Assaí Reports 55% Increase in Adjusted Net Income and Significant Deleveraging for Q3 2026
Assaí (ASAI3) reported strong third-quarter 2026 financial results, characterized by a 55.2% surge in adjusted recurring net income to R$ 248 million. Despite high household indebtedness, the company saw customer traffic rise by 2.1%, with monthly customers exceeding 40 million. Gross revenue grew 2.7% to R$ 21.3 billion, supported by improved gross margins and disciplined expense management that trailed inflation. The retailer successfully reduced its leverage from 3.03x in 3Q25 to 2.15x, driven by robust operating cash flow of R$ 3.3 billion over the last 12 months. Beyond core retail, Assaí is aggressively expanding its ecosystem through 'Assaí Farma' pharmacies, private label brand growth, and a significant expansion in digital last-mile sales, which grew by 204% across select stores.
Topics: EBITDA financial results leverage reduction net income retail expansion revenue growth