2Q26

2Q26

• 2Q26 Earnings Release:

  • Consolidated net revenue reached R$338.7 million in 2Q26, up 30.7% compared to 2Q25, and totaled R$589.1 million in 6M26, an increase of 31.3% compared to 6M25.
  • In Production Animals, net revenue reached R$252.4 million in 2Q26, up 28.2% compared to 2Q25, and totaled R$428.8 million in 6M26, an increase of 33.1% compared to 6M25.
  • In Companion Animals, net revenue reached R$49.8 million in 2Q26, up 44.8% compared to 2Q25, and totaled R$94.9 million in 6M26, an increase of 33.7% compared to 6M25.
  • In International Operations, net revenue totaled R$36.5 million in 2Q26, up 30.5% compared to 2Q25, and reached R$65.4 million in 6M26, an increase of 17.9% compared to 6M25.
  • Consolidated gross profit reached R$167.4 million in 2Q26, up 25.6%, with a gross margin of 49.4%, down 2.0 p.p. compared to 2Q25. In 6M26, gross profit totaled R$302.4 million, up 34.3%, with a gross margin of 51.3%, representing an expansion of 1.2 p.p. compared to 6M25.
  • Adjusted EBITDA reached R$60.8 million in 2Q26, up 22.1% compared to 2Q25, and totaled R$105.4 million in 6M26, an increase of 54.0% compared to 6M25.
  • Adjusted Net Income reached R$15.9 million in 2Q26, down 33.3%, and R$36.7 million in 6M26, up 41.7%.
  • Leverage ended 2Q26 at 0.43x Net Debt/LTM Adjusted EBITDA, compared to 0.85x at year-end 2025, with 87.0% of debt classified as long-term and an average cost of debt of 8.69%, compared to 8.23% at year-end 2025.