SAO PAULO (Reuters) -Brazilian planemaker Embraer ( ERJ ) said on Thursday it delivered 62 aircraft in the third quarter of 2025, about 5% higher than the 59 deliveries in the same period last year.

The world's third-largest planemaker delivered 20 commercial aircraft in the quarter, a 25% increase year-on-year, and 41 executive jets, in line with a year earlier, Embraer ( ERJ ) said in a securities filing.

The Phenom 300 represented nearly half of all the executive jets delivered by Embraer ( ERJ ) in the quarter through the end of September, according to the company.

Embraer ( ERJ ) also delivered one defense aircraft in the period, a KC-390 Millennium, compared with two deliveries in the defense segment a year ago.

"Deliveries are on track to reach bottom end of guidance," Citi analysts including Andre Mazini wrote in a note to clients, adding the figures are "likely to be taken as lukewarm by the market."

Embraer ( ERJ ) forecasts deliveries in 2025 of between 77 and 85 commercial, and 145 to 155 executive jets. In the year through the third quarter, Embraer ( ERJ ) delivered 46 commercial jets and 102 executive jets.

Sao Paulo-traded shares of Embraer ( ERJ ) declined 5.8% on Thursday ahead of the data, one of the largest losers in the Brazilian equities benchmark index Bovespa, which fell 1.1%.

The company is set to release its third-quarter financial results on November 4, according to its website.