Grupo Technos (TECN3) reported net income of R$ 67.5 million in the second quarter of 2026 (2Q26), an increase of 253.7% compared to the same period in 2025. Net revenue totaled R$ 129.0 million, up 5.8% year over year, while adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, with adjustments described by the company) reached R$ 37.3 million, an increase of 16.0% over 2Q25.
In the quarter, gross profit was R$ 73.7 million, an increase of 8.4% compared to 2Q25, with a gross margin of 57.1%. Selling and administrative expenses totaled R$ 42.6 million, growth of 7.9% versus the same period of the previous year, rising to 33.0% of net revenue. The number of watches sold reached 679,000 units, 11.4% above 2Q25, with an average price of R$ 223 per watch, a decline of 4.8%.
According to the company, the 2Q26 bottom line was impacted by non-recurring effects related to the write-off of previously provisioned inventories, which totaled R$ 38.9 million. Of this amount, R$ 32.4 million refers to the net reversal of provisions for taxes and social contributions and R$ 6.5 million to the reversal of current IRPJ and CSLL provisions. These effects are accounting-only, with no cash inflow, and part of them (R$ 27.7 million) was excluded from the adjusted EBITDA calculation.
At the end of the second quarter of 2026, Grupo Technos had cash of R$ 27.2 million and gross debt of R$ 40.6 million, resulting in net debt of R$ 13.4 million, a reduction of R$ 3.7 million compared to the first quarter of 2026. In the period, the company repurchased shares in the amount of R$ 7.3 million, equivalent to 832,000 shares, and approved the cancellation of 730,000 treasury shares, bringing its share capital to 60,176,215 common shares.
In the last twelve months through 2Q26, accumulated adjusted EBITDA was R$ 118.8 million, with a margin of 24.3%, a level described by the company as the highest in its history for this metric.
