On Tuesday, August 11, 2026, Enjoei (ENJU3) released its results for the second quarter of 2026 (2Q26), reporting a consolidated loss of R$ 47.6 million, compared with a loss of R$ 8.1 million in 2Q25. In the period, consolidated net revenue totaled R$ 60.8 million, up 24.0% year over year, while the GMV (gross merchandise volume) of the Enjoei platform reached R$ 409.3 million, an increase of 25.4% on the same comparison basis.
In 2Q26, consolidated gross profit was R$ 30.3 million, an increase of 20.4% versus 2Q25, with a gross margin of 49.8%, a decrease of 1.5 percentage points. Excluding a one-off effect of R$ 1.2 million related to the discontinuation of Elo7, adjusted gross profit came to R$ 31.5 million, with an adjusted gross margin of 51.8%. Accounting EBITDA (earnings before interest, taxes, depreciation and amortization) was negative at R$ 26.0 million, but adjusted EBITDA was positive at R$ 1.6 million, compared with R$ 6.6 million in 2Q25.
The result for the period from discontinued operations, referring to the Elo7 platform, was a loss of R$ 19.5 million in 2Q26, compared with a loss of R$ 5.6 million in 2Q25. Considering only continuing operations, the loss for the period was R$ 28.1 million. In the same quarter, consolidated net financial result was positive at R$ 6.3 million, above the R$ 2.2 million recorded in 2Q25.
In the first six months of 2026 (6M26), consolidated net revenue totaled R$ 110.4 million, up 22.5% compared with 6M25, and gross profit reached R$ 55.6 million, growth of 19.1%, with a gross margin of 50.4%. In the half-year, consolidated loss was R$ 55.1 million, versus a loss of R$ 14.8 million in the same period of 2025, and adjusted EBITDA amounted to a negative R$ 0.5 million, compared with a positive R$ 9.7 million in 6M25.
The company ended 2Q26 with cash and cash equivalents of R$ 182.0 million, after total cash burn of R$ 8.0 million in the quarter, of which R$ 6.9 million was consumed by Elo7. Operating activities from continuing operations generated R$ 2.8 million in cash in the period, while investing cash flow consumed R$ 3.4 million and financing cash flow showed an outflow of R$ 0.6 million, mainly related to lease liabilities.
