Havaianas fuels Alpargatas' strong quarterly financial results

Alpargatas announced a strong third quarter of 2025, reaching the highest quarterly consolidated adjusted EBITDA in its history at 256 million Brazilian real, of which 253 million Brazilian real came from Havaianas operations, the highest level ever recorded in a quarter, both consolidated and for the brand. Alpargatas reached 1.1 billion Brazilian real in net sales, a growth of 7.5 percent compared to the same quarter of 2024.

The Havaianas operation in Brazil completed its margin recovery cycle by achieving the highest nominal quarterly EBITDA, reaching 259 million Brazilian real. This 40 percent percent year-over-year surge, resulting in an EBITDA margin of 29.6 percent (a 7 p.p. expansion), was driven by disciplined commercial and pricing management, a rationalized product portfolio, and lower marketing expenses due to seasonal phasing. Net sales expanded 7 percent, aided by a favourable channel and category mix. Crucially, the operation's Gross Margin improved by 5 p.p. to 49.2 percent.

Havaianas' international business showed clear signs of recovery, with consolidated volume growing 7 percent and net sales reaching 230 million Brazilian real, up 9 percent compared to the previous year.

At Rothy’s revenue grew 15 percent, driven by the opening of new doors and expansion of distribution beyond owned stores and e-commerce, opening a new B2B front. Alpargatas also announced it will not proceed with exercising the call option to acquire the remaining equity in Rothy's, a decision that maintains the current ownership structure. While the Company has chosen not to take controlling interest, Alpargatas actively support Rothy’s strategic objectives and plans through its representation on the board of directors.