Slides
Page 1
3Q25 Results Presentation 11 13 2025 MLAS3
Page 2
3Q25 Highlights million Net Revenue EBITDA Net IncomeGross Margin R$ 1,069.5 R$ 67.5 R$ 65.625.1% +15.0% vs. 2Q25 +R$ 36.7 million vs. 2Q25 +R$ 45.8 million vs. 2Q25 + 0.2 p.p. vs. 2Q25 millionmillion MLAS3 Results Presentation – 3Q25 MLAS3 Operational Cashflow R$ 131.7 million operational cashflow generation in the quarter Leverage 0.22x vs. 2.92x in 1Q25 vs. 2.10x in 2Q25 + 32.0% vs. 3Q24 +R$ 63.3 million vs. 3Q24 +R$ 64.1 million vs. 3Q24 + 0.5 p.p. vs. 3Q24 * Net Debt / EBITDA LTM
Page 3
+15.0% vs. 2Q25 +32.1% vs. 3Q24 Gross Margin Consolidated by Quarter (R$ million and %) 3Q252Q253Q24 809.9 929.7 1,069.5 +16.0% vs. 2Q25 +34.5% vs. 3Q24 3Q252Q253Q24 199.3 231.1 268.1 Net Revenue Gross Profit 24.6% 24.9% 25.1% MLAS3 Results Presentation - 3Q25 MLAS3 Net Revenue, Profit and Gross Margin 1Q25 763.8 1Q25 227.8 23.7%
Page 4
Consolidated by Quarter (R$ million and %) 3Q252Q253Q24 4.2 3Q252Q253Q24 30.8 67.5 1.5 19.8 65.6 Net Income +R$ 36.7 million vs. 2Q25 +R$ 63.3 million vs. 3Q24 0.5% 3.3% 6.3% EBITDA EBITDA and Net Income EBITDA Margin 9M259M24 (119.7) 150.0 +R$269.8 million 1Q25 5.5 0.7% 1Q25 64.6 MLAS3 Results Presentation - 3Q25 MLAS3
Page 5
5 Lowest inventory days in the last five quarters. Note: Booked value of Inventories. Inventories (R$ Million and Days) MLAS3 Results Presentation - 3Q25 MLAS3
Page 6
Highlights: ● R$ 131.7 million in Operating Cash generation via EBITDA, working capital and consumption of tax credits. ● R$ 145.0 million of reduction in the Company’s Debt. Cash Flow MLAS3 Results Presentation - 3Q25 MLAS3
Page 7
We closed 3Q25 with R$470.3 million in cash and cash equivalents and net debt of R$30.8 million. The cash balance is sufficient to cover the Company's short-term loans and financing, which represent 68.4% of the total amount due. (in million of reais) *Net Debt / EBITDA LTM Debt* and Amortization Schedule MLAS3 Results Presentation - 3Q25 MLAS3
Page 8
Specialized Retail Operational Segments Corporate Tech Retail MLAS3 Results Presentation - 3Q25 MLAS3
Page 9
Smartphones Mobile Devices Margem Bruta Corporate Consolidated by Quarter (R$ million and %) 12,6% Margem do Portfólio¹ no 1T25 59.1 % Participation in the 3Q25 Net Revenue +34.7% vs. 2Q25 3Q252Q253Q24 632.2 +1.9 p.p. vs. 2Q25 302.9 Net Revenue Gross Margin 18.1% 20.0%19.6% 469.4 ● Consistent revenue in the quarter Significant increase of 108.7% vs 3Q24 and 34.7% vs. 2Q25, driven by sales to the Government, Memories (OEM) and manufacturing projects, with emphasis on the ramp-up of the manufacture of combustion motorcycles. ● Slight improvement in profitability Gross Margin expansion to 20.0%, a gain of 0.4 p.p. vs. 3Q24 and 1.9 p.p. vs. 2Q25. ● Strong accumulated performance Net Revenue grew 46.4% and Gross Profit 75.3% vs. 9M24. Gain of 3.0 p.p. in the accumulated Gross Margin, which reached 18.0%.
Page 10
10 Office & IT Supplies Mobile DevicesTech Retail -4.6% vs. 2Q25 3Q252Q253Q24 372.5 351.7 335.4 26.6% 27.8% 29.2% 31.4 % Participation in the 3Q25 Net Revenue +1.4 p.p. vs. 2Q25 Consolidated by Quarter (R$ million and %) Net Revenue Gross Margin ● Segment profitability strategy Focus on profitability in the face of the challenging environment of physical retail. Gross Margin of 29.2% in 3Q25, a gain of 2.7 p.p. vs. 3Q24. ● Improvement in accumulated profitability Gross Profit of R$302.6 million stable despite a drop in Revenue, resulting in a gain of 1.9 p.p. in accumulated Gross Margin (28.3%) vs. 9M24.
Page 11
11 Office & IT Supplies Smartphones Mobile Devices Margem Bruta Specialized Retail -6.2% vs. 2Q25 3Q252Q253Q24 108.6 101.9 9.5 % Participation in the 3Q25 Net Revenue -1.5 p.p. vs. 2Q25 134.5 Consolidated by Quarter (R$ million and %) 44.5% 43.0% 30.4% Net Revenue Gross Margin ● Jump in annual profitability Gross Margin of 43.0% in 3Q25, a robust gain of 12.6 p.p. compared to 30.4% in 3Q24, demonstrating a focus on portfolio profitability. ● Focus on profitability in the segment In 9M25, Gross Profit of R$125.0 million, up 8.5% vs. 9M24, despite a drop in Revenue. Accumulated Gross Margin of 43.1%, gain of 8.8 p.p. vs. 9M24.
Page 12
Initiatives 2nd Semester 2025 MLAS3 Results Presentation - 3Q25 MLAS3 Maintenance of discipline in expense control Monetization strategy of the segments Operational Efficiency Working Capital Optimization Debt reduction and leverage Funding from BNDES Maintenance discipline Stock days
Page 13
CARF Decision: We remain confident of our thesis We are communicating an update regarding the judgment of administrative tax proceedings concerning customs fines before the Administrative Council of Tax Appeals (CARF), which took place on October 15, 2025. On that occasion, the judgment resulted in a tie, with the tiebreaker decided by a casting vote unfavorable to the Company. As provided for in Law No. 14,689/2023, in cases where the decision is favorable to the Public Treasury through a casting vote, there is a provision for the exclusion of fines. There are recent decisions that recognize this understanding, which keeps us confident in the next instances of defense. Given this scenario, the legal diagnosis remains unchanged, and there is no need for accounting provisioning.
Page 14
Pet Business Unit sell-of
Page 15
+
Page 16
E-mail: ri@grupomulti.com.br Site: http://ri.multilaser.com.br IR Eduardo Belelas Fernando Nunes Rafael Byrro IR SITE http://ri.multilaser.com.br GOVERNMENT SITE https://governo.grupomulti.com.br E-COMMERCE https://multi.com.vc
Page 17
The statements contained in this report regarding Grupo Multilaser's business prospects, projections and its growth potential are mere forecasts and were based on our expectations, beliefs and assumptions regarding the Company's future. Such expectations are subject to risks and uncertainties, since they are dependent on changes in the market and in the general economic performance of the country, the sector and the international market, the price and competitiveness of products, the acceptance of products by the market, exchange rate fluctuations, difficulties in strengthening and production, among other risks, and are therefore subject to significant changes. they do not constitute guarantees of performance.