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Rede D'Or São Luiz (RDOR3) investor relations material
Rede D'Or São Luiz Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record gross revenue of R$9.9 billion in Q2 2026, up 9.9% year-over-year, with strong growth in surgeries and oncology services.
Net income rose 9.7% year-over-year to R$1.2 billion, with EBITDA up 18.2% to R$2.9 billion and margin improvement.
SulAmérica portfolio saw record growth in dental and healthcare beneficiaries, with improved consolidated loss ratios and profitability.
Company recognized for sustainability and quality, with multiple international awards for hospital excellence.
Operations span hospital services, insurance, private pension, and asset management, with 76 hospitals and over 10,000 beds.
Financial highlights
Consolidated gross revenue for the group was R$16.0 billion in Q2 2026, up 5.9% year-over-year; six-month revenue at R$29.0 billion, up from R$26.9 billion year-over-year.
Oncology gross revenue in Q2 2026 was R$1.149 billion, up 22.3% year-over-year; six-month oncology revenue at R$2.2 billion, up 23%.
SulAmérica net revenue grew 6.9% year-over-year to R$8.7 billion, with EBITDA up 53.4% to R$612.1 million.
Gross profit rose 20.1% year-over-year to R$2.3 billion, with gross margin expanding by 2.3 percentage points.
Cash flow for the semester was R$5.4 billion, representing a 92.2% EBITDA conversion rate.
Outlook and guidance
Focus remains on operational efficiency, margin improvement, and sustainable growth across all segments, with over 20 expansion projects expected to deliver 2,690 new beds between 2026 and 2028.
Continued expansion in oncology and high-occupancy hospitals, with disciplined capital allocation for organic and inorganic growth.
No explicit forward-looking financial guidance provided; management emphasizes long-term value creation and sector sustainability.
- 2023 revenue reached R$50.0bn as cash conversion hit 107.5% and leverage fell to 2.3x.RDOR3
Q4 2023 - Revenue and EBITDA surged, with strong operational and insurance growth and solid cash flow.RDOR3
Q1 2026 - Record revenue, EBITDA, and net income growth, with strong expansion and digital gains.RDOR3
Q4 2025 - Record revenue and net income growth with strong expansion and improved leverage.RDOR3
Q3 2025 - Record revenue and net income, margin expansion, and strong operational growth in Q2 2025.RDOR3
Q2 2025 - Record revenue and profit growth in 3Q24, driven by expansion and operational efficiency.RDOR3
Q3 2024 - Record net income and revenue growth in Q2 2024, with strong margins and cash flow.RDOR3
Q2 2024 - Gross revenue rose 6.8% to R$14.1b, EBITDA up 22.1%, net income up 21.1%, and expansion continued.RDOR3
Q1 2025 - Record revenue and net income growth in 2024, driven by expansion and SulAmérica integration.RDOR3
Q4 2024
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