Brazil’s Brava Energia Misses Consensus Despite Recovery

2026-03-12 - 11:23

3 Key Points —The net loss narrowed to R$588 million ($114M) from R$1.03 billion a year earlier, but was far worse than the LSEG consensus expectation of a R$96 million loss, as financial costs and operational shortfalls offset the EBITDA recovery. —Adjusted EBITDA rose 60% to R$808 million ($156M) with the margin expanding from 25.9%