Grupo Vamos (VAMO3) reported adjusted net income of R$ 150.9 million in the third quarter of 2026 (3Q26), up 199.1% versus 3Q25 and 49.3% higher than 2Q26. In the period, consolidated net revenue came to R$ 1,594.2 million, an increase of 4.3% year over year.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 1,035.5 million in 3Q26, growth of 15.7% over the same quarter of 2025 and 6.6% compared to 2Q26, with an adjusted EBITDA margin of 65.0%. Adjusted EBIT was R$ 691.3 million, up 11.2% on an annual basis, with a margin of 43.4%.
In the first nine months of 2026, Vamos posted adjusted net income of R$ 338.6 million, an increase of 40.4% compared to 9M25. Net revenue for 2026 year to date reached R$ 4,778.8 million, an increase of 11.8% in the same comparison, while adjusted EBITDA totaled R$ 2,958.4 million, growth of 11.1%.
Net debt closed September 2026 at R$ 11,723.1 million, a 2.0% decrease versus September 2025 and a 1.4% increase compared to June 2026. Leverage, measured by the net debt/EBITDA ratio for the last 12 months, stood at 2.93x in 3Q26, below 3.27x a year earlier and 3.00x in the previous quarter.
Among other operating metrics, contracted capex totaled R$ 1,179.9 million in 3Q26, 42.1% above 3Q25, while deployed capex came to R$ 965.0 million, an increase of 9.2% on the same basis. The rental fleet comprised 51,751 assets at the end of September 2026, a slight decrease of 0.6% in 12 months, and return on invested capital (ROIC) was 13.7% over the last 12 months, compared to 14.2% a year earlier.
