Randoncorp (RAPT4) Q3 2026 earnings summary

Executive summary

• 3Q26 net revenue rose 3.5% YoY to R$3,549.5m; adjusted EBITDA fell 6.9% to R$450.0m and margin declined to 12.7% from 14.1%.

• 9M26 net revenue grew 0.5% to R$9,934.7m; parent-attributable net loss was R$118.8m, including a R$103.2m discontinued-operation loss.

• Lower financial expenses helped offset negative equity income and restructuring costs; 3Q26 net income was R$19.2m versus R$23.1m.

Financial highlights

• 3Q26 gross profit rose 7.9% to R$978.5m; gross margin expanded 113 bps to 27.6%, supported by efficiency and lower imported-input costs.

• 9M26 gross profit was R$2,745.4m versus R$2,559.2m; gross margin improved to 27.6% from 25.9%.

• 9M26 reported EBITDA increased 4.3% to R$1,255.4m, with a 12.6% margin versus 12.2%; adjusted EBITDA was R$1,266.7m, down 1.4%.

• 3Q26 financial result improved to -R$156.4m from -R$247.3m, reflecting higher investment income, lower debt service and improved FX variation.

• 3Q26 international revenue increased 8.1% YoY to US$210.5m; 9M26 international revenue was US$608.2m, up 5.9%.

Outlook and guidance

• FY26 guidance: net revenue R$12.5–14.0bn; international revenue US$780–840m; adjusted EBITDA margin 12–14%; organic investments R$380–420m.

• Strategic priorities include aftermarket growth, internationalization, OEM leadership, innovation and services, and expansion of product portfolios and customer relationships.

• Auto Parts expects stable activity and order backlog; Fenatran will shape 2027 negotiations, while 4Q seasonality includes OEM vacations and year-end holidays.

• OEM backlog is filled for 4Q26; Financial Solutions plans selective credit growth, expense discipline and gradual consortium expansion.