Vicunha Têxtil swings from loss to profit, posting R$ 18.8 million in the first half of 2026
Vicunha Têxtil closed the first half of 2026 (1H26) with positive results and improvements in key financial indicators. The company posted net revenue of R$ 1.043 billion and swung from a net loss of R$ 33.9 million in the same period of 2025 to a net profit of R$ 18.8 million.
This result was accompanied by improved profitability and reduced indebtedness. During the period, EBITDA reached R$ 113 million, with an 11% margin, compared to R$ 85 million and a 7% margin in the first half of 2025. This performance also surpassed the EBITDA recorded for the full year of 2025, which stood at R$ 96 million.
Operational efficiency drives results
According to Vicunha, the improved results reflected a realignment of the product mix, efficiency gains, and greater discipline in cost management. A reduction in working capital also helped strengthen the company’s cash position and support the financial reorganization process.
The gross margin rose from 17% at the end of 2025 to 19% in the first half of 2026, signaling improved operational profitability despite a challenging macroeconomic environment.
“Our turnaround didn’t happen by chance. We operated based on a triad of strategic focus, execution discipline, and team engagement. We realigned our product mix, reorganized processes, implemented rigorous financial controls, and reoriented our teams—identifying priorities and allocating resources so that everyone could play a leading role in this transformation,” explains Marco Antônio Branquinho Junior, CEO of Vicunha Têxtil.
Vicunha reduces debt
The liquidity management strategy also contributed to the company’s deleveraging. Net debt fell from R$ 770 million to R$ 720 million, while the financial leverage ratio moved from 3.2x in 2024 to 2.9x in 2025, reaching 2.7x in the first half of 2026.
In August 2026, the company made further progress in this process by amortizing R$ 220 million of its gross debt—an amount equivalent to 18% of the total. The payment represented the full settlement of a tranche within the amortization schedule for the CRA (Agribusiness Receivables Certificate).
Another indicator that showed improvement was the impact of financial results on cash flow. The figure dropped from R$ 180 million in cash consumption during 2025 to R$ 52 million in the first half of 2026.
“We have been working hard on managing our ‘jeansidentity,’ and our operating results gave us the financial breathing room for a significant move, such as the full repayment of debts. We continue to optimize cash flow and keep investments under control, with a constant focus on deleveraging,” says Rafael Pavão, CFO of Vicunha.
Driven by a combination of greater operational efficiency, margin recovery, and reduced indebtedness, the results for the first half of 2026 signal progress in Vicunha Têxtil’s strategy to strengthen its financial structure and boost the profitability of its operations.
About Vicunha
Recognized worldwide for its high standards of quality and sustainability, Vicunha is a Brazilian multinational with a presence in Latin America, Europe, and Asia. With nearly 60 years in the market, it is a global benchmark in jeanswear solutions, operating in the denim and twill fabric segments. Beyond innovative products, the company brings market intelligence to the customization of services covering fashion trends, sustainability, design, and wash finishes. This positions Vicunha as a “one-stop shop”—a business model that allows it to meet customer needs in a single location, helping to enhance their competitiveness through integrated solutions. Celebrating the diversity of a constantly evolving world, Vicunha’s purpose is to foster jeanswear culture, ensuring that everyone, everywhere, can find their perfect pair of jeans.