DASA reported a BRL 230mn increase in net debt in 1Q26 due to working capital pressure, keeping leverage at 3.1x. This offset operational gains in diagnostics (15% YoY revenue growth) and improved margins at Rede Americas.
Key Takeaways
- 1.Net debt increased by BRL 230 million quarter-on-quarter, primarily due to deteriorating accounts receivable impacting working capital.
- 2.Leverage remains a primary concern with the pro-forma net debt/EBITDA ratio stagnant at 3.1x.
- 3.The diagnostics business unit showed strong performance with 15% year-on-year revenue growth driven by higher volumes.
Table of Contents
- Summary of DASA's 1Q26 Results
- Valuation
- Disclosure Appendix
- Price target and rating history chart(s)
- Regulatory disclosures
- Ratings, coverage universe and related definitions
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Authors
Gustavo Miele
Securities
DASA3.SA
Themes
Deleveraging and Debt ManagementWorking Capital Efficiency
Regions
Latin AmericaBrazil