Americanas SA (BSP:AMER3)

Q3 2025 Americanas SA - Em Recuperacao Judicial Earnings Call (English, Portuguese) Transcript

Nov 13, 2025 / 02:00 PM GMT

Release Date Price: R$5.2 (-6.31%)

Transcript

Key Points

Positve

Americanas SA (BSP:AMER3) reported a consolidated net revenue of 8.6 billion, showing a growth of 1.4% compared to the previous year.
Same-store sales grew by 10.1%, indicating progress in commercial and operational initiatives.
The company's adjusted EBITDA improved by 215 million compared to the previous period, reflecting stronger physical store sales and operational efficiency.
Americanas SA (BSP:AMER3) successfully reduced its SG&A expenses by 10.5%, now representing 28.3% of net revenue.
The company issued over 400,000 new credit cards, contributing to a 53% growth in its customer and partner platform.

Negative

Americanas SA (BSP:AMER3) is still under judicial recovery, which affects its market credibility and operational flexibility.
The company's gross debt stands at approximately 1.9 billion, primarily composed of public debentures.
Operational cash consumption was 371 million, indicating ongoing financial pressures.
The company faces a challenging macroeconomic environment, which could impact future growth and profitability.
Despite improvements, the company still has accumulated losses, which may delay dividend distributions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMER3.SA - Americanas SA - Em Recuperacao Judicial
Q3 2025 Americanas SA - Em Recuperacao Judicial Earnings Call (English, Portuguese)
Nov 13, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and thank you for standing by.

Welcome to Americana's SA 3rd quarter 2025 earnings conference call.

For those who need simultaneous interpretation, this feature is available on the platform.

To access it, just click the interpretation button through the gloom icon at the bottom of your screen.

And choose your preferred language, Portuguese or English.

For those listening to the English channel, there is also the option to mute the original Portuguese audio by clicking on mute original audio.

We inform you that this video conference is being recorded and will be available on the company's IRR

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