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Grupo Multi (MLAS3) investor relations material
Grupo Multi Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue reached R$1,069.5 million in 3Q25, up 15.0% from 2Q25 and 32.0% year-over-year, driven by the Corporate segment and improved profitability focus in retail segments.
EBITDA was R$67.5 million, up R$36.7 million from 2Q25 and R$63.3 million from 3Q24, with margin improvement to 6.3%.
Net income totaled R$65.6 million, reversing a loss of R$45.8 million in 2Q25 and up R$64.1 million from 3Q24.
Operational cash flow generation was R$131.7 million in the quarter, more than double 2Q25.
Financial highlights
Gross margin improved to 25.1%, up 0.2 p.p. from 2Q25 and 0.5 p.p. from 3Q24.
Gross profit reached R$268.1 million, up 16.0% from 2Q25 and 34.6% from 3Q24.
Leverage (Net Debt/EBITDA LTM) dropped to 0.22x from 2.10x in 2Q25 and 2.92x in 1Q25.
Net debt at quarter-end was R$30.8 million, with cash and equivalents of R$470.3 million.
R$145.0 million reduction in company debt during the quarter.
Outlook and guidance
Focus on operational efficiency, working capital optimization, expense control, and debt reduction.
Monetization strategies and funding from BNDES are planned for the second half of 2025, with a financing agreement for up to R$294.1 million to support innovation and digitalization.
Active portfolio management includes the sale of the pet hygiene mats business and a new exclusive partnership for Cuisinart products in Brazil.
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