SIMPAR (SIMH3) Q2 2026 earnings summary

Executive summary

• Celebrated 70 years of operations, highlighting transformation, resilience, and a focus on sustainable, diversified businesses.

• Achieved strong organic growth with Net Revenue from Services up 14% year-over-year to R$9.5 billion in 2Q26, driven by MOVIDA, AUTOMOB, JSL, and VAMOS.

• Adjusted EBITDA rose 16% year-over-year to R$3.4 billion, with margin up 2.0 p.p. to 30.1%.

• Productive ROIC reached 14.0%, 1.9 p.p. above cost of debt, and leverage reduced to 2.8x, the lowest since the 2010 IPO.

• R$6.9 billion increase in capital structure over 12 months, including R$3.9 billion from monetizations and R$3.0 billion from private capital increases.

Financial highlights

• Gross revenue reached R$12.4 billion (+9.5% YoY); Net revenue for 2Q26 was R$11.16 billion, with services revenue up 14% YoY.

• Adjusted EBITDA was R$3.4 billion (+16% YoY), margin 30.1% (+2.0 p.p. YoY).

• Adjusted net income from continuing operations was R$52.2 million, reversing a loss from the prior year.

• Net debt/EBITDA reduced to 2.8x, with net debt (ex-BBC) at R$38.9 billion, down 8% YoY.

• Free cash flow after growth was R$380 million (+60.4% YoY).

Outlook and guidance

• Expect continued organic growth as contract decommissioning at JSL normalizes over the next 2-3 quarters.

• VAMOS reaffirmed 2026 guidance: EBITDA between R$3.75–4.0 billion.

• Group remains focused on disciplined capital allocation, operational efficiency, and sustainable value creation.