Rumo Posts US$127 Million Profit as Record Grain Volumes Meet Higher Costs
Rumo earned R$688 million (about US$127 million) in the second quarter of 2026, down about 6% from a year earlier. The rail operator hauled a record volume of grain and lifted revenue, but higher fuel and financing costs left profit a shade lighter and the shares fell. The post Rumo Posts US$127 Million Profit as Record Grain Volumes Meet Higher Costs appeared first on The Rio Times .
Brazilian rail freight operator Rumo reported a profit of US$127 million (R$688 million) for the second quarter of 2026, marking a 6% decrease compared to the previous year. Despite hauling a record 23.8 billion tonne-kilometres useful (TKU), a 9% increase from the year before, higher fuel and financing costs led to a softer profit.
Grain shipments, particularly soybeans and corn, drove the record volumes. Net revenue climbed 6.2% to R$3.94 billion (US$730 million), but average freight prices softened, preventing full profit gains. Higher fuel bills and increased debt interest contributed to the profit decline, with net debt rising 21.8% to R$17.3 billion (US$3.2 billion).
Adjusted EBITDA stood at R$2.27 billion (US$420 million), near flat compared to the same period last year. Despite the profit dip, analysts view Rumo's results positively due to the record cargo volumes and robust EBITDA margin.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
