Rede Mater Dei de Saúde (MATD3) posted net income of R$ 52.5 mn in the third quarter of 2026 (3Q26), up 90.9% from 3Q25 and up 16.6% from 2Q26. Net margin reached 7.9%, an increase of 3.1 percentage points year over year. The company attributes the result to growth in EBITDA (earnings before interest, taxes, depreciation and amortization) and to lower financial expenses.
Net revenue totaled R$ 660.2 mn, up 16.3% from 3Q25 and up 7.6% from 2Q26, and gross revenue was R$ 739.5 mn (+16.0% versus 3Q25). The company reports record quarterly net revenue and EBITDA. The average ticket reached R$ 3.06 million per bed, up 14.6% from 3Q25.
Adjusted EBITDA was R$ 148.2 mn, an increase of 17.8% from 3Q25 and 7.0% from 2Q26. The EBITDA margin was 22.5%, versus 22.2% in 3Q25. Gross profit totaled R$ 209.1 mn (+22.2% from 3Q25), with a gross margin of 31.7%. The cost of services rendered represented 68.3% of net revenue, a decline of 1.6 percentage points compared to 3Q25.
Net financial result was negative R$ 41.7 mn, a 24.9% reduction in net expense versus 3Q25. The company cites the early redemption of R$ 200 million of its 3rd debenture issuance, the lower average Selic rate and the decline in the cost of debt.
Net debt closed the quarter at R$ 731 mn, a reduction of R$ 32.5 mn (4.3%) from 2Q26. The net debt/EBITDA ratio for the last 12 months stood at 1.4x, versus 1.8x in 3Q25 and 1.5x in 2Q26. In the first nine months of 2026, net income was R$ 130.0 mn (R$ 133.7 mn adjusted) and net revenue totaled R$ 1.8 bn, up 14.6%.
