Lavvi Empreendimentos Imobiliários (LAVV3) investor relations material

Executive summary

• Achieved record launches in 2Q26, including Jardim da Hípica (largest ever, R$1.3 billion PSV, 44% sold at launch) and Novvo Santa Marina (R$121 million PSV, 51% sold), totaling R$1.4 billion in PSV.

• Net sales reached R$875 million (+12% YoY, +161% QoQ), with Jardim da Hípica accounting for 64% of sales in the first half.

• Net revenue was R$495 million in 2Q26 (+3% YoY, +33% QoQ), and R$868.3 million for 1H26 (+6% YoY).

• Net income was R$83 million in 2Q26 (net margin 16.7%), with annualized ROE at 24%.

• Landbank reached R$9.5 billion (100% view), supporting future growth.

Financial highlights

• Adjusted gross margin at 37.6% in 2Q26 (+1.3 p.p. YoY, +2.7 p.p. QoQ), with gross profit of R$186 million.

• Backlog revenue rose to R$3.1 billion (+21% YoY), with a margin of 38.8%.

• Net debt at R$525 million, leverage at 30.6%.

• Adjusted cash burn was R$28 million in 2Q26; cash generation (ex-land) was R$72 million.

• Adjusted EBITDA was R$137 million in 2Q26, margin 27.7%.

Outlook and guidance

• Confident in upcoming launches in both mid/high-income and economic segments, supported by robust landbank and high sales velocity.

• Minha Casa, Minha Vida segment expected to reach up to 40% of sales soon.

• Focus remains on disciplined capital allocation, portfolio renovation, and centralized administration.

• No material uncertainties regarding going concern were identified.