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Guararapes Confecções (GUAR3) investor relations material
Guararapes Confecções Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record consolidated EBITDA of R$1.8 billion and net income of R$512 million in 2025, more than double the previous year, driven by disciplined execution, operational improvements, and efficiency across strategic pillars.
Transformation initiatives included new leadership, strategic board creation, significant inventory reduction, cash generation, and lower leverage.
Sale of Midway Mall for R$1.6 billion in December 2025, enabling record dividend distribution and aligning with a strategy to focus on core business and improve capital structure.
Relaunch of Pool and Riachuelo brands, new store concept, and rebranding with ticker change from GUAR3 to REAL3/RIAA3.
Focused on five strategic pillars: experience, footprint, fashion efficiency, financial services, and capital structure optimization.
Financial highlights
Consolidated net revenue reached R$10.5 billion in 2025, up 9.0% from 2024; 4Q25 net revenue was R$3.2 billion, up 5.9% year-over-year.
Q4 apparel same-store sales grew 7.2%, marking 10 consecutive quarters of growth; full-year apparel SSS up 10.3%.
Apparel gross margin reached 56.7% in 2025, highest in seven years; consolidated gross margin was 60.8%.
Q4 net income was R$322 million, up 28.8% year-over-year; full-year net income reached R$512 million, up 117.8% from 2024.
Adjusted consolidated EBITDA for 2025 was R$1.8 billion, up 18.1% year-over-year; 4Q25 EBITDA margin was 20.6%, highest in five years.
Outlook and guidance
Entering 2026 with confidence in strategic pillars, focusing on maximizing value per sqm, leveraging brand, supply chain, and financial services.
Plan to open 15–20 new stores per year, with a long-term target of 150–200 new stores, focusing on high productivity and lower penetration regions.
Continued focus on margin expansion, leveraging factory utilization, pricing, and product mix.
Store renovations and omni-channel expansion expected to drive incremental same-store sales growth.
Ongoing growth in financial services, with new products and conservative credit policies.
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