Hidrovias Do Brasil SaBMFBOVESPA: HBSA3

Hidrovias do Brasil: Operational challenges and lower volumes drove weaker Q1 2026 results, but recovery is expected

· Issued by Hidrovias Do Brasil SA

Q1 2026 saw operational and access challenges, especially in the North, leading to a 6% drop in consolidated volumes and lower revenue. Infrastructure improvements and normalized navigability are expected to support recovery, with CapEx ramping up later in the year.

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