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Brazilian companies report mixed third-quarter financial results
Several major Brazilian corporations have released their third-quarter 2026 financial results, revealing a diverse economic landscape. Smart Fit reported a 28% increase in net profit for the first nine months of the year, reaching 637.1 million reais, driven by an expansion in its gym network across 17 countries.
Vibra recorded a significant 504% surge in net profit, totaling 2.46 billion reais, attributed to a lower supply in fuel distribution and increased logistical capillarity. Similarly, PRIO reported a 468% increase in profit, reaching 521 million dollars, supported by higher operational scale and oil production.
In contrast, the real estate and construction sectors faced challenges. Tenda reported a 48.7% drop in net profit, with its shares falling sharply due to tightened mortgage credit and lower margins. Eztec also noted difficulties in sales velocity due to high interest rates affecting consumer purchasing power.
Other notable results include Suzano, which saw a 6% increase in net profit to 2.08 billion reais, and Allos, which reported a 151% jump in net profit to 273.6 million reais. Meanwhile, Dexco reported a net loss of 142 million reais following a period of restructuring and factory closures.
Entities
Axia Energia · Brazil · CBA · Companhia Brasileira de Alumínio · IE Garanhuns · IE Madeira · ISA Energia · ISA Energia Brasil · PRIO · Rui Chammas · Smart Fit · TOTVS
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Regulatory net revenue reached R$1.51 billion, a 41% increase over the same period in 2025.
- [● 2 SOURCES] The company acquired 100% of IE Madeira and sold its 51% stake in IE Garanhuns.
- [○ 1 SOURCE] The company's net debt reached R$17 billion at the end of September.
- [● 2 SOURCES] A non-recurring accounting gain of approximately R$1.27 billion was related to the reorganization of holdings in IE Madeira and IE Garanhuns.
- [● 3 SOURCES] Isa Energia reported a regulatory net profit of R$1.9 billion in the third quarter of 2026.
- [○ 1 SOURCE] The pro-forma EBITDA reached R$1.25 billion, a 41% increase.
- [● 3 SOURCES] Excluding the accounting effect, the pro-forma net profit was R$625 million.
- [● 2 SOURCES] The net profit represents a 246.3% increase compared to the third quarter of 2025.