On Friday, August 14, 2026, Azevedo & Travassos (AZEV3, AZEV4) reported net income of R$ 1.3 million in the second quarter of 2026 (2Q26), up 38.7% compared to 1Q26. In the same period, the company recorded EBIT (earnings before interest, taxes, depreciation and amortization) of R$ 11.4 million, with a margin of 6.2%.
In 2Q26, gross revenue reached R$ 200.0 million, growth of 23.2% versus 1Q26 and 127.5% compared to 2Q25, bringing gross revenue for the first half to approximately R$ 363 million. Net revenue totaled R$ 182.9 million, an increase of 22.9% over the previous quarter and 131.7% year over year; in six months, net revenue practically matched the entire volume for 2025.
Gross profit came to R$ 25.1 million in 2Q26, reversing the gross loss of 2Q25, with a gross margin of 13.7%. In the first half of 2026, accumulated gross profit was R$ 52.3 million, with an average gross margin of approximately 16.0%. According to the company, contracted margins in the backlog remain above 14%.
EBIT totaled R$ 25.4 million in the first half of 2026, despite general and administrative expenses being pressured by non-recurring items such as bonuses, legal expenses, and costs related to the renegotiation of historical liabilities. The improvement in financial results, with lower financial expenses after optimization of the capital structure and renegotiation of liabilities, contributed to the growth in net income for the period.
The contract portfolio (backlog) reached R$ 3.6 billion at the end of 2Q26, up 32.0% compared to 2Q25, equivalent to about twenty times the quarter’s net revenue and with average physical progress of approximately 33% on projects with disclosed percentages. The pipeline (list of opportunities at the budgeting or proposal stage) reached R$ 36.8 billion, growth of 34.2% over the previous quarter and 14.4% year over year.
