EZTEC Empreendimentos e Participações S.A. (EZTC3) investor relations material

Executive summary

• Achieved record quarterly launch volume in Q1 2026, with launches between BRL 925 million and R$1.2 billion and net sales of R$697 million, up 85% year-over-year.

• Net income grew 27% year-over-year to R$120 million, with net margin at 36.5–37.1% and ROE improving to 13.5%.

• Four new developments launched, with 62% of units sold by quarter-end and strong absorption of new inventory.

• Completed inventory sales increased 78.4% year-over-year, totaling R$102 million.

• Interim dividends of R$28 million (R$0.10/share) approved, payable May 29, 2026.

Financial highlights

• Net revenue for Q1 2026 was R$323 million, up from R$311 million in Q1 2025.

• Gross profit reached R$125 million, with gross margin at 38.7% and adjusted gross margin at 40.8%.

• Net cash position at R$7 million, reversing net debt of R$147 million at end of 2025; cash generation (ex-dividends) of R$154 million in Q1 2026.

• Earnings per share stable at R$0.43.

• Dividend payout of 25% of net income, with potential for higher payouts depending on liquidity and market conditions.

Outlook and guidance

• 2026 launch guidance reaffirmed at R$2.5–3.5 billion, with 26–37% already achieved in Q1.

• Upcoming launches include Azzure Resort Life (R$387.5 million PSV) and Gran Resort Reserva São Caetano (R$460 million PSV), with 14% sold to date.

• Management confident in meeting annual targets, supported by strong operational pipeline and sales absorption.

• Expectation of continued strong sales and cash generation throughout 2026.

• Management remains cautious but optimistic, monitoring macroeconomic and industry risks.