Trisul (TRIS3) investor relations material

Executive summary

• Gross contracted sales rose 31.8% year-over-year to R$450.9 million, but fell 38.9% sequentially from 4Q25.

• Net profit dropped 34.2% year-over-year to R$28.3 million and declined 56.7% from the previous quarter.

• Net revenues increased 26.2% year-over-year to R$343.2 million, but decreased 22.1% sequentially.

• Launched R$436 million in PSV, with 1,591 units, including major projects like ELEV Ipiranga, Vila Boulevard Mooca (Phase 2), and Terrare Moema.

• Delivered three projects totaling R$560 million in PSV and 643 units.

Financial highlights

• Adjusted EBITDA reached R$55.6 million, up 4.6% year-over-year, but down 38.5% from 4Q25.

• Adjusted EBITDA margin was 16.2%, down 3 p.p. year-over-year and 4 p.p. sequentially.

• Gross profit was R$87.5 million, down 1.4% year-over-year and 27.1% sequentially.

• Gross margin fell to 25.5% from 32.6% a year ago.

• Adjusted gross profit was R$104.2 million (+8.4% y/y), with adjusted gross margin at 30.4%.

Outlook and guidance

• Several new project launches in 1Q26, including Vila Boulevard, Elev Ipiranga, Terrare Moema, and Mooca Fase 2, with a combined PSV of over R$436 million.

• Focus on maximizing ROIC and Present Value Margin, with potential impact on gross margin due to accelerated inventory turnover.

• Two additional developments scheduled for delivery in 1H26, totaling R$1.16 billion in PSV, expected to generate significant cash inflows and further reduce leverage.