Taurus (TASA3; TASA4) posted a net loss of R$ 4.0 mn in 3Q26, compared with a profit of R$ 31.5 mn in 3Q25. Net operating revenue totaled R$ 404.1 mn, up 26.2% year over year. The result was affected by lower contribution from other operating income, higher administrative expenses, the financial result and R$ 7.6 mn in income tax and social contribution, calculated individually at the subsidiaries that were profitable.
Gross profit was R$ 131.8 mn, up 32.2% over 3Q25, with a gross margin of 32.6%, versus 31.1% a year earlier. EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 29.8 mn, with a margin of 7.4%, versus R$ 49.8 mn and 15.6% in 3Q25. Operating profit before financial result and taxes was R$ 12.4 mn. The net financial result was negative R$ 8.7 mn.
Sales volume reached 293 thousand firearms, up 35.0% over 3Q25. In the United States, sales were 235 thousand firearms (+33.5%), in Brazil 23 thousand (+15.0%) and in exports to other countries 35 thousand (+66.7%). Revenue in the foreign market was R$ 312.1 mn and in the domestic market R$ 92.0 mn. Growth came even with a 5.7% drop in the average dollar exchange rate and a 37.5% import tariff on Brazilian products shipped to the US.
In 9M26, revenue was R$ 1,119.9 mn (+4.5%) and net income was R$ 56.8 mn, down 31.8% from R$ 83.3 mn in 9M25. EBITDA totaled R$ 134.6 mn, up 26.9%. In 2Q26, the result included R$ 91.1 mn in reimbursement of US tariffs.
Net debt ended September at R$ 398.7 mn, down R$ 173.3 mn (30.3%) since the end of 2025. The ratio of net debt to EBITDA for the last 12 months stood at 2.96x, versus 5.40x in December 2025. The total order backlog exceeds R$ 610 mn.
