Localiza Rent a Car (RENT3) Q2 2026 earnings summary

Executive summary

• Consolidated net revenue reached BRL 12.3 billion in Q2 2026, up 24.5% year-over-year, with strong growth across all business lines and disciplined capital allocation.

• Net income rose 30.6% to BRL 1.0 billion, reflecting commercial excellence and operational efficiency.

• EBITDA totaled BRL 3.8 billion, up 14.1% YoY, with margin expansion across all divisions.

• EBIT reached BRL 2.3 billion, a 15.1% YoY increase.

• ROIC annualized at 16.1%, with a 6.1 percentage point spread over after-tax cost of debt.

Financial highlights

• Car Rental net revenue grew 11.2% YoY to BRL 2.8 billion, driven by higher rental days and increased average daily rates.

• Fleet Rental net revenue rose 5.8% YoY to BRL 2.4 billion, with a return to growth in rental days and high utilization rates.

• Seminovos net revenue was BRL 7.2 billion, up 38.9% YoY, with 92,043 vehicles sold and higher average selling prices.

• End-of-period fleet in Brazil exceeded 670,000 vehicles, up 6.3% YoY.

• EBITDA margin on consolidated rental revenues reached 72.9% in Q2 2026.

Outlook and guidance

• Focus for H2 2026 is on continued net revenue growth in Car Rental and Fleet Rental, and expanding the retail share in Seminovos.

• Continued operational efficiency and technology adoption to enhance customer experience.

• Disciplined capital allocation and active debt management to reduce funding costs and extend debt duration.

• Ongoing monitoring of macroeconomic and automotive industry dynamics.