Automob (AMOB3) posted a net loss of R$ 56.4 mn in 3Q26, compared with a net loss of R$ 166.6 mn in 3Q25. EBITDA (earnings before interest, taxes, depreciation and amortization) totaled R$ 139.3 mn, with a margin of 4.1%, versus R$ 38.6 mn in the same period of the prior year. The 3Q25 result included an impairment (a non-cash accounting loss) of R$ 105.4 mn on heavy vehicles.
Net revenue was R$ 3,431.9 mn, down 1.0% year over year, and gross revenue totaled R$ 3,653.6 mn (-0.8%), mainly due to lower revenue in Agro and Machinery. Gross profit rose 4.3% to R$ 521.7 mn, with a gross margin of 15.2% (+0.8 p.p.). Transacted gross revenue, a management metric that considers the full value of direct sales, reached R$ 5.0 bn, up 10.4%.
On an adjusted basis, EBITDA was R$ 146.3 mn (+1.6%), with a margin of 4.3%, and the adjusted net loss was R$ 52.1 mn, versus R$ 65.7 mn in 3Q25. The net financial result was negative R$ 158.7 mn. According to the company, Light Vehicles and Trucks and Buses generated net income of R$ 36 mn, while Agro and Machinery (loss of R$ 47.2 mn) and the holding company's financial expenses (R$ 40.8 mn) weighed on the result.
In operations, the company sold 28,631 light and heavy vehicles (+16.6%). That included 16,540 new vehicles (+16.8%), 9,215 used vehicles (+15.3%) and 2,423 trucks and buses (+35.1%, versus a 9.1% increase in the market). The gross margin of Agro and Machinery rose to 16.5% (+7.9 p.p. on a comparable basis).
Gross debt closed at R$ 2,495.4 mn and net debt at R$ 1,952.8 mn, with leverage (net debt/adjusted EBITDA) of 3.5x, versus 3.7x a year earlier. Transactions totaling R$ 1.2 bn extended the average debt maturity from 2.5 to 2.9 years, with no increase in cost. Cash stands at R$ 542.6 mn, and inventory paid to automakers fell by R$ 165 mn to R$ 842 mn.
