Tecnisa (TCSA3) investor relations material

Executive summary

• Sold a 26.09% stake in Jardim das Perdizes to a BTG Pactual Group company on June 1 for R$260.9 million; 26.41% retained.

• Net proceeds of R$234.284 million funded debt repayment; net corporate debt fell 46% in 2Q26.

• Priorities include launches, commercial execution, cost control and operational profitability; TENCASA is intended to diversify into Minha Casa Minha Vida.

Financial highlights

• 2Q26 consolidated revenue was R$26.887 million versus R$31.369 million YoY; 1H26 revenue was R$54.035 million versus R$78.261 million.

• 2Q26 consolidated net loss was R$11.133 million versus R$59.404 million YoY; 1H26 net loss was R$31.800 million versus R$67.479 million.

• Adjusted gross profit including equity-accounted projects was R$27.5 million at a 37.8% margin; 2Q reported gross result was a R$0.303 million loss.

• 2Q26 administrative expenses were R$10.9 million, down 7.8% YoY; 1H26 adjusted gross profit was R$69 million, up 86% YoY.

Outlook and guidance

• R$4.4 billion of Jardim das Perdizes PSV remains to be launched; total landbank PSV was R$5.0 billion, including R$2.2 billion in approved projects.

• Jardim das Perdizes launches are expected to resume in coming quarters; 2Q26 launches and deliveries were nil.

• Inventory receipts are expected to support debt amortization from 2028; launch proceeds are expected to service maturities from 2029 onward.