Good morning, everyone. Welcome to the Video Conference for Results of The Fourth Q of Allied Tecnologia. I'm Adriana Santos, Investor Relations, Allied Tecnologia S.A. Before starting the presentation, I'd like to emphasize that this meeting is being recorded and also translated simultaneously into English. All participants in this video conference will be only hearing during the presentation. Later on, we'll have a Q&A session. If you have any questions, you may send it via the Q&A button available on the bottom part of your screen. I emphasize that eventual declarations on business perspectives and projections refer to the beliefs and premises of the company subject to uncertainty, therefore, may not happen.
Today, I have here Silvio Stagni, CEO of the company, and Thalita Basso, Chief Financial and Investor Relations Officer. I pass on the floor to Silvio, who will start his presentation talking about the financial highlights of the quarter.
Good morning, everyone. Thank you for your presence here. Our goal here today is to talk about the results that we launched yesterday evening. I'll go through some highlights of the quarter and the year, and later on I'll pass on the floor to Thalita, who will comment on the financial highlights of the quarter and the year. We like to start the presentation reminding you of the three business pillars of Allied, and I'll start with the pillar that is on the right, that is our distribution. The company started in 2001 as a distributor of cell phones, and over the 24 years we became the main distributor of electronics in Brazil. Not only mobiles, but many categories like TVs, computers, video games.
Two years ago, this area of distribution also expanded to Miami. We opened a branch, Allied Miami, that today distributes to many countries in Latin America. In the middle, our physical retail business. We are the greatest Samsung partner in physical stores in Brazil with 111 stores, most of which in the southeast, plus Mato Grosso do Sul and Paraná that are managed by us. We also have two physical points of sale of Trocafy, that is our business for remanufacture. Lastly, the digital retail and strategic partnerships on the left, we have the online store, Mobcom, that is connected to the main marketplaces in Brazil, like Magazine Luiza, Mercado Livre, Amazon, Casas Bahia. Besides our store, we have many strategic partnerships. The oldest one, iPhone pra Sempre, in which we are inserted in Itaú app, selling iPhones to bank account people in Itaú.
Recently in 2024, we became partners online of HP, and today in Mercado Livre, the first official HP Store is managed by us. Recently we started a partnership with Nubank to sell iPhones in the Nubank app. In all categories we work, we have a significant market share. 9% in smartphones, 12% in video games, and 6% in notebooks. 2024 was a hard year due to the dollar impacting the prices of electronics in Brazil, credit to retailers and consumers that was quite restricted. The capital cost that was high, everything impacted the consumption of electronics in Brazil in 2024. If we pay attention to the main category of electronics, that is cell phones, in 2024, the market dropped 4%. Our results were quite resilient, which makes us believe that our diversity of business brings this resilience of results, we are following the right pathways.
I'd like to start talking about the big picture. Revenues. In the quarter, we decreased 3%, and in the year 6%. I'd like to have two filters here in these results. As you can see on the next slides, where there was a drop in results is in the Miami distribution. If we consider only Brazilian businesses, on the third quarter, Brazil grew 17%. It was quite a strong quarter. In the year, we grew 4%. Brazil grows 4% on a market where the main product is cell phones that is decreasing 4%. It's such a strong result facing the situation of the market and what we faced. Now let's talk about profit. Once again, a strong quarter, 30% above last year, the fourth Q compared in 2024 and 2023. In the year, 28% of growth in the profit.
Maybe even more importantly, the percentage profit grows to 7.3%, a very nice result. We have a cash management that is quite strict in the company, which made us be able in 2024 to distribute to our shareholders BRL 190 million in proper capital in share with a dividend yield of 30.7%, one of the greatest in Brazil. We committed to BRL 122 million in our own capital to be paid in 2025. Thalita will show you that this is a year that we could have cash generation with BRL 82 million in debt that is quite low, and accreting taxes of BRL 245 million that are monetized over time. It's quite a consolidated position when we finish 2024. Now let's start in the Brazilian operations.
Here, considering all Brazilian business in digital retail, physical retail, and distribution, it's quite a strong quarter, 17% growth in the fourth Q compared to the previous year, 4% year-over-year. The fourth Q had this growth based strongly in two business lines. The distribution had quite a relevant result. Trocafy is expressively growing, as I'll show you later, and it influenced this growth of 17% in the fourth Q. Now, going deeper into the details of each one of the business pillars. I'll start with distribution. Year-over-year compared. The flat revenue minus 0.2% on a market that is decreasing 4% in cell phones and 1% in notebooks, which means that we gained market share in the Brazilian market in 2024. We suffered in the international distribution on the right side of the slide. We decreased 27% comparing the years.
In 2024, we found a scenario for the international distribution that was quite more competitive than the previous year. Once again, we prioritized having a profitable operation regarding the volume of sales, even though the international area is still one of the areas that we believe is one of the drivers of growth of Allied. We started this operation basically two years ago. We don't work in all countries in Latin America yet. We export from Miami to about 16 countries. In 2024, we increased the portfolio of products in Miami. Besides Apple, we now have Xbox from Microsoft and Motorola. It is an operation that despite the result in 2024, we believe has a potential for growth that is quite big, geographically speaking, and in the increase of the product portfolio. Now going to the online retail, our second business pillar.
Here, as I mentioned to you, we have the strategic partnerships and our Mobcom store that is plugged to all the big marketplaces in Brazil. I'd like to start talking about iPhone pra Sempre . This program was launched in August 2020. 2024 is the fourth year of operation, and even though we keep growing, we had a growth of 7% in 2024. Today, iPhone pra Sempre is one of the main channels of sales of iPhone in Brazil, one of the main channels of sale of iPhone when the new products are launched, like iPhone 16 this year. In September 24th, we started a partnership with Nubank. We are in the Nubank app. With the journey and the people in Nubank find the offer of iPhone as an aggressive funding and with customized credit to the profile of each one of the clients.
This is a program that we believe can be as strong as iPhone pra Sempre. We are only the beginning. We have a lot to grow here. HP. In October, we opened the HP Store in Mercado Livre, an efficient store in one more strategic partnership, showing how strong our relation is with the main manufacturers on the market. In three months, the amount of sales in the store represents 8% of our sales in the marketplace. One area that we are exploring a lot is the services area. In 2024, we started a new partnership with Microsoft for the Office online sales. We kept our sales for license of McAfee antivirus on the market. Considering both brands, we sold more than 166,000 licenses in the year.
With our program of cell line sales with [Viaümü] or with the solution that we have in many retailers in Brazil, in 2024, we sold more than one million cell lines. All of that together represents a growth in our retail market of 11% in 2024. Going to the physical retail. We've been telling you that we continually work to increase efficiency per point of sale. How can we do that? Well, by managing strongly the costs of each point of sale. With attached services, because great part of cells that we sell today at Samsung stores has insurance attached and some devices attached. We sell two accessories for every cell sold, and also wearables that are the watches or earplugs. In 2024, for every two cell phones, we sold one wearable. That is important for the Samsung ecosystem offered to the consumers.
Also, we started focusing on categories that were small to us, like tablets and notebooks. If we analyze the amount of sales in 2024, we sold three times more tablets and notebooks compared to the previous year. All that made 2024 to have a revenue per store of BRL 19,000. Compared to 2020, it was BRL 206 million, so more than 6% growth. The result of that is that we grow 13% comparing both years, and if we take sales in same stores, we grew 17%. That is quite an expressive number if we compare to the physical retail in Brazil. Let's remember our growth drivers. Besides the three pillars, physical and digital retail and distribution, we are focusing on four drivers that we believe will make Allied grow in the future. The first one, international expansion. As I mentioned, Miami is still in the beginning of the process.
We have a geographic expansion to work in more countries in Latin America. We are expanding portfolios. We have more products in our portfolio. The B2B that is selling to companies is one focal point to us. We just hired a new director to the area, it will be an area with a lot of investment this year. The partnerships like Nubank or Itaú or HP now, this is a point of focus that is Allied expertise. Trocafy, that is our remanufacture area. Regarding Trocafy, I would like to get into the details of this business area. Trocafy is based on the thesis that the remanufacture area in Brazil will grow significantly. If we analyze IDC, we understand that the figure will be 2.6% in the cell phone market. For the remanufacture market, it will be 8.8%.
This market will grow more than the market of new products. Considering penetration, also based on IDC, this Brazil remanufacture had a penetration of 8% on the market compared to the U.S. with a 27%. We understand that Brazil will reach the level of penetration of remanufacture that the U.S. has today. This is our investment thesis. This area started by the need of iPhone pra Sempre . Just to remind you, this is a program where the consumer pays 21 installments, and in the 22nd one, they can pay it or give the phone back. When we collect the cell phones with this program, we create Trocafy, and we have a lab that is approved by Apple. We collect all the cell phones that consumers decide to give back to us.
We remanufacture with original parts, and we sell on the market by our brand, Trocafy. Trocafy today is a 3P on Mercado Livre and Magalu, and we have two physical kiosks. This is the sales part of Trocafy. We grew a lot in 2024 on capture of remanufacture product. We start with iPhone pra Sempre , in 2024, on March, we entered Fast Shop. Today, when you go to a Fast Shop store, and the salesperson offers to purchase your used phone to buy a new one, who is purchasing that is Trocafy. In September, we became partners with Vivo in trading. In all stores, the trading program belongs to Trocafy. In November, we became Claro partner. Today we have the main points of collection of iPhones on the Brazilian market, which will make Trocafy grow fast. Comparing 2023 and 2024, we grew almost three times.
Those were the main points I would like to emphasize on the 4Q on 2024. Just the figures here for you to have the big picture. BRL 6.4 billion in gross revenue, BRL 221 million in EBITDA, BRL 129 million in net profit, 113 points of sales, four distribution centers in Brazil and in Miami. In 2024, 6.2 million products sold. If we analyze the deliveries to consumers, 513,000 parts delivered. In physical retail, 17% of growth in the stores. Today we have 1,100 workers in Allied. I'd like now to pass on the floor to Thalita so that we go deeper in our financial results.
Okay, now it's working. Good morning, everyone. I'd like to thank you for your presence to follow Allied results. Now let's go deeper into the results and the financial figures. I'll go into details of what Silvio said. In 2024, we start.
I'd like to start by saying that we had big financial accomplishments. We started that in 2023 with big results in cash flow that allowed us to pay BRL 190 million in interest on equity in 2024. On March, we paid that. This follow-up of results over the first quarter of 2024 allowed us to declare more BRL 100 million in interest on equity in July 2024, the good result in 2024 allowed us in the fourth quarter to generate BRL 264 million in cash flow, operational cash flow. We could have BRL 10 million more of interest on equity. That we'll pay half on April 15 and the other half on October 15. Additionally, even with the cash distribution, we could have the low net debt of BRL 81.7 million and leverage of 0.4x EBITDA.
Additionally, we could allow our credits of PIS/COFINS in September 2024, which allows us to start the monetization of this amount of BRL 245 million. Analyzing the numbers as a whole. Allied had a drop in the quarter of 3% and 5.7% compared to the previous year. In a simplified way, as Silvio mentioned, it was very hard basically because of our international establishment. The net profit was BRL 177 million, 1.1% growth with a percentage margin of 12.8%, 0.5 percentage points above compared to the previous year. It was BRL 657 million with a -3.1%. That is lower than the one of the net revenue, 11.9%. In total was a growth of 0.3 percentage points. When we analyze the accountable EBITDA in the quarter, it was BRL 55.1 million, which seems a big drop compared to the previous year.
In the fourth quarter of 2023, we declared good part of the PIS/COFINS credits of exclusion of ICMS and ST from the base, so there is a distortion. Even though in the fourth quarter we had 4% EBITDA margin, that is quite a healthy figure to our channel. In the year, we had basically BRL 242 million, a retraction compared to 2023, but in percentage, we could generate 4.4% of our result with a small retraction compared to 2023, emphasizing that the credits impacted the relation in the comparison when we talk about this timeframe. Our fourth quarter of 2024 is a result with no adjustments or impact over time.
The net profit, the same trend, basically BRL 60 million of net profit in the quarter with an apparent reduction compared to the previous year, a percentage of 43% in the year, BRL 145 million generated with a growth of BRL 18.9 million, a lot due to the cash management that even with the distribution of BRL 190 million of interest on equity, we could improve our financial result in BRL 25 million, which generated 2.6% in profit over our revenue. Going to the channels. As mentioned, our Brazilian distribution grew 21.5% in the fourth Q compared to the previous year. In absolute number, it was the best performance over the last five quarters. Basically, BRL 795 million compared to BRL 655 million. International distribution, as we mentioned, suffered in 2024 a lot due to the loss of value of the Latin American currencies facing U.S. dollars.
It decreases competitiveness, it's still a relevant business to the company that reached in 2024 BRL 1.3 billion. We analyze our gross profit, we have a good result, BRL 65 million in absolute values in the quarter. It was above all the previous quarters. It was also a good result we analyzed because there is a mix of the good results in Brazil and internationally. It's also important to emphasize that this growth in the Brazilian distribution in the fourth quarter was due to the work we had over the year to sell sustainably. It is spread in many clients with a representativity among the manufacturers, which brings security to the beginning of 2025. Our retail as a whole had a growth.
We analyzed retail as a whole, it was BRL 453 million compared to BRL 410 million, and it was the best absolute result in the five quarters. Special emphasis on the fourth quarter in the digital retail that we reached BRL 315 million with a 17% growth compared to the quarter in 2023. Our physical retail had a small drop compared to the fourth quarter last year. It keeps being the second greatest quarter in the year for our physical stores. It is the Black Friday and Christmas, we only lose that to the S-L ine launch, that big channel is the stores. Our digital retail grew in many fronts, 28% coming from Mobcom, working in the marketplace when we analyze quarter-over-quarter, 30% growth in Trocafy also in the same period. We started a partnership with Nubank that clearly brought additional revenue in the fourth quarter.
As a whole, digital retail grew 12%. The physical retail, as Silvio mentioned, we have many differentials to reach the result. If we compare year-over-year in comparable stores, we grew 17%. A great part of the revenue was because we tripled the sales of notebooks and tablets in the stores. As mentioned, we doubled the revenue per store since the end of the pandemic, which is a great effort. Aside from the sales that we could add value, both in services and in devices and wearables, it is also very important to strengthen the ecosystem of Samsung along with the loyal clients. The gross profit reached BRL 110 million, a little less than the last quarter of last year, but it was the most current quarter in 2024.
With a small reduction in the percentage of gross profit, it is a little due to the mix of what was sold in digital retail with a greater representativity in the quarter compared to the previous ones. We also used the digital channel to echo our phase outs that had lower value than last year in amount. The channel was the most appropriate for the phase out, I mean, the digital channel. In perspective, comparing gross profit and net revenue, we reached BRL 1.4 billion of net revenue in the quarter. The market, as mentioned by Silvio, had a retraction in our greatest product, our greatest line, that is the cell line that dropped 4% in the year. We analyzed Brazil's performance, we had a growth in the fourth quarter of 17%, which also generated BRL 6 million more of net gross profit in the period.
It is quite a solid business with only one problematic channel that is international distribution. Analyzing the gross margin, we have instability in the international market with a small drop, about 2%, but it is still a representative channel, and we won't give up on profitability for the perennity of the business. This is very important. The Brazilian distribution has a strong growth in fourth Q, and we could keep the profit in 8.1%. In the consolidated, it generated a positive of 7.2% of gross margin. Our physical and digital retail was about 24.3% with the mix effect, and as a whole, the company generated 12.8%. In the history, it was the greatest quarter. Obviously, we have the mixes, but we have the health of each one of the channels. That is the most important point. That is the percentage greater than 2023 and the previous quarters.
Now talking about money, we generated BRL 177.3 million, which was the greatest absolute value in the five quarters. All channels have an important weight, mainly the Brazilian distribution and our retail that was also important to the year, although a little lower than the fourth quarter of the previous year. Operational profitability, analyzing Allied expenses. How can we make the year? How do we behave? Analyzing expenses with the sales, that is what we invest to generate the business. In absolute values, we have the same BRL 102 million of the fourth quarter last year. It is quite relevant to us because it shows a good level of investment, because it is an expense that is related to our retail business, that is the one that demands more investment in sales.
In this business especially, we grew 17%, which shows a good level of control where we put our expenses to keep our operations growing. General expenses and administrative ones with a lower value, about BRL 33 million. We increased BRL 1 million compared to the fourth quarter of 2023, with a growth of BRL 1 million comparing the years, which corresponds to a 3% increase that is lower than the inflation of the period. Please remember that here we have a lot of expenses of contracts that are readjusted, at least by IPCA. Other operational expenses, basically we do not have. It is 1%. When we analyze the total expenses, BRL 490 million versus BRL 493 million, it is a reduction of 0.6%.
Regarding the financial result in 2024, we keep the cash management, which allows us to have a reduction in our financial expenses and an increase in our revenue even after the cash distribution that we had. Comparing the years, we had an improvement of almost 20%, that is BRL 25 million, helping the results with an important value for the profit that we had in 2024. I would like to emphasize that Allied needs just a few short-term working capital for the operations, and the financial expenses come from our structural debts. Analyzing our debts, the company finished the fourth quarter of 2024 with a net debt and leverage. We reduced the gross debt in about BRL 40 million. That was the details of our funding of [Soudi. The BRL 40 million were paid on March 25.
There was a reduction in the cash compared to the end of the year of BRL 110 million. Remember that we had, to our shareholders, BRL 190 million paid, our cash reduction was lower than our distribution to our shareholders. Even though we could finish with a debt of BRL 82 million, that is quite a low value for a company like Allied with a leverage of only 0.4%. Here we have amortization with no changes. We redid it in the end of 2023, we follow the schedule constantly, the cost of CDI debt was 2.46% a year. The cash generation following the fourth quarter. We had the working capital generation coming from the stocks that we had in the end of the fourth quarter 2024 to the high season of sales in Q4. That was quite well done.
There was a high flow of sales reducing the stock with a good cash generation in the period. It generated BRL 112 million as a whole of cash flow, even after paying BRL 40 million in debt, as mentioned, besides the interests of our structure, and also to give investment gap in our stock of the third quarter. We had the payments of working capital in the short term of BRL 75 million. As a whole, our cash in the end of the fourth Q compared to the end of the third Q, had a generation of BRL 112 million. Bringing our final figures. Our net revenue in the fourth quarter is still close to BRL 1.4 billion as we started.
It's still with a stable value, as Silvio mentioned, with Allied resilience and having business that complement to manufacturers and partners, making us have quite a challenging environment as in 2024 with an increase of the interest rate and the indebtedness of the families, and a challenging scenario for retail. We still keep being constant, we could generate absolute values with the greatest gross profit in the last five Qs with a 12.8%, an accountable EBITDA of BRL 54 million in the fourth Q. That is a pure number of 4% of the EBITDA.
Our net profit of almost BRL 6 million, 4.3% with part of fiscal gains of the interest on capital paid, a solid result of operations in BRL 18.2 million, showing our commitment to all our investors in the management and profitability of our businesses. I'd like to thank you all for this opportunity of sharing Allied's results.
I'll start the Q&A session, please remember that for you to ask questions, just click the Q&A button, the bottom part of your screen. We have a first question of our investor that congratulates the year results and mentions the performance of the international operation compared to the previous year, he asks about the perspectives on the international distribution for 2025. Silvio, if you can give us a glimpse on how the operations will be.
Okay. Thank you. The international operation basically started in January 2023, strongly based on the distribution of iPhones and Apple products in general, not only iPhones, but iMacs, iPads, to some countries in Latin America. Using some filters, some few countries, mainly Brazil and Argentina, that have local production, they do not supply from Miami.
The other countries in Latin America do. They have their supply coming from Miami. They can import whatever they want, and Miami is the easiest point of port for Latin America countries. This operation started aiming at selling to all countries in Latin America except Brazil and Argentina and some countries with which Apple work directly. Today we are in 16 countries. We have many other countries to expand yet. As I mentioned, we are in the beginning of comprising the portfolio of products. This year we added Motorola cell phones, and we also added the Microsoft video games, the Xbox. In the case of Xbox, we gave one step more besides what we were doing. As in the big region of Brazil, we have tax benefits to import video games.
We are selling Xbox from Miami, not only to Latin America, but also to this area of Brazil in the north part of the country. This operation that started with the idea of selling to Latin America where there is no local consumption, we also have the potential to sell to Brazil, products that for many reasons can be competitive, like Xbox that is not manufactured in Brazil, and possibly other brands that are not in Brazil. I believe the Miami operation is still starting. 2024 was a hard year because it's a brutally competitive market. It's a market where players from all over the world offer product. 2024 was a difficult year, but 2025 with the geographic expansion and expansion in the portfolio, we'll have in 2025, 2026, and 2027, we'll have an important growth driver to Allied.
Thank you, Silvio. The next question comes from Luisa. She wants to know about the Trocafy operation. If you can answer this question, because she says that in 2024, we had some partnerships with Claro and Vivo that was launched in 2024, and she wants to know about the pipeline and inclusion of new partnerships in this front, and she's asking you to talk a little bit about what to expect from this operation.
Well, Trocafy, in the remanufacture market, we have the collection and the sales. During the year 2024, we worked a lot in the points of collection. The agreement we had with Fast Shop, Vivo, Claro, and Samsung stores, not only ours, but of other partners of Samsung as well. We cruised the collection of products that will be remanufactured and sold with a Trocafy brand.
This market in Brazil was always limited by the offer and not the demand, and this is what we decided to do in 2024, having points of collection and increasing our offer. Our thesis is that the Brazilian market will migrate from the sales of remanufacture from person to person, but with a third party like Trocafy, because with that you have many guarantees. You know where the product comes from. You have a three-month insurance, like in our case, all the remanufacturing is with original parts. The level of quality and guarantee that you have purchasing from a remanufacturing store is greater. We are working on the collection. We worked on the collection, and we are working in points of sales with Meli, Magalu, and kiosks. I would say that we have the main points of collection in Brazil.
Vivo, Claro, Fast Shop, and Samsung are the main points of collection. 2025 will be a year for us to get the results of having created these partnerships with these companies. We'll keep developing our points of sale. We are testing sales with the kiosks. We have only two today, but if we believe it's a good way, we will expand that. We are in only two marketplaces that are Magalu and Mercado Livre, so still have potential to expand. In terms of partnerships for collections, we have the main players on the market, and I don't believe we work a lot on this side. Our focus now is to work in the sales of products.
Thank you, Silvio. One more question coming from Rafael. He thanks for the presentation, and he would like to know how the first months of the year compare to 2024 in terms of revenue and EBITDA. Is there any relevant change in 2025?
Well, as an open capital company, we cannot comment on results that give any result guidance to the market. I won't talk about comparisons or numbers or revenues or EBITDA. This is a year that we have similar challenges to the ones we had last year. The credit to the retailer is quite restricted, and the electronic market is working with the credit insurance companies. In the case of Allied, the company's part of the credit that we provide to the market, and part is their own risk. This is the first factor that already existed last year, and it is still there.
Secondly, we are in the first quarter with more impact on dollar variation than we had last year when dollar was relatively stable. The electronic products that we sell, like Samsung, Lenovo, Apple, despite manufactured in Brazil, great part of the parts are imported. The dollar variation brings variation to the price to the consumer. This first quarter is a first quarter of price adjustment on the market. Dollar grew, came back, we have some variability of prices to the consumer, which is an additional difficulty. Lastly, we have the situation of consumer credit that is still limited and is also a factor that we had last year. It's a difficult quarter, just like last year. I believe that regarding the price variation, they may be stable briefly.
We had two years of Consumer Week instead of one, just like traditionally, and retail had good results and good offers. The Consumer Week is becoming a relevant date, it impacted positively, I believe, to all the Brazilian retail. We'll have the same difficulties as we had in 2024, but I believe that Allied knows how to deal with a market that is difficult, and I believe we'll keep being resilient in our results.
Thank you, Silvio. One more question now coming from Luis. He congratulates the video conference and our results, and he mentions that despite the sector being challenging, Brazilian distribution and physical retail had good results and good margins with a gain in market share. He's asking to talk about a little bit of what mentioned before regarding the operations to bring the ideas for 2025.
In terms of physical retail, we are strongly impacted by the launches of Samsung. That is Galaxy, that we just launched, Galaxy S25 in February. At some point in the year, generally in the middle of the year, they launched the Flip and Fold one. These are two important moments besides the promotion sales, and the main one is Black Friday. The sales of S25, that is a measurement of the success of the product, is quite strong. It is above the sales of Galaxy S24. That shows the strength of Samsung and the launches with the new updates and artificial intelligence and all the novelties. The news, the novelties, I believe Samsung can bring in such a way to keep fostering the market. In terms of distributions, we gained share in 2024.
We could keep the resilience of results in the fourth quarter with a significant growth, this growth came from good businesses that we had in the fourth quarter. I believe most importantly is that we analyze distribution because it's resilient over the years, both in sales and in margin. Once again, we'll navigate in a difficult market, but we've faced that before, and I believe we'll be able to bring positive results.
Thank you, Silvio. One last question I have here that I would like to reinforce also. If you want to sell your question, you can do that via Q&A. The Q&A button available in the bottom part of your screen. The next question, I'll pass it to Thalita because the question is regarding the financial issues, what we are doing to mitigate financial risks in 2024, and the measures taken to strengthen the resilience of the business facing all the economic uncertainties of the market.
Good morning, Adriana. I would like to thank for the question. It's quite an important one. As you've mentioned, Allied is facing economic challenges since 2024, and we'll keep our good practices in the management of cash flow and working capital and betting correctly so that we keep our sales, but being careful to keep our ability of payments. Regarding the debts Allied enter 2024 with a low level of debts in quite with a lot of awareness so that we don't have the impact of Selic rates, so that we don't have impacts in the interest of our structures.
We'll keep the good practices and cash and flow cash are measured monthly. We have here all the elements to ensure not only a perpetual business and the investments necessary in terms of cash, and to avoid the level of leverage that may make our financial results to be destroyed over time due to the high interest levels. Thank you.
Thank you, Thalita. There are no more questions here, I thank you all for your presence in this video conference. The team of Investor Relations are available to answer any further questions you might have via our communication channels. Thank you very much. Have a nice day.