Assaí reaffirms 2025 R$1.0–1.2B capex and 10 stores; 2026 at R$700M

Rhea-AI Filing Summary

Sendas Distribuidora (Assaí) updated its outlook, adding 2026 guidance that targets approximately R$ 700 million in investments on a cash basis and reiterates the plan to open 10 stores. Management frames this plan within a strategy of financial discipline and a focus on reducing leverage in 2026.

The company also reaffirmed its 2025 projections: cash-basis investments between R$ 1.0 billion and R$ 1.2 billion and the opening of 10 stores. These projections remain in effect until realized or revised following management’s periodic reviews. Assaí notes that all projections are subject to macroeconomic conditions and sector dynamics and may be adjusted if assumptions change.

Insights

Retail and credit profile analyst

Lower 2026 capex with steady expansion signals a deleveraging tilt.

Assaí introduces a 2026 investment outlook of R$ 700 million (cash view) while keeping its plan to open 10 stores. For 2025, it reiterates cash-basis investments of R$ 1.0–1.2 billion and 10 store openings. The narrative emphasizes financial discipline and reducing leverage.

Lower planned 2026 spending versus 2025 suggests tighter capital allocation while preserving measured growth. Actual outcomes depend on macro conditions and the company’s periodic revisions to assumptions.

The company indicates projections will be reviewed and disclosed as needed. Subsequent filings may provide updates if economic or sector factors change.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________

FORM 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or

15d-16 of the Securities Exchange Act of 1934

For the month of November 2025

Commission File Number: 001-39928

_____________________

Sendas Distribuidora S.A.

(Exact Name as Specified in its Charter)

Sendas Distributor S.A.

(Translation of registrant’s name into English)

Avenida Ayrton Senna, No. 6,000, Lote 2, Pal 48959, Anexo A

Jacarepaguá

22775-005 Rio de Janeiro, RJ, Brazil

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F:   ý Form 40-F:   o

MATERIAL FACT

Sendas Distribuidora S.A. ("Company" or "Assaí"), pursuant to the Resolution of the Brazilian Securities Commission No. 44/21, informs its shareholders and the market in general that it has included new expectations related to the investments levels expected for the year 2026. The new guidance considers the current macroeconomic scenario and market expectations for next year.

As part of its strategy of continuing financial discipline and focusing on reducing leverage for 2026, the Company informs the new future expectation of investments of approximately R$ 700 million in the cash view and reiterates the expectation of opening 10 stores.

The Company reiterates the projections forecast for the year 2025: investments levels between R$ 1.0 and R$ 1.2 billion in the cash view and expectation of opening 10 stores.

The projections outlined above are valid until their effective realization or until new analyses and/or revisions are carried out by the Company's management that identify different indicators for the projections presented as a result of changes in the assumptions used, provided that the revision will be at least annual.

The above projections will be included in section 3 of the Reference Form and will be available in the Empresas.Net system, on the websites of the Brazilian Securities Commission (http://cvm.gov.br/) and the Company’s Investor Relations (https://ri.assai.com.br/) within the applicable period. Any changes in these estimates will be disclosed to the market by means of a Material Fact.

Information on business prospects, projections and targets are mere forecasts, based on management's current expectations, always subject to risks and uncertainties, and in no way constitute, guarantee or predict results. Such projections depend on market conditions in general, the Brazilian economic scenario and the sector in which the Company operates. Any changes in perception or in the factors described above may cause the actual results to differ from those provided for in the estimates presented herein, and the Company may revise them to higher or lower levels, in accordance with the new expectations. In the event of a material change in these factors, the above expectations will be revised.

Rio de Janeiro, November 7, 2025.

Belmiro de Figueiredo Gomes
Chief Executive Officer and Investor Relations Officer

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 7, 2025

Sendas Distribuidora S.A.

By: /s/ Aymar Giglio Junior

Name: Aymar Giglio Junior

Title: Vice President of Finance

By: /s/ Gabrielle Helú

Name: Gabrielle Helú

Title: Investor Relations Officer

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

FAQ

What guidance did ASAIY provide for 2026 investments?

Assaí set a 2026 investment expectation of approximately R$ 700 million on a cash basis and plans to open 10 stores.

What are Assaí’s 2025 projections per the 6-K?

Assaí reaffirmed R$ 1.0–1.2 billion in cash-basis investments for 2025 and the opening of 10 stores.

How does the company describe its 2026 strategy?

Management highlights financial discipline and a focus on reducing leverage in 2026.

Are these projections final or subject to change for ASAIY?

They remain valid until realized or revised; management will update them at least annually based on assumptions and conditions.

What factors could alter Assaí’s projections?

Changes in market conditions, the Brazilian economic scenario, and sector dynamics may lead to revisions.