Hidrovias do Brasil stock gains on Q2 recovery

Published on 10/04/2026 at 18:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hidrovias do Brasil stock posted BRL 100.0 million in Q2 net income and BRL 664.0 million in revenue. Leverage fell to 2.4x as of Q2 2026.

Hidrovias, BRHBSAACNOR0, Illustration mit AI erstellt.

Hidrovias do Brasil (ISIN BRHBSAACNOR0) was last at BRL 3.48 on B3 on October 4, 2026, with a 3.88 percent daily gain. The latest company presentation highlighted second-quarter deleveraging and a lower-cost expansion plan, giving the move a clear operating backdrop.

Q2 profit supports the recovery

In Q2 2026, revenue reached BRL 664.0 million, up 6.7 percent from Q2 2025, while net income came to BRL 100.0 million. Simply Wall St also reported Q2 adjusted earnings per share of BRL 0.074 and a 15 percent profit margin.

The earnings profile contrasts with Q1 2026, when revenue was BRL 445.2 million and the company posted a net loss of BRL 34.2 million. The sequential change puts the second-quarter result at the center of the investment case, although the comparison covers different operating periods and should not be treated as a full-year trend.

Debt reduction changes the picture

Leverage fell to 2.4x in Q2 2026 from 7.0x in Q4 2024, while operating cash flow reached BRL 377 million in the first half of 2026. TradingView said the October 2, 2026 presentation linked the lower debt burden to a phased TUP expansion and growing regional cargo flows.

The operating data are mixed beneath the balance-sheet improvement. Northern Brazil volume reached 2.477 million tons in the first half of 2026, down 12 percent year over year, while Paraguay consolidated volume declined 28 percent, according to the presentation summary. That contrast makes execution at the core corridors a key test for the next results cycle.

Consensus target remains above the stock

The published consensus carries a Buy label: 11 of 14 analysts rate the shares Buy, two rate them Hold and one rates them Sell. Eulerpool lists an average 12-month price target of BRL 4.71 and a median of BRL 4.44; the average target lies 35.3 percent above the BRL 3.48 reference price.

Hidrovias do Brasil stock advances before Q3

Hidrovias do Brasil stock was last at BRL 3.48 on B3 on October 4, 2026. The share price sits between a 52-week low of BRL 2.91 and a high of BRL 4.39, while market capitalization was BRL 4.7 billion.