Smart Fit agrees Buddha Spa deal and BTG sets BRL 30 target for Smart Fit stock

Published on 10/28/2026 at 06:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached BRL 2.18 billion, up 22.00 percent year over year. Smart Fit stock last traded at BRL 16.99 on October 27, 2026.

Expansion and earnings calendar

Smart Fit agreed to invest BRL 32 million in Buddha Spa on October 7, 2026.
Second-quarter revenue reached BRL 2.18 billion, up 22.00 percent year over year.
Smart Fit stock last traded at BRL 16.99 on October 27, 2026.
Third-quarter results are scheduled for November 4, 2026.

SmartFit, BRSMFTACNOR1, Illustration mit AI erstellt.

Smart Fit stock (ISIN BRSMFTACNOR1) last traded at BRL 16.99 on October 27, 2026, while BTG Pactual kept a BRL 30.00 target after Smart Fit agreed to invest BRL 32 million in Buddha Spa on October 7, 2026, as Estadao reported. The transaction covers up to 20 percent of Buddha Spa and could lift Smart Fit's stake to 30 percent.

What does the deal add?

Buddha Spa operates 149 units, with 96 percent run as franchises, according to Estadao. The investment adds wellness and beauty services to a group whose existing platform includes gyms, digital fitness and TotalPass. BTG analyst Luiz Guanais described the financial effect as limited at the current investment size, making integration the more important test.

Revenue grew faster than profit

Smart Fit's second-quarter 2026 net revenue reached BRL 2.18 billion, a 22.00 percent increase from the second quarter of 2025. Adjusted EBITDA reached BRL 712.00 million, with a 32.70 percent margin, while attributable profit fell 2.33 percent year over year to BRL 156.06 million, according to TraderNews. The contrast leaves cash conversion and unit productivity as key measures for the next report.

Three dated steps for investors

Smart Fit completed the acquisition of 60 percent of Evolve on August 3, 2026, reported second-quarter revenue of BRL 2.18 billion on August 5, 2026, and disclosed the Buddha Spa investment on October 7, 2026. These milestones show a sequence from network expansion to broader wellness services.

Which dates come next?

Smart Fit is scheduled to pay interest on equity on October 30, 2026, and release third-quarter results on November 4, 2026, with a conference on November 5, 2026, according to TraderNews. The results will offer the next quantified test of expansion spending, mature-club productivity and the contribution of newer businesses.

Stock context in Brazil

Smart Fit is listed on B3 under ticker SMFT3. Investing.com identifies the company as a Brazilian consumer-cyclicals operator and lists a 52-week range of BRL 14.00 to BRL 26.47, with third-quarter results scheduled for November 4, 2026.

The last available B3 quote stood at BRL 16.99 on October 27, 2026 at 9:32 p.m. BRT. The next report therefore matters more for operating evidence than for the Buddha Spa purchase price alone.