Valid stock reports stronger Q2 margins and digital growth

Published on 10/01/2026 at 02:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Valid stock follows Q2 revenue of BRL 506.0 million and EBITDA of BRL 112.0 million on September 7, 2026. Digital revenue reached 24.0 percent.

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Valid stock is anchored by Q2 2026 revenue of BRL 506.0 million and EBITDA of BRL 112.0 million, while the shares closed at BRL 17.11 on B3 on September 25, 2026. The result combines 3.0 percent year-over-year revenue growth with a 22.0 percent EBITDA margin, giving investors a measurable improvement in operating quality.

Margins improve in Q2

According to Quartr on September 7, 2026, Q2 gross margin rose to 33.8 percent from 32.3 percent in Q2 2025. EBIT margin reached 15.0 percent, compared with 11.4 percent a year earlier, while adjusted EBITDA increased 30.0 percent sequentially after excluding a BRL 29.0 million special effect from the first quarter.

The half-year figures add scale to the comparison. Consolidated H1 2026 revenue was BRL 952.6 million, H1 EBITDA reached BRL 227.0 million, up 16.0 percent year over year, and H1 net income was BRL 93.2 million versus BRL 128.5 million in the prior-year period.

Digital business expands

Digital revenue represented 24.0 percent of Q2 revenue, according to Quartr. Management is targeting a 50.0 percent digital share by 2030, with cybersecurity, payments and digital identity supporting the expansion of the company's second growth engine.

Valid's investor-relations page describes more than 1.2 million B2B and B2G customers and identifies the company as Brazil's largest issuer of official documents, a major global SIM card supplier and one of the world's 10 largest card manufacturers. The company operates across secure identity, government services, banking, payments and connectivity.

Cash returns remain visible

Shareholder distributions provide a second concrete checkpoint. InfoMoney listed a BRL 0.38 per-share interest-on-equity payment for September 30, 2026, based on the source amount of BRL 0.376468. Quartr also reported BRL 44.0 million in dividends and 2.0 million canceled shares during H1 2026.

Market value and B3 quote

Valid shares closed at BRL 17.11 on B3 on September 25, 2026. The 52-week range was BRL 16.24 to BRL 23.70 on September 23, 2026, while market capitalization stood at BRL 1.4 billion on September 25, 2026. The operating comparison is therefore clear: Q2 revenue grew 3.0 percent year over year, while EBITDA margin improved by 3.0 percentage points.