In its second-quarter 2026 earnings release, published on Monday, August 3, 2026, Tegma Gestão Logística (TGMA3) reported net income of R$ 83.1 million, up 23.8% compared to 2Q25, with a net margin of 11.2%. In the same period, net revenue totaled R$ 740.1 million, an increase of 36.9% year over year, driven mainly by higher volume of vehicles transported and longer average distance in the automotive logistics division.
The 2Q26 net income was impacted by an indemnity related to former subsidiary Direct Express, in the amount of R$ 7.2 million (R$ 4.8 million net of income tax), by lower equity income, by the reversal of net financial result from positive to negative due to higher leverage, and by an increase in the effective IR and CSLL tax rate, which reached 29.7%. In 2Q25, the company had reported net income of R$ 67.1 million, with a net margin of 12.4%.
Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 131.3 million in 2Q26, an increase of 38.7% over the same quarter of 2025. Adjusted for the indemnity from the former subsidiary, EBITDA came to R$ 138.5 million, up 46.3% year over year, with an adjusted EBITDA margin of 18.7%, 1.2 percentage points higher than in 2Q25. Gross profit totaled R$ 152.6 million, an increase of 37%, with a stable gross margin of 20.6%.
In the first half, Tegma reported net revenue of R$ 1.261 billion, up 28.6% compared to the first half of 2025, and net income of R$ 121.9 million, 10% higher than in the same period of the previous year. Adjusted EBITDA for the half-year totaled R$ 212.8 million, with a margin of 16.9%, slightly above the 16.7% recorded a year earlier. In June 2026, the company had net cash of R$ 56 million, with gross debt of R$ 141 million and a cash position of R$ 196.9 million, and a return on invested capital of 31.8% over the last 12 months.
The company also approved the distribution of R$ 75 million in interim proceeds for the first half of 2026, consisting of R$ 56 million in dividends and R$ 19 million in JCP (interest on equity), equivalent to R$ 1.14 per share and 62% of the half-year net income. Payment is scheduled for August 18, 2026, to shareholders of record on August 6, 2026, with the shares trading “ex-dividends and JCP” as of August 7, 2026.
