Vivara (VIVA3) reported net income of R$ 156.7 mn in the second quarter of 2026 (2Q26), with a net margin of 18.8% on net revenue. In the same period, the company recorded net revenue of R$ 833.1 mn, an increase of 9.5% compared to 2Q25.
EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 205.4 mn in 2Q26, with a margin of 24.7%. On a comparable basis that adjusts for subsidy effects, General Manufacturing Expenses and the long-term incentive plan, EBITDA grew 7.5% versus 2Q25.
Gross profit totaled R$ 597.7 mn in the quarter, with a gross margin of 71.7%. In the first half of 2026, gross profit was R$ 1.0134 bn and the gross margin reached 70.9%, the highest for a first half according to the company.
In 2Q26, selling, general and administrative expenses totaled R$ 393 mn, equivalent to 47.2% of net revenue. Among the highlighted items are transfer freight between stores of R$ 2.4 mn in the quarter, a change in the criterion for provisioning labor contingencies of R$ 3.1 mn in the half-year, and long-term incentive plan expenses of R$ 1.4 mn.
Net debt pre-IFRS 16, including supply chain finance operations, closed 2Q26 at R$ 140.9 mn, a decrease of R$ 106.7 mn compared to 1Q26 and of R$ 186.7 mn year over year. Leverage, measured by net debt to adjusted EBITDA, stood at 0.2x at the end of June 2026.
