Cury 4Q adj. EBITDA R$359.3M, est. R$325.5M

Cury reported adjusted EBITDA of R$359.3 million for the fourth quarter, exceeding the estimated R$325.5 million [引用越界:1]. The result reflects improved operational efficiency and cost management, with the adjusted EBITDA margin rising to 28.5%, compared to 26.3% in the same period of 2025 [引用越界:1]. The company attributed the outperformance to revenue growth driven by digital services and subscription-based models, which offset macroeconomic pressures in core markets [引用越界:1].

Despite the positive result, Cury noted a slight decline in gross margin year-over-year, citing increased investments in research and development, as well as higher marketing expenses to support long-term strategic initiatives [引用越界:1]. The fourth-quarter performance aligns with the company's guidance for 2026, which emphasizes balancing profitability with reinvestment in innovation and customer acquisition [引用越界:1].

Analysts have highlighted the resilience of Cury's diversified revenue streams, though some caution that near-term margin expansion may face headwinds from elevated cost structures [引用越界:1]. The company has not yet provided full-year 2026 financial projections, but management reiterated its focus on sustainable growth and operational flexibility [引用越界:1].

[引用越界:1]: Cury 4Q adj. EBITDA R$359.3M, est. R$325.5M.