Q2 2025 Grupo Mateus SA Earnings Call Transcript
Key Points
- Grupo Mateus SA (BSP:GMAT3) reported a robust net revenue growth of 14.9% in the second quarter of 2025, reaching BRL8.8 billion.
- The company achieved a historical level of BRL17 billion in net revenue for the quarter, marking a significant growth of 3.9%.
- EBITDA reached an all-time high of BRL705 million in the quarter, with a growth of over 24% and an EBITDA margin of 8%.
- The company is expanding its store footprint with 16 new stores under construction and another 16 stores under expansion.
- Grupo Mateus SA (BSP:GMAT3) is focusing on a multi-channel approach, which has contributed to a 6.1% growth in same-store sales.
- The company closed 10 eletro stores to improve efficiency, which indicates challenges in that segment.
- Same-store sales growth of 6.1% was slightly below food inflation, indicating pressure on consumer spending.
- The Northeast region faced challenges with higher food inflation compared to the rest of Brazil, impacting performance.
- The cash conversion cycle was 72 days, which is an improvement but still indicates room for better working capital management.
- The company experienced a working capital consumption of BRL473 million in the quarter, partly due to stock management and supplier payment terms.
We'd like to let you all know that this earnings call is being recorded and will be provided on the company's website where you have the full material for the earnings call. You can download the presentation on the chat icon in English as well. (Operator Instructions)
We want to highlight that information in this presentation and possible statements that could be made during the earnings call related to business perspectives and projections as well as operational and financial goals of Grupo Mateus represent beliefs and assumptions of the company's management as well as information that is currently available.
Future statements are not a guarantee of performance. They involve risks, uncertainties, and assumptions as they refer to future events, as they involve circumstances that could not occur. They could affect the results that impact materially those listed in future statements.
Today, we have the presence of our company executives, which are Mr. Ilson Mateus, the Founder and Chair of the Board; Jesuino Martins, the CEO; Tulio Queiroz, the VP and Investor Relations Director
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