Uniao Pet Participacoes (AUAU3) Q3 2026 earnings summary

Executive summary

• 3Q26 adjusted EBITDA reached a record R$209.1m, up 31.5% YoY, with a record 9.9% gross-revenue margin, up 1.9 p.p.

• Gross revenue rose 6.6% YoY to R$2.116bn, with growth driven primarily by volume.

• Integration and synergy capture were ahead of plan; savings supported gross-margin expansion and operating-expense dilution, with further gains expected.

Financial highlights

• 3Q26 gross revenue was R$2.116bn, up 6.6%; 9M26 revenue was R$6.245bn, up 8.0% on a pro forma comparison basis.

• Adjusted gross profit reached R$852.2m, up 8.5% YoY; adjusted gross margin was 40.3% of gross revenue, up 0.7 p.p., excluding CAT 42.

• Adjusted net income rose 31.1% YoY to R$96.1m; its margin was 4.5% of gross revenue, up 0.8 p.p.

• 9M26 adjusted EBITDA rose 25.5% to R$562.4m.

Outlook and guidance

• Synergy gains are expected to increase over the next two quarters as inventory bought under prior supplier terms turns over; management sees further room for margin expansion.

• Management entered 4Q26 and 2027 expecting continued integration progress and accelerating combination benefits; no numerical full-year guidance was stated.

• Assessment of IFRS 18 for 2027 is underway, including potential effects on income-statement presentation, cash-flow subtotals and management-defined performance disclosures.