Lojas Renner S.A.

PORTO ALEGRE, Brazil, March 5, 2026 /PRNewswire/ -- Lojas Renner S.A. (B3: LREN3) announces its results for the fourth quarter and full year 2025 (4Q25 and 2025). All amounts are expressed in millions of Reais and comparisons are with the same period in the previous year, except when otherwise indicated.

4Q25 Highlights

• Retail net revenue increased by 4.3% year-over-year with same store sales growth of 3.3% and a gross margin of 56.5%.
• Apparel net revenue increased 5.1%, with SSS growth of 4.0%, and apparel gross margin of 57.9% (+0.8 p.p.)
• Operating expenses increased 2.0%, resulting in a dilution of 0.7 p.p. as a percentage of net revenue from retail operations.
• Total Adjusted EBITDA reached R$ 1,116 million (+9%), with a margin expansion of 0.9 p.p.
• Net income totaled a record R$ 553 million (+13%), with earnings per share reached R$ 0.5621, 21% increase.
• Completion of the prior share repurchase program and launch of a new share repurchase program for up to 75 million shares.

2025 Highlights

• Retail net revenue increased by 9.2% year-over-year with SSS growth of 8.1% and a gross margin of 56.1% (+0.7 p.p.)
• Apparel net revenue increased by 10.2% year-over-year, with SSS growth of 8.9%, and gross margin of 57.4% (+0.7 p.p.)
• Digital GMV increased by 12.3%, reaching a penetration of 15.5%.
• Sales per square meter totaled R$ 17.2 thousand, approximately 45% higher than direct industry peers.
• The Company opened 34 new stores, increasing sales area by 1.8%.
• Free cash flow totaled R$ 1.4 billion, with a cash position of R$ 1.9 billion and a net cash position of R$ 1.5 billion.
• LTM ROIC improved to 14.7% (+2.3 p.p.), remaining above the Company's cost of capital.
• Net income totaled R$ 1.5 billion (+22%), while earnings per share increased 27% to R$ 1.4422.

¹Return on Invested Capital (ROIC), calculated as NOPAT divided by Invested Capital, where (a) NOPAT represents operating profit after taxes and (b) Invested Capital corresponds to the average total capital allocated, including equity and debt.

Message from the CEO

Throughout 2025, we made steady progress in capturing the potential of our business model. We demonstrated our ability to deliver improvements across all key metrics to which we have committed for the 2026–2030 cycle. Retail net revenue grew in line with the annual guidance that will take effect from 2026. At the same time, we expanded gross margin, diluted expenses, increased ROIC, and delivered robust cash generation. This combination allowed us to execute a strong distribution of annual profits to shareholders. All these indicators evolved in the right direction, reinforcing our confidence in achieving the guidance presented at Investor Day. Retail net revenue advanced 9.2%, reflecting meaningful market share gains and further strengthening our leadership in the Brazilian apparel retail sector. This performance is the result of a disciplined growth strategy focused on expansion into new cities, increased digital penetration, and continued productivity gains, mainly from trend capture initiatives and effective inventory allocation. Sales per square meter, approximately 45% above direct competitors, continued to improve, demonstrating the efficiency of our omnichannel model. These achievements position us to meet our annual Retail net revenue growth target of 9% to 13% for the 2026–2030 period.

The annual gross margin from retail operations expanded by 0.7 p.p., reaching 56.1%, the highest level in six years, reflecting strong execution and operational discipline. Retail EBITDA grew 9%, with ongoing margin expansion and strong cash generation of R$1.4 billion. Net income reached a record R$1.5 billion, enabling the return of R$1.8 billion to shareholders, in addition to a 27% increase in earnings per share. These results demonstrate the structural progress outlined at our Investor Day.

The fourth quarter began with more challenging conditions, impacted by unusually cold weather and a consumer base with higher indebtedness and reduced purchasing power. However, performance improved throughout the quarter, driven by commercial execution and strong acceptance of our collection. Retail net revenue grew 4.3%, with SSS up 3.3%. Gross margin expanded to 56.5%, resulting from disciplined inventory management and lower promotional activity. Retail EBITDA reached a record R$1.1 billion, with a 1.1 p.p. margin expansion, also supported by the lowest growth in operating expenses for the year.

Our digital channel continued to scale efficiently. GMV grew 10%, accounting for 14% of total sales, with improved profitability. Ongoing investments in logistics and technology strengthened channel integration, increased online availability of new inventory, and reduced delivery times, further enhancing the omnichannel journey and Renner's competitive position versus peers.

Realize CFI maintained positive momentum during the fourth quarter, delivering results consistent with trends observed throughout the year. Operating results of R$64 million were driven by the quality of the portfolio and disciplined credit granting and risk management. Realize CFI remains a key driver of customer loyalty and value creation across the Lojas Renner S.A. ecosystem.

Consolidated net income for the quarter reached R$553 million, with free cash flow generation of R$561 million, underscoring the strength of our results and cash conversion. We ended the year with R$1.5 billion in net cash, ensuring a solid balance sheet and flexibility to invest in disciplined growth. ROIC¹ for the last 12 months reached 14.7%, above our cost of capital, reflecting margin expansion, asset efficiency, and disciplined capital allocation. This result demonstrates the consistency of our trajectory to achieve a ROIC¹ of 20% by 2030.

During the year, we opened 34 new stores, including 23 in the fourth quarter, expanding our physical presence in underpenetrated markets and scaling proven, higher-return formats under the Renner brand. CAPEX totaled R$858 million, reflecting disciplined capital allocation focused on expansion, improvements, and upgrades to selected stores, as well as investments in new technologies. These initiatives increased engagement and contributed to the growth of our active customer base and NPS. For 2026, our proposed capital budget is R$1.050 million, with plans to open 50 to 60 stores: 22 to 30 under the Renner brand, 23 to 25 Youcom stores, and approximately 5 Camicado stores.

In December, we announced a new share buyback program for up to 75 million shares. This initiative reflects our confidence in the Company's long-term growth prospects, supported by the strategy we have communicated and our ability to deliver consistent returns to shareholders.

We conclude 2025 encouraged by the progress achieved by the Company. Although the macroeconomic environment in 2026 presents challenges, we remain confident in the resilience of our business model and our ability to execute effectively throughout cycles. With most structural investments completed, we are well positioned to fulfill the commitments presented at Investor Day. We remain focused on delivering a compelling customer experience, with sustainable growth supported by a strong culture and solid Governance pillars, ensuring long-term value creation for all stakeholders.

Fabio Faccio – CEO

For a full version of Lojas Renner's Results, please visit:

https://ri.lojasrenner.com.br/en/

Earnings Conference Call*

Date: March 6, 2026

Time: 10:00 AM BRT / 8:00 AM EDT

*Portuguese with a simultaneous English translation.

Access the webcast here.

Legal Disclaimer

Statements contained in this document regarding business outlook, operational and financial results, as well as expectations for the growth of Lojas Renner S.A., are forward-looking statements and, as such, are based solely on management's current expectations concerning the future of the business. These expectations are substantially dependent on market conditions, the performance of the Brazilian economy, the sector, and international markets, and are therefore subject to change without prior notice. All variations presented herein are calculated based on figures in thousands of reais, as are any rounding adjustments.

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SOURCE Lojas Renner S.A.

PORTO ALEGRE, Brazil, Nov. 6, 2025 /PRNewswire/ -- Lojas Renner S.A. (B3: LREN3) announces its results for the third quarter 2025 (3Q25). All amounts are expressed in millions of Reais and comparisons are with the same period in the previous year, except when otherwise indicated.

Highlights

• Apparel sales increased by 4.7% with a 3.3% increase in SSS, reaching a 56.2% gross margin (+0.5p.p.)
• Retail gross margin increased by 0.4p.p., reaching 55.1%
• Results for Realize CFI were R$ 79.8 MM, a 36.9% increase reflecting a healthy portfolio risk profile
• Total Adjusted EBITDA reached R$ 593.8 MM (+2.9%), with a 19.3% margin (-0.2p.p.)
• Cash position of R$ 1.6 bi and net cash position of R$ 1.3 bi
• Generation of R$ 473.1 MM in Free Cash Flow
• ~85% of the buyback program executed to date (~64 million shares; a total of R$860 MM)
• Net profit of R$ 279.4 MM (+9.4%) and Earnings per Share of R$ 0.2803 (+15.5%)
• Another quarter of ROIC (LTM) improvement, reaching 14.4% (+1.7 p.p.)

Message from the CEO

Our performance throughout the year demonstrates that the initiatives we've implemented to evolve our business model are contributing to our results. While third quarter results reflect the challenges of a distinct climate dynamic compared to 2024, this does not alter our trajectory.

Autumn temperatures boosted second quarter sales this year, however, this limited the availability of winter items in the third quarter. We thoroughly assessed the risk/return outlook for the upcoming months and opted not to place additional orders which, when combined with our considerable exposure to colder regions, had a temporary impact of approximately 2 to 3 percentage points on our sales. We established a process that incorporates more frequent monitoring and decision checkpoints, minimizing the risk of future missed opportunities.

Retail sales therefore grew by 4.2%, and by 4.7% in apparel, with combined average growth for Q2 and Q3 which reached 11.5%, 12.5% in apparel. We delivered an 11.6%, 12.8% in apparel, year-on-year increase for the nine-month period, also with market share gains.

We delivered another quarter of solid progress in profitability, and apparel gross margin improved for another consecutive quarter to reach 56.2%, a 0.5 percentage point increase, and a 0.4 percentage point increase in retail. This reflects our relentless pursuit of faster and more flexible fashion execution, supported by a more precise and integrated supply model, resulting in a 1.9 percentage point decrease in the share of aged inventory in sales.

Lower sales volumes and the previously scheduled timing of certain operational initiatives resulted in a temporary increase in expenses above sales growth this quarter. However, this does not alter the structural trajectory of annual operational leverage we initiated in 2024. With the intensive cycle of structural investments in CAPEX and OPEX complete, we are now positioned to drive sales growth with consistent expense dilution. This reinforces our expectation of consistent expense dilution, both due to previous investments—which support a higher level of sales growth—and through cost reduction opportunities, driven by a targeted effort we have already initiated.

Realize CFI, a key driver of customer engagement and loyalty, delivered its eighth consecutive quarter of results growth, up 37%, driven by the quality of its credit portfolio.

Net income increased by 9% to R$279 million, or R$0.2803 per share, a 16% increase. Our trailing twelve-month ROIC reached 14.4%, a 1.7 percentage point improvement, alongside free cash flow generation of R$473 million- the highest in the fashion industry in Brazil.

Our digital channel now represents 17% of total sales, driven by the prior years' investments which will enable continued growth within this channel without compromising Company's profitability. The integration of our online and bricks and mortar operations at our São Paulo DC resulted in an 8 percentage point increase in share of new inventory within e-commerce sales year-to-date.

We opened 18 stores year to date advancing toward our goal of 30–37 openings by year-end, with a focus on expanding into new markets. Our new store formats continue to deliver above average performance, positioning us well to scale sustainably across different market environments. We've completed 16 store renovations so far this year, with two more scheduled for completion. These renovations and new store openings, together with continued improvements in our digital and omnichannel journey and strengthened fashion execution, have enabled us to expand our active customer base and improve our NPS.

We ended 3Q with net cash position of R$1.3 billion which, together with sustained free cash flow generation, provides us both the strength and resilience to confidently navigate adverse scenarios. We have the flexibility to pursue targeted investments to drive growth and capture opportunities. Likewise, our solid balance sheet enables us to deliver shareholder returns above the industry average: in 2025, we have already distributed R$1.4 billion through interest on equity and share buybacks, with approximately 85% of the program (~64 million shares) we announced in February.

We remain focused on further unlocking the full potential of our business model and reaffirm our commitment to driving sustainable profitable long-term growth and value creation.

Fabio Faccio – CEO

For a full version of Lojas Renner's Results, please visit:

https://ri.lojasrenner.com.br/en/

Earnings Conference Call*

Date: November 07, 2025

Time: 10:00 AM BRT / 8:00 AM ET

*Portuguese with a simultaneous English translation.

Access the webcast here.

About Lojas Renner S.A.

The Company was incorporated in 1965 and listed in 1967, becoming a pure widely held company in 2005 with a 100% free float, being considered the first true Brazilian corporation. Renner's equities are traded on B3 under the LREN3 symbol in the Novo Mercado segment, the highest level of corporate governance

Lojas Renner S.A. is a fashion and lifestyle ecosystem connected to its customers through digital channels and its physical stores in Brazil, Argentina and Uruguay. It is today the ecosystem leader in omnichannel fashion retailing in Brazil through the Renner, Camicado, Youcom, Realize CFI and Repassa businesses.

Legal Notice

The statements contained within this document relate to the prospects for the business, estimates for operating and financial results. and those related to growth prospects of Lojas Renner S.A. are merely projections and, as such, are based exclusively on the expectations of the Company's management with respect to the future of the business. Such forward-looking statements depend substantially on changes in market conditions, the performance of the Brazilian economy, the sector and the international markets and are therefore subject to change without prior notice.

All variations and totals as well as rounded numbers presented herein are calculated in thousands of Reais.

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SOURCE Lojas Renner S.A.