EZTEC Empreendimentos e Participações S.A. (EZTC3) investor relations material

Executive summary

• Achieved record quarterly launch volume in 1Q26, with launches between BRL 925 million and R$1.2 billion and net sales of R$697 million, up 85% year-over-year.

• Net income grew 27% year-over-year to R$120 million, with net margin between 36.5% and 37.1%.

• Four new developments launched, with 62% of units sold by quarter-end and strong absorption of new inventory.

• Completed inventory sales increased 78.4% year-over-year, totaling R$102 million.

• Maintained aggressive commercial policy and strong media presence, supporting robust sales.

Financial highlights

• Net revenue for Q1 2026 was R$323 million, up from R$311 million in Q1 2025.

• Gross profit reached R$125 million, with gross margin at 38.7% and adjusted gross margin at 40.8%.

• Net profit for Q1 2026 was R$120 million, with ROE between 11.1% and 13.5%.

• Dividend payout of BRL 28 million (BRL 0.10 per share) scheduled for May 29, 2026.

• Net cash position at BRL 7 million, reversing net debt of BRL 147 million at end of 2025, with cash generation of BRL 154 million in Q1 2026.

Outlook and guidance

• 2026 launch guidance reaffirmed at BRL 2.5–3.5 billion, with 26–37% already achieved in Q1.

• Upcoming launches include Azzure Resort Life (R$387.5 million PSV) and Gran Resort Reserva São Caetano (R$460 million PSV).

• Expectation of continued strong cash generation and robust operational pipeline throughout 2026.

• Margins expected to remain resilient despite inflationary pressures, with potential for improvement if market conditions ease.