EcoRodovias Profit Rises as Debt Hits R$ 24.5 Billion
The company reports a 17.5% jump in recurring profit despite rising leverage and a decline in adjusted Ebitda.
EcoRodovias reached a recurring net profit of 321.2 million reais in the third quarter of 2026. This result represents a 17.5% increase compared to the same period last year. The company attributed the performance to higher financial revenue and the positive impact of the IPCA inflation index on its debentures.
Adjusted Ebitda for the company totaled 1.457 billion reais during the period, which marks a 3.1% decline compared to the third quarter of 2025. The adjusted Ebitda margin also retracted, ending the period at 74.6%. Adjusted net revenue saw a positive variation of 1%, reaching 1.952 billion reais.
The company's debt level rose significantly. Net debt reached 24.461 billion reais, an increase of 19.4% year-over-year. Leverage, calculated by the ratio of net debt to adjusted Ebitda, climbed to 4.3 times.
Investments by the company grew by 52.6% during the period. Capex totaled 1.975 billion reais in the quarter. The higher leverage scenario requires investor attention regarding future cash generation capacity in a high-interest rate environment.
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