Unifique Telecomunicações (FIQE3) Q3 2026 earnings summary

Executive summary

• 3Q26 gross revenue rose 16.8% YoY to BRL 429.3m; adjusted EBITDA increased 11.0% to BRL 178.3m, while margins narrowed amid mobile rollout costs and competitive pressure.

• Broadband and mobile subscriber bases expanded, supported by organic growth and acquisitions; 9M26 gross revenue reached BRL 1,234.6m and adjusted EBITDA BRL 517.9m.

Financial highlights

• 3Q26 net revenue was BRL 359.977m, up 17.56% YoY; gross profit was BRL 172.056m, up 6.48%.

• 3Q26 adjusted EBITDA was BRL 178.3m; its margin was 49.53%, versus 50.93% YoY. Net income was BRL 67.258m, up 3.74%, with an 18.68% net margin.

• 9M26 gross revenue rose 16.9% to BRL 1,234.6m; net revenue was BRL 1,033.736m, up 19.91%. Adjusted EBITDA reached BRL 517.917m and net income BRL 165.260m.

• 9M26 net finance expense increased to BRL 42.498m from BRL 30.469m; 3Q financial expenses rose 74.2% YoY, mainly reflecting higher interest on debt.

Segment performance

• Broadband ended 3Q26 with 927,576 connected customers; organic additions were 5,313, churn was 1.48%, and homes passed reached 3,985,995.

• Mobile accesses reached 381,525, up 80.6% YoY; mobile churn was 1.42%, and 56.3% of quarterly activations were ported from other providers.

• 3Q26 internet revenue was BRL 243.2m, mobile revenue BRL 42.1m, and TV and Media revenue BRL 117.8m; B2C revenue reached BRL 346.6m and B2B BRL 82.7m.

• Own mobile coverage reached 246 cities and 6.2m people; 84.5% of mobile subscribers were in broadband bundles.

• Santa Catarina broadband market share was 22.6% in September 2026; broadband-plus-mobile combo share was 21.0%.