ALLOS S.A. Reports Significant 12% Growth in FFO for 2Q26

In a remarkable development, ALLOS S.A. (B3: ALOS3), the leading innovative platform for entertainment, lifestyle, and shopping in Latin America, has announced its financial results for the second quarter of 2026 (2Q26). The company is showcasing its resilience and growth, despite the challenging high-interest rate environment.

Financial Highlights

At the end of the second quarter, ALLOS owned interests in 46 shopping centers, covering a total of 1,934 thousand square meters of Total Gross Leasable Area (GLA) and 1,262 thousand square meters of Owned GLA. Additionally, ALLOS provided planning, administration, and leasing services for 6 third-party shopping centers, amounting to 207.6 thousand square meters of GLA.

Steady FFO Growth

The company's Fund from Operations (FFO) reached R$340.8 million in 2Q26, marking a significant increase of 12.0% compared to the same period last year, and 15.8% when excluding Tijuca’s impact. This impressive growth was mainly fueled by momentum in the media sector and real estate development, complemented by efficiency improvements that have streamlined ALLOS's cost structure.

Revenue Performance

ALLOS's net revenues also saw an upward trajectory, arriving at R$732.3 million for 2Q26, an increase of 11.6% year-over-year. This rise was primarily driven by the robust performance of its media and real estate segments. The same-store rent (SSR) for ALLOS shopping centers reached 4.6%, translating to a real terms growth of 3.2%.

Media Expansion Initiatives

A notable highlight is the expansion of the ALLOS media division, which saw an impressive 84.5% jump in revenue, largely attributed to the captivating projects executed during the FIFA World Cup™. This surge contributed to media revenue constituting 10.6% of the company's total income, showcasing ALLOS's strong foothold in the entertainment domain.

Enhancing Operational Efficiency

ALLOS's strategic initiatives to enhance efficiency are reflected in its operational metrics. The company saw its Selling, General and Administrative expenses (SGA) decline by 5.6%, while EBITDA grew by 10.5%, reaching R$525.4 million (+12.7% Ex-Tijuca). This performance demonstrates ALLOS's commitment to optimizing operations and driving profitability.

Positive Sales Momentum

Sales during the quarter showed a commendable increase of 4.6%, amounting to R$10.5 billion across ALLOS malls, with notable performances in both leisure and sporting goods categories. The same-store sales (SSS) growth also reached a positive 2.6%.

Digital Platform Growth

ALLOS digital platform showed remarkable growth, with a GMV of R$1.6 billion, which grew by 31% year-over-year. The platform registered 17 million sessions (+12%), which is an excellent indication of customer engagement across its 37 malls. The recently introduced Benefits Program further encouraged foot traffic, increasing visitor frequency by 15%.

Shareholder Value Return

In terms of returns to investors, ALLOS has maintained its commitment to shareholders, distributing R$1.2 billion through dividends and interest on equity (IOE) within 2026. The company’s leverage remains well-regulated, with a Net Debt to EBITDA ratio of just 1.7x, ensuring financial stability while rewarding its investors.

Conclusion

With such a robust performance in 2Q26, ALLOS S.A. continues to reinforce its position as a dominant player in Latin America’s diverse shopping and entertainment industry. As it moves forward, the company remains well-equipped to navigate challenges and capitalize on growth opportunities in the evolving marketplace.