#Rio de Janeiro #Brazil #dividends #ALLOS S.A. #FFO

ALLOS S.A. Reports Excellent Performance for 3Q25

ALLOS S.A. (B3: ALOS3), recognized as Latin America's most comprehensive experience and entertainment platform, released its financial results for the third quarter of 2025. This period marked substantial growth, reflecting the resilience and strategic planning of the company's operations.

Overview of Company Performance

As of the end of Q3 2025, ALLOS managed a total of 45 shopping malls, which account for 1.9 million square meters of total gross leasable area (GLA). Additionally, the company provided planning, management, and leasing services to 10 third-party malls with a combined GLA of 227 thousand square meters. This extensive portfolio underscores ALLOS’s dominance in the Latin American retail landscape.

Dividend Announcements

In a significant move for investors, ALLOS's Board of Directors has approved dividends totaling R$146 million to be distributed in December 2025. Moreover, the company has set a guidance for monthly dividends in 2026, ranging between R$0.28 and R$0.30 per share. The cumulative dividends over this period could amount to an impressive R$1.9 billion, demonstrating ALLOS's commitment to returning value to its shareholders.

Financial Highlights: FFO Growth and Sales Advocacy

The Fund from Operations (FFO) totaled R$304.9 million, reflecting a 3.5% increase compared to the same quarter in the previous year. Even amidst a challenging economic backdrop, the FFO per share saw a remarkable growth of 9%, a testament to the company's operational performance and its proactive share buyback program.

Sales at ALLOS malls experienced an increase of 5.5% from Q3 2024, positioning itself as a strong player against the national retail sector. This growth not only reflects the quality of ALLOS's retail portfolio but also a growing customer base drawn to its diverse offerings.

SSR and Media Revenue Surge

The Company’s recent sales success led to adjustments in rent contracts, achieving a same-store rental (SSR) increase of 6.5% in Q3 2025 compared to Q3 2024. Moreover, media revenue saw a 25.2% rise attributed to the launch of the Helloo operation in airports, alongside the ongoing performance in their shopping malls.

Operational Efficiency

Notably, ALLOS managed to reduce mall operating costs by 8.1% year-over-year, primarily due to decreased expenses related to vacant stores. This efficiency resulted in an 80 basis point increase in the net operating income (NOI) margin, which concluded the quarter at 93.4%.

To further enhance its performance, ALLOS implemented an organizational efficiency program which kept selling, general and administrative (SGA) expenses stable despite inflation. This initiative contributed to a 97 basis point increase in EBITDA margins. Expectedly, more pronounced effects from this program are anticipated as 2026 progresses.

Future Projections and CAPEX Guidance

Looking forward, ALLOS has adjusted its capital expenditure (CAPEX) guidance for 2026 to between R$350 and R$450 million, marking a reduction of R$100 million from the previous year's projections due to prevailing macroeconomic conditions. Despite this reduction in investment, the firm maintains confidence in its ability to navigate market dynamics and drive sustainable growth moving forward.

In conclusion, ALLOS S.A.'s Q3 2025 results underscore a robust operational performance, strategic growth initiatives, and a solid foundation touching all aspects of its business model, affirming its leadership position in Latin America's retail and entertainment sectors.