Simpar (SIMH3) reported adjusted net income from continuing operations of R$ 137 million in 3Q26 (R$ 137.0 million), versus 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. Reported net income was R$ 129.4 million, compared with 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% y/y, with a margin of 30.4%. Adjusted EBITDA was R$ 3,505.1 million, an increase of 16.1%. The company cites contract maturation, price adjustments and lower selling and administrative expenses, which fell 1.3 percentage points to 9.6% of services revenue.
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% y/y. Consolidated cash totaled R$ 14.5 billion, including R$ 1.4 billion in available, unused credit lines. In the quarter, the company raised R$ 4.6 billion, with an average term of 4.7 years and an average cost of CDI + 2.2% per year.
At the holding company, cash was R$ 3.9 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.
