Vittia (VITT3) posted net income of R$ 34.0 mn in 3Q26, down 13.7% from 3Q25. Adjusted net income was R$ 39.2 mn, with a margin of 13.9%, reversing the adjusted loss of R$ 23.3 mn accumulated in the first half of 2026. Net revenue totaled R$ 281.7 mn, a 13.3% decrease from 3Q25, in an environment of growers with narrower margins, high financial costs and more selective credit.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 68.3 mn in the quarter, with a margin of 24.2%, versus R$ 83.5 mn and 25.7% in 3Q25. Gross profit was R$ 93.2 mn, down 11.0%, and gross margin rose 0.9 percentage point, to 33.1%. In 9M26, net revenue was R$ 517.7 mn (-7.9%), net income was R$ 9.6 mn (-40.8%) and adjusted EBITDA was R$ 50.8 mn, with a margin of 9.8%.
By segment, soil fertilizer revenue fell 30.1% in 3Q26, to R$ 74.3 mn. Foliar fertilizers and industrial products totaled R$ 104.3 mn (-5.1%), and biological and natural solutions, R$ 103.2 mn (-5.2%). Adjusted SG&A (selling, general and administrative expenses) for 9M26 was R$ 132.1 mn, a nominal increase of 2.5%.
Gross debt reached R$ 201.2 mn and net debt R$ 136.0 mn, with leverage of 1.41x adjusted EBITDA for the last 12 months. Cash was R$ 65.2 mn on September 30, 2026. In 9M26, Vittia distributed R$ 44.7 mn to shareholders: R$ 19.3 mn in share buybacks and R$ 25.5 mn in JCP (Interest on Equity).
The company launched four products in 2026: Guardium WP, RizoForte, Aeron-N and Fillus. It invested R$ 18.5 mn in research and development in 9M26, down 8.7%, equivalent to 3.6% of net revenue. Investment in property, plant and equipment and intangibles was R$ 22.6 mn in the period.
Is VITT3 worth investing in?
- Price
- R$ 2.65
- as of 11/10/2026
- Dividend yield
- 5.86 %
- P/L
- 6.40
- P/VPA
- 0.69
