Grupo SBF (SBFG3) investor relations material

Business overview

• Operates as a sports platform with two main business units: Centauro (retail) and Fisia (Nike distributor in Brazil).

• Responsible for about 70% of Nike product sales in Brazil, with exclusive distribution rights.

• Present in 25 states and the Federal District, with 281 stores and four distribution centers.

• Employs over 9,500 people and has a strong digital presence, with 37% of revenue from digital channels.

• Centauro is the largest sports retailer in Latin America, focusing on omnichannel and customer experience.

Financial performance

• Net revenue reached R$8.4 billion (LTM 2Q26), up 14.4% year-over-year.

• Gross profit was R$4.1 billion (+13.5%), EBITDA R$787 million (+5.1%), and net profit R$486.8 million (-7.5%).

• Gross margin at 48.8%, EBITDA margin at 9.4%, and net margin at 5.8%.

• Net debt/EBITDA ratio improved to 0.38x, reflecting strong deleveraging.

• Digital revenue share increased to 37%, with a CAGR of 20.4% in net revenue since 2019.

Centauro highlights

• 229 stores in 112 cities, predominantly in shopping malls, with an average area of 1,032 sqm.

• 75% of sales from physical stores, 25% from digital; average ticket R$288.

• Own brands and licenses represent 20% of revenue, with strong partnerships (Nike, Adidas, Puma, etc.).

• Strategic focus on core sports categories and omnichannel integration for seamless customer experience.

• Growth avenues include new stores, digital expansion, and enhanced omnichannel capabilities.