Earnings release
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aeris 2Q26 Earnings Release
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Earnings Release | 2Q26 | 1H26 Page | 2 ➢ Net Revenue in 2Q26 totaled R$ 129.3 million, an increase of 22.4% vs. 1Q26. In 1H26, Net Revenue totaled R$ 234.9 million, a decrease of 48.1% vs. 1H25; ➢ Gross Margin: The recovery reflects the Company’s operational progress, driven by higher production volumes and greater fixed-cost dilution; ➢ Operating Expenses: Cost management discipline kept recurring operating expenses stable compared to 1Q26 and below the level recorded in 2Q25, reflecting the efficiency initiatives implemented by the Company; ➢ Adjusted EBITDA1 in 2Q26 was negative R$ 12.4 million, representing a R$ 15 million improvement vs. 1Q26, with a negative margin of 9.6% vs. 25.9% in 1Q26. In 1H26, Adjusted EBITDA was negative R$ 39.8 million, with a negative margin of 16.9%; ➢ Net Loss in 2Q26 was R$ 152.0 million vs. R$ 138.0 million in 1Q26. In 1H26, Net Loss was R$ 290.0 million vs. R$ 251.2 million in 1H25, reflecting higher financial expenses; ➢ 2.0 GW contracted for wind blade supply in 2026/2027; ➢ 0.5 GW pipeline of new projects at different stages of negotiation. ➢ Reactivation of 4 lines at the end of 2Q26, with production starting in 3Q26. Key Highlights Videoconference August 12, 2026 10:00 (Brasilian Time) 09:00 (ET – Eastern Time) 1. Adjusted EBITDA includes ICMS discount expenses and debt restructuring expenses.
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Earnings Release | 2Q26 | 1H26 Page | 3 Message from the CEO The global wind energy market continues to present a positive long -term outlook, supported by the growing need to expand the renewable energy mix and by global decarbonization commitments. Despite challenges related to supply chains, infrastructure, and the regulatory environment in certain markets, wind energy remains one of the key technologies driving the energy transition.. In Brazil, although the sector continues to face significant challenges, particularly due to the effects of curtailment and the still gradual pace of new project contracting, important developments have been observed that support a more constructive outloo k for the coming years. These include continued investments in the expansion of transmission infrastructure, progress in regulatory discussions aimed at mitigating power transmission constraints, and the implementation of a new round of the mechanism known as the "Forgiveness Day" (Dia do Perdão), approved by ANEEL, which will allow the return of transmission contracts associated with economically unviable projects, thereby freeing up grid capacity for new developments. These developments, together with the gradual increase in commercial activity observed across the sector, are contributing to a more favorable environment for the development of new projects and the sustainable recovery of the wind energy industry. While the Brazilian market continues to make gradual progress in its recovery, the North American market continues to show consistent demand levels for 2026 and 2027, supporting relevant opportunities for the Company. This combination of a gradual recovery in the domestic market and sustained international demand provides greater visibility into Aeris’ commercial pipeline and reinforces our market diversification strategy. In this context, Aeris continues to convert opportunities into new business. The Company maintains a pipeline of approximately 2.0 GW for 2026 and 2027 and has approximately 0.5 GW currently under negotiation, reflecting customers’ confidence in its operat ional capabilities and competitiveness.