Schulz (SHUL4) Q1 2026 earnings summary

Executive summary

• Net revenue for 1Q26 was R$448.0 million, down 9% year-over-year, mainly due to weaker domestic truck and agricultural markets.

• Net income reached R$55.6 million, a 22% decrease from 1Q25, with a net margin of 12%.

• EBITDA was R$62.8 million, down 26% year-over-year, with a margin of 14%.

• Investments totaled R$21.9 million, focused on modernization, new products, and technological initiatives.

• The company maintained a net cash position of R$135 million, even after dividend and investment outflows.

Financial highlights

• Gross profit was R$96.3 million, a 24% decrease year-over-year, with gross margin dropping from 26% to 21%.

• Operating profit was R$36.2 million, down 46% from 1Q25, with operating margin at 8%.

• Financial result improved to R$15.6 million, up 89% year-over-year, driven by higher financial income and lower expenses.

• Cash flow from operations was R$29.4 million, a 4.2% decrease from 1Q25.

• Net equity increased 2% to R$1.53 billion.

Outlook and guidance

• Management expects 2026 to remain challenging due to macroeconomic factors but sees opportunities for growth in new business and innovation.

• The company is monitoring the impacts of tax reform and adapting systems for regulatory changes.