Allied Tecnologia S.A. (ALLD3) Q4 2025 earnings summary

Executive summary

• Net revenue reached R$1,501.7 million in 4Q25, up 8.3% year-over-year, driven by resilient performance in Brazil and a rebound in international operations.

• Recurring EBITDA grew 17.6% year-over-year to R$63.6 million, with a stable margin of 4.2%.

• Maintained positive net income in every quarter since IPO, with net profit for 2025 more than doubling to R$332.7 million, supported by strong operating profit and a one-time tax receivable gain.

• Delivered a 14.2% dividend yield and 37.5% total shareholder return, including a capital reduction.

• Financial statements for 2025 were audited and present fairly the financial position and performance in accordance with Brazilian and IFRS standards.

Financial highlights

• Net revenue for 2025 reached R$5,504.6 million, with gross profit of R$630.5 million and operating profit before finance costs at R$503.8 million.

• Gross margin for 4Q25 was 12.3%, and for the year was approximately 11.5%.

• Adjusted EBITDA was R$63.6 million in 4Q25, up 17.6% year-over-year.

• Net debt reduced to R$48.1 million (0.2x LTM EBITDA), with a strong year-end cash position of R$375.9 million.

• Net profit for the year was R$332.7 million, more than double the R$145.5 million reported in 2024.

Outlook and guidance

• Strategic focus on operational efficiency, logistics, and multi-channel capabilities positions the company for growth in 2026.

• Continued expansion in refurbished devices (Trocafy), B2C partnerships, and B2B solutions expected to drive medium- and long-term growth.

• Management is monitoring the impacts of Brazil's tax reform and Pillar 2 OECD rules, but no financial statement impact was recognized for 2025.