Estapar (ALPK3) posted net income of R$ 16.7 mn in the third quarter of 2026 (3Q26), up 114.0% from 3Q25, when the result was R$ 7.8 mn. Over the last 12 months, accumulated net income totals R$ 32.9 mn. In the first nine months of 2026, profit is R$ 30.2 mn.
Net revenue reached R$ 548.9 mn in 3Q26, an all-time high for the company and up 12.9% from 3Q25. The company attributes the performance mainly to portfolio expansion, with a net addition of 61 operations compared with September 2025. The Leased and Managed segment totaled R$ 284.8 mn, and the Long-Term Contracts segment grew 20.3%.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, with accounting adjustments for leases and concessions) was R$ 109.9 mn, up 13.6%, with a margin of 20.0%. Adjusted EBIT (operating income before interest and taxes, with the same adjustments) totaled R$ 60.7 mn, up 14.5%. Adjusted cash gross profit was R$ 149.5 mn, with a margin of 27.2%.
Net debt closed September at R$ 754.4 mn, a reduction of R$ 34.6 mn from June 2026. The average cost of debt was CDI + 1.27%, 35 bps (basis points) below 3Q25. Investments totaled R$ 61.3 mn, versus R$ 47.3 mn in 3Q25.
Operationally, Estapar opened 26 operations in the quarter and reached 865 operations, with 565.4 thousand parking spaces, in 119 cities across 22 states. Churn (loss of operations relative to cash gross profit) was 0.45%. Revenue from the Zul+ app was R$ 10.4 mn, up 35.9%, and revenue from Zletric, its e-mobility business, totaled R$ 3.6 mn, up 74.9%.
