Stocks

Oct 10Consumo não CíclicoStocks

Lower international prices pressure Camil's quarterly earnings despite domestic volume growth

Camil Alimentos recorded a net profit of R$ 41.3 million in its second fiscal quarter of 2026, down 47.5% from R$ 78.7 million in the same period last year. Net revenue fell 7.2% to R$ 2.8 billion out of R$ 3.2 billion in gross revenue, compared to R$ 2.98 billion a year earlier, as international price compression offset gains in higher-value domestic products.

• Consolidated EBITDA reached R$ 225.3 million, down 10.1% year-on-year, with an EBITDA margin of 8.2%.
• Sequential EBITDA grew 7.3% compared to the first fiscal quarter of 2026.

Sources:InfoMoney

Oct 10EarningsStocks

Rising non-performing loans drive asset quality concerns across Brazilian banking system

The financial system's default rate over 90 days increased from 3% in December 2024 to 4.6% in June 2026, driven by a 60% share of actual credit deterioration and 40% from regulatory changes under Resolution 4,966. Public lenders accounted for 53% of the non-performing loan stock growth between the second quarter of 2025 and the second quarter of 2026, with Banco do Brasil's rate rising 160 basis points to 5.6%.

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• Banco do Brasil's 5.6% default rate in the second quarter of 2026 surpassed levels seen at Itaú and Santander.
• Goldman Sachs estimated that regulatory changes under Resolution 4,966 accounted for 40% of the recent default rate expansion.

Sources:InfoMoney

Oct 10Official filingB3 FilingStocks

ANTT approves R$104.9m rebalancing for EcoRodovias

EcoRodovias announced that ANTT, Brazil's land transport agency, approved a R$ 104.9 million precautionary payment to Ecovias Araguaia to offset surging roadwork input costs linked to the pandemic and the Russia-Ukraine war. The amount represents 61.20% of an overall R$ 171.4 million cost surge, with the remaining 38.80% deferred for payment by August 2028 pending final tax and financial assessment.

• ANTT, Brazil's land transport agency, approved a R$104.9 million cash compensation for Ecovias Araguaia, covering 61.20% of a R$171.4 million extraordinary input cost increase.
• The remaining 38.80% of the cost increase will be paid within two years, with the deadline set for August 2028.
• The R$171.4 million total cost increase excludes tax gross-up, whose application will be assessed during the final calculation of the economic-financial rebalancing.

Sources:CVM - Documentos IPE (PDF)

Oct 10B3 FilingStocks

Federal government freezes R$ 731.9 million in budget allocated to CVM

The administration of President Luiz Inácio Lula da Silva placed R$ 731.9 million of the 2027 budget earmarked for CVM, Brazil's securities regulator, into contingency reserve. The decision restricts funds that Supreme Federal Court Minister Flávio Dino had previously mandated be released to support the regulator's operations.

• The contingency reserve affects R$ 731.9 million originally budgeted for CVM in 2027.
• Supreme Court Minister Flávio Dino had previously ordered the release of the funds to the securities authority.

Sources:Valor EconômicoFolha de S. Paulo (Mercado)

Oct 10Investment FundsStocks

BTLG11 real estate fund approves share offering of up to R$ 1.2 billion

BTG Pactual Logística approved its 17th issuance of shares seeking an initial R$ 800 million through 7,498,360 new shares priced at R$ 106.69 each. The offering may expand to R$ 1.2 billion if a 50% additional green-shoe option of 3,749,180 shares is fully exercised, with net proceeds targeted at acquiring industrial and commercial properties.

• Subscription price per share totals R$ 109.57 after including a primary distribution fee of R$ 2.88, or 2.70%.
• The offering requires a minimum subscription threshold of R$ 1 million across 9,373 shares to be completed.

Sources:InfoMoneyMoney Times

Oct 10Energy, Infrastructure & ESGStocks

Julio Nishida named interim director at oil regulator ANP

Julio Nishida will take office on October 13 as a substitute director at ANP, Brazil's oil and gas regulator, succeeding Daniel Maia following his departure on October 10. Nishida, currently the agency's supply oversight superintendent, can hold the position for up to 180 days under federal rules governing regulatory board vacancies.

• Daniel Maia vacates his seat on ANP's five-member board on October 10.
• Federal regulations allow substitute directors to serve for a maximum period of 180 days.

Sources:Agência iNFRA (infraestrutura)Valor Econômico

Oct 10Investment FundsStocks

Taranis credit fund fails to collect on R$ 697 million litigation portfolio

The Taranis credit rights investment fund, built on claims originating from Grupo Inepar, generated zero cash recovery over seven years despite holding a lawsuit portfolio valued at R$ 697 million. The lack of inflows highlights the valuation risks involved in turning disputed judicial claims into tradeable financial securities.

• The fund's asset portfolio is backed by legal claims originated from Grupo Inepar.
• Zero cash has been recovered from the court cases over a seven-year period.

Sources:NeoFeed

Oct 9Official filingCapital Markets & M&AStocksM&A

BTG Pactual Gestão buys 5.11% stake in Espaçolaser

BTG Pactual Gestão e Consultoria de Investimento built a position of 1,850,000 common shares in MPM Corpóreos, surpassing 5.11% of total common stock issued by the Brazilian laser hair removal chain.

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• BTG Pactual Gestão notified Espaçolaser under rules of the CVM, Brazil's securities regulator, after acquiring 1,850,000 common shares, or 5.11% of total capital.
• Its funds X LAB FIA IE and LAB FIA IE held 600,000 shares (1.66%) and 1,250,000 shares (3.45%) respectively as of October 7, 2026.
• BTG Pactual Gestão stated the trade aims strictly at financial operations without intending to change control or administrative structure.

Sources:CVM - Documentos IPE (PDF)

Oct 9Official filingCapital Markets & M&AStocks

Profarma Approves R$300 Million Debenture Issue for Debt Prepayment

Profarma Distribuidora de Produtos Farmacêuticos authorized 300,000 single-series, secured, non-convertible debentures with a unit face value of R$ 1,000 under an automatic registration process.

• Profarma's board approved a R$300,000,000.00 debenture issue comprising 300,000 debentures at R$1,000.00 each on October 8, 2026, with an issuance date of October 16, 2026.
• The debentures pay 100% of the DI rate plus a spread of 1.45% per year, with Oliveira Trust acting as fiduciary agent.
• Net proceeds will prepay existing debt over a 60-month term, with semi-annual amortizations starting from the 30th month.

Sources:CVM - Documentos IPE (PDF)

Oct 9Official filingUtilidade PúblicaStocksM&A

GQG Partners reduces AXIA Energia stake to 4.87%

GQG Partners lowered its aggregate position to 118,913,792 common shares held directly and via ADRs, representing 4.87% of total voting capital in AXIA Energia.

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• GQG Partners reduced its stake in AXIA Energia through market sales to 118,913,792 common shares, representing 4.87% of the company's total voting capital.
• The investment manager stated that the minority holding does not aim to alter AXIA Energia's control structure or administrative composition.

Sources:CVM - Documentos IPE (PDF)

Oct 9Official filingB3 FilingStocksM&A

Sabesp and EMAE update timetable for share merger with last trading on Oct 23

Companhia de Saneamento Básico do Estado de São Paulo and EMAE published an updated estimated timeline for Sabesp to absorb all EMAE shares it does not currently hold.

SBSP3

• Sabesp and EMAE updated the estimated timetable for Sabesp's merger of EMAE shares not already held by the company.
• EMAE shareholders have until October 19, 2026, to exercise their withdrawal right, with reimbursement payment scheduled for October 21, 2026.
• EMAE shares will trade for the last time on B3 on October 23, 2026, followed by the credit of Sabesp shares to EMAE shareholders on October 27, 2026.

Sources:CVM - Documentos IPE (PDF)

Oct 9Official filingCapital Markets & M&AStocks

GPS Participações approves buyback of up to 5% of total shares

GPS Participações e Empreendimentos approved the repurchase of up to 37,617,254 common shares, equal to 5% of its total equity and 8.63% of free-floating stock.

• GPS Participações approved a share buyback program of up to 37,617,254 common shares, representing 5% of total issued shares and 8.63% of floating shares.
• The share acquisitions will be executed on the B3 exchange over an 18-month period, running from October 8, 2026 to April 8, 2028.
• As of June 30, 2026, the company had R$ 901,103,734.40 in available reserves, intermediated by Itaú Corretora and Santander Corretora.

Sources:CVM - Documentos IPE (PDF)