PDG Realty SA Empreendimentos e Participações (PDGR3) investor relations material

Executive summary

• Significant operational recovery in 2Q26, highlighted by strong mortgage transfers at Tatuapé totaling R$25.1 million, supporting debt amortization and cash flow.

• Approximately 90% of Tatuapé units sold and 80% of keys delivered, reinforcing recovery progress.

• Construction at Santana advanced to the foundation phase, with SoS of 5% and accounting for 18% of gross sales in the quarter.

• Formalized sale of a 20% interest in the DOV land plot, retaining a 23.34% stake, supporting cash reinforcement.

• Focus on operational efficiency, deleveraging, and inventory reduction.

Financial highlights

• Gross profit reached R$0.2 million in 2Q26.

• Gross sales in 2Q26 were R$11.8 million, down 44% year-over-year; net sales fell 60% to R$5.9 million.

• SG&A expenses decreased 14% year-over-year, with G&A down 34% and selling expenses up 23%.

• Financial loss reduced by 41% to R$46.2 million, mainly due to fair value adjustments of debt.

• Net loss for 2Q26 was R$49.5 million, a 40% improvement year-over-year.

Outlook and guidance

• Continued focus on deleveraging, renegotiation of extraconcursal debt, and operational recovery.

• Ongoing judicial reorganization may further impact debt structure.

• Strategic review of landbank and search for new partnerships to maximize future project potential.