Dexxos Participações (DEXP3, DEXP4) posted net income of R$ 41.6 million in 3Q26, up 41.2% from 3Q25, when it totaled R$ 29.5 million. Net revenue was R$ 506.6 million, down 1.9% in the same comparison. Adjusted net income, which excludes non-recurring effects, was also R$ 41.6 million, up 38.2%, with a margin of 8.2%, an increase of 2.4 percentage points.
Gross profit reached R$ 82.3 million (+10.2%), with a margin of 16.2%, a gain of 1.8 percentage point. EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 59.9 million, up 14.2%. Adjusted EBITDA totaled R$ 49.5 million (-2.5%), with a margin of 9.8%. In the first nine months of 2026, net income was R$ 135.0 million (+11.6%) and net revenue totaled R$ 1,353.8 million (-21.2%). Adjusted EBITDA for the period was R$ 166.8 million (-19.3%).
In the chemical segment (GPC Química), 3Q26 net revenue was R$ 353.8 million and adjusted EBITDA was R$ 46.5 million (+8.1%). In the steel segment (Apolo), net revenue was R$ 152.8 million (-6.1%) and adjusted EBITDA was R$ 4.1 million (-56.1%), with margin compression due to greater market competitiveness.
Cash remained above debt: net cash reached R$ 81.7 million, R$ 69.5 million above 3Q25, when it was R$ 12.2 million. On October 29, the company announced an advance payment of dividends of R$ 60 million, in three installments in November and December 2026 and January 2027.
In October, management resumed studies for a possible proposal to convert all preferred shares into common shares. On October 15, the ANP (National Petroleum Agency) maintained GPC Química's authorization to distribute methanol. In August, GPC Química obtained the release of approximately R$ 57.0 million in a FINAME/BNDES credit line.
