Jalles Swings to Profit as Hedge Gains and Ethanol Pivot Offset Sugar Slump

2026-02-13 - 12:25

Key Points — Net income of R$ 55.4 million ($10.7M) in 3Q26 reversed the R$ 73.5 million ($14.1M) loss from the same quarter of crop year 2024/25, driven by favorable hedging results and a more profitable ethanol-heavy production mix. — Revenue fell 30.4% year-on-year to R$ 515.3 million ($99M), reflecting lower sugar sales volumes and