Business · Companies · 1 hr ago
Hapvida's adjusted third-quarter profit falls 68% to R$107 million
Brazilian health-plan operator Hapvida reported adjusted net profit of R$107 million for the third quarter of 2026, down 68% from a year earlier.
Revenue rose 3.9% to R$8.08 billion, mainly because the company increased health-plan prices.
But the share of cash revenue used to pay claims rose to 77.2%, while operating expenses and civil legal contingencies also increased.
Hapvida said seasonal pressures and one-off costs tied to closing and streamlining care facilities contributed to the higher claims ratio.
Its customer base fell 1.8% to 15.695 million people as it reviewed unprofitable and overdue contracts.
Net debt increased 24.7% year over year to R$5.30 billion, although it fell slightly from the previous quarter; no further steps were specified.
Hapvida reported adjusted net profit of R$107.0 million in the third quarter of 2026, down 68.3% from a year earlier.
The company attributed pressure on its results to higher cash claims costs, operating expenses and civil contingencies.
Net revenue rose 3.9% year on year to R$8.08 billion, driven mainly by health-plan price adjustments.
Adjusted EBITDA fell 33.5% to R$496.6 million, and its margin declined to 6.1% from 9.6%.
Hapvida had 15.695 million beneficiaries at the end of September, down 1.8% year on year.
- Who
- Hapvida, a health-care operator.
- What
- Adjusted net profit was R$107.0 million, down 68.3% year on year.
- When
- The third quarter of 2026.
- Where
- Not stated.
- Why
- Results were affected by higher cash claims costs, operating expenses and civil contingencies.
This story does not have two clearly opposing sides.
Hapvida reported adjusted net profit of R$337.7 million.
Adjusted net profit was R$107.0 million, down 68.3% year on year.
The company had 15.695 million beneficiaries, down 1.8% year on year.
- Adjusted net profit
- R$107.0 million
- Year-on-year profit decline
- 68.3%
- Net revenue
- R$8.08 billion
- Adjusted EBITDA
- R$496.6 million
- Beneficiaries at end of September
- 15.695 million