Magazine Luiza U/Adr (MGLUY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

To Magalu's conference call regarding the quarterly earnings. For those who need simultaneous translation, click on 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 Competence IR website at ri.magazineluiza.com.br. The earnings release and presentation are already available in Portuguese and English. The link to the presentation in English is also available in the chat. During the presentation, all 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 activate the microphone to follow up with a 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, Magaluz CEO. Fred, please take the floor. Good morning. Thank you for attending our earnings conference call on the fourth quarter of 2025, but also the full year 2025. This call has a very relevant meaning for the company because we work in a model of strategic cycles. Completing now 10 years as the company CEO, and my team here, the directors, almost all of them started the cycle with me. We had some very relevant additions in this period, but this team... has been working together in this 10-year cycle. There's two cycles. The first was the business digitalization cycle from 2016 to 2020, and the second cycle was building the ecosystem. That's what we're completing now. And I think that since it's the...