Embraer announces share buyback program of up to 10.8 million shares

SÃO JOSÉ DOS CAMPOS, Brazil - Brazilian aircraft manufacturer Embraer S.A. (B3:EMBR3, NYSE: ERJ) announced Thursday its board of directors has approved a new share buyback program for up to 10.8 million common shares, representing approximately 1.5% of the company's outstanding shares. The $11.7 billion aerospace company has seen its stock surge 70% over the past year, trading near its 52-week high of $16.80.

The program will commence on November 7, 2025, and remain in effect for 12 months until November 6, 2026, according to a company statement. Embraer currently holds 6.9 million shares in treasury.

The acquisitions will be conducted on the B3 S.A. stock exchange at market prices, with BTG Pactual Serviços Financeiros serving as the intermediary financial institution.

The company plans to use the repurchased shares for holding in treasury, potential cancellation, subsequent market sale, or to fulfill obligations related to its share-based compensation plans.

Funding for the buyback will come from Embraer's Investment and Working Capital Reserve, which stood at R$2.51 billion ($451 million) as of September 30, 2025, based on financial statements released earlier this week.

The board of directors stated that the company's current financial position is compatible with executing the share buyback program and believes it will not impair Embraer's ability to meet obligations to creditors or affect its shareholder composition or administrative structure.

The announcement was made in accordance with Brazilian corporate law and regulatory requirements, based on a press release statement from the company.

In other recent news, Embraer S.A. reported a record-breaking order backlog of $31.3 billion at the end of the third quarter, marking the highest in the company's history. The company delivered 62 aircraft during this period, surpassing the 59 deliveries from the same quarter last year. Notably, Embraer secured significant new orders, including a firm order from Avelo Airlines for 50 E195-E2 jets and another from the LATAM Group for 24 aircraft. Additionally, TrueNoord signed a firm order for 20 E195-E2 jets, valued at $1.8 billion, with options for more. In another development, Sweden ordered four C-390 Millennium aircraft, with options for seven more, as part of a European procurement program. In terms of financial ratings, Moody's affirmed Embraer's Baa3 long-term issuer rating and changed its outlook to positive, highlighting improvements in credit metrics and operational results. Furthermore, Embraer announced a change in its ticker symbols on both the Brazilian Stock Exchange and the New York Stock Exchange, effective November 3, 2025.

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