Trisul (TRIS3) investor relations material

Executive summary

• Achieved record launches in 2025, totaling BRL 2.871 billion in PSV across economic, mid-income, and high-end segments, including Gran Oscar Ibirapuera (BRL 1.2 billion PSV), with strong execution in São Paulo and balanced portfolio.

• Net revenues for 2025 reached BRL 1.3786 billion, up 2.4% YoY; net income was BRL 213.1 million, up 21.9% YoY, with a net margin of 15.5%.

• Dividend distribution reached BRL 154 million (88% payout on 2024 profit), with an additional BRL 100 million declared for 2026.

• Capital increase via bonus shares and continued ESG initiatives, including a new Sustainability Report.

Financial highlights

• Gross sales in 2025 reached BRL 1.837 billion (2,689 units); net sales were BRL 1.659 billion; net revenues were BRL 1.3786 billion.

• Gross profit for 2025 was BRL 404.5 million (margin 29.3%, up 1.5 p.p. YoY); adjusted gross profit was BRL 457.1 million (margin 33.2%).

• Adjusted EBITDA for 2025 was BRL 289.2 million (margin 21%); Q4 adjusted EBITDA was BRL 90.3 million.

• Net debt at year-end was BRL 533.9 million, with a net debt/equity ratio of 36.1% (up 11.1 p.p. YoY); cash and equivalents at BRL 526.8 million (+17.1% YoY).

• Q4 net income was BRL 65.3 million (margin 14.8%), down 11% YoY; Q4 gross profit was BRL 120 million (margin 27.3%).

Outlook and guidance

• 2026 launches expected to be around BRL 2 billion, subject to regulatory developments; gross margin expected to remain near Q4 2025 levels.

• High volume of deliveries post-year-end expected to strengthen cash position.

• Anticipates reduction in leverage as deliveries progress in 2026.