We closed 2024 with the certainty that we have advanced on our journey of sustainable growth, strengthening Rumo’s role as a key player in transforming Brazil’s infrastructure. Through investments that enhance competitiveness, connectivity, and support decarbonization, we continue to drive the country’s development.

We remain steadfast in our strategy, boosting the railway’s capacity and efficiency, even in the face of significant challenges throughout the year, such as extreme weather events in Rio Grande do Sul, crop failures in the Midwest, and an uncertain and challenging macroeconomic environment.

We grew in transported volume, reaching 79.8 billion TKU and recording an all-time high adjusted EBITDA of R$ 7.7 billion, a 37% increase. Adjusted net income reached R$ 2.1 billion, nearly three times the amount recorded in the previous year.

The R$ 5.5 billion investments made during the year not only built a lasting legacy in our areas of operation but also strengthened the national railway logistics system. We accelerated the construction of the Mato Grosso Railway, expanded the capacity and safety of the Paulista Network, and consolidated our strategic position at the Port of Santos with railway access works and agreements for the construction of a new port terminal for grain and fertilizer transportation.

Safety remains a non-negotiable value. Despite advances in personal safety, the frequency of incidents increased, and we recorded more severe railway accidents. We are not satisfied and will continue reinforcing our safety culture.

For another year, we secured Rumo’s presence in the Dow Jones Sustainability Indexes (DJSI) and the Corporate Sustainability Index (ISE), a market recognition that confirms we are on the right path.

Brazil’s transportation matrix is still highly dependent on road transport. As a more sustainable alternative, railways play a fundamental role in reducing carbon emissions. We continue to drive the logistics chain by providing capacity for the migration of cargo from more polluting transport modes and continuously improving our operational efficiency.

In 2024, we advanced even further in this agenda, reducing our specific emissions by 3.3% and preventing the release of 6.9 million tons of CO₂ compared to transporting the same amount of cargo via road transport.

On the social front, we reinforced our commitment to the communities along the railway, promoting initiatives that directly impact people’s quality of life. We strengthened partnerships with local authorities and organizations, investing in education and professional training projects.

Additionally, we made progress in our diversity and inclusion agenda, reaching 30% female representation in leadership positions. We remain committed to building a more inclusive and diverse environment, ensuring that equity and people’s empowerment are pillars of our growth.

We strengthened the evolution of our governance system, focusing on improving ethics, compliance, and corporate integrity processes. Moreover, we joined the UN Global Compact’s 100% Transparency Movement, enhancing the relevance of this topic through a public commitment.

I thank all our railway workers, investors, clients, and partners who accompany us on this journey.

We continue connecting markets and driving Brazil forward.

Pedro Palma

Rumo’s CEO as of April/2024