Totvs Boosts AI Investment to Focus on Task Automation
The company's adjusted net income rose 8.8% in the third quarter of 2026 to R$ 237.2 million.
Totvs reported an adjusted net income of R$ 237.2 million for the third quarter of 2026. This figure represents an 8.8% increase compared to the same period last year. Consolidated net revenue reached nearly R$ 2 billion during the quarter.
The company's adjusted Ebitda totaled nearly R$ 501 million. This result marks a 16.9% gain over the same interval last year. Provisions reached 1.8% of net revenue following credit bureau analysis regarding the economy.
CEO Dennis Herszkowicz highlighted artificial intelligence as a central pillar for growth. The company is developing agents capable of performing functions such as accounting and payroll. This business model has been branded by the company as Task as a Service.
Investments in artificial intelligence have been ongoing for two years. The company recently launched the Cortem system to integrate product layers. The executive stated that the technology significantly expands the company's addressable market.
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