On Wednesday, August 12, 2026, Track & Field CO S.A. (TFCO4) released its results for the second quarter of 2026 (2Q26) and the first half of 2026 (1H26). Consolidated adjusted net income reached R$ 44.3 million in 2Q26, an increase of 8.2% compared to 2Q25, with an adjusted net margin of 15.8%. For the half-year, adjusted net income came to R$ 85.8 million, up 7.3% versus 1H25.
Consolidated net revenue reached R$ 279.7 million in 2Q26, a 15.5% increase compared to the same period in 2025, while in 1H26 it totaled R$ 530.9 million, growth of 16.7% year over year. Gross profit for the quarter was R$ 158.6 million, 14.4% higher than in 2Q25, with a gross margin of 56.7%, a decrease of 0.6 percentage point in the annual comparison.
Adjusted consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) came to R$ 65.6 million in 2Q26, an increase of 15.9% over 2Q25, with an adjusted EBITDA margin of 23.5%. In 1H26, accumulated adjusted EBITDA was R$ 127.2 million, growth of 14.3% compared to 1H25, with a margin of 24.0%, a reduction of 0.5 percentage point. Adjusted operating expenses accounted for 33.3% of net revenue in the quarter, a dilution of 0.6 percentage point versus the previous year.
Total sell-out reached R$ 493.4 million in 2Q26, growth of 20.7% compared to 2Q25, with a 15.9% increase in same-store sales (SSS). Sales captured through e-commerce totaled R$ 46.4 million in the quarter, up 15.6%, representing 9.4% of sell-out, while total sales captured through the digital channel in 1H26 were R$ 102.4 million, an increase of 22.3% in the annual comparison.
Operating cash generation in 2Q26 was R$ 47.8 million, growth of 96.2% compared to 2Q25. The company ended the quarter with net cash of R$ 50.3 million and net cash equivalents of R$ 144.6 million, 51.6% higher than in June 2025, maintaining a structure with no financial indebtedness.
