Uniao Pet Participacoes (AUAU3) Q1 2026 earnings summary

Executive summary

• First quarter of 2026 marks the inaugural consolidated results post-merger, with integration progressing on schedule and strong operational execution across brands and channels.

• Revenue growth and operating leverage driven by omnichannel strategy, private label expansion, and disciplined efficiency.

• Integration milestones on track, with high adherence to the 100-day plan and robust governance structures established.

• Net income surged 942.2% year-over-year to R$7.9 million, reflecting operational efficiency and margin improvement.

Financial highlights

• Gross revenue reached BRL 2 billion, up 9.7% year-over-year; Petz +10.2%, Cobasi +9.6%.

• Adjusted EBITDA rose 37.8% year-over-year to BRL 166.6 million, margin at 9.8%.

• Adjusted net profit grew 45% year-over-year; adjusted net income increased 45.3%.

• Gross margin expanded by 0.4 percentage points to 46.8%.

• Digital channel revenue grew 12.7%; offline channel up 8%.

Outlook and guidance

• Targeting BRL 200–260 million in incremental EBITDA annually over five years from synergies, with 0–10% expected capture in 2026.

• Five-year synergy capture plan in place, with major gains contingent on ERP migration and legal entity consolidation.

• Store expansion pace in 2026 to match 2025, with acceleration planned for 2027.