Grupo Mateus SaBMFBOVESPA: GMAT3

Grupo Mateus: Gross revenue up 13.7% to R$10.7bn, but net income down 21.8% amid higher expenses

· Issued by Grupo Mateus SA

Gross revenue rose 13.7% year-over-year to R$10.7 billion, driven by store expansion and Novo Atacarejo consolidation, while net income fell 21.8% to R$213 million due to higher expenses. Focus remains on efficiency, disciplined growth, and governance.

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