Localiza (RENT3, RENT4) posted net income of R$ 1.1 billion in 3Q26 (R$ 1,125 million), up 29.1% from adjusted 3Q25 net income of R$ 871 million. 3Q25 was adjusted for the effects of the reduction of the IPI Verde (tax on industrialized products), of R$ 613 million in net income. Consolidated net revenue totaled R$ 12.3 billion (R$ 12,278 million), growth of 14.4% year over year.
EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 4.0 billion (R$ 4,029 million), up 13.7% from adjusted 3Q25. EBIT (earnings before interest and taxes) reached R$ 2,516 million, an increase of 11.3%. The ROIC spread (return on invested capital minus the after-tax cost of debt) was 6.4 p.p. in 9M26.
In Car Rental, net revenue totaled R$ 3,025 million, up 16.5%, with a 10.6% increase in the volume of rental days and a 5.2% increase in the average daily rate, which reached R$ 157.9. The utilization rate was 82.4% and EBITDA was R$ 2,031 million, with a margin of 67.1%. The average age of the operating fleet fell to 7.8 months, versus 10.7 months in 3Q25.
In Fleet Management, net revenue was R$ 2,428 million, up 6.8%, with EBITDA of R$ 1,911 million and a margin of 78.7%. In Used Cars, consolidated revenue was R$ 6,772 million, up 16.0%, with an EBITDA margin of 1.6%. The company sold 87,850 cars in Brazil.
Net debt was R$ 33.1 billion (R$ 33,063 million) on September 30, 2026, up 6.5% from the end of 2025. About R$ 24.7 billion is hedged by swaps with an average fixed rate of 12.6% per year plus spread, and R$ 8.3 billion remains exposed to the CDI. During the quarter, the Board approved JCP (Interest on Equity) of R$ 614.9 million, or R$ 0.556580 per share, with shareholder record date of September 25, 2026 and payment on November 18, 2026.
