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Grupo Casas Bahia (BHIA3) investor relations material
Grupo Casas Bahia Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Achieved eight consecutive quarters of EBITDA margin improvement, reaching 8.5% in Q3'25, with positive free cash flow and R$825 million GMV growth year-over-year.
Transformation Plan and operational efficiency drove productivity, cost discipline, and digitalization, with strong omnichannel and e-commerce performance.
Strategic partnership with Mercado Livre launched, expanding digital presence, operational synergies, and incremental margin opportunities.
Maintained a conservative approach to credit and capital structure, preparing for future macroeconomic improvements.
Generated R$488 million in free cash flow in Q3'25 and maintained a liquidity balance of R$3.0 billion.
Financial highlights
Net revenue for Q3'25 was R$6.87 billion, up 7.3% year-over-year; gross profit reached R$2.06 billion, up 1.9% year-over-year.
Consolidated GMV grew 8.5% YoY to R$10.5 billion; online GMV up 12.7% YoY, 3P up 17.7% YoY.
Adjusted EBITDA for Q3'25 was R$587 million, a 19.6% year-over-year increase; margin improved 80 bps to 8.5%.
SG&A as % of net revenue improved by 240 bps to 22.5%; SG&A expenses down 3.2%.
Free cash flow for the last 12 months totaled R$1.6 billion, up R$1.1 billion year-over-year.
Outlook and guidance
Focus on sustained growth, profitability, and operational efficiency through digital expansion, credit solutions, and Transformation Plan execution.
Ready for Black Friday 2025 with new sales channels, well-supplied stores, and integrated omnichannel marketing initiatives.
AI-driven pricing fully implemented online, with rollout to physical stores planned to enhance competitiveness and margins.
Conservative growth assumptions for 2026, with incremental gains expected from macro tailwinds, World Cup, and electoral year.
Targeting further margin expansion and cash flow generation, with investments in technology and logistics.
How to mitigate financial results impact on net loss?
Gross margin pressure vs SG&A gains outlook?
BNPL growth strategy and credit risk management?
Mercado Livre alliance: Why now and margin impact
Capital structure: Specific levers and timing
BNPL growth strategy and macro acceleration
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Next Grupo Casas Bahia earnings date
Q4 202527 Mar, 2026
Next Grupo Casas Bahia earnings date
Q4 202527 Mar, 2026
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Frequently asked questions
Via S.A., together with its subsidiaries, engages in the retail of consumer electronics, home appliances, telephony, and furniture in Brazil. It operates through Retail and Credit segments. The company offers its products under various brands, including Casas Bahia, Pontofrio, Ricardo Eletro, EXTRA Hipermercado y Minimercado, VIAVAREJO.COM and Móveis Bahia. It also provides credit solutions through various channels to retailers and suppliers; and supports its customers through customer service solutions comprising customer service systems; logistics services; and modular furniture solutions comprising a range of products in wood/fiberboard doors from door frames to complete kitchens.
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