Simpar (SIMH3) reported in the second quarter of 2026 adjusted net income from continuing operations of R$ 52.2 million, reversing an adjusted loss of R$ 41.7 million in 2Q25. In the period, net service revenue totaled R$ 9.5 billion, up 14.4% year over year, and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 3.36 billion, an increase of 15.7% year over year.
Simpar’s consolidated gross revenue reached R$ 12.4 billion in 2Q26, an increase of 9.5% over the same quarter of 2025, while net revenue totaled R$ 11.25 billion, up 8.8% on the same basis of comparison. Net revenue from asset sales came to R$ 1.67 billion, a 17.6% decline year over year, mainly reflecting lower sales volume at Movida, in line with the focus on meeting demand in the car rental segment.
The growth in service revenue was driven mainly by Movida, with a 21% year-over-year increase, Automob, up 13%, JSL, up 6%, and Vamos, up 10% versus 2Q25. Adjusted EBITDA margin on net revenue excluding construction rose 2.0 percentage points in 12 months, to 30.1% in the quarter.
Simpar’s consolidated net debt, excluding BBC, closed 2Q26 at R$ 38.94 billion, a 7.9% reduction compared with 2Q25, and leverage, measured by net debt to EBITDA on bond covenant basis, was 2.8x, the lowest level since the 2010 IPO (3.6x in 2Q25). Since December 2025, there has been a R$ 6.9 billion increase in the group’s capital structure, combining R$ 3.9 billion in enterprise value from the monetizations of Ciclus Rio, Ciclus Amazônia and CS Porto Aratu and R$ 3.0 billion in private capital increases at Simpar, Movida and Vamos.
In the quarter, consolidated net capex was R$ 3.09 billion, up 65.5% year over year, driven by the renewal and expansion of Movida’s car rental fleet for the third-quarter seasonality period. Free cash flow after growth capex and before interest totaled R$ 380.0 million in 2Q26, an increase of 60.4% versus 2Q25, supported by working capital improvement and inventory reduction.
