Log-In Logística Intermodal (LOGN3) posted a net loss of R$ 92.3 million in 3Q26, compared with a profit of R$ 19.2 million in 3Q25. The result was affected by lower gross profit, due to accounting adjustments in Road Freight Transportation (Tecmar), and by higher financial expenses. Net operating revenue totaled R$ 803.5 million, up 1.2% from R$ 794.3 million in 3Q25.
EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 46.3 million, down 69.0%. Adjusted EBITDA came in at R$ 64.3 million, a decrease of 58.5%, with a margin of 8.0%, versus 19.5% in 3Q25. Costs rose 13.2%, to R$ 702.6 million.
At Tecmar, the company recognized, with no cash effect, expected credit losses, a provision for freight damages and write-offs of advances, with a negative impact of R$ 71.9 million in the quarter. Without this adjustment, the division's EBITDA was negative R$ 3.7 million, versus negative R$ 2.4 million in 3Q25.
The Vila Velha Terminal (TVV) had revenue of R$ 128.9 million, up 35.7%, and EBITDA of R$ 59.8 million, an increase of 53.6%, with a margin of 46.4%. Container handling was 67.3 thousand, up 24.8%, with full operation of the Penedo Backup Area (Retroárea Penedo). Coastal Shipping had revenue of R$ 533.9 million, down 3.0%, and adjusted EBITDA of R$ 104.7 million, a decline of 5.9%.
On September 30, 2026, net debt was R$ 1,179.7 million and gross debt was R$ 1,466.8 million. The ratio of net debt to EBITDA for the last 12 months stood at 1.6x. In the nine-month cumulative period, profit was R$ 2.9 million, versus R$ 70.9 million in the same period of 2025.
Is LOGN3 worth investing in?
- Price
- R$ 22.84
- as of 11/10/2026
- Dividend yield
- 0.00 %
- P/L
- 17.86
- P/VPA
- 2.03
