Priner (PRNR3) posts net income of R$ 3.2 million in 3Q26

Net revenue totaled R$ 506.9 million, up 41.1% from 3Q25 and 9.6% from 2Q26. Mining accounted for R$ 254.9 million, half of the total, up 128.6% from 3Q25, following the acquisition of SEMEP in 4Q25. Oil and Gas had revenue of R$ 169.0 million, down 3.5% year over year.

EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 79.7 million, up 87.3% from 3Q25, with a margin of 15.7%. Gross profit reached R$ 93.8 million, with a margin of 18.5%. Operating income was R$ 44.6 million (R$ 50.4 million adjusted, with a margin of 9.9%). General and administrative expenses were R$ 49.6 million, compared with R$ 50.1 million a year earlier.

Net debt ended September at R$ 739.5 million, stable compared with June, and the net debt/EBITDA ratio for the last 12 months stood at 2.28x, versus 1.77x in 3Q25. Investment (CAPEX) totaled R$ 69.2 million in the quarter and R$ 142.5 million in the nine months. Adjusted ROIC (return on invested capital) was 13.6%, versus 16.6% in 3Q25. The company attributes the performance to 3Q26 having been the period of most frequent rainfall since 2015, which affected mining operations.

Priner closed R$ 1.77 billion in new contracts in the quarter. The company said its mining fleet will be fully operational from the first week of December, that it does not expect significant equipment purchases in 2027, and that cash generation will be directed toward reducing debt.