Mills stock: Q3 profit rises 94.5% on one-off effects

Published on 11/10/2026 at 01:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mills stock drew attention after the Brazilian equipment rental company reported a stronger third quarter. One-off effects supported the bottom line.

Mills reports stronger quarterly profit

Net revenue increased year over year, while adjusted EBITDA edged higher.
Non-recurring tax credits and lower financial expenses supported the quarterly result.
Net debt and leverage remained key factors for investors assessing the equipment rental business.

Mills, BRMILSACNOR2, Illustration mit AI erstellt.

Mills reported a net profit of BRL 130.9 million for the third quarter of 2026, according to El Fondo. The result rose 94.5 percent from the same quarter a year earlier, while net revenue increased 2.1 percent to BRL 492.9 million.

One-off effects lift earnings

The quarterly bottom line benefited from non-recurring items, including BRL 54.3 million in extemporaneous tax credits. Non-recurring costs and expenses had a positive net impact of BRL 51.9 million, compared with a negative impact of BRL 28.8 million in the prior-year quarter.

The period also included a BRL 5 million reversal of a provision linked to a contingency in the heavy equipment unit. The composition of earnings is therefore important for investors: the sharp increase in net profit was not driven solely by recurring operating growth.

Operating growth remains measured

Adjusted EBITDA reached BRL 256.1 million, up 0.6 percent year over year. Consolidated net financial expense fell to BRL 29.8 million from BRL 54.2 million in the third quarter of 2025, with Mills citing higher financial income from a larger average cash balance and the tax credit recognition.

At the end of September, net debt stood at BRL 1.05 billion and leverage was 1.1 times. Investors will therefore be watching whether operating expansion and lower financing pressure can strengthen recurring earnings after the reported one-off effects fade.

Brazilian equipment rental specialist

Mills is headquartered in Sao Paulo, Brazil, and operates as an equipment rental company. Its business includes rental activities linked to heavy equipment and other equipment used by industrial and infrastructure customers. The company presents its investor materials through its investor relations website.