ASSAÍ REACHES R$ 80.6 BILLION IN REVENUE AND REDUCES LEVERAGE IN 2024

"In 2024, we surpassed the milestone of 300 stores and celebrated 50 years with outstanding results," says Belmiro Gomes, CEO of Assaí. "We reduced leverage to 3.04x and remain committed to enhancing the customer shopping experience." The company opened 15 new stores, bringing its total to 302 units and strengthening its presence in strategic markets. Additionally, it completed the conversion of the 66 hypermarkets acquired in 2021. Another major achievement was leverage reduction, closing the year at 3.04x, surpassing the company's guidance. Net debt fell by R$ 0.6 billion in 4Q24, despite Brazil's high-interest rate environment, reinforcing the company's financial strength.

"In 2024, we surpassed the milestone of 300 stores and celebrated 50 years with outstanding results," says Belmiro Gomes, CEO of Assaí. "We reduced leverage to 3.04x and remain committed to enhancing the customer shopping experience." The company opened 15 new stores, bringing its total to 302 units and strengthening its presence in strategic markets. Additionally, it completed the conversion of the 66 hypermarkets acquired in 2021. Another major achievement was leverage reduction, closing the year at 3.04x, surpassing the company's guidance. Net debt fell by R$ 0.6 billion in 4Q24, despite Brazil's high-interest rate environment, reinforcing the company's financial strength.

As part of its evolving business model, Assaí ended 2024 with 618 service units, including 254 butcher shops, 191 deli sections, and 173 bakeries across its stores. Operational efficiency efforts led to EBITDA margin expansion:

Pre-IFRS16 LAIR surged 83%, reaching R$ 1.2 billion, underscoring the company's strong operational performance. For 2025, Assaí remains focused on reducing leverage and executing disciplined expansion, with plans to open approximately 10 new stores and invest between R$ 1.0 billion and R$ 1.2 billion (CAPEX).

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