ASSAÍ REPORTS 55% PROFIT SURGE AND DELEVERAGES IN Q3

(FSE:ALZC) Assaí reported its financial results for the third quarter of 2026 (3Q26), emphasizing the resilience of its business model amid a pressured consumer environment. Adjusted recurring net income reached R$ 248 million, representing a 55.2% increase compared to 3Q25. Accounting net income totaled R$ 427 million, up 119%, driven by R$ 179 million in extemporaneous PIS/COFINS tax credits. Customer traffic increased by 2.1%, surpassing 40 million customers per month. Gross revenue reached R$ 21.3 billion, a 2.7% increase, supported by a rise in gross margin to 17.2% (up 0.45 percentage points) and strict expense control, with expenses rising 4.2%, below the inflation rate (IPCA of 4.4%). Adjusted EBITDA totaled R$ 1.1 billion, maintaining a stable margin of 5.7%. Operating cash flow generation was strong at R$ 3.3 billion over the past 12 months, enabling a reduction in leverage to 2.15x from 3.03x in 3Q25. The company achieved a lower cost of debt and a 61% drop in the cost of receivables discounting, resulting in an 8.8% reduction in net financial expenses. CEO Belmiro Gomes stated that the company delivered top-line growth, stable market share, preserved profitability, and reduced leverage, while remaining focused on cash generation, competitive pricing, operational efficiency, and financial discipline. In the healthcare segment, Assaí Farma closed the period with 11 units in São Paulo, all opened between July and November, and remains on track to reach its target of 25 pharmacies by December. The company launched its own e-commerce within the 'Meu Assaí' app, offering in-store pickup options, and expanded the dietary supplement category to 300 stores. In Private Label, over 30 new items were launched during the quarter, reaching 140 SKUs across the Assaí, Assaí Chef, Econobom, and new Assaí Bloom brands, with plans to reach 250 SKUs by year-end. In the Digital and Convenience pillar, last-mile sales grew by 204% across 104 stores. The acquisition of 18 gas stations in São Paulo consolidates a new convenience front, with operations scheduled to begin in August 2027.

(FSE:ALZC) Assaí reported its financial results for the third quarter of 2026 (3Q26), emphasizing the resilience of its business model amid a pressured consumer environment. Adjusted recurring net income reached R$ 248 million, representing a 55.2% increase compared to 3Q25. Accounting net income totaled R$ 427 million, up 119%, driven by R$ 179 million in extemporaneous PIS/COFINS tax credits. Customer traffic increased by 2.1%, surpassing 40 million customers per month, despite household indebtedness. Gross revenue reached R$ 21.3 billion, a 2.7% increase, supported by a rise in gross margin to 17.2% (up 0.45 percentage points) and strict expense control, with expenses rising 4.2%, below the inflation rate (IPCA of 4.4%). Adjusted EBITDA totaled R$ 1.1 billion, maintaining a stable margin of 5.7%. Operating cash flow generation was strong at R$ 3.3 billion over the past 12 months, enabling a reduction in leverage to 2.15x from 3.03x in 3Q25. The company achieved a lower cost of debt and a 61% drop in the cost of receivables discounting, resulting in an 8.8% reduction in net financial expenses. CEO Belmiro Gomes stated that the company delivered top-line growth, stable market share, preserved profitability, and reduced leverage, while remaining focused on cash generation, competitive pricing, operational efficiency, and financial discipline. In the healthcare segment, Assaí Farma closed the period with 11 units in São Paulo, all opened between July and November, and remains on track to reach its target of 25 pharmacies by December. The company launched its own e-commerce within the 'Meu Assaí' app, offering in-store pickup options, and expanded the dietary supplement category to 300 stores. In Private Label, over 30 new items were launched during the quarter, reaching 140 SKUs across the Assaí, Assaí Chef, Econobom, and new Assaí Bloom brands, with plans to reach 250 SKUs by year-end. In the Digital and Convenience pillar, last-mile sales grew by 204% across 104 stores. The acquisition of 18 gas stations in São Paulo consolidates a new convenience front, with operations scheduled to begin in August 2027.