By Brazil Stock Guide – Lojas Renner S.A. (B3: LREN3) reported a net profit of R$279.4 million (US$49m) in the third quarter of 2025, a 9.4% rise from a year earlier, as its financial arm Realize CFI consolidated its role as the company’s main earnings engine. The unit’s result jumped 37%, accounting for 13% of total EBITDA, underscoring the retailer’s growing reliance on its credit business to defend margins and customer loyalty in a tougher retail environment.
Total adjusted EBITDA reached R$593.8 million (US$104m), up 2.9% from a year earlier, with a 19.3% margin. Retail gross margin advanced to 55.1%, supported by disciplined inventory management and agile fashion execution. CEO Fábio Faccio said Renner’s performance “reflects strong operational control despite the volatility of consumer demand,” adding that the company avoided additional winter orders to preserve profitability.
Credit resilience and capital strength
Realize CFI’s rebound was aided by a healthy credit portfolio and tighter risk metrics, even after adopting new Central Bank guidelines (Resolution 4.966). The financial arm now anchors Renner’s omnichannel ecosystem, with 4.7 million active cardholders and a ticket size roughly 40% higher than average store purchases — a structural advantage over rivals without in-house financing.
The retailer ended September with R$1.3 billion in net cash and R$473 million in free cash flow, after completing 85% of its share-buyback program (R$860 million). Return on invested capital rose to 14.4% (+1.7 p.p.), reflecting stronger asset productivity.
Outlook
Renner plans to open 30–37 new stores this year, focused on higher-margin regions and digital integration. Shares closed at R$14.84 on October 31, giving the company a R$14.6 billion market cap. “We’re entering a phase of consistent expense dilution and profitable growth,” Faccio said.