Grupo Vamos (VAMO3) released on Thursday, July 16, 2026, its preliminary results for the second quarter of 2026 (2Q26), reporting net revenue of R$ 1.6 bn, equivalent to R$ 1,554.1 mn, up 10.1% compared to 2Q25. In the first half of 2026, net revenue reached R$ 3,174.4 mn, versus R$ 2,743.7 mn in the same period of 2025, an increase of 15.7%.
In 2Q26, rental revenue totaled R$ 1,076.8 mn, an increase of 7.5% compared to 2Q25, while revenue from asset sales was R$ 365 mn, up 12.6% on the same comparison. The industrial division posted revenue of R$ 112.3 mn, 30.4% above 2Q25. Sales of used assets totaled R$ 358.7 mn, year‑on‑year growth of 10.6%, and the asset sales line under CPC‑06 (lease accounting standard) contributed R$ 6.2 mn.
The company said rental revenue was considered “record”, driven by contracted capex of R$ 1,554.2 mn in 2Q26, up 59.6% versus 2Q25, with demand coming from several sectors of the economy, especially e‑commerce. Deployed capex reached R$ 975 mn in the quarter, 4.7% above 2Q25, largely reflecting capex contracted in 1Q26 and with an expectation of acceleration in the coming months due to the volume contracted in 2Q26.
In the Sempre Novo product, focused on leasing used assets, contracted capex was R$ 179.5 mn in 2Q26, growth of 51.6% versus 2Q25, and deployed capex reached R$ 160.3 mn, an increase of 67.8% on the same basis. The company highlighted that growing demand for this product has reduced inventories of assets available for sale and made the mix of assets in stock more aligned with demand. The fleet occupancy rate reached 88.6% in the quarter, the highest level since 2020, supported by the expansion of the leased fleet, higher used‑asset sales and a slowdown in asset repossessions.
Grupo Vamos also reported that the rental EBITDA margin (earnings before interest, taxes, depreciation and amortization) increased compared to 2Q25 and 1Q26, supported by operating leverage gains, cost and expense control, and lower delinquency. Repossessions and early terminations totaled R$ 189.4 mn in 2Q26, down 48.1% compared to 2Q25 and 32.8% versus 1Q26, representing 4.1% of the average gross fleet PP&E in the period. The company reaffirmed its guidance for 2026.
