Brazilian footwear manufacturer Alpargatas has announced its results for the third quarter of 2025. The company achieved the highest consolidated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in its history at 256 million Brazilian reals (around 41.5 million euros).
Of this, Havaianas’ business accounted for 253 million Brazilian reals. This is the highest value ever recorded in a quarter, both for the group and for the brand. Alpargatas’ net sales reached 1.1 billion Brazilian reals, representing growth of 7.5 percent compared to the same quarter last year.
The Havaianas business in Brazil completed its margin recovery cycle and achieved the highest nominal quarterly EBITDA of 259 million Brazilian reals. This 40 percent increase compared to the previous year resulted in an EBITDA margin of 29.6 percent, an increase of seven percentage points.
The increase was driven by disciplined trading and pricing management, a streamlined product portfolio and lower marketing spend due to seasonal planning. Net sales increased seven percent, supported by a favorable channel and category mix. What was crucial was that the division’s gross margin improved by five percentage points to 49.2 percent.
Havaianas’ international business showed clear signs of recovery. Consolidated volume grew seven percent and net sales reached 230 million Brazilian real, an increase of nine percent year-on-year.
At the US brand Rothy’s, sales rose by 15 percent. This was driven by opening new stores and expanding distribution beyond its own stores and e-commerce, opening up a new B2B area.
Alpargatas also announced that it would not exercise the purchase option to acquire the remaining shares in Rothy’s. This decision maintains the current ownership structure. Although the company has decided against a controlling interest, Alpargatas actively supports Rothy’s strategic goals and plans through its representation on the board.
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