Grupo Technos (TECN3) posted net income of R$ 25.3 mn in the third quarter of 2026 (3Q26), up 34.6% from the same period of 2025, when it totaled R$ 18.8 mn. Net revenue was R$ 120.9 mn, growth of 12.1%, driven by a 12.8% increase in the volume of watches sold, which reached 626 thousand units.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, with adjustments) reached R$ 27.8 mn, up 14.0% from R$ 24.4 mn in 3Q25. The Adjusted EBITDA margin was 23.0%, an increase of 0.4 percentage point. The company reached 25 consecutive quarters of growth in the indicator. Over the last 12 months, Adjusted EBITDA totaled R$ 122.3 mn, with a margin of 24.3%.
Gross profit rose 18.0% to R$ 69.7 mn, and the gross margin was 57.7%, up 2.9 percentage points. According to the company, the result reflects a more favorable exchange rate environment and product cost management. Selling and administrative expenses totaled R$ 45.7 mn, an increase of 12.0%, and the average price per watch was R$ 227, down 1.0%.
Technos ended the quarter with cash of R$ 37.6 mn and gross debt of R$ 37.0 mn, resulting in net cash of R$ 0.5 mn. During the quarter, it paid R$ 10.0 mn in dividends and allocated R$ 12.2 mn to the repurchase of 1,267,700 shares. Year to date in 2026, net income was R$ 99.3 mn, compared with R$ 42.4 mn in 2025.
The company approved the cancellation of 500,000 treasury shares, with no reduction in share capital, which is now divided into 59,676,215 common shares. It also ended the May 2025 buyback plan and approved a new program of up to 6,000,000 shares, with an 18-month term, through May 2028.
