Wiz Co Participações e Corretagem de Seguros (WIZC3) Q3 2026 earnings summary

Executive summary

• 3Q26 consolidated net revenue excluding commissions was BRL 222.0 million, down 23.3% YoY, and net income was BRL 75.9 million, down 25.3%; pressure centered on Bmg Corretora and BRB Seguros.

• Other insurance units issued 13.9% more premiums YoY, while Omni1 reported record net income of BRL 18.5 million, up 40.8%.

• Net debt fell 61.0% YoY to BRL 118.0 million, or 0.3x net debt/EBITDA.

Financial highlights

• Consolidated gross revenue was BRL 383.3 million, down 24.0% YoY; net revenue excluding commissions was BRL 222.0 million, down 23.3%.

• Consolidated EBITDA was BRL 134.1 million, down 31.0%; net income was BRL 75.9 million, down 25.3%.

• 9M26 net revenue excluding commissions was BRL 694.6 million, down 16.9%; EBITDA was BRL 438.9 million, down 22.0%, and net income was BRL 231.9 million, down 16.9%.

• Adjusted 3Q26 net income was BRL 93.8 million, down 24.6% YoY; adjusted EBITDA was BRL 134.1 million, with no quarterly EBITDA adjustments.

• Parent-level revenue was BRL 56.7 million, up 7.9%; EBITDA was BRL 73.3 million, down 11.8%, and net income was BRL 54.1 million, down 2.3%.

Outlook and guidance

• Elevated rates, household budget pressure and payroll-lending regulatory changes are expected to keep operating conditions challenging in coming quarters, with no rapid turnaround expected.

• Benefits expansion and Wiz Consórcios’ direct-sales operation are growth initiatives; lower interest rates could support lending and distribution-linked results.

• Management sees no relevant insurance impact from tax reform over the next two years and does not currently expect a material tax increase in 2027.