Sequoia Logística e Transportes (SEQL3) investor relations material

Executive summary

• Achieved 21.2 million banking object deliveries in 2Q26, up 7.9% from 1Q26, maintaining ~60% market share and focusing on core banking and B2B logistics after discontinuing B2C operations in April 2026.

• Net revenue reached R$137.8 million in 2Q26, up 7.8% sequentially, driven by banking logistics and B2B expansion.

• Gross profit rose to R$25.4 million (18.4% margin), a significant improvement from 7.2% in 1Q26, reflecting operational efficiency and business mix changes.

• Adjusted EBITDA was R$30.7 million, up 96.8% sequentially, with margin expansion to 22.3%.

• Net loss narrowed sharply to R$7.2 million in 2Q26 from R$77.1 million in 1Q26, reflecting improved margins and lower financial expenses.

Financial highlights

• Net revenue reached R$137.8 million, up 7.8% from 1Q26, but down 14.7% year-over-year due to B2C exit.

• Gross profit was R$25.4 million (+176.1% vs. 1Q26), with gross margin improving to 18.4% from 7.2% sequentially.

• Adjusted EBITDA was R$30.7 million (22.3% margin), up 96.8% sequentially.

• Net loss narrowed to R$7.2 million from R$77.1 million in 1Q26.

• Operational cash generation was R$10.2 million in 2Q26 and R$29.3 million in 1H26.

Outlook and guidance

• Strategic focus on core banking logistics and B2B, with B2B revenue up 57.9% in the quarter.

• Continued investment in technology, including AI for delivery confirmation and real-time shipment management.

• Ongoing expansion of franchise delivery network and active management of legacy liabilities.

• Expectation to generate operational cash to further reduce legacy liabilities and support rational growth.