On Monday, August 3, 2026, Pague Menos (PGMN3) reported adjusted net income of R$ 73.6 million in the second quarter of 2026 (2Q26), an increase of 22.2% compared to 2Q25, with an adjusted net margin of 1.7%. Over the last 12 months, adjusted net income totaled R$ 340.8 million.
In 2Q26, the company’s gross revenue came to R$ 4.343 billion, up 9.3% from the same period of the previous year, while gross profit reached R$ 1.328 billion, an increase of 8.9%, with a gross margin of 30.6%. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 281.7 million, a 15.4% year-over-year increase, with an adjusted EBITDA margin of 6.5%.
Same-store sales grew 8.0% in the quarter, and mature stores advanced 7.8%. The total store base reached 1,695 units at the end of June, with 8 openings and 1 closing in the quarter. Revenue from digital channels reached R$ 1.045 billion in 2Q26, up 40.6% over 2Q25, representing 24.1% of total sales, while the number of active customers reached 22.6 million, an increase of 2.6%.
The company reported operating cash flow of R$ 188.8 million in 2Q26, three times higher than in 2Q25, totaling R$ 573.4 million over the last 12 months, equivalent to 57.5% of EBITDA for the period. Adjusted net debt stood at R$ 1.803 billion at the end of the quarter, resulting in leverage of 1.8 times adjusted EBITDA for the last 12 months, below the 2.6 times recorded in 2Q25.
The operating cash conversion cycle closed the quarter at 69 days, 5 days above 2Q25 and 3 days below 1Q26, influenced by higher capital employed in inventories due to the start-up of the new distribution center in Paraíba. The company also reported a national market share of 6.7% in 2Q26, a gain of 0.13 percentage point compared to the same period of the previous year.
