Enjoei (ENJU3) Investor presentation summary

Business and portfolio

• Online portfolio spans the enjoei peer-to-peer secondhand marketplace, enjoei PRO consignment services, and Elo7's marketplace for personalized handmade goods; 1.0m active buyers and 1.4m active sellers on enjoei in Dec. 2025.

• LTM 2025 GMV was R$1.3bn for enjoei and R$342m for Elo7; Elo7 had 1.0m active buyers and 44k professional active sellers in Dec. 2025.

• Offline franchising had 9 stores in operation, including 3 company-owned stores and 6 franchised units, with 3 additional stores in implementation.

• Addressable market is ~R$100bn across secondhand (R$78bn) and Elo7 categories (R$20bn); 2023–2027 CAGR: 7.5% for secondhand and 7.7% for Elo7 categories.

2026 strategic priorities

• Priorities: expand enjoei inventory and seller base, improve product quality and selection, reach Elo7 product-market fit, and improve physical-store profitability through cost discipline and higher unit productivity.

• enjoei's AI-powered upload tool and zero-commission plan target inventory growth, category diversification, higher average ticket, and platform GMV; the plan is limited to a few listings per year.

• Elo7 aims to focus on original, unique and creative personalized products, improve user qualification and recurring seller activity, and make customer acquisition more selective.

• Capital allocation priorities include investment efficiency, cash generation and ROIC, alongside lower advertising and incentive spending as a share of gross billings.

Platform and operating initiatives

• The AI upload tool launched in 1Q26 and automates listing creation; it reduced listing time per item by more than 30%, addressing seller onboarding friction.

• The proprietary payment solution completed its first full quarterly cycle; net financial result improved by R$4.1m, or 198.9%, vs. 4Q24, with lower prepayment costs and greater cash-management autonomy.

• enjoei PRO's Cabreúva distribution center can process more than 1.5m products; the consignment service handles photography, advertising, negotiation and shipping for sellers.

• Sustainability metrics cited resource savings from resale vs. new clothing: 23% less water, 22% less energy and 31% lower CO₂e emissions; more than 25% of users earned R$300/month or more through enjoei stores.