ALLOS Reports 12% FFO Growth Amid Strategic Expansion

Net revenue climbed 11.6% to reach R$732.3 million, supported by a 4.6% increase in mall sales, which totaled R$10.5 billion. The media vertical emerged as a significant driver of this growth, with the Helloo platform recording an 84.5% revenue jump fueled by multiplatform projects surrounding the FIFA World Cup. This segment now accounts for 10.6% of the company's total revenue.

Operational efficiency also played a central role in the quarterly results. A corporate simplification program led to a 5.6% reduction in SG&A expenses, helping push EBITDA up 10.5% to R$525.4 million. The digital ecosystem showed similar momentum, with the platform’s Gross Merchandise Volume rising 31% to R$1.6 billion, while the company’s loyalty initiatives drove a 15% increase in visit frequency across its 37 participating malls.

ALLOS maintained a stable financial position with a 1.7x Net Debt to EBITDA ratio. Throughout the year, the company has returned R$1.2 billion to shareholders through dividends and interest on equity. As of the end of the second quarter, the firm manages interests in 46 shopping centers, representing 1,934 thousand square meters of total gross leasable area.