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

Executive summary

• Achieved record quarterly launches (up to R$1.2 billion VGV/PSV) and net sales of R$697 million in Q1 2026, up 85% year-over-year, with 62% of new units sold by quarter-end and strong absorption across segments.

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

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

• Interim dividends of R$28 million (R$0.10/share) approved, payable May 29, 2026.

Financial highlights

• Net revenue for Q1 2026 was R$323 million, up from R$311 million year-over-year, with gross margin at 38.7%.

• Net profit reached R$120 million, with ROE at 13.5% and net margin at 37.1%.

• Operating cash flow was R$171.3 million, reversing negative cash flow year-over-year.

• Net cash position at R$7 million, reversing net debt of R$147 million at end of 2025.

• Dividend payout of 25% of net income, with potential for higher payouts depending on liquidity.

Outlook and guidance

• 2026 launch guidance reaffirmed at R$2.5–3.5 billion VGV/PSV, with 26–37% already achieved in Q1.

• Management confident in meeting annual targets, supported by strong operational pipeline and sales absorption.

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