SIMPAR (SIMH3) Q2 2026 earnings summary

Executive summary

• Celebrated 70 years of operations, emphasizing 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.

• Monetized non-listed assets, adding R$6.9 billion to capital structure since Dec/25, 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 in 2Q26, up 9.5% year-over-year.

• Net revenue for 2Q26 was R$11.16 billion, with services revenue up 14% compared to 2Q25.

• Adjusted EBITDA was R$3.4 billion (30.1% margin), up 16% year-over-year.

• Adjusted net income from continuing operations was R$52.2 million, reversing a loss of R$41.7 million in 2Q25.

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

Outlook and guidance

• Expectation of continued organic growth as contract decommissioning normalizes, especially for JSL.

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

• MOVIDA issued 3Q26 Net Income guidance of R$130–150 million, continuing +100% YoY growth.

• Focus remains on deleveraging, operational efficiency, and extracting value from existing assets.

• No plans to go private; commitment to transparency and long-term listing.