{"url":"https://newsforagent.com/news/2026-11-05/comerc-energia-helio-valgas-q3-profit","markdown_url":"https://newsforagent.com/news/2026-11-05/comerc-energia-helio-valgas-q3-profit.md","title":"Comerc Energia Unit Posts R$ 72.88 Million Q3 Profit","headline":"Comerc Energia's Hélio Valgas Solar Swings to R$ 72.88 Million Third-Quarter Profit","description":"Hélio Valgas Solar, a Comerc Energia subsidiary, posted R$ 72.88 million in third-quarter net profit, reversing a year-earlier loss.","section":"Earnings & Results","published_at":"2026-11-05T20:26:47+00:00","modified_at":"2026-11-05T20:26:47+00:00","author":"News Desk","key_takeaways":["Hélio Valgas Solar reported third-quarter 2026 consolidated net profit of BRL 72.88 million, reversing a BRL 109.71 million loss a year earlier.","Net revenue fell to BRL 67.52 million from BRL 86.54 million, while net financial income reached BRL 43.96 million.","Cash rose to BRL 161.54 million at September 30, 2026, mainly reflecting BRL 112.28 million from swap settlements."],"companies":[{"name":"Comerc Energia","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00021qt/comerc-energia","website":"https://www.comerc.com.br"}],"source":{"publisher":"The future of trading","title":"Comerc Energia subsidiary Hélio Valgas Solar swings to Q3 profit of R$ 72.88 million","url":"https://capital.com/en-int/news/comerc-energia-subsidiary-helio-valgas-solar-swings-to-q3-profit"},"other_sources":[],"tags":["Earnings & Results","Comerc Energia"],"body_markdown":"Hélio Valgas Solar Participações, a subsidiary of Comerc Energia, posted consolidated net profit of BRL 72.88 million for the third quarter of 2026, reversing a BRL 109.71 million loss a year earlier. [The future of trading](https://capital.com/en-int/news/comerc-energia-subsidiary-helio-valgas-solar-swings-to-q3-profit) published the figures on November 5, 2026.\n\n## How Hélio Valgas Solar Reversed Its Loss\n\nNet revenue at the subsidiary fell to BRL 67.52 million from BRL 86.54 million a year earlier. Net financial income reached BRL 43.96 million, compared with a net financial expense of BRL 111.4 million in the year-earlier quarter.\n\nFor the nine months to September 30, 2026, the consolidated net loss narrowed to BRL 6.71 million from BRL 598.87 million a year earlier. Cash stood at BRL 161.54 million at September 30, 2026, primarily reflecting BRL 112.28 million from swap settlements.\n\n[Comerc Energia](https://akta.pro/company-profiles/00021qt/comerc-energia) is a Brazilian energy management and commercialization platform serving more than 2,000 companies across more than 4,500 consumer units in the country's Free Energy Market, according to akta.pro [company records](https://akta.pro/company-data). The São Paulo-based company, founded in 1999, is a wholly-owned subsidiary of Vibra Energia and holds more than 6% of Brazil's total energy load.\n\n## Comerc Energia's Scale and Ownership\n\nThe same records show Comerc generated R$5.7 billion in economy for its Free Energy Market clients in 2024, up from R$3.2 billion in 2023. Vibra Energia acquired the remaining 50% of Comerc for R$3.52 billion in August 2024, completing a prior R$3.25 billion acquisition of the first 50% in 2021.\n\nIn February 2026, Vibra entered advanced discussions with French energy group EDF to bring in a strategic partner for Comerc, a step that would reduce Vibra's stake to 50% or less. In March 2026, Comerc and Eucatex partnered on the 269 MWp Castilho Solar Plant, which supplies 50% of Eucatex's factory electricity consumption under a generation partnership.\n\n## Comerc Energia's Recent Quarter and Market Opening\n\nComerc Energia's net debt fell R$166 million to R$2.74 billion in the third quarter of 2026, and its net debt-to-EBITDA ratio declined to 3.4 times from 3.8 times the prior quarter, the lowest level in four years, The future of trading reported on November 4, 2026.\n\nBrazil's low-voltage commercial and industrial consumers can choose electricity suppliers starting November 25, 2027, under Decree 13.097/2026, The future of trading reported on October 14, 2026. Residential and other low-voltage consumers gain access on November 25, 2028, enabling direct negotiation of prices and terms.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}