Metalúrgica Riosulense (RSUL4) Q2 2026 earnings summary

Executive summary

• Net revenue for Q2 2026 was R$108.445 million, a slight decrease of 0.11% year-over-year, with internal sales down 0.71% and external sales up 4.86%.

• Consolidated net income for Q2 2026 was R$13.539 million, representing 12.48% of net revenue, down from R$15.139 million (13.94%) in Q2 2025.

• EBITDA for Q2 2026 was R$21.192 million, a decrease of 12.62% year-over-year, with EBITDA margin at 19.54% versus 22.34% in Q2 2025.

Financial highlights

• Total consolidated assets reached R$487.017 million as of June 30, 2026, up from R$453.482 million at year-end 2025.

• Net equity increased to R$300.899 million from R$274.006 million at December 2025.

• Operating cash flow was negative at R$-3.350 million for H1 2026, compared to positive R$20.103 million in H1 2025, mainly due to dividend payments and tax settlements.

• Investments in Q2 2026 totaled R$7.269 million, focused on plant upgrades, environmental certifications, and equipment.

Outlook and guidance

• Management notes that the reduction in operational performance did not significantly impact overall results, and external sales growth partially offset domestic declines.

• No significant subsequent events requiring disclosure were identified after the reporting period.