Lojas Quero-Quero (LJQQ3) posted a net loss of R$ 46.9 million in 3Q26, compared with a net loss of R$ 42.1 million in 3Q25. The result was impacted by the non-recognition of a R$ 15.5 million deferred tax asset, stemming from a tax loss in the quarter. Excluding this effect, the effect of the stock option plan and the effect of the adoption of IFRS-16, the adjusted loss was R$ 30.8 million, compared with R$ 26.0 million in 3Q25. In the first nine months of 2026 (9M26), the net loss was R$ 159.8 million, compared with R$ 119.3 million in 9M25.
Gross Revenue, Net of Returns and Allowances (RBLD) grew 9.6% and totaled R$ 864.3 million, compared with R$ 788.9 million in 3Q25. Same-store sales (SSS), which compare stores with comparable operations, rose 12.0%. Retail was up 13.1% and accounted for 68.9% of revenue. Financial Services totaled R$ 241.1 million (up 2.5%) and Credit Card, R$ 27.7 million (up 1.5%). Net operating revenue was R$ 750.4 million, up 7.9%.
Gross profit totaled R$ 230.0 million, up 2.0%, with a gross margin of 26.6% on RBLD, 2.0 p.p. below 3Q25 (28.6%). EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 34.4 million, down 3.1% from R$ 35.4 million in 3Q25. Adjusted EBITDA, which excludes the effects of the stock plan, IFRS-16 and non-recurring items, was R$ 3.2 million, compared with R$ 5.1 million in 3Q25, with a margin of 0.4% of RBLD. Operating expenses totaled R$ 229.8 million, up 2.1%, and net financial expense was R$ 46.7 million. Selling expenses rose 2.9% and general and administrative expenses fell 4.1%, which the company attributes to cost discipline and operational efficiency gains.
Adjusted Net Debt was R$ 385.7 million on September 30, 2026, compared with R$ 427.4 million in 3Q25, equivalent to 2.8 times EBITDA for the last 12 months. Investments totaled R$ 7.9 million, down 39.2%, and R$ 24.1 million in 9M26. The company ended the quarter with 578 stores, after opening 2 units, in Rondon (PR) and Rosana (SP). The net VerdeCard credit card portfolio reached R$ 1,664 million, up 10%. The over-90-day delinquency rate in the VerdeCard portfolio was 12.4%, compared with 11.7% in 3Q25. The company reported a more restrictive stance on credit granting, which slowed financial services revenue and pressured the services margin, at 35.6% versus 41.3% in 3Q25.
