Vamos stock: Profit triples as leverage falls below 3x

Published on 11/13/2026 at 00:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The company expanded leasing revenue and reduced financial expenses in the quarter. Weaker used-asset sales tempered the improvement.

Vamos reports stronger quarterly results

Leasing revenue rose 11.4 percent year over year, supporting a record quarter for the segment.
Net financial expenses fell 14.7 percent, while used-asset sales revenue declined 23.8 percent.

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Vamos reported a sharp increase in net income for the third quarter of 2026, according to a GuruFocus earnings-call summary published on October 31. The company had released the results on October 30 after the market close.

Profit growth outpaced revenue

Consolidated net revenue increased 4.3 percent year over year in Q3 2026. Leasing revenue rose 11.4 percent to BRL 1.2 billion, while EBITDA grew 15.8 percent and reached a record level above BRL 1 billion.

Net income reached BRL 151 million, compared with BRL 50 million a year earlier. GuruFocus attributed the stronger result alongside operating progress to lower net financial expenses, which fell 14.7 percent year over year to BRL 480 million.

Asset sales remain a pressure point

Used-asset sales revenue declined 23.8 percent year over year to BRL 301 million. The company also reported tougher credit conditions for buyers of used assets, making contract extensions and leasing of used equipment more important for asset reuse.

Contract extensions reached a quarterly record of BRL 482.9 million, while Sempre Novo contracts totaled BRL 195.1 million, according to the earnings-call summary. Fleet utilization improved to 89 percent, and repossessions fell 55.6 percent from the prior-year quarter.

Leverage moves below three times

Net leverage declined to 2.9 times, its lowest level in five years and below the company guidance of three times for December 2026. The combination of higher utilization, stronger leasing activity and lower repossessions supports cash generation, although used-asset demand and credit availability remain important variables for the next quarters.