Technos (TECN3) Q2 2026 earnings summary

Executive summary

• Achieved record net income of R$67.5 million in 2Q26, up 253.7% year-over-year, driven by sales growth, disciplined cost management, and non-recurring tax reversals related to inventory write-offs totaling R$38.9 million.

• Net revenue for 2Q26 reached R$129.0 million, up 5.8% year-over-year, with year-to-date revenue at R$220.2 million, a 5.6% increase compared to 2025.

• Sales volume grew 11.4% in 2Q26 to 679,000 units, while average price per unit declined 4.8%, reflecting product mix changes.

• Adjusted EBITDA increased 16.0% in 2Q26 to R$37.3 million, marking the 24th consecutive quarter of growth, with margins expanding to 28.9%.

• Net debt improved to R$13.4 million at quarter-end, reflecting a stronger balance sheet and representing 2.7% of equity.

Financial highlights

• 2Q26 gross revenue was R$151.6 million, up 6.1% from 2Q25; year-to-date gross revenue reached R$258.9 million, up 5.8%.

• Gross profit for 2Q26 was R$73.7 million (+8.4% YoY); year-to-date gross profit was R$122.6 million (+7.3%).

• SG&A expenses increased 7.9% in 2Q26 to R$42.6 million, mainly due to higher marketing and commercial travel investments.

• Net margin surged to 52.4% from 15.7% in 2Q25, reflecting operational leverage and non-recurring effects.

• Net financial result improved to R$4.0 million, supported by higher Selic rates and increased accounts receivable.

Outlook and guidance

• Management remains focused on sustainable growth, operational efficiency, and disciplined capital allocation amid macroeconomic and geopolitical uncertainties, with 2026 expected to be influenced by major events such as the World Cup and presidential elections.