EarningsQ2 2026 Earnings Report
RUMOF Q2 2026 EPS Results
Actual EPS$0.06
Consensus EPS―
Beat/Miss―
One Year Ago EPS$0.03
RUMOF Q2 2026 Revenue Results
Actual Revenue$779.75M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+19.08%
Earnings Announcement Details
QuarterQ2 2026
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
RUMOF Upcoming Earnings
Rumo SA's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
RUMOF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive operational and financial position: revenue growth (+6%), stable adjusted EBITDA with an underlying ~4% increase excluding one-offs, strong volume metrics and progress on the BR-070 terminal and market share gains. Liquidity (BRL 5.9 billion cash + BRL 2.4 billion undrawn lines) and stable leverage (2.1x) provide a solid base. Key challenges include modest yield declines (-3% North, -1% South), a negative net financial result (‑BRL 765 million) driven by higher net debt (BRL 17.3 billion), regulatory/contractual uncertainties on the West and South networks, and near-term concession fee cash outflows. Management’s focus on cost reduction, CapEx discipline and monetizing existing assets aims to improve cash generation in 2027. Overall, positives around revenues, volumes, liquidity and strategic focus outweigh the manageable execution and regulatory risks, but monitoring of debt/service costs and network settlements remains important.Company Guidance
BR-070 Terminal Start and Expansion Progress
Started operations at the new BR-070 terminal in June (Phase 1 complete); July operations at ~30% of terminal capacity with a design capacity >800,000 tonnes/month and ramp-up expected by year-end.
Strong 12-Month and Quarterly Volumes
Transported 921.2 billion RTK over the last 12 months (including 35.4 million tonnes of grains in the Northern operation). In Q2 transported 23.8 billion RTK with strong growth in the Northern operation; grains were the main contributor and fertilizers and liquids also performed well.
Revenue Growth
Consolidated net revenue of BRL 3.9 billion, up 6% year-over-year.
Stable Adjusted EBITDA with Underlying Growth
Adjusted EBITDA of BRL 2.3 billion, stable YoY. Management noted that last year included ~BRL 100 million of insurance proceeds/reclassification; excluding that one-off, EBITDA would have grown ~4%.
Profitability and Liquidity
Delivered adjusted net income of BRL 688 million for the quarter. Maintained BRL 5.9 billion in cash and BRL 2.4 billion in committed undrawn credit lines, supporting liquidity.
Balanced Leverage
Net debt ended the quarter at BRL 17.3 billion with financial leverage stable at 2.1x.
CapEx Discipline and H2/2027 Outlook
Invested BRL 1.6 billion in the quarter (≈BRL 600 million recurring CapEx and ≈BRL 1.0 billion expansion). Management expects CapEx in H2 to be lower than H1 and reiterated that 2027 CapEx will be lower than 2026 as programs are revisited.
Market Share and Operating Efficiency
Gained 2 percentage points combined share in Mato Grosso & related markets; market share in Santos was 50% and Southern boards 26%. Key operating indicators remained stable (train times roughly in line YoY; dwell time in Santos improved; unit fuel consumption flat YoY).
Commercial Bookings and Portfolio Sales
Management reported >80% of grains capacity sold in the Northern operation and >80% contracted in grains & sugar in the Southern operation for the remainder of the year, supporting revenue visibility into year-end.
Agricultural Market Outlook
Initial 2026/27 crop estimates point to stability in Brazilian soybean production and exports and a high corn crop supporting exports; Mato Grosso planted area expected to increase modestly by ~120,000 hectares.
RUMOF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed