Alpargatas (ALPA3, ALPA4) reported net income of R$ 175.5 million in 3Q26, up 2.4% from 3Q25, when the result was R$ 171.3 million. Consolidated net revenue totaled R$ 1.2 billion (R$ 1,239.7 million), an increase of 11.1% over the same period of the previous year.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, excluding extraordinary items) was R$ 283.5 million, up 10.9% from R$ 255.7 million in 3Q25. The adjusted EBITDA margin was 22.9%, stable year over year. Gross profit totaled R$ 653.2 million, up 11.5%, with a gross margin of 52.7%. Operating expenses reached R$ 436.6 million, up 12.1%, due to higher spending on marketing, personnel and distribution.
At Havaianas Brazil, net revenue was R$ 989.7 million, up 13.5%, with 55.2 million pairs sold (+6.9%). The operation's EBITDA was R$ 267.2 million, with a margin of 27.0%, down 2.6 p.p. In the international operation, revenue was R$ 235.6 million (+2.3%) and EBITDA was R$ 16.6 million, compared with a loss of R$ 5.8 million in 3Q25. International volume was 5.6 million pairs (+14.6%).
Rothy's, of which Alpargatas holds 48.8%, had revenue of US$ 50.9 million (+12.3%) and negative EBITDA of US$ 2.2 million. Equity income was negative R$ 12.8 million in the quarter.
Net debt was R$ 353.2 million, equivalent to 0.3 times adjusted EBITDA for the last 12 months. Investment (CAPEX) in the quarter was R$ 65.0 million, within the R$ 243 million budget for 2026. Over nine months, net income totaled R$ 508.0 million, up 37.0%.
