By Brazil Stock Guide – C&A Modas S.A. (B3: CEAB3) reported a 62% rise in third-quarter net profit, reaching R$69.5 million from R$42.8 million a year earlier, as the retailer consolidated its transition away from Bradesco’s co-branded card partnership and strengthened its in-house financial arm, C&A Pay.
Net revenue grew 2% year over year to R$1.84 billion, reflecting steady sales in apparel and beauty products and the gradual normalization of financial-services income. Gross profit rose to R$1.01 billion, with margin expanding to 55% from 54% a year earlier. Operating profit before financial expenses increased to R$150 million, supported by leaner costs and higher store productivity.
Financial Impact of Bradesco Exit
C&A’s financial results captured the effects of the June 23, 2025 termination of its partnership with Banco Bradesco, finalized in early July and therefore reflected in the third quarter. The company received R$170 million from the sale of its Bradescard credit-card portfolio and paid R$650.6 million to repurchase the rights to offer financial products directly in stores. The transaction reduced cash balances from R$1.26 billion in June to R$883 million at quarter-end, but also allowed C&A to regain full control of its financial ecosystem and future income streams.
Cash Flow and Balance Sheet
Operating cash flow totaled R$681 million for the first nine months of 2025, with debt service and lease payments offset by the Bradesco settlement. Net debt remained moderate, near R$340 million, and the company maintained a R$3.54 billion equity base after a R$36 million share buyback program.