# 3tentos profit grows with corn ethanol plant, but margins stay lower

> Brazilian grain company 3tentos reported third-quarter 2026 net profit of R$208.1 million, up 2.5%, with revenue up 17.4% to R$5.8 billion. Adjusted EBITDA margin fell to 3.9% from 7.4% as operating expenses rose, despite its new corn ethanol plant in Mato Grosso contributing R$312.2 million in revenue.

- Date: 2026-11-12 · published 2026-11-13T06:15:12.033Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/97269-3tentos-profit-grows-with-corn-ethanol-plant-but-margins-stay-lower
- Commodities: [Ethanol](https://feedsoft.ai/c/ETHANOL.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Company earnings reflect corn ethanol production ramping in Mato Grosso, which adds ethanol and DDGS supply in Brazil; the story does not move feed commodity prices on its own.

## Read by commodity

- DDGS: neutral
- ETHANOL: neutral

## Sources

- agfeed.com.br: https://agfeed.com.br/negocios/lucro-da-3tentos-cresce-com-usina-de-etanol-de-milho-mas-margens-seguem-menores/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.