Espacolaser reports a loss and outlines an ROIC strategy affecting Espacolaser stock

Espacolaser reported an adjusted net loss of BRL 134,000 in the second quarter of 2026, while its ROIC strategy is reshaping the investment case for Espacolaser stock. Forbes reported the result on September 29, 2026.

Second-quarter earnings turn negative

Adjusted net loss was BRL 134,000 in the second quarter, compared with adjusted profit of BRL 8.8 million in the second quarter of 2025. Gross sales reached BRL 384.9 million, up 0.10 percent year over year, while adjusted net revenue fell 3.50 percent to BRL 257.5 million, according to Forbes.

The comparison shows a split operating picture. Sales were broadly stable, but lower adjusted revenue and the return to a loss put greater weight on cost control and cash conversion.

ROIC moves to the center

Brazil Journal reported that Espacolaser is prioritizing revenue, cash generation and profitability from its existing network rather than relying mainly on new locations. In the second quarter of 2026, cash operating generation reached BRL 60.7 million and EBITDA-to-cash conversion was 122.80 percent.

The operating model is becoming more productive. Fourteen locations had a second laser room by the end of the second quarter, and revenue at those stores grew 34.00 percent, according to Brazil Journal.

Debt reduction supports the strategy

Net debt stood at BRL 526.0 million at June 30, 2026, a reduction of BRL 21.1 million, while leverage was 1.88 times EBITDA, Forbes reported on September 29, 2026. The first half of 2026 also produced BRL 128.5 million in adjusted operating cash flow, up 17.20 percent year over year.

The network ended the second quarter with 861 stores, including 811 in Brazil and 50 abroad. That footprint gives management a large base from which to pursue higher returns, but the second-quarter loss makes execution and cash discipline central to the next phase.

Espacolaser stock and B3 listing

Espacolaser stock trades under ticker ESPA3 on B3, according to Valor. The company operates in laser hair removal, facial, hair and body aesthetics, and related personal-care services.