São Paulo, Thursday, August 6, 2026 – Assaí Atacadista (ASAI3) reported pre-IFRS 16 accounting net income of R$ 537 m in the second quarter of 2026, up 103.4% compared to 2Q25. In the period, gross revenue totaled R$ 21.4 bn, an increase of 2.4% year on year, while net revenue was R$ 19.2 bn, growth of 0.9%.
Recurring pre-IFRS 16 net income, which excludes extemporaneous PIS/COFINS credits, reached R$ 344 m, an increase of 93.6% versus the R$ 177 m in 2Q25. Adjusted pre-IFRS 16 EBITDA (earnings before interest, taxes, depreciation, and amortization) came to R$ 1.1 bn, a decline of 0.7% from the previous year, with a margin of 5.6%, practically stable compared to 5.7% in 2Q25.
In the quarter, customer traffic increased 3.4%, surpassing 40 million customers per month, and same-store sales rose 0.9% after calendar adjustment. Recurring pre-IFRS 16 gross margin was 17.1%, an increase of 0.37 percentage point, supported by commercial strategy, the ramp-up of the 138 stores opened over the last five years, and the expansion of 775 service units such as butcher counters, deli sections, and bakeries.
Net financial result was a negative R$ 421 m, equivalent to 2.2% of net revenue, an improvement of 0.8 percentage point compared to 2Q25, driven by lower debt costs, a reduction in the cost of receivables discounting, and the monetary update of tax credits. Operating cash generation over the last 12 months was R$ 3.3 bn and free cash flow reached R$ 2.7 bn, after investments (Capex) of R$ 816 m in the period.
Net debt, including discounted receivables, ended 2Q26 at R$ 12.4 bn, a reduction of R$ 1.4 bn in 12 months, bringing the Net Debt + Discounted Receivables/adjusted pre-IFRS 16 EBITDA leverage ratio to 2.37x, compared to 3.17x in 2Q25 and 2.52x in 1Q26. The company closed the quarter with total cash availability of R$ 7.0 bn, including non-discounted receivables with D+1 liquidity.
