Core Insights - Embraer reported a firm order backlog of US$31.6 billion in 4Q25, marking an all-time high and a more than 20% increase year-over-year [1] - The company delivered a total of 91 aircraft in 4Q25, including 32 commercial jets, 53 executive jets, and 6 defense-related aircraft, contributing to a total of 244 aircraft delivered in 2025, an 18% increase from 206 in 2024 [1] - Adjusted free cash flow without Eve was US$738.3 million in 4Q25 and US$491.2 million for the full year, leading to a net cash position of US$109.3 million at the end of 2025 [1] Financial Performance - Revenues reached US$2,652 million in 4Q25 and US$7,578 million for the full year, representing an 18% year-over-year growth and the highest annual level ever [1] - Adjusted EBIT for 4Q25 was US$230.9 million with an 8.7% margin, while the full year adjusted EBIT was US$656.8 million, also with an 8.7% margin, both exceeding guidance [1] - U.S. import tariffs amounted to US$27 million in 4Q25 and US$54 million for the full year [1] Future Guidance - For 2026, the company anticipates delivering between 80 and 85 commercial aircraft and between 160 and 170 executive aircraft [1] - Financially, Embraer expects revenues in the range of US$8.2 to US$8.5 billion, with an adjusted EBIT margin between 8.7% and 9.3%, and adjusted free cash flow without Eve of US$200 million or higher [1]