Brazil’s Vulcabras Posts Record Sales, Margin Recovery in Q4

2026-03-04 - 11:53

3 Key Points —Net revenue surpassed R$1 billion for the first time in a single quarter, rising 11.4% year-on-year to reach R$1.003 billion ($190M) in Q4 2025, as Vulcabras extended its streak to 22 consecutive quarters of growth while bypassing Black Friday discounting entirely. —Recurring EBITDA expanded 14.8% to R$220.7 million ($41.8M) and EBITDA margin