Unifique Telecomunicações (FIQE3) Q2 2026 earnings summary

Executive summary

• Achieved strong operational and financial growth in Q2 2026, with net revenue reaching BRL 344.7 million, up 20.46% year-over-year, and significant expansion in broadband and mobile segments.

• Expanded broadband and mobile coverage to 3.9 million homes passed and 909,352 broadband customers, with mobile accesses reaching 337,732 and mobile revenue up 148.3% year-over-year.

• Strengthened leadership in Santa Catarina, expanded into Rio Grande do Sul and Paraná, and continued entry into São Paulo, supported by acquisitions such as iSUPER Telecom and G9 Telecom.

• Diversified services beyond connectivity, including security, telemedicine, IT, and value-added solutions, with bundled offerings supporting ARPU and reducing churn.

• Celebrated five years as a listed company, highlighting transformation, geographic expansion, and governance improvements.

Financial highlights

• Gross revenue for Q2 2026 reached BRL 411.7 million, up 16.9% year-over-year; net revenue was BRL 344.7 million, up 20.5% year-over-year.

• Adjusted EBITDA for Q2 2026 was BRL 169.0 million, up 17.7% year-over-year, with a margin of 49.0%.

• Net income for Q2 2026 was BRL 45.9 million, a 1.5% increase year-over-year; net margin was 13.3%.

• Free cash flow in Q2 2026 was BRL 79.5 million, up from BRL 75.9 million in Q2 2025.

• CAPEX for Q2 2026 was BRL 77.1 million, down 16.2% year-over-year.

Outlook and guidance

• Continued focus on expanding mobile and broadband operations, especially in strategic regions, with ongoing investments in network infrastructure and customer experience.

• Projected 2027 CapEx to remain around BRL 500 million, with potential for 6-7% variation due to currency fluctuations.

• Commitments for infrastructure investments in underserved regions are in place through 2030.

• Margin pressure expected to be limited, with operational leverage anticipated as new regions mature.

• Focus on organic and sustainable growth, maintaining low leverage, and expanding bundled and value-added services.