Assaí Atacadista(ASAI) - 2025 Q4 - Earnings Call Presentation

Free Cash Generation of R$2.8 billion and leverage of 2.56x (vs guidance of 2.60x) Gross profit optimization, focus on expense control, and financial discipline EARNINGS RESULTS 4 TH QUARTER 2025 FEBRUARY 12 TH, 2026 • Free Cash Generation: R$ 2.8 billion • 84% EBITDA to cash conversion • 2.56x, below guidance (2.60x) • Reduction in Net Debt: R$1.2 billion • R$84.7 billion (+5.2%) • SSS excl. Calendar effect: +2.6% • +10 new stores, 312 in operation • Pre-IFRS 16 EBITDA: R$4.5 bi | Margin 5.8% (+0.2 p.p.) • ...