Qualicorp posts adjusted loss of R$22.5 million in third quarter

Qualicorp reported an adjusted loss of R$22.5 million in the third quarter of 2026, compared with a profit of R$19.7 million a year earlier.

Two non-cash accounting effects weighed on earnings: a change in how a payment for the sale of Gama is adjusted, and a reduction in the value of deferred tax credits.

The Gama-related adjustment cut financial results by about R$21.2 million, while the tax-credit revision had an impact of R$14.3 million.

Net revenue fell 14.3% to R$308.5 million, partly reflecting a smaller number of plan members.

Qualicorp had 857,700 members across its portfolio, down 0.3% year over year, while membership in its administered group plans fell 17.1%.

Cancellations eased to their lowest third-quarter level since 2020, even as the administered plans lost 7,400 members on a net basis during the quarter.

Net debt was down 15.1% from a year earlier to R$748.4 million, and the company did not state what happens next.