guarantees were obtained in the form of financial guarantees and endorsement from Embraer, which totaled the amount of US$2,026.5 (2024: US$1,941.5).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16.2 Covenants** 

Certain loans and financing contracts are subject to non-financial covenants, including restrictions on the creation of new liens on assets, significant changes in the Company's share control, significant disposal of assets and payment of dividends exceeding the minimum required by law in case of default on financings and in transactions with its subsidiaries.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

As of June 30, 2025, the Company complied with these non-financial covenants related to its loans and financing.

---

| | |
|:---|:---|
| **17** | **SUPPLEMENTAL CASH FLOW INFORMATION**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17.1 Reconciliation of debt with cash flows arising from financing activities** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Loans and**<br>**financing** | **Lease**<br>**liabilities** | **Total** |
|  **At December 31, 2024** | 2491.1 | 111.8 | 2602.9 |
|  Proceeds | 1146.2 |  | 1146.2 |
|  Payments | (1437.4) | (12.0) | (1449.4) |
|  **Cash flow from financing activities** | **(291.2)** | **(12.0)** | **(303.2)** |
|  **Others** |  |  |  |
|  Interest payment | (76.6) |  | (76.6) |
|  Interest expense | 70.6 | 5.2 | 75.8 |
|  Exchange rate variation and conversion adjustments | 11.4 | (1.0) | 10.4 |
|  Addition - Lease Liabilities |  | 15.0 | 15.0 |
|  **At June 30, 2025** | **2205.3** | **119.0** | **2324.3** |
|  Current | 121.8 | 21.0 |  |
|  Non-current | 2083.5 | 98.0 |  |
|  Total | 2205.3 | 119.0 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17.2 Transactions not affecting cash and cash equivalents** 

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **06.30.2024** |
|  **Non-cash investing transactions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Additions to property, plant and equipment by transfer of aircraft inventories | 32.8 | 25.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Addition of fixed assets without monetary outflow (pool and parts) | 21.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Addition of fixed assets without monetary outflow | (17.3) |  |

---

---

| | |
|:---|:---|
| **18** | **OTHER PAYABLES**  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Nota** | **06.30.2025** | **12.31.2024** |
| Share-based payment plans | 22.1 | 258.7 | 156.5 |
| Provisions related to payroll |  | 167.7 | 123.6 |
| Provision for employee profit sharing |  | 44.2 | 72.3 |
| Other accounts payable |  | 45.6 | 55.7 |
| Contractual obligations |  | 36.1 | 33.1 |
| Facility accounts payable |  | 31.6 | 23.1 |
| Non-controlling purchase options - EVE |  | 20 | 20 |
| Royalties to be paid to the Brazilian Air Force |  | 16.9 | 15 |
| Dividends payable |  | 27.3 | 9.2 |
| Accounts payable company acquisition |  | 6.8 | 5.8 |
| Insurance |  | 5.4 | 2.5 |
| Recourse and non-recourse debt |  | 0.6 | 1.1 |
| Commission payable |  | 1 | 3.1 |
|  |  | **661.9** | **521.0** |
| Current |  | 413.3 | 359.8 |
|  Non-current |  | 248.6 | 161.2 |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **19** | **TAXES AND PAYROLL CHARGES PAYABLE**  |

---

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
| INSS (social security contribution) | 28.3 | 22.9 |
| IRRF (withholding tax) | 7.8 | 11.9 |
| Value added tax ("VAT") | 4.2 | 9 |
| FGTS (government employee severance indemnity fund) | 3.6 | 4.6 |
| Taxes refinancing program | 0.1 | 0.1 |
| Service tax ("ISS") | 1 | 1.5 |
| PIS and COFINS | 0.5 | 0.9 |
| IPI (manufacturing tax) | 0.9 | 0.9 |
| Social Security | 1 | 0.6 |
| Others | 3.1 | 2.6 |
|  | **50.5** | **55.0** |
| Current | 39.4 | 45.8 |
|  Non-current | 11.1 | 9.2 |

---

---

| | |
|:---|:---|
| **20** | **INCOME TAXES**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.1 Deferred taxes** 

The components of deferred tax assets ("DTA") and liabilities are shown below:

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
| Effect of differences in fixed asset | (79.0) | (71.1) |
| Other differences between basis: accounting x tax (i) | 0.3 | (0.4) |
| Temporary differences (ii) | 274.9 | 228.2 |
| Functional currency effect of the non monetary assets (iii) | (370.4) | (559.0) |
| Derivatives / Hedge Accounting | (15.6) | 2.4 |
| Gains not realized | 39.2 | 38.4 |
| Tax loss carryforwards | 34.4 | 85.2 |
| **Deferred tax assets (liabilities), net** | **(116.2)** | **(276.3)** |
| Total deferred tax asset | 168.8 | 174.0 |
|  Total deferred tax liability | (285.0) | (450.3) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Refers to differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes, such as adjustments to contract revenues, leases and right of use, impairment, among others.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Temporary differences include non-deductible provisions, accelerated amortization of incentivized expenses with research and development, foreign exchange rate gains or losses included in income tax calculation in cash basis and other differences which will be included or excluded from the tax basis when realized for tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The income tax and social contribution tax basis of Embraer are impacted by fluctuations in the exchange rate, since tax assets and liabilities are held in Brazilian Reais at their historical value and the accounting basis is in dollars (functional currency), as well as income tax expenses/revenues recorded in profit or loss. This item reflects the effect of these fluctuations.

The changes in deferred income taxes were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **At<br>December 31,<br>2023** | **From the<br>statement<br>of<br>income** | **Other<br>comprehensive<br>income** | **At<br>December 31,<br>2024** | **From the<br>statement<br>of<br>income** | **Other<br>comprehensive<br>income** | **At<br>June 30,<br>2025** |
|  Effect of differences in fixed asset | (55.1) | (16.0) |  | (71.1) | (7.9) |  | (79.0) |
|  Other differences between basis: accounting x tax | 3.5 | (0.6) | (3.3) | (0.4) | (4.6) | 5.3 | 0.3 |
|  Temporary differences | 165.9 | 62.3 |  | 228.2 | 46.7 |  | 274.9 |
|  Functional currency effect of the non-monetary assets | (316.5) | (242.5) |  | (559.0) | 188.6 |  | (370.4) |
|  Derivatives / Hedge Accounting | 1.1 | (4.7) | 6.0 | 2.4 | (10.1) | (7.9) | (15.6) |
|  Gains not realized | 33.0 | 5.4 |  | 38.4 | 0.8 |  | 39.2 |
|  Tax loss carryforwards | 1.1 | 84.1 |  | 85.2 | (50.8) |  | 34.4 |
|  | **(167.0)** | **(112.0)** | **2.7** | **(276.3)** | **162.7** | **(2.6)** | **(116.2)** |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.2 Unrecognized deferred tax assets** 

As of June 30, 2025, the Company did not recognize deferred tax assets totaling US$74.1.This amount includes US$0.1 related to temporary differences and US$74.0 associated with tax losses from subsidiaries for which there is no forecast of future taxable profits (2024: US$63.4, which comprised US$0.2 related to temporary differences and US$63.2 related to tax losses).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.3 Reconciliation of income tax expense** 

---

| | | | |
|:---|:---|:---|:---|
|  | | **06.30.2025** | **06.30.2024** |
|  Income before income tax |  | 23 | 144.4 |
|  **Income tax and social contribution at the nominal Brazilian enacted tax rate - 34%** |  | **(7.9)** | **(49.1)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax on profits of overseas subsidiaries |  | 132.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Functional currency effect of the non-monetary assets |  | 237.3 | (222.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Research and development tax incentives |  | 7.2 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest on own capital |  | 8.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Currency effect of the result |  | (242.8) | 229.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity in the earnings of subsidiaries |  | (1.2) | (0.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-recognized DTA on tax losses carry-foward |  | 18.3 | (1.6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Different tax rates in subsidiaries |  | (17.9) | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other difference between accounting and fiscal basis |  | (3.7) | (3.1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other permanent tax adjustments | (i) | (4.2) | 0.6 |
|  |  | 133.9 | 39.6 |
|  **Income tax and social contribution income (expense) benefit as reported** |  | **126.0** | **(9.5)** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Current income tax and social contribution expense as reported** |  | **(36.7)** | **(29.6)** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Deferred income tax and social contribution income (expense) benefit as reported** |  | **162.7** | **20.1** |
|  Effective rate |  | 545.7% | (6.6)% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Refers to permanent tax additions and exclusions, such as exclusions of Reintegra credits, subsidy to stimulate technological innovation (FINEP, art. 442 of RIR/18), as well as the exclusion of non-incidence of income and social contribution taxes on Selic update of undue tax debts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.4 Uncertainty over income tax treatments** 

The Company held certain discussions with Brazilian tax authorities over administrative and judicial matters related to uncertain treatments adopted when calculating income taxes.

Embraer is challenging a tax assessment that disallowed the offsetting of social contribution with income tax credits paid abroad. This case is in the Federal Regional Court of the 3rd Region, awaiting the ruling on Embraer's appeal. For this case, a provision of US$3.7 was recognized (2024: US$3.2).

Except for the aforementioned legal proceedings, the Company, based on the assessment of its internal and external legal advisors, has concluded that the tax treatment of the discussions will likely be accepted by the tax authorities. Among these discussions, the main one refers to the taxation of profits earned by subsidiaries located abroad, in the context of Brazilian Provisional Measure 2,158-35 of 2001, in the amount of US$105.6 (2024: US$89.3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.5 Global Model Anti-Tax Base Erosion Rules (Pillar 2)** 

The Pillar 2 legislative framework proposed by the Organization for Economic Co-operation and Development ("OECD") applies to multinational groups whose consolidated revenue is greater than, or equal to, 750 million euro in at least two of the last 4 years. This proposed legislation suggests that, if an entity in a consolidated group has an effective tax rate lower than 15%, additional taxation could be imposed on undertaxed profits.

For such rules to take effect, different countries around the world need to introduce them into their domestic legal systems.

The Company became subject to the global minimum tax by Pillar 2 tax legislation as of January 1, 2024, in France, Ireland, Spain, Switzerland, the Netherlands, and the United Kingdom and in Singapore as of January 1,

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025. Although Portugal has not yet adopted the rule into its domestic legal regulations, it is expected that the country will follow European Union Directive 2022/2523 and will also adopt the measures as of January 1, 2025. In October 2024, Brazil published Provisional Measure 1,262/2024, converted into Law 15,079/2024 and Normative Instruction 2,228/2024, which partially introduced Pillar 2 rules in the country, with effect scheduled for January 1, 2025.

Based on the analysis and estimates carried out to date by the Company with the assistance of external advisors, based on its operations in these jurisdictions, the Company has not recognized any impact on its current or deferred income tax position.

The Company continues to develop detailed analysis of the new rules introduced with the support of external consultants to identify potential impacts for the year 2025 onwards based on the guidelines published by the OECD, as well as by the countries in which the Company has a presence, as the submission of income tax returns for 2024 and compliance with ancillary obligations in jurisdictions that introduced Pillar 2 tax legislation as of January 1, 2024 will take place as of 2026.

---

| | |
|:---|:---|
| **21** | **PROVISIONS AND CONTINGENCIES**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.1 Provisions** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Note** | **12.31.2024** | **Additions** | **Payments** | **Reversals** | **Interest** | **Translation<br>adjustments** | **06.30.2025** |
|  Product warranties |  | 78.9 | 22.8 | (22.0) | (13.7) |  |  | 66.0 |
|  Post retirement benefits |  | 34.4 |  |  |  | 2.0 | 4.4 | 40.8 |
|  Provisions for labor, taxes and civil | 21.1.1 | 41.1 | 6.8 | (2.8) | (6.1) | 3.4 | 5.5 | 47.9 |
|  Taxes |  | 28.8 | 4.3 | (2.7) |  |  | 4.1 | 34.5 |
|  Provision of third-party materials |  | 44.4 | 1.1 | (25.0) |  |  |  | 20.5 |
|  Provision for contractual obligations |  | 43.7 |  | (0.1) |  |  |  | 43.6 |
|  Others |  | 22.6 | 12.7 | (4.4) | (4.4) |  | 1.7 | 28.2 |
|  |  | **293.9** | **47.7** | **(57.0)** | **(24.2)** | **5.4** | **15.7** | **281.5** |
|  Current |  | 90.2 |  |  |  |  |  | 94.3 |
|  Non-current |  | 203.7 |  |  |  |  |  | 187.2 |

---

The amounts provisioned reflect the best estimate of the outflow of resources that is expected to occur

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

**21.1.1** **Labor, tax and civil claims** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **06.30.2025** | **12.31.2024** |
|  **Tax related** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; PIS and COFINS |  | 3.5 | 3.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Social security contributions |  | 1.9 | 1.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Import taxes |  | 0.7 | 0.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; IOF |  | 3.9 | 3.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Others |  | 1.7 | 1.6 |
|  |  | **11.7** | **10.3** |
|  **Labor related** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Reintegration |  | 15.7 | 12.5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Collective labor rights |  | 6.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Overtime |  | 5.3 | 4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dangerousness |  | 1 | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insalubrity |  | 4 | 8.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indemnity |  | 3 | 2.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Third parties |  | 0.5 | 0.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Others |  | 0.1 | 0.8 |
|  |  | **36.0** | **30.7** |
|  **Civil related** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Indemnity |  | 0.2 | 0.1 |
|  |  | **0.2** | **0.1** |
|  |  | **47.9** | **41.1** |
|  Current |  | 10.1 | 8.5 |
|  Non-current |  | 37.8 | 32.6 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2 Contingent liabilities** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2.1 Tax processes** 

Contingent tax liabilities related to administrative and judicial proceedings whose probability of loss is considered possible are presented as follows:

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
|  ISS | 80.0 | 72.3 |
|  Social Security | 66.7 | 56.6 |
|  PIS and COFINS | 40.1 | 30.2 |
|  Others | 15.0 | 13.4 |
|  **Total** | **201.8** | **172.5** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2.2 Labor processes** 

As of June 30, 2025, the Company has contingent liabilities related to several labor lawsuits totaling US$17.8 (2024: US$14.4).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2.3 Conviasa** 

The Company has a legal dispute with Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos ("Conviasa"), an airline controlled by the government of Venezuela, which alleges violation by Embraer of contractual obligations that were not complied with by Embraer to comply with US export control and sanctions regulations.

The amount in dispute is yet to be determined as Conviasa is still pending to produce evidence and proof of the alleged damages. The dispute is still at an early stage, and Management, based on its assessment and assisted by legal advisors, evaluated the outcome of this dispute as possible. The case was taken over by the Supreme Court of Justice of Venezuela, without any further action.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2.4 FCPA investigations and settlements** 

In October 2016, the Company entered into definitive agreements with the United States and Brazilian authorities for the resolution of criminal and civil violations of the United States (Foreign Corrupt Practices Act of 1977 or FCPA) and for the resolution of allegations regarding violations of certain Brazilian laws in four aircraft transactions outside Brazil between 2007 and 2011.

In February 2017, the Company entered into an Exoneration Agreement with the Mozambican authorities for collaboration with the investigations in that country and under which there are no financial obligations for Embraer. In July 2018, the Company and the Attorney General's Office of the Dominican Republic entered into a collaboration agreement whereby the Company undertook to collaborate with the investigations in that country.

Several individuals and entities are defendants in a criminal case in India related to the sale by Embraer of three aircraft AEW EMB-145 to the Indian Defense Research & Development Organization. Such transaction has been investigated and its results have been the subject of the aforesaid settlement agreement between Embraer and the Brazilian and U.S. authorities in October 2016, related to civil and criminal violations of the Foreign Corrupt Practices Act or FCPA. The Directorate of Enforcement in India initiated a criminal case against Embraer and some of its subsidiaries, as well as other individuals and entities not related to Embraer. Embraer and its subsidiary ECC Investment Switzerland AG are parties to this criminal case, were served in November 2021 and are duly represented on the records.

The Company is not aware of other relevant cases involving Embraer and its subsidiaries other than mentioned above that relate to the scope of the agreements entered into with the United States and the Brazilian authorities in 2016.

As of June 30, 2025, the Company believes that there is no adequate basis for estimating provisions or quantifying possible contingencies related to other procedures and developments mentioned herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2.5 Civil Inquiry - Federal Public Prosecutor's Office** 

The Federal Public Prosecutor's Office opened a civil inquiry with the aim of investigating Embraer's possible collaboration with the Brazilian dictatorial regime (1964 to 1985) during the period when Embraer was a state-owned company under the control of the Brazilian government.

Considering that the aforementioned investigation was established in February 2024 and is in its initial phase, there are insufficient elements for a reasonable assessment of the possible developments, the Company understands that, at this time, there is no adequate basis to estimate provisions or quantify possible contingencies related to the topic.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.2.6 Litigation in Delaware** 

In March 2025, a shareholder derivative lawsuit was initiated by a minority shareholder of Eve Holding against Embraer Aircraft Holding, Inc. ("EAH"). The lawsuit is pending in the Court of Chancery of the State of Delaware, against EAH and the directors and officers of Eve Holding, alleging breach of fiduciary duty in relation to the private placement of common stock and warrants issued by Eve Holding in September 2024.

Considering that the case is in its initial phase, the Company understands that, at this time, there is no adequate basis to estimate provisions or quantify possible contingencies.

---

| | |
|:---|:---|
| **22** | **SHARE-BASED PAYMENT**  |

---

In this Note, the values relating to the share prices are presented in units of US$

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22.1 Cash-settled share-based payment transactions** 

As of June 30, 2025, these transactions and the corresponding labor charges totaled US$258.7(2024: US$156.5), as per Note 18.

The movements that occurred in the six-month period ended June 30, 2025 in the share-based payment were:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Approval of a new program that includes 1,042,952 options granted. This plan will be liquidated in cash in 2028 and the share price on the grant date is US$10.82.  |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Total liquidation of the plan granted in 2020. The settlement was carried out through the delivery of cash corresponding to 169,344 shares measured at US$12.52 each.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Full liquidation of the plan granted in 2022. The settlement was carried out through the delivery of cash corresponding to 2,005,918 shares measured at US$12.52 each.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Advances made for the plan granted in February/2024, in the amount of US$3,094.0.  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22.2 Equity-settled share-based payment transactions** 

These share-based payment arrangements were granted by EVE, a consolidated subsidiary, and therefore do not impact the calculation of the group's earnings per share (EPS), as the related instruments are not dilutive at the parent company level.

As of June 30, 2025, the number of shares granted without market conditions is 2,444,165 (2024: 1,972,220), with an average price on the grant date of US$5.82 (2024: US$7.30) an average remaining term of 1.6 years (2024: 2,3 years). On the same date, the number of shares granted with market conditions is 513,577 (2024: 526,830), with an average price on the grant date of US$12,53 (2024: US$12,53) an average remaining term of 2.3 years (2024: 2,8 years).

The amount recognized in equity is US$14.5 (2024: US$11.9).

---

| | |
|:---|:---|
| **23** | **FINANCIAL INSTRUMENTS**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.1 Accounting classification and fair value of financial instruments** 

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an unforced transaction between market participants on the measurement date, in the principal market or, in its absence, in the most advantageous market to which the Company has access on this date.

The fair value of the Company's financial assets and liabilities was determined using available market information and appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to generate estimates of fair values. Consequently, the estimates presented below are not necessarily indicative of the amounts that might be realized in the current market exchange. The use of different assumptions and/or methodologies could have a material effect on the estimated realizable values.

The methods below were used to estimate the fair value of other class of financial instruments for which fair value is adopted:

**Cash and cash equivalents:** Amortized cost.

**Financial investments:** discounted cash flow and market multiple.

**Derivative financial instruments and warrants:** see Note **6**.

**Customer financing:** discounted cash flow.

**Loans and financing:** The fair value of bonds is the unit price on the last trading day at the end of the reporting period multiplied by the quantity issued.

For other loans and financing, fair value is based on the amount of contractual cash flows and the discount rate used is based on the rate for contracting a new transaction in similar conditions or in the lack thereof, on the future curve for the flow of each obligation.

When measuring the fair value of a financial instrument, the Company uses observable market data as much as possible. Fair values are classified into different levels in a hierarchy based on the inputs used in valuation techniques, being:

**Level 1:** quoted prices (unadjusted) in active markets for identical assets and liabilities that the Company may have access to on the measurement date.

**Level 2:** information, other than quoted prices included in Level 1, that is observable by the market for the asset or liability directly (prices) or indirectly (derived from prices).

**Level 3:** inputs, for the asset or liability, that are not based on market observable data.

There were no transfers between levels in six month ended on June 30, 2025 and 2024.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

The following tables show the carrying amount and fair values of financial instruments, including their levels in the fair value hierarchy. It does not include fair value information for financial instruments not measured at fair value if the carrying amount is a reasonable approximation of fair value:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **06.30.2025** | | **Financial Instruments at**<br>**amortized cost** | **Financial Instruments at**<br>**amortized cost** | | | |  |  |  |  |
|  |<br>**Note** | **Amortized**<br>**Cost** | **Fair<br>value** |<br>**FVPL** |<br>**FVOCI** |<br>**Total** | **Level 1** | **Level 2** | **Level 3** | **Total fair**<br>**value** |
|  **Assets** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 3 | 651.3 |  |  | 2.7 | 654.0 |  | 2.7 |  | 2.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial investments | 4 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public securities |  | 66.5 |  |  |  | 66.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Private securities |  | 76.6 |  | 5.2 |  | 81.8 |  | 5.2 |  | 5.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structure note |  |  |  | 233.8 |  | 233.8 |  | 233.8 |  | 233.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment funds |  |  |  | 26.7 | 104.3 | 131.0 |  | 131.0 |  | 131.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed-term deposit |  | 339.1 |  |  |  | 339.1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  |  | 99.1 |  | 99.1 |  |  | 99.1 | 99.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts receivable, net | 5 | 358.4 |  |  |  | 358.4 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 6 |  |  | 42.9 | 3.2 | 46.1 |  | 46.1 |  | 46.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets |  | 114.1 |  |  |  | 114.1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customer and commercial financing | 7 | 24.0 |  |  |  | 24.0 |  |  |  |  |
|  |  | **1630.0** | **-** | **407.7** | **110.2** | **2147.9** | **-** | **418.8** | **99.1** | **517.9** |
|  **Liabilities** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and financing | 16 | 2205.3 | 2321.9 |  |  | 2205.3 | 1864.4 | 457.6 |  | 2321.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable | 14 | 1167.5 |  |  |  | 1167.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable supplier finance | 15 | 50.6 |  |  |  | 50.6 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other payables |  | 131.2 |  |  |  | 131.2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 6 |  |  | 121.7 | 3.6 | 125.4 | 7.6 | 117.8 |  | 125.4 |
|  |  | **3554.6** | **2321.9** | **121.7** | **3.6** | **3680.0** | **1872.0** | **575.4** | **-** | **2447.3** |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **12.31.2024** | | **Financial Instruments at**<br>**amortized cost** | **Financial Instruments at**<br>**amortized cost** | | | |  |  |  |  |
|  |<br>**Note** | **Amortized**<br>**Cost** | **Fair value** |<br>**FVPL** |<br>**FVOCI** |<br>**Total** | **Level 1** | **Level 2** | **Level 3** | **Total fair**<br>**value** |
|  **Assets** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 3 | 1561.9 |  |  | 1.1 | 1563.0 |  | 1.1 |  | 1.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial investments | 4 |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public securities |  | 66.5 |  |  |  | 66.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Private securities |  | 76.5 |  | 23.4 |  | 99.9 |  | 23.4 |  | 23.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Structure note |  |  |  | 133.2 |  | 133.2 |  | 133.2 |  | 133.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment funds |  |  |  | 21.9 | 103.2 | 125.2 |  | 125.2 |  | 125.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed-term deposit |  | 468.2 |  |  |  | 468.2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  |  | 95.0 |  | 95.0 |  |  | 95.0 | 95.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts receivable, net | 5 | 322.8 |  |  |  | 322.8 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 6 |  |  | 13.2 |  | 13.2 |  | 13.2 |  | 13.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets |  | 109.9 |  |  |  | 109.9 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customer and commercial financing | 7 | 32.3 |  | 0.1 |  | 32.4 |  |  | 0.1 | 0.1 |
|  |  | **2638.1** | **-** | **286.8** | **104.3** | **3029.3** | **-** | **296.1** | **95.1** | **391.2** |
|  **Liabilities** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and financing | 16 | 2491.1 | 2566.1 |  |  | 2491.1 | 1835.5 | 730.6 |  | 2566.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable | 14 | 966.3 |  |  |  | 966.3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable supplier finance | 15 | 43.3 |  |  |  | 43.3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other payables |  | 125.3 |  |  |  | 125.3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 6 |  |  | 86.2 | 17.6 | 103.8 | 4.0 | 99.8 |  | 103.8 |
|  |  | **3626.0** | **2566.1** | **86.2** | **17.6** | **3729.8** | **1839.5** | **830.4** | **-** | **2669.9** |

---

Below, the reconciliation of the opening balances with the ending balances of Level 3 fair value measurements:

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | | |
|:---|:---|:---|
|  | **Assets** | **Liabilities** |
|  **At 12.31.2023** | **109.6** | **15.1** |
| &nbsp;&nbsp;&nbsp;&nbsp; Reversal |  | (16.8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Exchange variation |  | (3.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Fair value adjustment | (14.5) | 5.0 |
|  **At 12.31.2024** | **95.1** | **-** |
| &nbsp;&nbsp;&nbsp;&nbsp; Fair value adjustment | 4.0 |  |
|  **At 06.30.2025** | **99.1** | **-** |

---

The inputs used in the valuation techniques to measure the fair value of Republic Airways' shares (Note 4) and customer financing (Note 7) were classified as Level 3.

The significant unobservable inputs used in measuring the fair value of customer financing are the subscription price of the shares to be issued by the counterparty and the discount rate, which is composed of the risk-free rate and credit risk for the period of the transaction.

The market comparison technique (market approach) was used to measure the fair value of Republic Airways' shares. This valuation model considers the average market multiple Enterprise Value / Earnings Before Interest, Taxes, Depreciation, and Amortization ("EV / EBITDA") of companies comparable to Republic Airways.

In the measurement of Republic Airways' enterprise value Earnings Before Financial Results, Taxes, Depreciation, and Amortization (Adjusted EBITDA) was adopted. The estimate is adjusted for Republic Airways' net debt and the effect of not actively trading the shares.

The significant unobservable inputs are:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Average market multiple.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | Discount for lack of marketability.  |

---

If the possibly reasonable changes indicated below were considered in the significant unobservable inputs and the other inputs were held constant, the fair value of Republic Airways' shares would be:

---

| | | | |
|:---|:---|:---|:---|
| **June 30, 2025** | **Increase** | **Probable<br>scenario** | **Decrease** |
|  Growth rate (6% change) | 94.9 | 93.4 | 91.9 |
|  Discount rate (1% change) | 95.8 | 93.4 | 91.1 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.1.1 Financial risk management policy** 

The Company has and follows a risk management policy, which involves the diversification of transactions and counterparties, with the objective of identifying the risks related to financial transactions, as well as the operational directives related to these financial transactions. The policy provides for regular monitoring and management of the nature and general situation of the financial risks to assess the results and the financial impact on cash flows. The credit limits and risk rating of the counterparties are also reviewed periodically.

The Company's risk management policy is part of the financial management policy established by the Executive Directors and approved by the Board of Directors and provides for monitoring by a Financial Management Committee. Under this policy, the market risks are mitigated when there are no offsetting elements in the Company's operations and when it is considered necessary to support the corporate strategy. The Company's internal control procedures provide for consolidated monitoring and supervision of the financial results and of the impact on cash flows.

The Financial Management Committee assists the Financial Department in examining and reviewing information in relation to the economic scenario and its potential impact on the Company's operations, including significant risk management policies, procedures, and practices.

The financial risk management policy includes the use of derivative financial instruments to mitigate the effects of interest rate fluctuations and to reduce the exposure to exchange rate risk. The use of these instruments for speculative purposes is forbidden.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.1.2 Capital management** 

The Company uses capital management to ensure the continuity of its investment program and offer a return to its shareholders and benefits to its stakeholders and maintain an optimized capital structure to reduce costs.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

The Company may review its dividends payment policy, pay back capital to the shareholders, issue new shares or sell assets to maintain or adjust its capital structure (to reduce indebtedness, for instance).

Liquidity and the leverage level are monitored to mitigate refinancing risk and to maximize the return to the shareholders. The ratio between the liquidity and the return to the shareholders may be changed pursuant to the assessment of the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.1.3 Credit risk** 

Credit risk is the risk of a counterparty to a transaction not meeting an obligation established in a financial instrument, or in the negotiation of sales to customers, leading to a financial loss. The Company is exposed to credit risk in its operational activities, cash held in banks and other investments in financial instruments held in financial institutions.

**Cash and cash equivalents and financial investments** <br>

The credit risk of cash and cash equivalents and financial investments which is managed by the Financial Department is in accordance with the risk management policy. The credit limit of counterparties is reviewed daily in order to not to exceed the limits established mitigating possible losses generated by the bankruptcy of a counterparty, as well as transactions are carried out with counterparties with investment grade by risk rating agencies (Fitch, Moody's e Standard and Poor's). The Financial Management Committee assists the Financial Department in examining and reviewing operations with counterparties.

**Trade accounts receivable and contract assets with customers** <br>

The Company may incur losses on accounts receivable arising from invoicing of spare parts and services to customers. To reduce the credit risk associated with installment sales, the respective credit risk analysis is carried out which considers qualitative aspects, which include the experience of past transactions and quantitative aspects, when applicable, based on financial information. Any increased risk and/ or late payment by the customer may impact the continuity of the supply of parts and services, which may make it impossible for the aircraft to operate.

The Company applies the simplified approach to measure the expected credit losses in relation to accounts receivable from customers that do not have a significant financing component (Note 5). Using the provision matrix technique, appropriate groupings of accounts receivable are performed in categories of shared credit risk characteristics, for a given period, to determine historical loss rates and consider prospective macroeconomic factors, aiming to adjust historical rates to reflect relevant future economic conditions.

The calculation of loss rates by grouping of accounts receivable is performed according to the aging of receipts, so that this factor increases gradually as the security remains in default in the portfolio. The Company's trade accounts receivable are comprised predominantly of receivables from the Services & Support segment, which relate to selling spare parts and services rendered to the Company's customer portfolio. Given this context, the provision matrix and the corresponding loss rates were determined by subgroups within the Services & Support segment as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Expected credit losses rate** | **Expected credit losses rate** | **Expected credit losses rate** | **Expected credit losses rate** | **Expected credit losses rate** |
|  | **Commercial**<br>**Aviation** | **Executive**<br>**Aviation** | **Defense &**<br>**Security** | **OGMA** | **Others** |
|  Not due | 0.35% | 0.14% | 0.20% | 0.55% | 1.16% |
|  Up to 90 days | 0.65% | 0.33% | 0.83% | 1.64% | 2.60% |
|  From 91 to 180 days | 21.57% | 9.14% | 14.35% | 11.22% | 7.65% |
|  More than 180 days | 42.36% | 23.09% | 21.78% | 20.49% | 30.95% |

---

On June 30, 2025, a significant increase in the credit risk associated with a client was detected, so that the Company applied 100% loss rate on the exposure of such counterparty.

Based on the credit loss rates determined above, expected losses were calculated as shown below:

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Past due** | **Past due** | **Past due** | | |
|  | <br>**Not<br>due** | **Up to 90<br>days** | **From 91<br>to**<br>**180 days** | **Over**<br>**180 days** |<br>**Expected**<br>**credit losses** |<br>**Total** |
|  **At June 30, 2025** |  |  |  |  |  |  |
|  Commercial Aviation | 218.7 | 6.2 | 3.4 | 2.6 | (8.2) | 222.7 |
|  Defense & Security | 19.9 | 2.5 | 2.4 | 7.7 | (2.0) | 30.5 |
|  Executive Aviation | 46.3 | 7.0 | 0.5 | 0.3 | (0.9) | 53.2 |
|  OGMA | 29.2 | 2.0 | 0.4 | 5.3 | (1.3) | 35.6 |
|  Others | 13.2 | 3.2 | 0.6 | 0.1 | (0.7) | 16.4 |
|  **Total accounts receivable** | **327.3** | **20.9** | **7.3** | **16.0** | **(13.1)** | **358.4** |
|  **At December 31, 2024** |  |  |  |  |  |  |
|  Commercial Aviation | 176.2 | 9.8 | 9.9 | 5.6 | (9.1) | 192.4 |
|  Defense & Security | 14.0 | 0.3 | 2.2 | 12.0 | (0.5) | 28.0 |
|  Executive Aviation | 45.8 | 5.7 | 0.5 | 0.1 | (1.6) | 50.5 |
|  OGMA | 23.9 | 4.9 | 2.3 | 3.2 | (0.5) | 33.8 |
|  Others | 14.6 | 3.5 | 0.4 | 0.3 | (0.7) | 18.1 |
|  **Total accounts receivable** | **274.5** | **24.2** | **15.3** | **21.2** | **(12.4)** | **322.8** |

---

On June 30, 2025, the increase in overdue amounts is associated with a certain customer who did not meet the agreed payment deadlines. However, this default did not have a significant impact on expected credit loss because the Company, by contractual force, can offset any losses incurred with the guarantees offered by the customer.

For contract assets, customers' economic data is incorporated into the analysis of the expected credit loss, which includes the ratings evaluated by the main credit agencies, in order to assertively capture the forward-looking factors that may impact the receivables portfolio. As of June 30, 2025, the expected credit loss factor applied to these customers was 4.16% (2024:4.69%).

Trade accounts receivable and contract assets are written off when there is no reasonable expectation of recovery. Indications that there is no reasonable expectation of recovery include the debtor's inability to participate in a debt renegotiation plan or all possible legal remedies have been exhausted, among others.

The general approach is applied to measure the expected credit loss on receivables recognized as customer financing (Note 7). The expected credit loss is estimated based on the full term of the contracts, considering the probability of loss and the counterparty's credit risk, assessed contract by contract and updated at each reporting date. The fair value of the contractual guarantees is considered as coverage and reduction of the risk assumed, either partially or fully, which considers the probability of default, loss given default, and exposure at default over the contractual term, as detailed in Note 23.1.3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.1.4 Liquidity risk** 

This is the risk of the Company not having enough funds to honor its financial commitments as a result of a mismatch of terms or volumes of estimated receipts and payments. Projections and assumptions are established to manage the liquidity of cash in US$ and R$, in accordance with the financial management policy, based on contracts for future disbursements and receipts, and monitored periodically by the Company.

As described in Note 15, the Company has supplier finance arrangements that are characterized by financial institutions offering to pay the amounts that the Company owes to its suppliers and the Company agrees to pay, according to the terms and conditions of the arrangements, on the same date that the suppliers are paid or on a later date. These arrangements allow the Company to centralize payments of trade accounts payable to financiers instead of paying each supplier individually. Management does not consider that supplier finance arrangements result in excessive concentration of liquidity risk.

**Exposure to liquidity risk** 

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted and include contractual interest payments.

For financial liabilities indexed to fixed rates, interest expenses were calculated based on the interest rate established in each contract. For financial liabilities indexed to floating rates, interest expenses were calculated based on the market forecast for each period.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Book value** | **Total** | **Less than one<br>year** | **One to three<br>years** | **Three to five<br>years** | **More than five<br>years** |
|  **As of June 30, 2025** |  |  |  |  |  |  |
|  Loans and financing | 2205.3 | 3040.4 | 209.4 | 766.0 | 1110.9 | 954.1 |
|  Trade accounts payable | 1167.5 | 1167.5 | 1167.5 |  |  |  |
|  Trade accounts payable supplier finance | 50.6 | 50.6 | 50.6 |  |  |  |
|  Lease liabilities | 119.0 | 118.9 | 21.0 | 38.8 | 26.3 | 32.8 |
|  Other payables | 131.2 | 131.2 | 103.2 | 24.9 | 0.5 | 2.6 |
|  Derivative financial instruments | 125.4 | 125.4 | 3.6 | 121.5 |  | 0.3 |
|  **Total** | **3799.0** | **4634.0** | **1555.3** | **951.2** | **1137.7** | **989.8** |

---

**Line of credit available** 

In February 2024, the Company contracted a financing line with BNDES in the amount of US$91.6 million maturing in March 2040, when used, it will be remunerated at 2.20% p.a. above the TR (Reference Rate) and 1.10% p.a. + TFBD (BNDES Fixed Rate in US$) published by BNDES. As of June 30, 2025, US$20.5 million from this credit line had already been disbursed. This amount is presented as loans and financing (Note 16).

In addition, the Company has a revolving credit line in the amount of US$1 billion maturing in August 2029. This revolving credit line, negotiated with 17 international financial institutions, when used, will be remunerated at SOFR + variable from 0.95% p.a. to 1.70% p.a., depending on the Company's corporate rating. As of June 30, 2025, no amounts have been drawn under this line of credit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23.1.5 Market risk** 

Market risk is the risk that changes in market prices, such as interest rates and exchange rates, will affect the Company's earnings or the value of its financial instruments. The Company uses derivatives to manage market risks (Note 6).

**Interest rate risk** 

This risk arises from the possibility of the Company incurring losses on the fluctuation of floating interest rates, which might increase financial expenses, and/or decrease financial income, as well as negatively impacting the fair value of financial assets measured at fair value. The financial instruments subject to interest rate risk are:

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | **Cash equivalents and financial investments:** the Company's policy for managing the risk of fluctuations in interest rates on financial investments is to maintain a system to measure market risk, which consists of an aggregate analysis of a variety of risk factors that might affect the return of those investments.  |

---

---

| | |
|:---|:---|
| ![LOGO](g947165g00h49.jpg) | **Loans and financing:** the Company monitors financial markets with the purpose of evaluating hedge structures (derivative instruments) in compliance with the financial and risk management policy to protect its exposure risks of volatility in foreign currency and interest rates.  |

---

As of June 30, 2025, the Company's cash equivalents, financial investments and loans and financing were indexed as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Pre-fixed** | **Pre-fixed** | **Post-fixed** | **Post-fixed** | **Total** | **Total** |
|  | **Amount** | **%** | **Amount** | **%** | **Amount** | **%** |
|  Cash, cash equivalents and financial investments | 1493.2 | 93.02% | 112.1 | 6.98% | 1605.3 | 100.00% |
|  Loans and financing | 2030.2 | 92.06% | 175.1 | 7.94% | 2205.3 | 100.00% |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **No effect of derivatives** | **No effect of derivatives** | **Effect of derivatives** | **Effect of derivatives** |
|  | **Amount** | **%** | **Amount** | **%** |
|  Cash equivalents and financial investments | 112.1 | 100.00% | 112.1 | 100.00% |
|  . CDI | 112.1 | 100.00% | 112.1 | 100.00% |
|  Loans and financing | 175.1 | 100.00% | 175.1 | 100.00% |
|  . CDI | 3.8 | 2.17% | 3.8 | 2.17% |
|  . SIFMA | 19.7 | 11.24% | 19.7 | 11.24% |
|  . EURIBOR | 0.8 | 0.46% | 0.8 | 0.46% |
|  . SOFR | 115.0 | 65.71% | 123.5 | 70.52% |
|  . TR | 35.7 | 20.41% | 27.3 | 15.60% |

---

This table presents the breakdown of financial instruments indexed to post-fixed rates and the impact of derivative instruments. While most instruments are not affected by derivatives, the disclosure highlights the specific case where a derivative modifies a loan originally indexed to TR, converting it to SOFR and changing the currency from BRL to USD and supports the reconciliation of financial risk exposures.

**Foreign exchange rate risk** 

The Company's operations most exposed to foreign exchange gains/losses are those denominated in R$(mainly labor costs, tax issues, trade accounts payable and financial investments) as well as investments in subsidiaries in currencies other than the US$.

The Company policy for protection against foreign exchange risks is mainly based on seeking to maintain a balance between assets and liabilities indexed in each currency and management of foreign currency purchases and sales to ensure that, on the realization of the transactions contracted, this natural hedge will occur.

This policy minimizes the effect of exchange rate changes on assets and liabilities already contracted but does not protect against the risk of fluctuations in future results due to appreciation or depreciation of the real or other currencies that can, when measured in dollars, result in an increase or reduction in the portion of costs denominated in reais or other currencies.

The Company, in certain market conditions, may decide to protect possible future mismatches of expenses or revenues in other currencies to minimize the impact of exchange rate variations on results. To minimize the exchange rate risk on financial instruments denominated in currencies other than the functional currency, the Company may contract transactions with derivative instruments.

Below are the amounts of financial instruments denominated by currency:

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
|  Accounts payable |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 13.9 | 15.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 108.6 | 104.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 8.1 | 5.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other currencies | 0.6 | 0.3 |
|  | **131.2** | **125.3** |
|  Loans and financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 65.8 | 23.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 2011.0 | 2444.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 128.5 | 23.2 |
|  | **2205.3** | **2491.1** |
| Trade accounts payable |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 106.5 | 116.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 1015.2 | 812.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 38.6 | 30.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other currencies | 7.2 | 6.5 |
|  | **1167.5** | **966.3** |
| Trade accounts payable supplier finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 20.7 | 20.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 29.9 | 22.9 |
|  | **50.6** | **43.3** |
| Derivative financial instruments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 0.3 | 17.8 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 121.5 | 86.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 3.6 |  |
|  | **125.4** | **103.8** |
|  **Total (1)** | **3680.0** | **3729.8** |
| Cash and cash equivalents and financial investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 123.4 | 105.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 1239.6 | 2435.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 238.1 | 4.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other currencies | 4.2 | 6.4 |
|  | **1605.3** | **2551** |
|  Trade accounts receivable: |  |  |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 22.2 | 29.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 300.7 | 270.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 25.2 | 15.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other currencies | 10.2 | 7.6 |
|  | **358.3** | **322.8** |
| Customer and commercial financing: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 18.9 | 18.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 5.1 | 13.5 |
|  | **24.0** | **32.4** |
| Other assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 26.0 | 22.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 82.0 | 81.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 5.8 | 5.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other currencies | 0.3 | 0.3 |
|  | **114.1** | **109.9** |
| Derivative financial instruments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | 46.1 | 10.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro |  | 2.5 |
|  | **46.1** | **13.2** |
| Total (2) | **2147.8** | **3029.4** |
| Net exposure (1 - 2): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Reais | (29.4) | 6.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. dollar | 1658.8 | 670.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | (90.3) | 31.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other currencies | (6.9) | (7.5) |

---

---

| | |
|:---|:---|
| **24** | **EARNINGS PER SHARE**  |

---

The basic and diluted earnings per share is calculated by dividing the net income for the period attributable to the Company's shareholders by the average number of common shares outstanding during the period, excluding common shares acquired by the Company and held as treasury shares.

---

| | | | |
|:---|:---|:---|:---|
|  | | **Six months ended<br>30 June** | **Six months ended<br>30 June** |
|  | | **2025** | **2024** |
|  Profit attributable to owners of Embraer |  | 151.9 | 128.1 |
|  Weighted average number of shares (in thousands) | (i) | 734019914 | 734632806 |
|  Basic and diluted earnings per share - U.S. dollars | (ii) | 0.21 | 0.17 |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The change in the weighted average number of outstanding shares is due to the repurchase of 1,066,667 shares (B3: EMBR3) in the amount of US$14.5, including transaction costs, which occurred in March 2025. Thus, in June 2025, Embraer held 6,898,905 in treasury (2024: 5,832,238) common shares issued by the company, measured at historical cost of US$31.0 (2024: US$14.1).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the six month periods ended June 30, 2025 and 2024, the Company does not have potentially dilutive common shares.

---

| | |
|:---|:---|
| **25** | **REVENUE FROM CONTRACTS WITH CUSTOMERS**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25.1 Revenue disaggregation by category and geographic region** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** |
|  | **North<br>America** | **Europe** | **Asia<br>Pacific** | **Latin America,<br>except Brazil** | **Brazil** | **Others** | **Total** |
| &nbsp;&nbsp; Aircraft | 1115.3 | 297.5 | 35.9 | 51.5 | 144.0 | 11.2 | 1655.4 |
| &nbsp;&nbsp; Spare Parts | 129.8 | 59.0 | 19.6 | 2.8 | 28.4 | 10.5 | 250.1 |
| &nbsp;&nbsp; Service | 348.0 | 163.4 | 48.7 | 16.0 | 44.9 | 31.3 | 652.3 |
| &nbsp;&nbsp; Aircraft/Development (Defense BU) |  | 252.7 | 32.0 | 0.5 | 51.7 |  | 336.9 |
| &nbsp;&nbsp; Others |  | 10.5 | 14.8 | 0.1 | 1.4 | 0.7 | 27.5 |
|  **Total** | **1593.1** | **783.1** | **151.0** | **70.9** | **270.4** | **53.7** | **2922.2** |
| **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** |
|  | **North<br>America** | **Europe** | **Asia<br>Pacific** | **Latin America,<br>except Brazil** | **Brazil** | **Others** | **Total** |
| &nbsp;&nbsp; Aircraft | 930.3 | 196.3 | 35.7 | 90.4 | 63.2 | 27.7 | 1343.6 |
| &nbsp;&nbsp; Spare Parts | 120.6 | 51.0 | 15.6 | 2.3 | 16.0 | 13.9 | 219.4 |
| &nbsp;&nbsp; Service | 266.6 | 142.7 | 52.2 | 26.5 | 56.3 | 29.4 | 573.7 |
| &nbsp;&nbsp; Aircraft/Development (Defense BU) |  | 110.0 | 38.4 |  | 81.3 |  | 229.7 |
| &nbsp;&nbsp; Others | 1.7 | 8.3 |  |  | 14.4 |  | 24.4 |
|  **Total** | **1319.2** | **508.3** | **141.9** | **119.2** | **231.2** | **71.0** | **2390.8** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25.2 Contract assets and liabilities** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **06.30.2025** | **06.30.2025** | **12.31.2024** | **12.31.2024** |
|  Contract Assets - Third Parties |  | 471.1 |  | 360.9 |
|  Contract assets - Related parties |  | 315.8 |  | 263.2 |
|  **Contract assets** |  | **786.9** |  | **624.1** |
|  Current |  | 786.9 |  | 622.7 |
|  Non-current |  |  |  | 1.4 |

---

Contract assets – US$87.2 included in the contract assets as of December 31, 2024, were collected in the six month period ended on June 30, 2025.

In the six month period ended on June 30, 2025, the expected credit loss recognized on contract assets amounts was to US$5.6 (2024: US$4.2).

---

| | | |
|:---|:---|:---|
|  | **06.30.2025** | **12.31.2024** |
|  Advances from customers - Aircraft and Defense long-term contracts | 3060.4 | 2999.4 |
|  Advances from customers - Related parties | 76.1 | 65.5 |
|  Deferred revenue with multiple elements | 180.2 | 219.7 |
|  **Contract liabilities** | **3316.7** | **3284.6** |
|  Current | 2733.6 | 2563.4 |
|  Non-current | 583.1 | 721.2 |

---

Contract liabilities – Out of the total balances of contract liabilities as of December 31, 2024, US$1,315.7 were recognized as revenues in the six month period ended on June 30, 2025.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25.3 Performance obligations** 

The Company has a portfolio of firm orders ("backlog"), which includes performance obligations that are either unsatisfied or partially satisfied.

As of June 30, 2025, the amount of revenue allocated to performance obligations not yet satisfied (or partially satisfied) was US$29.7 billion, and US$26.3 billion as of December 31, 2024.

From the amount as of June 30, 2025, US$26.1 billion is expected to be satisfied within the next five years and as of December 31, 2024, US$23.3 billion, according to the Company's estimates.

---

| | |
|:---|:---|
| **26** | **EXPENSES BY NATURE**  |

---

---

| | | |
|:---|:---|:---|
|  | **Six months ended 30 June** | **Six months ended 30 June** |
|  | **2025** | **2024** |
|  **As presented in the statements of profit or loss:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of sales and services | (2380.2) | (1982.1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Administrative | (101.9) | (97.1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Selling | (159.9) | (152.9) |
|  | **(2642.0)** | **(2232.1)** |
|  **Expenses by nature:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; General manufacturing costs<br> (i) | (2026.2) | (1808.7) |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation | (62.8) | (47.6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Amortization | (47.4) | (44.8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Personnel expenses | (139.7) | (229.7) |
| &nbsp;&nbsp;&nbsp;&nbsp; Marketing and sales expenses | (38.9) | (36.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Services rendered by third parties | (41.0) | (39.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous<br> (ii) | (286.0) | (25.1) |
|  | **(2642.0)** | **(2232.1)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Refers to costs of materials and general manufacturing expenses and provision service.

(ii) Refers mainly to expenses related to insurance, taxes and fees.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **27** | **OTHER INCOME AND OTHER EXPENSES**  |

---

---

| | | |
|:---|:---|:---|
|  | **Six months ended 30 June** | **Six months ended 30 June** |
|  | **2025** | **2024** |
|  **Other income:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Revenue from contractual fines | 16.1 | 12.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reimbursement of expenses | 3.2 | 2.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax credits | 2.1 | 40.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royalties | 14.0 | 9.9 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reversal for contingencies |  | 8.5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other sales | 8.9 | 4.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxes on other revenues | (7.0) | (5.6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Others | 4.4 | 3.6 |
|  | **41.7** | **75.6** |
|  **Other expense:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate projects | (22.4) | (34.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Expenses system project | (9.5) | (7.5) |
| &nbsp;&nbsp;&nbsp;&nbsp; Flight safety standards | (2.9) | (3.0) |
| &nbsp;&nbsp;&nbsp;&nbsp; Aircraft maintenance and flights costs—fleet | (3.3) | (2.8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxes on other sales | (1.4) | (2.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Training and development | (2.7) | (2.0) |
| &nbsp;&nbsp;&nbsp;&nbsp; Environmental provision | (1.2) | (1.7) |
| &nbsp;&nbsp;&nbsp;&nbsp; Provision for contingencies | (3.7) | (1.6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax fines |  | (1.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Product modification | (1.3) | (0.9) |
| &nbsp;&nbsp;&nbsp;&nbsp; Royalties | (2.0) | (0.8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Others | (5.0) | (19.2) |
|  | **(55.4)** | **(78.6)** |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **28** | **FINANCIAL RESULT**  |

---

---

| | | |
|:---|:---|:---|
|  | **Six months ended 30 June** | **Six months ended 30 June** |
|  | **2025** | **2024** |
|  **Financial income:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants: adjustment to fair value |  | 59.2 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest on cash and cash equivalents and financial investments | 46.7 | 53.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest on receivables | 8.9 | 31.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxes over financial revenue | (1.2) | (2.7) |
| &nbsp;&nbsp;&nbsp;&nbsp; Derivative financial instruments | 54.6 | 41.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adjustment to fair value of Financing to customers |  | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp; Others | 7.4 | 0.7 |
|  **Total financial income** | **116.4** | **184.6** |
|  **Financial expenses:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest on loans and financing | (85.5) | (92.8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other interest and banking operations | (10.4) | (10.0) |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest on taxes, social charges and contributions | (3.5) | (0.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants: adjustment to fair value (i) | (35.4) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fair value adjustment of customer financing | (19.6) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; IOF - (tax on financial transactions) | (0.8) | (0.6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-term incentives - phantom shares (ii) | (121.4) | (43.8) |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial restructuring costs |  | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp; Others | (18.9) | (13.4) |
|  **Total financial expenses** | **(295.5)** | **(161.0)** |

---

(i) Eve Holding (NYSE:EVEX) issues call options that grant holders the right but not the obligation to acquire their shares. Changes in the fair value of these options are directly recognized in Eve Holding's financial results and consequently consolidated by the Company, Embraer S.A., in its results.

(ii) Expenses related to our phantom shares program, which was affected by the appreciation of Embraer's common shares.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **29** | **FOREIGN EXCHANGE, NET**  |

---

---

| | | |
|:---|:---|:---|
|  | **Six months ended 30 June** | **Six months ended 30 June** |
|  | **2025** | **2024** |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents and financial investments | (0.8) | (2.5) |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax credits | 20.3 | (20.3) |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade accounts receivable and contract assets | 2.5 | (28.7) |
| &nbsp;&nbsp;&nbsp;&nbsp; Others assets | 10.7 | (3.5) |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans and financing | (3.9) | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities | 0.1 | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp; Provisions | (22.9) | 25.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxes and charges payable | (4.5) | 7.6 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other payables | (7.6) | (1.4) |
| &nbsp;&nbsp;&nbsp;&nbsp; Suppliers | (1.6) | 11.3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provisions for contingencies | (4.4) | 5.4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Others liabilities | (10.4) | 1.4 |
|  **Foreign exchange variations** | **(22.5)** | **(3.5)** |
|  Derivative financial instruments | (6.1) | 0.3 |
|  **Foreign exchange gain (loss), net** | **(28.6)** | **(3.2)** |

---

---

| | |
|:---|:---|
| **30** | **RESPONSIBILITIES AND COMMITMENTS**  |

---

Backstop commitments (Commercial Aviation)

In certain firm sales contracts of commercial jets included in backlog, the Company has entered into backstop commitments to provide financing in case the customer fails to obtain sufficient credit lines upon the aircraft deliveries.

Past experience demonstrates the Company was requested and provided financing on limited cases to its customers during the deliveries of E-Jets family, which demonstrates existence of alternative funding sources in the market to transfer the backstop commitments and remote probability of exercise. In addition, the Company retains property of the assembled aircraft until the customer fulfils the payments on delivery, then not being exposed to risks of loss.

With the purpose of mitigating the credit risk exposure, the exercise of backstop commitments relies on current financial conditions of the customer upon exercise notice and conditions precedent to be accomplished. If the Company effectively provides the financing on delivery, the related aircraft is kept as collateral in the financing structure.

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

---

| | |
|:---|:---|
| **31** | **OPERATING SEGMENTS**  |

---

The following table sets forth statement of profit or loss information by segment for the periods indicated:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** |
| | **Commercial<br>Aviation** | **Executive<br>Aviation** | **Defense<br>and<br>security** | **Service &<br>Support** | **Other<br>Segments** | **Total<br>reportable<br>Segments** | **Unallocated\*** | **Total** |
|  Revenue | 778.2 | 871.8 | 360.4 | 880.5 | 31.3 | 2922.2 |  | 2922.2 |
|  Cost of sales and services | (710.3) | (686.5) | (300.0) | (662.3) | (21.1) | (2380.2) |  | (2380.2) |
|  **Gross Profit** | **67.9** | **185.3** | **60.4** | **218.2** | **10.2** | **542.0** |  | **542.0** |
|  Operating income (expense) | (53.1) | (69.1) | (42.2) | (105.7) | (41.2) | (311.3) |  | (311.3) |
|  **Operating income before financial result** | **14.8** | **116.2** | **18.2** | **112.5** | **(31.0)** | **230.7** |  | **230.7** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** |
| | **Commercial<br>Aviation** | **Executive<br>Aviation** | **Defense<br>and<br>security** | **Service &<br>Support** | **Other<br>Segments** | **Total<br>reportable<br>Segments** | **Unallocated\*** | **Total** |
|  Revenue | 754.3 | 575.2 | 267.9 | 770.0 | 23.4 | 2390.8 |  | 2390.8 |
|  Cost of sales and services | (697.7) | (456.7) | (240.9) | (566.1) | (20.7) | (1982.1) |  | (1982.1) |
|  **Gross Profit** | **56.6** | **118.5** | **27.0** | **203.9** | **2.7** | **408.7** | **-** | **408.7** |
|  Operating income (expense) | (62.7) | (68.6) | (39.2) | (90.2) | (31.2) | (291.9) | 7.2 | (284.7) |
|  **Operating income before financial result** | **(6.1)** | **49.9** | **(12.2)** | **113.7** | **(28.5)** | **116.8** | **7.2** | **124.0** |

---

(\*) Unallocated items from operating income (expense) refer to certain corporate demands not directly related to the operating segments. In 2024, the amount substantially refers to the reimbursement of expenses received in the context of the arbitration with Boeing.

**Revenue by geographic area and operating segment** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** |
| | **Commercial**<br> **Aviation** | **Defense &**<br> **Security** | **Executive**<br> **Aviation** | **Services &**<br> **Support** | **Other**<br> **Segments** | **Total** |
|  North America | 599.5 |  | 516.9 | 475.8 | 0.9 | 1593.1 |
|  Europe | 109.7 | 269.4 | 187.9 | 206.9 | 9.2 | 783.1 |
|  Asia Pacific | 35.9 | 30.9 |  | 82.7 | 1.5 | 151.0 |
|  Latin America, except Brazil | 33.1 | 0.7 | 18.4 | 18.7 |  | 70.9 |
|  Brazil |  | 59.3 | 137.4 | 54.0 | 19.7 | 270.4 |
|  Others | - | 0.1 | 11.2 | 42.4 | - | 53.7 |
|  **Total** | **778.2** | **360.4** | **871.8** | **880.5** | **31.3** | **2922.2** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** |
| | **Commercial**<br> **Aviation** | **Defense &**<br> **Security** | **Executive**<br> **Aviation** | **Services &**<br> **Support** | **Other**<br> **Segments** | **Total** |
| &nbsp;&nbsp;&nbsp; North America | 592.4 |  | 339.3 | 387.4 | 0.1 | 1319.2 |
| &nbsp;&nbsp;&nbsp; Europe | 70.0 | 132.1 | 118.5 | 187.7 |  | 508.3 |
| &nbsp;&nbsp;&nbsp; Asia Pacific |  | 38.1 | 35.8 | 68.0 |  | 141.9 |
| &nbsp;&nbsp;&nbsp; Latin America, except Brazil | 64.0 | 1.9 | 26.4 | 26.9 |  | 119.2 |
| &nbsp;&nbsp;&nbsp; Brazil | 0.3 | 95.6 | 55.2 | 56.8 | 23.3 | 231.2 |
| &nbsp;&nbsp;&nbsp; Others | 27.6 | 0.2 |  | 43.2 |  | 71.0 |
| &nbsp;&nbsp;&nbsp; **Total** | **754.3** | **267.9** | **575.2** | **770.0** | **23.4** | **2390.8** |

---

------

---

| | |
|:---|:---|
| **Embraer S.A** | ![LOGO](g947165embaer.jpg) |

---

**Notes to the unaudited condensed consolidated interim financial statements** 

***In millions of U.S. dollars, unless otherwise indicated.*** 

**Revenue by category and operating segment** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** | **Six months ended 30 June, 2025** |
| | **Commercial**<br> **Aviation** | **Defense &**<br> **Security** | **Executive**<br> **Aviation** | **Services &**<br> **Support** | **Other**<br> **Segments** | **Total** |
| &nbsp;&nbsp;&nbsp; Aircraft | 777.6 |  | 871.8 |  | 6.0 | 1655.4 |
| &nbsp;&nbsp;&nbsp; Spare Parts |  |  |  | 233.5 | 16.6 | 250.1 |
| &nbsp;&nbsp;&nbsp; Service |  | 15.1 |  | 628.5 | 8.7 | 652.3 |
| &nbsp;&nbsp;&nbsp; Aircraft/Development (Defense BU) |  | 336.9 |  |  |  | 336.9 |
| &nbsp;&nbsp;&nbsp; Others | 0.6 | 8.4 |  | 18.5 |  | 27.5 |
| &nbsp;&nbsp;&nbsp; **Total** | **778.2** | **360.4** | **871.8** | **880.5** | **31.3** | **2922.2** |
| **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** | **Six months ended 30 June, 2024** |
|  | **Commercial**<br> **Aviation** | **Defense &**<br> **Security** | **Executive**<br> **Aviation** | **Services &**<br> **Support** | **Other**<br> **Segments** | **Total** |
| &nbsp;&nbsp;&nbsp; Aircraft | 751.4 | 8.7 | 575.2 |  | 8.3 | 1343.6 |
| &nbsp;&nbsp;&nbsp; Spare Parts |  | 0.1 |  | 213.7 | 5.6 | 219.4 |
| &nbsp;&nbsp;&nbsp; Service |  | 16.3 |  | 547.9 | 9.5 | 573.7 |
| &nbsp;&nbsp;&nbsp; Aircraft/Development (Defense BU) |  | 229.7 |  |  |  | 229.7 |
| &nbsp;&nbsp;&nbsp; Others | 2.9 | 13.1 |  | 8.4 |  | 24.4 |
| &nbsp;&nbsp;&nbsp; **Total** | **754.3** | **267.9** | **575.2** | **770.0** | **23.4** | **2390.8** |

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| **32** | **SUBSEQUENT EVENTS**  |

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**Borrowing** 

In July 2025, the Company raised a loan of US$80 million from a North American financial institution, with a SOFR rate + 1.30% p.a. and a term of 7 years, and no assets of the Company were pledged as collateral in said operation.

**BNDES - New investments in Eve Air Mobility.** 

In August 2025, Eve Air Mobility ("Eve") has entered into subscription agreements with BNDESPAR, a subsidiary of the "*Banco Nacional de Desenvolvimento Econômico e Social"* (BNDES), Embraer and others institutional investors. The transaction included the subscription of Brazilian Depositary Receipts (BDRs) by BNDES, each representing one common share at a price of R$26.21 per BDR, totaling a gross funding of US$230 million, before the commissions of the placement agents and estimated expenses of said offering. As a result of this transaction, a total of 43,298,969 new shares of EVE were issued, leading to a dilution in Embraer's equity interest from 82.8% to 72.4%, based on a revised total of 249,199,589 outstanding shares