Unifique Telecomunicações (FIQE3) Q1 2026 earnings summary

Executive summary

• Net income rose 40.8% year-over-year to BRL 52.1 million in Q1 2026, with net margin improving to 15.8% and adjusted EBITDA margin reaching 51.9%.

• Gross revenue increased 17.2% to BRL 393.6 million, and net revenue grew 22.0% to BRL 329.0 million, driven by mobile and TV/media expansion.

• Achieved strong operational efficiency and disciplined cost management, supporting robust profit growth.

• Mobile accesses surged to 288,004, with 175% year-over-year growth and 86% of mobile lines bundled with broadband.

• Expanded 5G/4G coverage to 166 cities and maintained leadership in Southern Brazil.

Financial highlights

• Adjusted EBITDA reached BRL 170.6 million (+27.9% YoY), with a margin of 51.9%.

• Gross profit was BRL 164.5 million (+19% YoY); net margin improved to 15.8%.

• Dividend payment of BRL 27.5 million in Q1 2026.

• Net debt/EBITDA LTM at 0.58x; net debt at BRL 369.8 million.

• Cash position at BRL 776 million at end of March 2026.

Outlook and guidance

• Continued investments in mobile network and fiber upgrades, with commitments to expand 5G/4G coverage and spectrum in new regions through at least 2029.

• Mobile segment expected to become a key profit contributor by year-end 2026, with margins targeted above 50%.

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

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

• Leveraging low financial leverage to support transformational operations in a challenging economic environment.