Grupo Mateus (GMAT3) posted IFRS 16 post lease net income attributable to the company of R$ 236.8 million in the second quarter of 2026 (2Q26), with a net margin of 2.4%. In the same period, consolidated net operating revenue came to R$ 9.9 billion, growth of 12.2% versus 2Q25, considering the consolidation of Novo Atacarejo.
In 2Q26, EBITDA (earnings before interest, taxes, depreciation and amortization) post IFRS 16 reached R$ 681.6 million, with an EBITDA margin of 6.9%, 1.1 percentage point above 1Q26, supported by an improvement in gross margin and lower operating expenses. Gross profit was R$ 2.3 billion, up 10.4% year over year, with a gross margin of 23.5%.
In the first half of 2026 (6M26), Grupo Mateus reported net revenue of R$ 19.3 billion, an increase of 12.5% over 6M25, gross profit of R$ 4.5 billion, growth of 13.1%, and EBITDA post IFRS 16 of R$ 1.2 billion, with a margin of 6.4%. Net income attributable to Grupo Mateus in the half-year totaled R$ 449.7 million, with a net margin of 2.3%.
Same-store sales (SSS) stood at -8.0% in 2Q26, versus 6.1% in 2Q25, and -7.7% in 6M26, compared to 5.7% in 6M25, reflecting pressured consumption and lower sales in the Balcão channel of the cash-and-carry stores. The company closed June 2026 with a cash conversion cycle of 42 days, an improvement of 15 days compared to 2Q25, and consolidated net debt of R$ 1.1 billion, equivalent to 0.51x adjusted pre-IFRS 16 EBITDA for the last 12 months.
At the end of 2Q26, the group had 234 food retail stores and 313 units in operation, supported by 18 distribution centers. In the quarter, six food retail stores were opened, including two cash-and-carry stores under the Novo Atacarejo banner, three supermarkets and one Mateus hypermarket, in addition to the first unit under the Mix Toureiro Farma banner, marking the company’s entry into the pharmaceutical segment.
