Allpark Empreendimentos Participações e Serviços (ALPK3) Q2 2025 earnings summary

Executive summary

• 2Q25 net revenue reached a record R$461.5 million, up 19.8% YoY; adjusted EBITDA rose 15.2% to R$88.8 million, and net income was R$6.1 million.

• Portfolio reached 789 operations across 103 cities and 19 states, with 17 openings in Q2 and churn of 0.04%.

Financial highlights

• 6M25 revenue rose 17.5% to R$886.6 million; net income was R$3.5 million, versus a R$8.8 million loss in 6M24.

• Q2 adjusted EBIT rose 31.1% to R$45.5 million; adjusted EBITDA margin was 19.2%.

• Adjusted cash gross profit increased 14.9% YoY to R$123.1 million; reported gross margin was 31.0%, down 2.0 p.p. YoY.

• Operating cash flow was R$233.4 million in 6M25, versus R$192.9 million in 6M24; June-end cash and equivalents were R$323.7 million.

Outlook and guidance

• Growth priorities include organic expansion in leased and managed operations, a lower-capital-intensity model, and further development of digital mobility services.

• Management expected good Q3 results, citing an operating pace through early August consistent with or better than Q2; it sees room to improve margins through growth and cost control.