São Martinho (SMTO3) Posts 168% Profit Surge in 3Q26, but EBITDA and Revenue Decline

São Martinho, a major Brazilian sugar-energy group, reported a significant 168.5% surge in net income to R$ 424.1 million in 3Q26, largely due to non-operational factors. This came despite a decline in adjusted EBITDA and net revenue, influenced by a strategic deferral of ethanol sales.

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Feb 10, 2026 - 12:47
São Martinho (SMTO3) Posts 168% Profit Surge in 3Q26, but EBITDA and Revenue Decline
São Martinho, a major Brazilian sugar-energy group, reported a significant 168.5% surge in net income to R$ 424.1 million in 3Q26, largely due to non-operational factors. This came despite a decline in adjusted EBITDA and net revenue, influenced by a strategic deferral of ethanol sales.
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