Trisul (TRIS3) Posts Net Income of R$ 45.9 Million in 3Q26

Gross profit reached R$ 102.1 million, down 4.2% year over year, with a gross margin of 30.2%, up 1.6 percentage points from 3Q25. EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 54.2 million, and adjusted EBITDA totaled R$ 67.1 million, with a margin of 19.8%. In the 9M26 cumulative period, net revenue was R$ 1.05 billion, up 12.1%, and net income was R$ 119.1 million, down 19.4%.

Operating cash generation was R$ 134.8 million in the quarter and R$ 349 million in 9M26. Net debt ended September at R$ 319.8 million, and the net debt/shareholders' equity ratio fell to 20.3%, compared with 29.6% a year earlier. The company paid down a net R$ 98.2 million in debt during the period, mainly SFH (Housing Finance System) financing.

Launches totaled R$ 638 million in PSV (Potential Sales Value, Trisul's share) in 3Q26, with four projects and 1,257 units. Net sales were R$ 413.1 million, up 0.9% from 3Q25. Revenue to be recognized reached R$ 1.39 billion, up 35.2% in one year, with a gross margin to be recognized of 37.0%. The land bank totals R$ 6.5 billion in PSV, with 64% allocated to the Minha Casa Minha Vida program.

After the end of the quarter, Trisul issued a R$ 100 million commercial note with Caixa Econômica Federal under the Eco Invest Brasil Program. The term is 5 years, with remuneration of CDI + 0.35% per year.