Multilaser (MLAS3) Posts Net Income of R$ 101.9 Million in 3Q26

Compared with 2Q26, net income fell 28.3% (R$ 142.2 million) and revenue declined 5.0% (R$ 959.8 million). In the nine-month period, net income was R$ 367.5 million, up 145.0%, and revenue totaled R$ 2,744.4 million, a change of -0.7%.

Gross profit was R$ 283.4 million, up 5.7% from 3Q25, with a gross margin of 31.1% (+6.0 p.p.). The margin fell 3.2 p.p. from 2Q26, due to higher international input and logistics costs. EBITDA (earnings before interest, taxes, depreciation and amortization) reached R$ 97.8 million, up 44.8%, with a margin of 10.7%. Excluding the R$ 20.0 million provision for losses related to Grupo Casas Bahia, adjusted EBITDA would have been R$ 117.8 million, with a margin of 12.9%, relatively stable versus 2Q26 even with lower revenue.

Operating expenses fell to R$ 199.2 million, a 7.0% reduction from 3Q25, and general and administrative expenses totaled R$ 28.5 million, or 3.1% of revenue. Operating cash generation was R$ 264.1 million in the quarter and R$ 564.8 million in the nine-month period, reversing cash consumption of R$ 133.7 million in the same period of 2025. Gross debt fell 36.6% year over year to R$ 317.8 million, with 66.5% due in the long term. Cash and cash equivalents stood at R$ 970.7 million, and leverage (net debt to trailing 12-month EBITDA) was -1.76x. On 11/09/2026, the company received R$ 50.0 million from the 2nd tranche of BNDES financing.

By segment, Corporate revenue was R$ 580.4 million (-8.2%), Consumer Tech was R$ 248.2 million (-26.0%), and Specialized Consumer was R$ 83.3 million (-18.3%). The company says it is maintaining a cautious stance for the end of the year and the next fiscal year, given restrictive interest rates and pressured consumption.