Core Viewpoint - Eve Air Mobility has made significant progress in its flight test campaign for its electric Vertical Take-Off and Landing (eVTOL) aircraft, successfully conducting a full-scale prototype flight for Brazilian authorities, marking a step towards future certification [1][3]. Flight Test Progress - The engineering prototype has completed 35 flights, accumulating nearly 1.5 hours of total flight time since its first flight in December 2025, reaching an altitude of 140 feet (43 meters) [3]. - The flights have focused on low-speed operations (up to 15 knots, approximately 28 km/h), validating control laws, rotor aerodynamic efficiency, thermal behavior, and the propulsion model [5]. Performance Metrics - Preliminary results show efficiency gains, with propulsion and battery performance exceeding initial expectations, while noise levels remain significantly lower than conventional helicopters [4]. - The company plans to expand the flight envelope and test at higher speeds, with upcoming flights expected to reach up to 30 knots (approximately 56 km/h) [7]. Strategic Partnerships and Support - Eve is supported by BNDES, which has provided over BRL 1.4 billion in financing since 2022, and Finep, which has approved up to BRL 90 million in grants for digital innovation and sustainable aviation initiatives [10]. - The company is actively engaging with regulators and public-private initiatives to foster the ecosystem required for urban air mobility [11]. Regulatory Framework Development - Eve is involved in the development of Brazil's National Urban Air Mobility Policy, participating in a public consultation process led by the Ministry of Ports and Airports [9]. Company Background - Eve Air Mobility is focused on accelerating the Urban Air Mobility (UAM) ecosystem, leveraging Embraer's 56 years of aerospace expertise to innovate in sustainable aviation [12].

Full-Scale Prototype 1st Flight on Dec.19, '25 4 Q 2 5 & F Y 2 0 2 5 U P DAT E M a r c h 1 6 , 2 0 2 6 This information belongs to Eve and cannot be used or reproduced without written permission from the Company. LATEST PRODUCT DEVELOPMENT ACHIEVEMENTS Flight Campaign Intensifying High engagement with authorities / suppliers This information belongs to Eve and cannot be used or reproduced without written permission from the Company. This information belongs to Eve and cannot be used or reproduced without wr ...

Product Development - The full-scale prototype is preparing for its first flight at Embraer's test facility[2, 9] - Embraer has been selected to supply the landing gear[3, 13] - The Iron Bird (ground prototype) is operational, expediting certification and reducing costs[4, 16, 17] Ecosystem and Customer Engagement - The company is actively engaging with investors, media, regulators, and customers through various events and agreements[20] - Landmark framework agreement with Bahrain to launch eVTOL operations in the region[20] - The company has secured pre-orders for approximately 2,800 eVTOLs[24] - The firm orders and Letters of Intent (LOIs) are valued at approximately $14 billion based on the current list price[25] Financial Performance and Position - The company raised $230 million in equity capital[27] - The company's cash position is $534 million, providing liquidity for approximately 2.5 years, assuming a cash burn of approximately $200 million per year[29, 31] - For 3Q25, Research & Development (R&D) expenses were $44.9 million, and Selling, General & Administrative (SG&A) expenses were $7.0 million[32]

eVTOL Design & Development - Eve-100 eVTOL design refinements enhance passenger experience, improve operational efficiency and safety[2,4] - The full-scale prototype is getting ready for its first flight, featuring a new 4-blade rotor configuration and folding mechanism[19,20,24] - Key achievements include successful pusher motor tests and installation, continuous lifter testing, and Beta Technologies as a new electric motor partner[22] Commercial Agreements & Pre-orders - Revo signed the first binding eVTOL order for $250 million, targeting entry into service in 2027 with 10 vehicles (binding) and 40 vehicles (options)[8,9,10] - Future Flight Global signed a Letter of Intent (LOI) for up to 54 eVTOLs serving Brazil and the United States[13] - Aerosolutions and Bluenest by Globalvia signed an LOI for up to 50 eVTOLs and TechCare services[13] - Eve has secured pre-orders for approximately 2,800 eVTOLs from 28 customers in 9 countries[14] - The pre-order book value is approximately $14 billion based on the current list price[15] Financial Performance - Research & Development (R&D) expenses for 2Q25 were $45.7 million, compared to $36.3 million in 2Q24[41] - Net loss for 2Q25 was $64.7 million, compared to a net loss of $36.4 million in 2Q24[41] - Free Cash Flow for 2Q25 was $(56.9) million, compared to $(31.4) million in 2Q24[41] - The company anticipates total cash consumption between US$200-250 million for 2025[44]