Priner (PRNR3) posted net income of R$ 3.2 mn in 3Q26, up 6.1% from 3Q25 (R$ 3.1 mn) and a reversal of the R$ 1.0 mn loss in 2Q26. Adjusted net income, which excludes amortization of intangibles, was R$ 9.0 mn, down 2.6% year over year. Net financial expenses of R$ 37.0 mn consumed 83% of operating income.
Net revenue totaled R$ 506.9 mn, up 41.1% from 3Q25, 9.6% from 2Q26 (R$ 462.6 mn) and 20.3% from 1Q26 (R$ 421.2 mn). Mining accounted for R$ 254.9 mn, 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 mn, down 3.5% year over year.
EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 79.7 mn, up 87.3% from 3Q25, with a margin of 15.7%. Gross profit reached R$ 93.8 mn, with a margin of 18.5%. The company says the gross margin has not yet recovered and remains pressured by external factors. Operating income was R$ 44.6 mn (R$ 50.4 mn adjusted, with a margin of 9.9% and up 67.2% from 3Q25). General and administrative expenses came to R$ 49.6 mn, versus R$ 50.1 mn a year earlier.
Net debt ended September at R$ 739.5 mn, stable compared with June (R$ 745.6 mn), and the net debt/EBITDA ratio for the last 12 months was 2.28x, versus 1.77x in 3Q25. Investment (CAPEX) totaled R$ 69.2 mn in the quarter and R$ 142.5 mn 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 with the most frequent rainfall since 2015, which affected mining operations.
Priner closed R$ 1.77 bn 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. It also expects to fully roll over its short-term debt in early 2027.
Is PRNR3 worth investing in?
- Price
- R$ 13.58
- as of 11/11/2026
- Dividend yield
- 0.00 %
- P/L
- 17.65
- P/VPA
- 1.62
