Allied (ALLD3) Reports Net Income of R$ 33.8 Million in 3Q26

Recurring net income rises 56.7% to R$ 58.6 million; net cash reaches R$ 184.2 million

Editorial Team Visno InvestPublished 11/12/2026 18:42Updated 11/12/2026 18:44

ALLD3AlliedR$ 6.10as of 11/11/2026Price, ratios and dividends

Allied (ALLD3) reported reported net income of R$ 33.8 million in 3Q26, down 87.1% from 3Q25, when the company had recognized net non-recurring effects of R$ 225.2 million, mainly from the sale of Lei do Bem tax credit rights. The result was impacted by a non-recurring allowance for doubtful accounts (PDD) of R$ 37.6 million at the EBITDA level (earnings before interest, taxes, depreciation and amortization) and R$ 24.8 million at the net income level, tied to a retail client that filed for judicial reorganization. Excluding these effects, recurring net income was R$ 58.6 million, up 56.7% from 3Q25, with a net margin of 3.9% (+1.3 p.p.).

Net revenue totaled R$ 1.49 billion in the quarter, up 5.6% from 3Q25, when it was R$ 1.41 billion. In Brazil, revenue grew 24.7%, with Brazil distribution advancing 29.7%. The international operation (Miami) saw revenue fall 41.3% in reais, from R$ 408 million to R$ 240 million. In dollars, the decline was 37.4%, due to a global supply restriction on entry-level models.

Gross profit was R$ 181.1 million, up 20.4%, with a gross margin of 12.1% (+1.5 p.p.). Recurring EBITDA reached R$ 71.3 million, up 40.0%, with a margin of 4.8% (+1.2 p.p.). Reported EBITDA was R$ 33.7 million, versus R$ 392.2 million a year earlier. The gross margin of Brazil distribution was 9.3% (+0.8 p.p.).

In the retail channels, brick-and-mortar store revenue grew 16.5%, with same-store sales (SSS) of 20.2% and 92 points of sale. Online channel revenue rose 16.3% to R$ 302.9 million, with Trocafy (refurbished devices) growing 49.0%. B2B revenue advanced 44.6%.

Operating cash generation was R$ 254.5 million and free cash flow was R$ 252.2 million in the quarter, of which R$ 220.7 million came from the change in working capital. The company ended September with cash and investments of R$ 583.7 million and net cash of R$ 184.2 million, versus net debt of R$ 43.5 million in 2Q26. The net debt/EBITDA ratio stood at -0.7x. Return on invested capital (ROIC) was 18.1%. Allied approved JCP (interest on equity) of R$ 60 million, equivalent to R$ 0.6253 per share, with R$ 46.2 million relating to 2025 and R$ 13.8 million to 2026, payable on 11/12/2026.