FX.co ★ Ibovespa Edges Higher on Corporate Results and Low Unemployment

The Ibovespa edged closer to a new intraday peak of 149,000 on Friday, buoyed by robust corporate earnings and sustained low unemployment figures. Vale saw a slight increase of 0.3% following the announcement of a third-quarter net profit for 2025 amounting to USD 2.68 billion, which marks an 11% rise year-on-year and surpasses the anticipated USD 2.1 billion. Meanwhile, Azul experienced a 3.6% rise on the back of a solidified adjusted EBITDA for Q3 2025 of BRL 613.8 million and total revenues reaching BRL 1.831 billion, accompanied by an operating margin of 20.6% and an EBITDA margin of 33.5%. Irani also gained traction, advancing 1.6% after reporting a 5.3% increase in its Q3 2025 net profit to BRL 42.1 million, with adjusted EBITDA climbing 15.9%. Vulcabras surged 4.4% as its recurring net profit increased by 11.6% and unadjusted profit nearly tripled. Market optimism was further bolstered by the persistently low unemployment rate, which remained at a historic low of 5.6% for the quarter ending in September. However, Gerdau faced downward pressure, decreasing by 1.3% after realizing a 23.9% drop in its adjusted net profit for Q3 2025 to BRL 1.09 billion. Despite yielding positive results, Vivo declined nearly 3%, while Multiplan fell 2.2%, and Marcopolo saw a 5.5% decrease due to profit figures falling short of expectations.