Magazine Luiza U/Adr (MGLUY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for waiting. Welcome to Magalu's conference call regarding the quarterly earnings. For those who need simultaneous translation, click the interpretation button. via the globe icon at the bottom of the screen and choose your preferred language, English or Portuguese. We want to inform you that this event is being recorded and will be made available on the company's IR website at ri.magazineluisa.com.br. The earnings release and presentation are already available in Portuguese and English. The link to the presentation in English is also available on the chat. During the presentation, our participants' microphones will be disabled. Then, we will start the Q&A session. If you have questions, please click on the Q&A icon at the bottom of your screen and enter your name, company and question of language. Upon being announced, a request to activate your microphone will appear on the screen. You must then enable your microphone to follow up with the question. Questions received in writing will be answered later by the Investors Relations team. Now I would like to give the floor to Fred Trajano, Magalu's CEO. Fred, please, you may go ahead. Good morning, everyone. Thank you for attending our conference call on Magalu's earnings of the second quarter of 2025. I'd like to begin by by emphasizing that this was yet another period with consistent execution, with important efficiency gains, growth in strategic front and resilience of our main categories. Without question, the main highlight of our quarter, once again, was our profitability and our financial discipline, we reached the beta of 727 million BRLs in the second quarter of 2025, noting that this is in a context where interest rates, the SELIC rate, reached 15, so a huge increase compa...