On Tuesday, August 11, 2026, Armac (ARML3) reported net income of R$ 7.686 million in the second quarter of 2026 (2Q26), compared to a net loss of R$ 6.716 million in 2Q25. In the period, gross operating revenue totaled R$ 586.157 million, an increase of 19.3% compared to the same quarter of the previous year, while consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 218.2 million, up 54.5% on the same comparison.
Net operating revenue reached R$ 545.813 million in 2Q26, an increase of 20.9% in 12 months. Gross profit came to R$ 170.091 million, with a margin of 31.2%, versus 32.7% in 2Q25. Operating income totaled R$ 123.757 million, 50.8% higher than a year earlier.
The Rental & Services segment recorded net revenue of R$ 400.7 million in 2Q26, an 8.3% increase compared to 2Q25, and EBITDA of R$ 217.0 million, up 37.1% in the period, with a margin of 54.2%. Revenue from asset sales totaled R$ 145.2 million, growth of 93.8% in 12 months, generating EBITDA of R$ 1.1 million and a margin close to zero, in line with the company’s role of capital recycling.
Net debt closed 2Q26 at R$ 2,200.6 million, an increase of 22.7% compared to 2Q25, which resulted in leverage of 2.50 times the Net Debt/EBITDA¹ ratio for the last 12 months. Considering zeroed supply chain finance risk and receivables anticipation of R$ 108.8 million, expanded net debt came to R$ 2,309.4 million, equivalent to 2.62 times EBITDA for the last 12 months.
The annualized consolidated return on invested capital (ROIC) ended 2Q26 at 14.0%, slightly above the 13.8% in 2Q25. Adjusted ROIC, which excludes decommissioned assets from the invested capital base, reached 17.3% in the quarter, also higher than the 15.3% recorded a year earlier.
