By Brazil Stock Guide – Brazilian electronics maker Intelbras S.A. (B3: INTB3) posted net income of R$147.9 million ($26 million) in the third quarter of 2025, up 14.3% year on year, as efficiency gains and tight cost control offset a 9.6% drop in consolidated net revenue to R$1.12 billion.
EBITDA came in at R$144 million, down 4.3%, but the margin improved to 12.8%, reflecting operational discipline and selective sales strategy. The pre-tax ROIC reached 14.5%, rising from 13.6% in 2Q25, underscoring the benefits of Intelbras’s shift toward profitability after an expansion-heavy cycle between 2020 and 2024.
The Security segment expanded 4.4%, while ICT and Energy segments declined 12.7% and 39.4%, respectively, as the company focused on higher-return businesses. Operating cash flow jumped to R$480 million, enabling Intelbras to close the quarter with R$211 million in net cash and a total cash position of R$1.24 billion, even after paying R$69 million in dividends.
Intelbras said it remains committed to “sustainable evolution” and disciplined capital allocation. For 2026, management expects continued margin improvement and higher ROIC, while maintaining selective growth in a challenging macroeconomic environment.
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