Assaí flags deleveraging to 3.03x and LTM FCF of R$3.1B
Rhea-AI Filing Summary
Sendas Distribuidora (Assaí) previewed 3Q25 results focused on deleveraging and cash generation. The Company reduced net debt by R$0.5 billion versus 3Q24 (or R$0.9 billion before receivables) and by an additional R$423 million versus 2Q25 (or R$301 million before receivables). Leverage reached 3.03x, the lowest level since 2021.
Over the last 12 months, Assaí generated R$3.1 billion in Free Cash Flow and R$909 million in Cash Generation, underscoring its deleveraging path. The Company reaffirmed leverage guidance of approximately 2.6x Net Debt/EBITDA (pre‑IFRS 16) by the end of 2025.
The 3Q25 results, reviewed by an independent auditor, will be released on November 6, 2025 after market close, with a conference call on November 7, 2025. A Quiet Period runs from October 23, 2025 until after the call.
Positive
- None.
Negative
- None.
Insights
Preview highlights deleveraging to 3.03x with strong cash generation.
Assaí reports year-over-year and sequential net debt reductions and places leverage at 3.03x, its lowest since 2021. Over the last 12 months, Free Cash Flow of R$3.1 billion and period Cash Generation of R$909 million support the deleveraging narrative.
The Company also reaffirms guidance to reach approximately 2.6% Net Debt/EBITDA (pre‑IFRS 16) by year-end 2025. Actual progress will be clearer when audited 3Q25 figures are released and discussed on November 6–7, 2025.
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 October 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
SENDAS DISTRIBUIDORA S.A. Public Corporation CNPJ/MF No. 06.057.223/0001-71 NIRE 33.300.272.909 MATERIAL FACT: 3Q25 RESULTS PREVIEW Sendas Distribuidora S.A. (“Assaí” or “Company”), in compliance with the provisions of CVM Resolution No. 44 of August 23, 2021, and subsequent amendments hereby informs its shareholders and the market in general of its preview of the 3Q25 results. The information is preliminary, unaudited and subject to review until the date of official disclosure. • In 3Q25, the Company recorded a reduction of R$0.5 billion in net debt (R$0.9 billion before receivables) compared to 3Q24, and an additional decrease of R$423 million (R$301 million before receivables) versus 2Q25, resulting in leverage of 3.03x, the lowest level since 2021, reflecting financial discipline and strict capital allocation. • Over the last 12 months, Assaí reported Free Cash Flow generation of R$3.1 billion and Cash Generation for the period of R$909 million, reinforcing its ability to convert earnings into cash and its deleveraging trajectory. • The Company reaffirms its leverage guidance of approximately 2.6x Net Debt/EBITDA (pre-IFRS 16) by the end of 2025. Earnings Release: The 3Q25 results, reviewed by an independent auditor, will be released on November 6th, 2025, after the market closes. The earnings conference call will take place on November 7th, 2025. Quiet Period: In line with best corporate governance and fair disclosure practices, Assaí will be in a Quiet Period starting October 23rd, 2025, ending after the earnings conference call. Disclaimer: The preliminary information contained in this document regarding Assaí's financial results in 3Q25 considers the information currently available and is subject to review until the date of the official release of the results for 3Q25. Mentions herein to projections are mere estimates of the business and projections about the operational and financial results, which were made considering information currently available. Consequently, such estimates and projections are subject to changes that can make the concrete results different in comparison with the projections presented herein. Rio de Janeiro, October 22nd, 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: October 22, 2025
Sendas Distribuidora S.A.
By: /s/ Vitor Fagá de Almeida
Name: Vitor Fagá de Almeida
Title: Vice President of Finance and Investor Relations
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.