Cambuci (CAMB3) Q1 2026 earnings summary

Executive summary

• Net revenue grew 1.3% year-over-year to R$99.2 million in 1Q26, driven by a recovery in March sales and a favorable product mix.

• Gross margin improved to 51.1% from 49.3% in 1Q25, reflecting higher value-added products, despite cost pressures from rising oil prices.

• EBITDA reached R$20.5 million (margin 20.7%), down 12.4% year-over-year due to increased marketing, trade marketing, and freight expenses.

• Net income rose 3.1% to R$19.7 million, with a net margin of 19.9%, supported by recognition of deferred tax assets and improved investment returns.

• Operational cash generation was R$1.1 million, with a net cash position of R$56.3 million and a current liquidity ratio of 3.68x.

Financial highlights

• Net revenue: R$99.2 million (+1.3% YoY); gross profit: R$50.7 million (+5.0% YoY).

• Gross margin: 51.1% (+1.8 p.p. YoY); EBITDA: R$20.5 million (-12.4% YoY); EBITDA margin: 20.7% (-3.2 p.p. YoY).

• Net income: R$19.7 million (+3.1% YoY); net margin: 19.9% (+0.4 p.p. YoY).

• SG&A expenses increased 20.4% YoY, mainly due to higher marketing and consulting costs.

• Investments totaled R$4.1 million; R$6.0 million distributed as interest on equity (JCP).

Outlook and guidance

• Management expects a cautious outlook for the remainder of 2026, focusing on cash preservation, cost control, and operational efficiency amid economic and geopolitical uncertainties.

• The five-year growth plan, launched in late 2025, is under continuous review to adapt to changing scenarios.