Revenue increased 8.2% YoY to R$1,012.7 million, with organic growth of 7.7% to R$1,008.4 million.
Adjusted EBITDA rose 4.0% YoY to R$511.4 million, margin at 50.5% (down 200 bps).
Net income up 1.8% YoY to R$261.8 million; Basic EPS increased 3.0% to R$2.88.
Operating cash flow at R$473.2 million (up 0.6% YoY), cash conversion 92.5%, free cash flow R$376.0 million.
Cash and equivalents reached R$1,332.9 million (up 15.4% YoY); net debt reduced to R$1,151.3 million.
2026 guidance reaffirmed:
Revenue R$3,950–4,100 million, Adjusted EBITDA R$1,700–1,800 million, CAPEX R$340–380 million.