Rumo recorded an adjusted net profit of R$266 million in the first quarter of 2026, an increase of 41.1% compared to the same quarter of 2025. In the unadjusted criterion, the figure totaled R$98 million, reversing the loss of R$97 million reported a year earlier.
The company’s adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) reached R$1.74 billion at the end of March, an annual increase of 6.7%. The performance was supported by greater volume transported and dilution of fixed costs and expenses, according to the earnings release. The adjusted EBITDA margin was 53.2%, a decrease of 3.6%.
Rumo’s net operating revenue totaled R$3.2 billion. The figure represents a growth of 10.6% when compared to the same period in 2025. The financial result was negative at R$846 million, a worsening of 10.2% compared to the also negative figure of R$768 million reported a year earlier.
Rumo ended the quarter from January to March with a leverage of 2.1 times net debt/adjusted EBITDA, “at a level appropriate to the company’s risk profile”, assesses the company. In the immediately previous quarter, the indicator was 1.9 times.
Investments
Rumo’s investments totaled R$1.77 billion in the first quarter of 2026, 0.4% below that recorded a year earlier. According to the company, performance is in line with the construction schedule.
In Operation North, the main investment front, there was an increase of R$79 million in recurring Capex and R$185 million in the acquisition of rolling stock.
On the other hand, investments in network expansion, ports and terminals fell in the period, reflecting the pace of execution of works, with expectations of recovery throughout the year.
At the Mato Grosso Railway, disbursement and physical progress remain in line with plans, with operations scheduled to begin in the first quarter of 2026. Meanwhile, at Malha Sul, the focus remains on recurring investments, ensuring operations with adequate levels of safety and efficiency.
