Quarterly ResultMay 19, 2026, 05:17 PM
Azul Q1 Profit R$6.02B; Emerges from Chapter 11; Capital Structure Transformed
AI Summary
Azul S.A. reported a significant profit of R$6.02 billion for Q1 2026, a substantial increase from R$1.65 billion in Q1 2025, largely driven by the completion of its Chapter 11 financial reorganization. The company successfully emerged from the process on February 20, 2026, leading to a transformed capital structure, including a R$14.6 billion capital increase and the recognition of R$7.52 billion in deferred tax assets. Total revenue also saw a slight increase to R$5.47 billion, while net working capital improved significantly.
Key Highlights
- Completed Chapter 11 financial reorganization on February 20, 2026.
- Q1 2026 Profit for the quarter surged to R$6.02 billion from R$1.65 billion in Q1 2025.
- Basic profit per common share increased to R$22.86 from R$3.86 year-over-year.
- Recognized R$7.52 billion in deferred tax assets following reorganization.
- Share capital increased by R$14.62 billion due to debt-to-equity conversion and new funds.
- Raised US$1.4 billion through a private placement of senior debt notes (Exit Notes).
- Net working capital improved by R$15.92 billion to R$(7.25) billion.
- Reverse stock split (150,000 to 1) approved, effective April 20, 2026.
- CFO/IRO change effective April 20, 2026, with Mr. Antônio Carlos Garcia appointed.
Price Impact
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