Brisanet Serviços de Telecomunicações (BRST3) investor relations material

Executive summary

• Net revenue for 2Q26 reached R$475.9 million, up 16% year-over-year and 5% sequentially, with strong operational growth in both broadband and mobile segments, and continued expansion in the Northeast and new strategic moves into the Midwest region.

• Gross profit for the first half was R$411.0 million, up from R$343.2 million year-over-year, with a quarterly gross profit of R$213.6 million versus R$174.0 million in Q2 2025.

• Net income for 2Q26 was R$26.1 million, a significant increase from R$6.2 million in 2Q25; net income for the first half was R$45.2 million, up from R$26.7 million year-over-year.

• Mobile subscriber base grew to 1.07 million in 2Q26, with 116,000 net additions in the quarter and coverage expanded to 335 cities.

• Converged offerings now represent about 25% of the customer base, supporting customer retention and ARPU growth.

Financial highlights

• Net revenue reached R$476 million in 2Q26, a 16% increase compared to 2Q25; gross revenue for 2Q26 was R$529.9 million, up 16.4% year-over-year.

• Adjusted EBITDA for 2Q26 was R$200 million, with a margin of 42%.

• B2B revenue grew 18% year-over-year, while total broadband revenue increased 12% year-over-year to R$417.7 million.

• Mobile revenue in June accounted for over 12% of total revenue.

• ARPU B2C rose 4.0% sequentially and 15.8% year-over-year; B2C ARPU (broadband + fixed telephony + others) was R$92.65, up 6.8% year-over-year.

Outlook and guidance

• Strategic expansion into the Midwest with an initial capex of approximately R$100 million, targeting 115 cities; sales in new regions expected to begin by the end of August 2026.

• Management confirmed compliance with all financial covenants and indicated sufficient liquidity to meet obligations.

• Continued expansion in mobile and fixed broadband segments expected, with focus on increasing coverage and subscriber base.

• Profitability anticipated to improve as Midwest mobile operations mature, following the pattern seen in the Northeast.

• The company continues to focus on expanding telecommunications services and investing in infrastructure and technology.