JSL (JSLG3) released on Monday, July 27, 2026, its preliminary results for the second quarter of 2026 (2Q26), reporting gross revenue of R$ 2.9425 bn, up 5.5% compared to 2Q25, and gross services revenue of R$ 2.8507 bn, an increase of 6.3% in the same comparison.
By segment, JSL Serviços Dedicados posted gross revenue of R$ 2.0103 bn in 2Q26, an increase of 1.9% versus 2Q25, while the Intralog unit totaled R$ 611.1 mn, up 7.5% in the period. JSL Digital, in turn, reached R$ 229.2 mn in gross revenue, a 63.6% rise compared to the second quarter of the previous year.
According to the company, the remaining grain transport operations were migrated from JSL Serviços Dedicados to JSL Digital, reflecting the spot nature of these activities, carried out by third-party truck drivers, which allows better utilization of the digital unit. Excluding the grain operations, JSL Serviços Dedicados recorded growth of 4.3% versus 2Q25 and JSL Digital advanced 42.3% on the same comparison basis.
JSL also reported that its EBITDA margin (earnings before interest, taxes, depreciation, and amortization) remained in line with that of the first quarter of 2026, indicating sustained operating profitability levels. In the quarter, the company executed asset sales of R$ 92 mn and gross capex of R$ 69 mn, resulting in a contribution of R$ 23 mn to cash generation.
Regarding the capital structure, JSL reported that it reached its fifth consecutive quarter of deleveraging, as measured by the net debt/EBITDA ratio for the last 12 months, which went from 3.3x in 1Q25 to 2.7x in 2Q26, excluding the effects of provisions related to Sistema S.
