Magazine Luiza (MGLU3) reported this Thursday, August 6, 2026, that it recorded adjusted EBITDA of R$ 708.8 mn in the second quarter of 2026 (2Q26), with a margin of 8.0%. In the period, adjusted net income was a negative R$ 50.4 mn, while the reported net result was a negative R$ 72.5 mn.
In 2Q26, total sales came to R$ 14.5 bn, down 5.1% from 2Q25. Physical stores sold R$ 5.2 bn, a 10.3% increase in total sales, while e-commerce, including owned inventory (1P) and marketplace (3P), fell 11.9% to R$ 9.3 bn. Gross revenue reached R$ 11.1 bn and net revenue was R$ 8.9 bn, declines of 2.2% and 2.6%, respectively, in the annual comparison.
Gross margin stood at 30.6% in 2Q26, slightly above the 30.5% a year earlier. EBITDA (earnings before interest, taxes, depreciation and amortization) totaled R$ 675.3 mn on a reported basis, with a margin of 7.6%. Adjusted operating expenses represented 23.3% of net revenue, with selling expenses equivalent to 18.5% and general and administrative expenses at 3.8% of revenue.
In the quarter, the company generated operating cash flow of R$ 258.8 mn, totaling R$ 1.6 bn over the last 12 months. At the end of June 2026, Magalu had adjusted net cash of R$ 806 mn and total cash position of R$ 5.8 bn, considering cash, financial investments and available credit card receivables. Gross debt was R$ 4.9 bn, a reduction of R$ 1.3 bn in 12 months.
In the financial vertical, the total payment volume (TPV) processed by Magalupay reached R$ 24.7 bn in 2Q26. Luizacred posted net income of R$ 135.3 mn in the quarter, with an annualized return on equity (ROE) of 23.5%, and a credit card portfolio of R$ 20.2 bn. Magalupay SCFI, in turn, ended the period with a net credit portfolio of R$ 429 mn and net income of R$ 17 mn.
