Welcome to the results of the third quarter of Allied Technology. Before starting our meeting, we have to emphasize that we are recording that, and the presentation will be simultaneously translated into English. In case you have a question, please use the Q&A session in the below part of Zoom, because during the whole presentation, the participants will be only hearing the presentation. I also emphasize that eventual declarations regarding business perspectives, premises referred to only the beliefs and premises of the companies subject to uncertainties, and it may happen or not. We have Silvio Stagni, CEO of the company, to start our presentation.
Good morning, everyone. Thank you for your presence here. Today, as usual, we will present some highlights on the results that we delivered to the market yesterday.
I like to start with the three pillars of the company, that is management and retail, the distribution and origin of the company in 2004. It was created to be a distributor of electronics in general. Three years ago, we opened Allied Miami, and our distribution now covers many other countries in Latin America. In the middle, we have the physical retail. We are the greatest Samsung partner in Brazil. At this moment, we have 96 points of sales, highly concentrated in the southeast, which means a good percentage of the whole amount of stores that Samsung has in Brazil. On the right, the digital retail with some business, our store that is connected in the main marketplaces in Brazil. Many partnerships that we have with the suppliers, like HP stores managed by us, iPhone pra Sempre, that is a program between Itaú and Apple.
As well as in digital retail, our remanufacture that we work with the brand Trocafy. I will start giving the general details of the results that we presented yesterday. We have had a history result. If we talk about revenue, we grew 0.6% year-over-year compared, and this revenue of BRL 1.4 billion is the greatest we have had over the last five quarters. This growth came strongly from our international area that is growing 2.9% year-over-year, 34% quarter-over-quarter. In retail, we grew a lot. I will give you more details on the next slides. We suffered in the Brazilian retail. In this quarter, we have had some retail losing focus on cell phones, and we decreased the Brazil distribution comparing the years.
When we look at the profit, we would have BRL 3.7 billion on profit, and this is with the benefits on our own capital that was paid in the third quarter. We have BRL 37 million, which is a significant number compared to BRL 3.5 million last year. It is quite an expressive profit. How can we get that? Before the growth of revenue, we had operational expenses. Comparing the years, we had an EBITDA that is 9% greater year-over-year, and the financial expenses, 3.8% lower year-over-year. We get an expressive growth. If we look at 3.7, it is 290% compared to the third quarter of 2024. Also, in the third quarter, we announced the payment of interest on our capital of BRL 300 million. It was paid in August to our shareholders. With that, the debt of the company is 23%.
It's the third consecutive year that Allied is one of the greatest payers of dividends on the Brazilian market. It is part of our strategy to give back to our shareholders a significant income. We announced a fund of capital of BRL 180 million to be paid now in November, to be paid back to the shareholders on November 25. If we consider all this amount that we are paying with the BRL 131 million of interest on our equity capital, it takes us to a dividend yield of 44%, one of the greatest in the Brazilian market in 2025. Let me get to any one of the parts, starting with distribution in Brazil and international. On the left, we see the Brazil distribution.
We've had a drop year compared to the year of BRL 628 million compared to BRL 694 million in the third quarter last year, which came strongly from some important clients we have in the fashion industry that they were important also on the sell market, removing the focus from this market segment. It, in fact, as we've always had, made a search for where the existing demand goes, and we'll go back to our usual levels. In the accumulated, we have 3% growth. Brazil distribution, BRL 1.2 billion in 2025, BRL 1.987 billion in 2024. The big highlight on the right is the international distribution. We've had $408 million this quarter, 3.8% compared to last year, but most importantly, 34% above the second quarter.
Just to remember, in the international distribution, we are located in Miami, and in the first quarter of this year, we suffered with the procedural changes that came with the new policy of Trump government. Although the tariffs didn't impact us, we are in the foreign trade zone where the American ta riffs do not impact us because they are dedicated to export. Despite all that, the purchase process of the manufacturers and sales and purchase changed significantly. We've had a first quarter that is quite hard. We adapted to that, but the third quarter shows that they are adapted, so everything is adapted. We reached the levels that we've had in the past in Miami. If we go to the physical retail, we keep our work of searching for a better efficiency in this segment of our business.
The changes that we implemented, we sold our point of sales located in Paraná. Paraná would bring a low profitability due to a different tariff situation, and we understood that to the benefit of the business, we should sell it. We are taking four very important point of sales in São Paulo. With the sales of Paraná and the purchase of the four ones in São Paulo, we reached 96 point of sales. As you can see in the map on the bottom part, that is quite concentrated in the southeast of Brazil, which bring us more efficiency. We keep working to improve the income in point of sale. We reached now BRL 436 million per point of sale.
If you compare to 2020, it's more than twice what we did, we are getting there with a more conversion of clients with a greater annexation of supplies and insurance and qualified sales. In the next page, we'll talk about online retail, this is the big highlight of the quarter to us. The online retail comprises some partnership programs like iPhone pra Sempre and our own store, Mobcom, connected to the main marketplaces in Brazil, also Trocafy, our remanufactured platform. We've had a strong performance in the third quarter, driven by the iPhone pra Sempre program. We launched the new iPhone in September, we had expressive results, 21% of growth comparing the years, which shows once again that iPhone pra Sempre is one of the greatest sellers of iPhone when the product was launching. Also, as part of the physical retail, we have Trocafy.
Now with a little more than three years of existence, if we look at the growth in these three years, we grew more than 200% a year. Our Trocafy platform is becoming the greatest remanufactured company in Brazil. Today, we are collecting the products used in iPhone pra Sempre, Fast Shop, and all Samsung stores, Vivo, Claro stores. We collect products to be remanufactured in the main point of sale in Brazil. When we made stronger our collection sources and on the other side, we are also growing our points of sale. Besides Trocafy points, that is an important sales for our remanufacturers, we are also connected to Magalu, Mercado Libre, and now in Shopee as well. Besides the online sales, we also sell the remanufactured products with the Trocafy brand to many retailers in Brazil.
With that, we create a category of remanufactured in Brazil and becoming quarter after quarter, more relevant on the Brazilian market. Our leverage of growth. We are betting and investing a lot in four pillars. The first one, Allied International in Miami. The portfolio. Well, today we sell in Miami, Apple, Motorola, and Microsoft products, the Xbox. We have the potential to expand in the portfolio and in the geographic region. The second is our area of B2B distribution, selling to companies. We are strengthening our offers to companies, adding new products and new services to our portfolio, we believe we have a power of growth in quite a strong way here. Thirdly, Trocafy. As I mentioned, we are growing 200% a year on the international market of remanufacture in Brazil.
It is quite low when we compare to the remanufacture market in Brazil, we believe that Brazil will follow similar penetration rate to the U.S. market. We are growing a market that is growing. The last pillar is our strategic partnerships, as we have with Itaú and Apple and HP on the online stores that we manage to them. We keep searching for new partnerships to put us in an emphatic position in the Brazilian market. To finish, before passing on the floor to Thalita, our big figures that are for the last 12 months, as finishing in the third quarter, we had BRL 5.8 billion in gross revenue with BRL 128 million in net profit. Over the last 12 months, as we sold 5.6 million products to make the representativity of Allied in this market tangible.
We have 96 physical points of sales and distribution centers in the U.S. as well, with more than 1,000 workers. The multiplicity of businesses that we have proves one more quarter that it brings resilience of results. This was a result that once again, was positive in this quarter, a historic one. Due to the tax benefits that we've had with the Lei do Bem that we gained and launched the results of this process a few months ago with our cash generation and with all the gains in efficiency that we implemented. I pass on the floor to Thalita. She'll get in more details of our financial offices. Thank you.
Thank you, Silvio. Well, in the third quarter, we could account for a very expressive result based on the long-term strategy of Allied.
Facing the taxation in Brazil, we'll have start with the positive effects on the quarter. That was the payment of BRL 128 million in August with BRL 61 million that is half of the declared value in November 2024, and BRL 69.7 million regarding the JCP of 2024 that we declared in August. We had a net profit of BRL 263 million, cash position of BRL 6 million, and this quarter specifically, a cash flow higher than our debt in BRL 152 million, leaving the leverage with an inverted signal compared to EBITDA. Going to the main figures, the company has a net revenue of BRL 1.43 billion, that is 0.6% compared to the previous quarter, and stable profitability compared our net revenue and EBITDA is specifically high. That had this credits of BRL 293 million that is historic to the company.
The net profit, besides the positive effect of selling the credits, we also had the optimization of the results with tax benefits and the declaration of the JCP reaching 18.6% of our net revenue. In the year accumulated, we have BRL 4 billion and our gross profit almost BRL 450 million, 11.2%, keeping the profitability, the accumulated EBITDA of almost BRL 500 million, 12.4%, and the net profit accumulated in BRL 293 million, 7.3%. Let's get into the details of revenue and gross profit. Starting with distribution, the highlight of the quarter was the international distribution.
That was the greatest number in the last five quarters, consolidating the recovery of this channel that suffered in the first quarter with the suffering of regulation due to the tariffs with China and over the quarter, they recovered, reaching now the third quarter with a growth of 3% compared to the previous period with the dollar growth a little greater. In this year, we had hell facing dollar, and this growth in dollar was 4%. Another important point in the international distribution was the net profit that quarter compared to quarter grew three points percent in profitability from one period to the other, making the net profit of the period to grow 13% and 15% in dollars. The Brazilian distribution, as Silvio mentioned, suffered a little in this quarter based on the renowned retailers, and the main one was not in the electronic sector.
Facing this macroeconomic scenario in Brazil with debt in the families and high Selic, they decided to leave the electronic market. It reflected the result, and it was with the two leverages and the migration of sales to big players on the online market, as well as the increase of our net profit in 0.6 percentage points, making the drop in the gross profit to be attenuated. In retail as a whole, which was the big highlight of the quarter, mainly when we analyzed the digital retail with a good performance in all segments that are incorporated in this digital, starting with iPhone pra Sempre, that had a historic sale growing a lot, Trocafy with expressive growth and two times the sales of the previous quarter.
Our digital licenses with a big basis and high potential market for us to keep being the leaders in the sales of licenses. Our marketplace that grows 19%, it's not a focus channel. The main of this marketplace is to bring solution to our manufacturers and not to cannibalize our main clients in distribution. Even though in this quarter we had a good performance in 19%, all of them allowed us to grow 39% in this channel facing the previous quarter. Our physical retail grows 19% when we see that it's basically flat. A positive point is the sales of the establishments in Paraná that gave a positive impact in the trimester. We also took four new points of sale in São Paulo, in the capital and countryside, like for example, in Shopping Ibirapuera and Guarulhos Airport.
Important points that will help us in the revenue of the fourth quarter. Analyzing all the perspective. In my right, you can see the accumulated in the international distribution decreasing in the accumulated comparing years, we reduced a lot in the quarters this difference. The Brazilian distribution also grows accumulated. In a smoother way and analyzing the profitability, some positive points like the international distribution that grows in the margin in 0.3 percentage points compared to the previous quarter, as well as the Brazilian distribution that grows more expressively, 8.5% compared to 7.9%. In the accumulated, we reached 6% because of the mix of sales, and the retail is following the new level of gross revenue from 23%-25%. Going to expenses. Allied keeps the commitment of strong management of expenses.
Our expenses with sales reduces in absolute values and improves in efficiency 0.6 percentage points, which is significant, emphasizing that the greatest growth in sales was in the digital retail channel with a high level of investment with expenses. Our general administrative expenses compensates even the inflation compared to quarters. The financial sector is a good highlight that we could have BRL 2 million economy compared to the previous semesters. These are two fronts, two movements generating this gain. The first one was the profitability of the greatest level of cash flow that we applied, generating BRL 5 million more in financial revenues compared to the third quarter of 2024. Also a reduction in the gross debt, attenuating the services of the debt, comparing the quarters in 2025, 2024. We have in this third quarter 2025, about 15%.
Taking this point and analyzing our debts, particularly in this quarter, the company could have a cash position greater than the gross debt, which made the debt to be excessive in BRL 152 million. It was paid in BRL 44 million, reducing 8.6%. Another positive point is that we reprofiled the debt which allowed us to give BRL 57 million from the short to the long-term. It is also part of the strategy of the company to balance the reduction of commitments in the short term to year 2026 with the elections and instability, and at the same time, not to increase the debts and maintenance of the high Selic rate. We decided not to reprofile debt and keep the payments. It makes the cost of the debt to reduce 0.1% over time, and with the payments of the debenture, the trend is to reduce that.
It is worth mentioning the cash movements to explain the cash numbers. The most important point here to me in this slide is the cash generation with the working capital that was 124%. Also with the monetization of the credits and our EBITDA as a whole, it was BRL 392 million, which allow us to pay even more JCP to our shareholders. The cash was BRL 124 million because it is net, it was retained in the declaration, which makes Allied to be one of the greatest payers on the market, comparing us directly to companies that traditionally are good dividend providers, like the utility companies, which makes us all in the company be very proud to deliver the results to the company and to our shareholders.
To summarize the recurring view, that is an important point, that Allied is still solid and profitable, bringing comfort and security not only to the workers, but mainly to the investors. The company keeps having stable profitability and almost 10% of profit and a recurring EBITDA that is BRL 4 million above the previous quarter with a gain of 3.3% and a solid profit of almost BRL 40 million. Also with the strategy of distributing that via JCP to our shareholders. I think with that is all. I would like to thank you all for one more participation in our video conference.
Good morning. Let us go to the Q&A session. We have a question from Fabio Massain. I congratulate you on the presentation, and he asks if the recent drop in the currency exchange affects positively the profitability of the company.
Thank you, Fabio, for your question.
The currency exchange variation does not impact the result, or we do not have any expectations of impacting the results. Why that? The great majority of the products that we purchase and that we resell are manufactured in Brazil. Despite the manufacture in Brazil, like cells or computers and so on, they have a participation of imported components, and the cycle of manufacture is quite long. We take, for example, a TV and the screens are imported, brought by ship. The TVs sold by Hoz had screen port three to five months ago. The variation of the U.S. dollar impacts our U.S. dollar from up and down on the long term, in six months of variation. In the short term, we do not see any impact in our profitability.
Thank you, Silvio. Fabio is also asking if with a significant cash value, if there is a proposal to reduce the additional capital.
I'll start and Thalita will complement it. The cash position that we have is positively impacted by the gain in the process of Lei do Bem, and BRL 180 million of this cash will be distributed on November 25. They will be given back to our shareholders as capital restitution. We don't have anything set forth, but it is a strategy of the company to always search to return to our shareholders with a significant profitability. We have nothing set forth, but this is something that is always under discussion with us.
Okay. Thank you, Silvio. We have a question from Lucas Fernandes, who's asking the company to clear on the accountability of the DIFAL related to the year 2022. Thalita, please.
Hello. Thank you for the question. The Supreme Federal Court judged on October 21st, on the underpayment of the DIFAL. Allied, as part of the long-term strategy, the conservative one has about BRL 70 million as a legal deposit, and probably it can be converted in cash and in results. We had a partial launch in this result of the third quarter. The other part is under analysis because the agreement is not set yet, which shows once again the commitment of the company, sometimes with harder policies to our people to keep Allied competitive, many times without these fiscal benefits. This is a commitment of the company that taxes add as additional to the shareholders, bringing more safety to those investing in Allied. I think this is what I can share with you. Thank you.
Thank you, Thalita. Carlos Benevides congratulates on the results and asks about the perspectives of sales and results during Black Friday.
Okay. I'll answer on behalf of Silvio, because Allied is analyzing the Black Friday sales and the market data with a good seasonality, a good perspective. We've had many players on the market, mainly online, with significant sales on November 11, and also with good sales movement. Analyzing the market data, Allied is part of this chain, and we understand we have a good potential for results as a whole to retail in Black Friday. Allied, as part of this chain, believes the trend that will follow the good points that we have so far in the preview of November. I think so far that's it. We cannot give the guidances of the company.
Analyzing the market as a whole, Allied is a strong player in this segment, and the trend is to keep following this market trend.
Thank you, Thalita. That was the last question. With that, we finish the results call of Allied in the third quarter. Thank you all.
Thank you. Have a nice day.