Simpar (SIMH3) reported adjusted net income from continuing operations of R$ 137 million in 3Q26 (R$ 137.0 million), compared with an adjusted loss of R$ 128.6 million in 3Q25. According to the company, the result reflects operational improvement and capital allocation and does not include the closing of the sale of CS Porto Aratu. Accounting net income was R$ 129.4 million, versus a loss of R$ 238.5 million a year earlier.
Gross revenue totaled R$ 12.7 billion (R$ 12,747.1 million), up 4.6% from 3Q25. Net revenue was R$ 11.6 billion (R$ 11,559.8 million), an increase of 4.1%. Net services revenue reached R$ 9.5 billion, growth of 5.8%, with contributions from Movida, Vamos and JSL.
EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 3.5 billion (R$ 3,486.4 million), up 19.9% year over year, with a margin of 30.4%, versus 26.3% in 3Q25. Adjusted EBITDA was R$ 3,505.1 million, an increase of 16.1%. The company cites contract maturation, price recomposition and a reduction in selling and administrative expenses, which fell 1.3 percentage points to 9.6% of services revenue. EBIT (earnings before interest and taxes) was R$ 2,153 million, up 24%.
Net debt/EBITDA stood at 2.7x, versus 3.5x in 3Q25, the lowest level since the 2010 IPO. Net debt, excluding the bank BBC, was R$ 39.2 billion, down 5.4% year over year. Consolidated cash totaled R$ 14.5 billion, including R$ 1.4 billion in available, unused credit lines. During the quarter, there were fundraisings of R$ 4.6 billion, with an average term of 4.7 years and an average cost of CDI + 2.2% per year. Productive ROIC (return on invested capital) was 13.3% over the last 12 months, 2.8 p.p. above the average cost of debt.
At the holding company, cash was R$ 3.9 billion, net debt fell 54% year over year to R$ 1.5 billion, and Simpar repurchased R$ 723 million in debt through 3Q26, of which R$ 472 million in the quarter, equivalent to 72% of the R$ 1.0 billion target. The sale of CS Porto Aratu, announced in July for R$ 1.8 billion (enterprise value), is awaiting conditions precedent, and the R$ 650 million expected at closing has not yet been received. The company also announced the sale of 50% of BRT Sorocaba and the purchase of 50% of CS Mobi Leste SP, with net proceeds of R$ 65 million.
