On Thursday, August 6, 2026, Allos (ALOS3) reported that FFO (Funds from Operations, an indicator of operating cash generation) totaled R$ 340.8 million in the second quarter of 2026 (2Q26), an increase of 12% compared to 2Q25. Net revenue in 2Q26 was R$ 732.3 million, growth of 11.6% versus the same period of the previous year, driven mainly by the media and real estate development verticals.
In 2Q26, adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), excluding the straight-line rent adjustment, reached R$ 525.4 million, an increase of 10.5% over 2Q25, with a margin of 71.7%. The company also highlighted a 5.6% reduction in selling, general and administrative expenses (SG&A), which totaled R$ 105.8 million in the quarter.
Net income attributable to controlling shareholders in 2Q26 was R$ 294.0 million, an advance of 57.7% compared to R$ 186.5 million in 2Q25, considering the figures without the straight-line rent adjustment. NOI, which measures the operating result of the malls, reached R$ 601.3 million in the quarter, growth of 3.8% on the same basis.
Allos reported that net debt closed 2Q26 at R$ 3.68 billion, with a net debt/EBITDA ratio of 1.7x and an average cost of CDI + 0.57% per year. The company also completed a CRI (Certificado de Recebíveis Imobiliários, or Real Estate Receivables Certificate) issuance of R$ 1 billion in April 2026, with maturities in 5, 7 and 10 years.
For 2026, Allos reiterated its guidance for EBITDA between R$ 2.17 billion and R$ 2.24 billion, capex between R$ 350 million and R$ 450 million, and the distribution of dividends and interest on equity (JCP) between R$ 0.27 and R$ 0.29 per share per month. According to the company, R$ 1.2 billion has already been paid in 2026 in dividends and interest on equity.
