Toky Group Posts R$ 116.6 Million Loss in Third Quarter
Retailer under bankruptcy protection faces a 37.5% drop in net revenue
The Toky Group reported a negative result of R$ 116.6 million between July and September. This figure represents a 668.5% decline compared to the same period last year.
Net operating revenue for the company reached R$ 212.3 million for the quarter. This amount marks a 37.5% decrease from the performance recorded one year earlier.
The company's Ebitda was negative at R$ 33.3 million. In adjusted terms, the metric showed a negative balance of R$ 8.7 million at the end of the period.
The group's net debt ended September at R$ 577.6 million. Management highlighted that the debt level remains below the R$ 824 million ceiling established by restrictive covenants.
The company states it is focusing efforts on restocking inventory and simplifying its operational structure. The goal is to preserve liquidity while navigating the bankruptcy protection process.
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