São Paulo, Wednesday, August 5, 2026 – Valid (VLID3) reported net income of approximately R$ 38 million in the second quarter of 2026 (2Q26), with a net margin of 7.4%. In the period, consolidated net revenue totaled R$ 506 million, up 3% compared to 2Q25 and 13% versus 1Q26, driven mainly by 12% growth in the ID & Gov. Digital vertical.
EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 112 million in 2Q26, an increase of 22.3% compared to R$ 91.7 million a year earlier, with an EBITDA margin of 22%. According to the company, the improvement was explained by the performance of ID, by the recovery in Pay, which went from negative EBITDA of R$ 2.3 million in 2Q25 to R$ 8.7 million in 2Q26, and was partially offset by a 20.3% drop in Mobile EBITDA.
In the first half of 2026, net revenue reached R$ 952.6 million, down 3.9% year over year. First-half EBITDA totaled R$ 226.5 million, an increase of 15.5% compared to R$ 196.1 million in 6M25, while net income attributable to controlling shareholders was R$ 92 million, a decline of 27.8% versus the same period of the previous year.
Valid’s digital revenue reached R$ 123 million in 2Q26, growth of 8% over 2Q25 and 10% versus 1Q26, rising to represent 24% of consolidated revenue. New Businesses generated R$ 76 million in revenue and R$ 29 million in EBITDA in the quarter, with a recovery compared to 1Q26. The company ended June with net debt of R$ 38 million, equivalent to 0.1x EBITDA for the last 12 months, after debenture interest payments totaling about R$ 34 million in the quarter.
After the close of 2Q26, Valid completed the acquisition of Diazero Security, focused on cybersecurity for B2B clients, and HST, a software company for payments operating in Brazil and Latin America, strengthening its digital identity and security platform. On August 5, 2026, the board also approved the distribution of dividends of R$ 14.1 million, equivalent to R$ 0.18 per share, with a record date of August 12, 2026 and payment scheduled for August 31, 2026.
