Kepler Weber (KEPL3) reported net income of R$ 6.3 million in the second quarter of 2026 (2Q26), with a net margin of 2.1%, a decrease of 2.5 percentage points compared to 2Q25. In the period, net operating revenue totaled R$ 299.1 million, down 3.9% year over year, mainly impacted by the lower level of activity and the mix of projects recognized, especially in the Farms segment.
In the first half of 2026, the company recorded net income of R$ 23.4 million, with a margin of 3.8%, a contraction of 2.2 percentage points versus the same period in 2025, while net revenue reached R$ 617.1 million, a decline of 7.7%. EBITDA (earnings before interest, taxes, depreciation and amortization) came to R$ 25.9 million in 2Q26, a drop of 31.7% compared to 2Q25, with an EBITDA margin of 8.7%; in 6M26, EBITDA was R$ 59.6 million, down 34.4%.
The company closed June 2026 with cash and equivalents of R$ 354.2 million and a positive net cash position of R$ 29.3 million, versus R$ 1.3 million in December 2025. Total indebtedness amounted to R$ 325.0 million, with a reduction in the average cost of debt from 16.83% in 1Q26 to 15.77% in 2Q26, following renewals and new funding under more competitive conditions.
By segment, net revenue from Farms fell 13.2% in 2Q26, to R$ 83.1 million, while Agro-Industries rose 17.9%, to R$ 126.5 million. International Business generated revenue of R$ 16.6 million, down 46.3% quarter over quarter, Ports and Terminals R$ 7.3 million (-50.1%) and Parts and Services R$ 65.6 million (+5.0%). In the half-year period, Agro-Industries, International Business, Ports and Terminals, and Parts and Services came to account for 72% of net revenue, compared to 66% in the first half of 2025.
Regarding shareholder remuneration, Kepler Weber reported that, up to the date of this release, on Wednesday, August 12, 2026, there had been no distribution of dividends or Interest on Equity (JCP – Juros sobre Capital Próprio), due to the R$ 50 million advance in distributions made in December 2025, prompted by changes in the dividend taxation regime starting in 2026.
