Technos (TECN3) Q1 2026 earnings summary

Executive summary

• Net revenue reached R$91.2 million in 1Q26, up 5.3% year-over-year, driven by higher sales volume despite a slight decrease in average price.

• Gross profit increased 5.7% to R$48.9 million, with gross margin improving by 0.2 percentage points to 53.6%.

• Adjusted EBITDA rose 16.4% to R$14.0 million, marking the 23rd consecutive quarter of growth.

• Net income increased 44.6% to R$6.5 million.

• Maintained strong operational efficiency and a positive work environment, earning Great Place to Work certification for the fifth consecutive year.

Financial highlights

• Gross revenue grew 5.5% to R$107.3 million compared to 1Q25.

• Sales volume rose 6.9% to 521,300 units, while average price per unit declined 1.4% to R$206.

• Selling expenses increased 6.7% to R$28.6 million; administrative expenses rose 9.9% to R$11.7 million.

• Working capital requirements increased to R$324.8 million, up from R$278.0 million in 1Q25, with inventory up R$19.8 million.

• Net financial result improved to R$1.1 million from R$0.2 million, aided by higher Selic rates and increased accounts receivable.

Outlook and guidance

• Forward-looking statements indicate expectations of continued growth but highlight risks and uncertainties that may impact future results.

• Focus remains on value creation, disciplined capital allocation, and sustainable business expansion amid macroeconomic and geopolitical uncertainties.

• Anticipates continued impact from major events like the World Cup and presidential elections on seasonality and consumer trends.