Unifique Telecomunicações (FIQE3) Q1 2026 earnings summary

Executive summary

• Achieved strong operational efficiency and disciplined cost management, with adjusted EBITDA margin at 51.9% in Q1 2026, up 2.3 p.p. year-over-year.

• Gross revenue grew 17.2% year-over-year to BRL 393.6 million in Q1 2026.

• Net income increased 40.8% year-over-year to BRL 52.1 million, with net margin rising to 15.8%.

• Continued expansion in mobile services and infrastructure, with mobile accesses reaching 288,004 and 86% of mobile lines bundled with broadband.

• Maintained a solid capital structure and improved churn rates in fiber broadband.

Financial highlights

• Adjusted EBITDA reached BRL 170.6 million, up 27.7% year-over-year, with a margin of 51.9%.

• Gross profit for Q1 2026 was BRL 164.5 million, up 19% year-over-year.

• Net profit grew 40.8% year-over-year to BRL 52.1 million.

• Paid BRL 27.5 million in dividends during the quarter.

• Free cash flow was BRL 34.1 million (+23.1% YoY); CAPEX was BRL 87.0 million (+51.0% YoY).

Outlook and guidance

• Mobile segment expected to stop detracting from profitability by year-end 2026, with margins targeted to remain above 50%.

• Investments in mobile network and technology upgrades to continue through at least 2029, with stable margins anticipated.

• Revenue targets for mobile: BRL 60 million in 2026 and BRL 300 million in 2027.

• Investment commitments for radio base station deployment in new regions through 2030.

• Focus on sustainable growth, customer base quality, and operational efficiency.