# Tag: adjusted EBITDA

- [GPA’s Loss Widens to R$1.3 Billion as One-Off Charges Hit 1Q26](https://brazilstockguide.com/insights/gpa-1q26-loss-pcar3/) (2026-05-15): Net loss was inflated by R$1 billion in non-cash effects, while adjusted Ebitda rose 12% and margins improved despite weaker sales.
- [Qualicorp Profit Rises to R$19.2 Million, But Revenue Still Shows Pressure](https://brazilstockguide.com/insights/qualicorp-profit-rises-to-r19-2-million-but-revenue-still-shows-pressure/) (2026-05-13): Its administered portfolio keeps shrinking, while cost cuts, cash generation and deleveraging support the company’s turnaround case.
- [Hapvida cuts medical costs, but still owes investors a turnaround](https://brazilstockguide.com/insights/hapvida-cuts-medical-costs-but-still-owes-investors-a-turnaround/) (2026-05-11): Lower medical expenses helped margins in Q1 2026, but health plan membership losses, a net loss and higher leverage kept the recovery incomplete.