Embraer reports record 2025 revenue and record backlog as deliveries rise

Brazilian aerospace manufacturer Embraer reported record annual revenue and a historic order backlog in 2025, driven by strong aircraft deliveries and robust demand across its commercial, executive and defence divisions.

The company posted revenues of US$2.65 billion in the fourth quarter of 2025, bringing full-year revenue to US$7.58 billion, the highest annual level in its history and an 18% increase year-on-year, exceeding the upper end of its guidance.

Growth was particularly strong in the Defence & Security and Executive Aviation segments, where revenues increased 36% and 25% respectively compared with 2024.

Profitability above guidance

Adjusted EBIT reached US$230.9 million in the fourth quarter, corresponding to an 8.7% margin. For the full year, adjusted EBIT totalled US$656.8 million, also representing an 8.7% margin, both above the company’s forecast.

U.S. import tariffs had a measurable impact on results, amounting to US$27 million in the fourth quarter and US$54 million for the full year.

Adjusted free cash flow, excluding Eve Air Mobility, reached US$738.3 million in the fourth quarter and US$491.2 million for the year, supported by higher aircraft deliveries. As a result, Embraer ended 2025 with a net cash position of US$109.3 million.

Aircraft deliveries increase

During the fourth quarter, Embraer delivered 91 aircraft, including 32 commercial jets, 53 executive jets, and six defence aircraft.

The defence deliveries included two Embraer KC?390 Millennium transport aircraft and four Embraer A?29 Super Tucano.

For the full year, the company delivered 244 aircraft, up 18% from 206 aircraft in 2024. Deliveries comprised 78 commercial jets, 155 executive jets, three KC-390 Millennium aircraft, and eight A-29 Super Tucano aircraft.

Record order backlog

Embraer closed the year with a firm order backlog of US$31.6 billion, an all-time high and more than 20% higher than a year earlier.

Commercial Aviation orders were particularly strong, with a book-to-bill ratio of 2.8, supported by continued demand for the Embraer E175 and the Embraer E?Jet E2 family.

Outlook for 2026

For 2026, Embraer expects to deliver 80 to 85 commercial aircraft and 160 to 170 executive jets.

Financially, the company forecasts revenue between US$8.2 billion and US$8.5 billion, an adjusted EBIT margin of 8.7% to 9.3%—including the impact of a 10% U.S. import tariff—and adjusted free cash flow of at least US$200 million, excluding Eve Air Mobility.