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

2026-02-10 - 12:45

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.