Santander flags canola risk for 3Tentos stock

Published on 10/25/2026 at 02:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Santander sees BRL 20 million of 2027 EBITDA risk. 3Tentos stock has a November 12, 2026 results date.

Canola risk and reporting date

Santander estimates a BRL 20 million EBITDA impact for the first quarter of 2027 in its October 22, 2026 report.
Canola origination is estimated at 120,000 tonnes in 2026 versus 180,000 tonnes in 3Tentos' forecast.
3Tentos is scheduled to report third-quarter results after the close on November 12, 2026.

3Tentos, BRTTENACNOR0, Illustration mit AI erstellt.

3Tentos (BRTTENACNOR0) faces a possible BRL 20 million EBITDA impact in the first quarter of 2027 after a canola harvest setback. Money Times reported the estimate from Santander on October 22, 2026.

Canola estimates shift

The risk is tied to reduced raw-material availability rather than a change in the company's operating model. Santander estimates 3Tentos canola origination at 120,000 tonnes in 2026, below the 180,000 tonnes previously forecast by the company, according to the October 22 report from Money Times.

What does the BRL 20 million risk mean?

The pressure is expected to center on the Ijui crushing operation in the first quarter of 2027. Santander estimates that lower processing volumes could reduce EBITDA by BRL 20 million, while the unit can process up to 1,200 tonnes of canola per day between September and February, according to Money Times. The same report cites Santander's BRL 26.60 target against a BRL 13.69 reference price.

Three dates frame the issue

On July 15, 2026, an initial canola estimate put potential Brazilian production at 755,000 tonnes. On October 15, 2026, a later estimate cut that figure to 507,000 tonnes. On October 22, 2026, Santander linked the smaller crop to a possible BRL 20 million EBITDA effect for 3Tentos, according to Money Times.

Next results date

The next scheduled company date is November 12, 2026, when 3Tentos is listed to release third-quarter results after the close, according to Forbes. That report will show whether the canola issue is contained in the operating outlook or begins to affect broader earnings expectations.

Market value and operating exposure

3Tentos had a market capitalization of BRL 7.1 billion on October 23, 2026, while its 52-week range was BRL 9.61 to BRL 17.90. The company operates across agricultural inputs, grain origination and processing, so canola affects both raw-material supply and the industrial chain.