Dexxos Participações (DEXP3, DEXP4) posted net income of R$ 41.6 mn in 3Q26, up 41.2% from 3Q25, when it totaled R$ 29.5 mn. Net revenue was R$ 506.6 mn, down 1.9% in the same comparison. Adjusted net income, which excludes non-recurring effects, was also R$ 41.6 mn, up 38.2%, with a margin of 8.2%.
Gross profit reached R$ 82.3 mn (+10.2%), with a margin of 16.2%, a gain of 1.8 percentage points. EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 59.9 mn, up 14.2%. Adjusted EBITDA totaled R$ 49.5 mn (-2.5%), with a margin of 9.8%. In the first nine months of 2026, net income was R$ 135.0 mn (+11.6%) and net revenue totaled R$ 1,353.8 mn (-21.2%).
In the chemicals segment (GPC Química), 3Q26 net revenue was R$ 353.8 mn and adjusted EBITDA was R$ 46.5 mn (+8.1%). In the steel segment (Apolo), net revenue was R$ 152.8 mn (-6.1%) and adjusted EBITDA was R$ 4.1 mn (-56.1%), with margin compression due to greater market competitiveness.
Cash remained above debt: net cash reached R$ 81.7 mn, R$ 69.5 mn higher than in 3Q25. On October 29, the company announced an advance payment of dividends of R$ 60 mn, 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 about R$ 57.0 mn from a FINAME/BNDES credit line.
