Earnings release
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11 11 CURY B3 LISTED NM EARNINGS RELEASE 2026 and 6M26 Cury reports 2Q26 results , reaching record Net Revenue of R $ 1.7 billion , adjusted gross margin of 39.8 % and Net Income of R $ 311.2 million .
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EARNINGS RELEASE 2Q26 and 6M26 São Paulo, August 11, 2026. Cury Construtora e Incorporadora S.A. ("Company" or "Cury") (B3: CURY3), one of the leading residential real-estate developers in Brazil operating in the metropolitan regions of São Paulo and Rio de Janeiro, the Company discloses its operational and financial results for the second quarter of 2026 (2Q26) and the first six months of 2026 (6M26), compared to the same quarter and period of the previous year (2Q25 and 6M25). Unless otherwise indicated, the financial and operational information is presented in Brazilian Reais (R$), in accordance with International Financial Reporting Standards (IFRS) and the Brazilian accounting principles applicable to real estate development entities in Brazil. 2
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2Q26 HIGHLIGHTS 3 Productions 5,737 vs. 2Q2541.8% Units Produced Cash Generation R$144.9 MI 29th consecutive quarter of positive cash generation Landbank R$26.1 BI vs. 2Q2523.6% vs. 2Q2540.2% Net Revenue R$1.7 BI vs. 2Q2525.5% Adjusted Gross Margin 39.8% vs. 2Q25Flat Net Income %Cury R$270.5 MI vs. 2Q2514.3% ROE 73.6% vs. 2Q253.5 p.p.
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The first half of 2026 was marked by robust operating results, reflecting the consistency of the Company’s strategy and disciplined execution. We maintained high levels of launches and sales, together with strong cash generation, reinforcing the strengths of our business model. Throughout the second quarter, the macroeconomic environment remained challenging, amid continued uncertainty and geopolitical tensions. Against this backdrop, we continued to operate with discipline, prioritising the protection of our margins. On the financial front, we reported record net revenue, driven by consistent improvements in construction productivity and our continued focus on efficiency across the entire operation. This approach was also reflected in the faster pace of mortgage transfers and registrations, resulting in higher selling expenses during the period but playing a key role in our strong cash generation. As a result, the conversion of net income attributable to Cury into operating cash flow reached 72% over the last twelve months. We remain committed to the pillars that have shaped our track record: the careful selection of land for development, the strategic use of the associative credit model and excellence in execution, always focused on cash generation and profitability. We also achieved an excellent sales performance in July, particularly from the launches of Saudosa Praça Onze, in downtown Rio de Janeiro, with a PSV of R$171 million and more than 80% of units sold, and Cidade Parque Guarapiranga, in southern São Paulo, with a PSV of R$375.8 million and over 40% of units sold. These results reinforce the strength of demand for our products and the effectiveness of our commercial strategy. As part of the continued development of our ESG agenda, on 7 August we published the fourth edition of our Sustainability Report and launched the Company’s new Sustainability website, increasing transparency around our initiatives and reinforcing our commitment to creating sustainable long-term value. Delivering returns to shareholders remains a priority within our capital allocation strategy, as reflected in the dividend distribution announced today, which demonstrates our ability to translate operating performance and cash generation into value creation. / / M E S S A G E F R O M T H E M A N A G E M E N T 4 // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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/ / O P E R A T I O N A L A N D F I N A N C I A L P E R F O R M A N C E 5 Click Here to access historical data. / / E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 Operating (R$ million) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Launches 11 10 10.0% 9 22.2% 21 23 -8.7% PSV (R$ million) ¹ 2,256.9 2,646.8 -14.7% 2,225.3 1.4% 4,903.6 5,008.8 -2.1% Units launched 6,549 8,001 -18.1% 6,588 -0.6% 14,550 15,720 -7.4% Net pre-sales (R$ million) 2,045.5 2,304.6 -11.2% 2,261.4 -9.5% 4,350.1 4,366.9 -0.4% Net SOS ² 40.5% 45.1% -4.6 p.p. 47.5% -7.0 p.p. 59.1% 63.6% -4.5 p.p. Net SOS LTM (%) 72.0% 73.9% -1.9 p.p. 74.3% -2.3 p.p. 72.0% 74.3% -2.3 p.p. LandBank (PSV, R$ million) 26,092.8 24,924.6 4.7% 21,114.4 23.6% 26,092.8 21,114.4 23.6% Cash Generation (R$ million) 144.9 93.4 55.1% 103.3 40.2% 238.2 129.1 84.5% Financial (R$ million) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Net Revenues 1,690.6 1,612.6 4.8% 1,346.6 25.5% 3,303.2 2,562.8 28.9% Gross profit 668.4 629.7 6.1% 532.8 25.5% 1,298.0 1,007.7 28.8% Gross margin 39.5% 39.0% 0.5 p.p. 39.6% -0.1 p.p. 39.3% 39.3% 0.0 p.p. Adjusted gross margin ³ 39.8% 39.3% 0.5 p.p. 39.8% 0.0 p.p. 39.6% 39.5% 0.1 p.p. Net income (100%) ⁴ 311.2 351.2 -11.4% 267.2 16.5% 662.4 500.8 32.3% Net margin (100%) 18.4% 21.8% -3.4 p.p. 19.8% -1.4 p.p. 20.1% 19.5% 0.6 p.p. Net income %Cury ⁵ 270.5 302.9 -10.7% 236.7 14.3% 573.3 450.2 27.3% Net margin %Cury 16.0% 18.8% -2.8 p.p. 17.6% -1.6 p.p. 17.4% 17.6% -0.2 p.p. ROE ⁶ 73.6% 79.5% -5.9 p.p. 70.1% 3.5 p.p. 73.6% 70.1% 3.5 p.p. 1) Gross Sales Value (PSV) of the launches carried out during the period. 2) Sales Over Supply, an indicator of the percentage sold in relation to the total inventory available during the period 3) Gross Margin Adjusted for Capitalized Interest. 4) IFRS Net Income from 100% of operations, including portions attributable to controlling interests and non -controlling partners in joint ventures. Capitalized Interest. 5) Net Income attributable only to controlling interests (Cury's ownership percentage). 6) ROE (Return on Equity), calculated using Cury’s average attributable equity (Controlling Interests) and Net Income attribu table to Cury (Controlling Interests) over the last 12 months.
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Novo Mundo Carrão II OPERATIONAL PERFORMANCE
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In 2Q26, 11 projects were launched, with 8 located in SP and 3 in RJ, totaling a PSV of R$2,256.9 which represents an increase of 1.4% compared to the same period of the previous year. MILLION, / / L A U N C H E S 7 Launches 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Number of launches 11 10 10.0% 9 22.2% 21 23 -8.7% PSV (R$ million) 2,256.9 2,646.8 -14.7% 2,225.3 1.4% 4,903.6 5,008.8 -2.1% Units launched 6,549 8,001 -18.1% 6,588 -0.6% 14,550 15,720 -7.4% Average price per unit (R$ '000) 344.6 330.8 4.2% 337.8 2.0% 337.0 318.6 5.8% Average unit per launch 596 800 -25.5% 732 -18.6% 693 684 1.3% Share Cury (PSV) 1,943.9 2,268.9 -14.3% 1,960.5 -0.8% 4,212.8 4,626.8 -8.9% Share Cury (%) 86.1% 85.7% 0.4 p.p. 88.1% -2.0 p.p. 85.9% 92.4% -6.5 p.p. // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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The total PSV of launches reached R$2,256.9 million in 2Q26, which represents an increase of 1.4% compared to 2Q25 and decreased 14.7% compared to 1Q26. The average price per unit launched was R$344.6 thousand, which represents an increase of 2.0% compared to 2Q25 and 4.2% compared to 1Q26. 8 / / L A U N C H E S 2,225.3 2,646.8 2,256.9 2Q25 1Q26 2Q26 PSV Launches - Quarterly (R$ million) +1.4% -14.7% 337.8 330.8 344.6 2Q25 1Q26 2Q26 Average price by unit - Quarterly (R$ thousand) +2.0% +4.2% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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/ / L A U N C H E S The total PSV of launches in the first half of 2026 reached R$4,903.6 million, decrease of 2.1% compared to the same period of the previous year. The average price per unit launched was R$337 thousand, increase of 5.8% compared to the same period of the previous year. 9 5,008.8 4,903.6 6M25 6M26 PSV Launches - YTD (R$ million) -2.1% 318.6 337.0 6M25 6M26 Average price by unit – YTD (R$ thousand) +5.8% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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/ / H I G H L I G H T S São Paulo Apr/26 Rio de Janeiro Apr/26 São Paulo Apr/26 PSV – R$343 MM 68% Sold PSV – R$139 MM 68% Sold PSV – R$424 MM 88% Sold % sold until 08/10/2026 Lyne Água Branca Luzes do Rio - Lamparina Novo Mundo Carrão II 10 // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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which corresponds to a reduction of 9.5% compared to 2Q25. In the 2Q26, net sales totaled R$2,045.5 MILLION, The average selling price recorded in 2Q26 was R$ 331.0 thousand, representing an increase of 6.9% compared to 2Q25. / / N E T P R E - S A L E S 11 Pre-sales, %SOS 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Gross pre-sales (R$ million PSV) 2,216.7 2,533.9 -12.5% 2,498.0 -11.3% 4,750.5 4,723.4 0.6% # units sold 6,697 7,786 -14.0% 8,067 -17.0% 14,483 15,240 -5.0% Average price per unit (R$ '000) 331.0 325.4 1.7% 309.7 6.9% 328.0 309.9 5.8% Gross SOS (%) 42.4% 47.5% -5.1 p.p. 50.0% -7.6 p.p. 61.2% 65.4% -4.2 p.p. Cancellations (R$ million) 171.2 229.3 -25.3% 236.6 -27.6% 400.4 356.5 12.3% Net pre-sales (R$ million PSV) 2,045.5 2,304.6 -11.2% 2,261.4 -9.5% 4,350.1 4,366.9 -0.4% % Launches 61.5% 57.7% 3.8 p.p. 55.0% 6.5 p.p. 59.5% 63.6% -4.1 p.p. % Inventories 38.5% 42.3% -3.8 p.p. 45.0% -6.5 p.p. 40.5% 36.4% 4.1 p.p. Cancellations / Gross pre-sales 7.7% 9.0% -1.3 p.p. 9.5% -1.8 p.p. 8.4% 7.5% 0.9 p.p. Net SOS (%) 40.5% 45.1% -4.6 p.p. 47.5% -7.0 p.p. 59.1% 63.6% -4.5 p.p. Net SOS LTM (%) 72.0% 73.9% -1.9 p.p. 74.3% -2.3 p.p. 72.0% 74.3% -2.3 p.p. Share Cury Net Pre-Sales (R$ million PSV) 1,748.8 1,893.6 -7.6% 2,007.2 -12.9% 3,642.4 3,926.5 -7.2% Share Cury Net Pre-Sales (%) 85.5% 82.2% 3.3 p.p. 88.8% -3.3 p.p. 83.7% 89.9% -6.2 p.p. // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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In 2Q26, the net SoS was 40.5%, reduction of 4.6 p.p. compared to 45.1% in 1Q26, and a reduction of 7.0 p.p. compared to 47.5% in 2Q25. In the first half of 2026, the net SoS was 59.1%, reduction of 4.5 p.p. compared to 63.6% in the same period of the previous year. 12 / / N E T P R E - S A L E S 2,261.4 2,304.6 2,045.5 47.5% 45.1% 40.5% 2Q25 1Q26 2Q26 Net Pre-Sales - Quarterly (R$ million) Net SOS (%) -9.5% -11.2% 4,366.9 4,350.1 63.6% 59.1% 6M25 6M26 Net Pre-Sales - YTD (R$ million) Net SOS (%) -0.4% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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13 / / N E T P R E - S A L E S In 2Q26, 95.8% of sales had a unit selling price of up to R$600,000. 309.7 325.4 331.0 2Q25 1Q26 2Q26 Average price by unit - Quarterly (R$ thousand) +6.9% +1.7% 309.9 328.0 6M25 6M26 Average price by unit - YTD (R$ thousand) +5.8% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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The PSV transferred in 2Q26 totaled R$2,015.0 million, representing an increase of 50.4% compared to 1Q26 and a decrease of 6.2% compared to 2Q25. The number of units transferred was 6,296 a growth of 44.3% compared to 1Q26 and a reduction of 12.0% compared to 2Q25. / / T R A N S F E R Considering the performance in the six-month period of 2026, the PSV transferred totaled A GROWTH OF 2.5% compared to the period of 6M25, while the number of units transferred decreased from 10,938 in 6M25 to 10,660 in 6M26. 14 Transfers 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y PSV transferred (R$ million) 2,015.0 1,339.8 50.4% 2,149.3 -6.2% 3,354.8 3,272.2 2.5% Units transferred 6,296 4,364 44.3% 7,155 -12.0% 10,660 10,938 -2.5% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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In 2Q26, there were produced / / P R O D U C T I O N which represents an increase of 41.8% compared to the same period of the previous year. 5,737 units, The Company produced 10,371 units in 6M26, growth of 2,962 units compared to 6M25, which represents an increase of 40.0%. 15 *Represented Production 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Units Constructed 5,737 4,634* 23.8% 4,046 41.8% 10,371 7,409 40.0% Units Completed 1,192 1,884 -36.7% 1,613 -26.1% 3,076 3,833 -19.7% Construction Sites 87 87 0.0% 81 7.4% 87 77* 13.0% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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Cury ended 2Q26 with an inventory of / / I N V E N T O R Y Of this total, 97.9% refer to units launched or under construction, and only 2.1% to completed units. R$3,008.3 million. 16 Inventories (R$ million, except % and units) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y Under Construction 2,945.2 2,739.0 7.5% 2,464.3 19.5% % Total 97.9% 97.6% 0.3 p.p. 98.7% -0.8 p.p. Completed 63.1 66.2 -4.7% 33.4 88.9% % Total 2.1% 2.4% -0.3 p.p. 1.3% 0.8 p.p. Total 3,008.3 2,805.2 7.2% 2,497.7 20.4% Total (Units) 7,785 7,373 5.6% 6,852 13.6% 33% 26% 14% 27% Aging of Inventories 2Q26 (Based in the launches dates) Up to 3 months Up to 6 months Up to 1 year More than 1 year // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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Considering the recent launches as well as the acquisitions made, the Company ended 2Q26 with a landbank of / / L A N D B A N K an increase of 23.6% compared to the landbank at the end of 2Q25 and growth of 4.7% compared to 1Q26, which represents a total of 84,055 units. R$26,092.8 MILLION IN POTENTIAL PSV, Currently, Cury's landbank consists of R$19,229.8 million located in São Paulo and R$6,863.0 million in Rio de Janeiro. 17 Landbank 2Q26 1Q26 % Q/Q 2Q25 % Y/Y LandBank (PSV, R$ million) 26,092.8 24,924.6 4.7% 21,114.4 23.6% # of projects 91 88 3.4% 75 21.3% Potential # units on landbank 84,055 82,119 2.4% 72,928 15.3% Average price per unit (R$ '000) 310.4 303.5 2.3% 289.5 7.2% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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In 2Q26, the company presented Positive operational cash generation in the amount of / / C A S H F L O W R$144.9 MILLION 18 This is the 29th consecutive quarter of positive cash generation. 103.3 93.4 144.9 2Q25 1Q26 2Q26 Cash Flow - Quarterly (R$ million) +40.2% +55.1% 129.1 238.2 6M25 6M26 Cash Flow - YTD (R$ million) +84.5% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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/ / D I V I D E N D S / / E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 In August 2026, the Company announced an additional distribution of R$190,0 million in dividends, reaffirming its commitment to generating value for shareholders. 19 694 1,323 2Q25 LTM* 2Q26 LTM* Dividend Distributions - LTM (R$ million) +90.6% *LTM: Last twelve months
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Parque das Nações FINANCIAL PERFORMANCE
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/ / R E V E N U E 21 Net Revenue totaled in the quarter R$1,690.6 MI In the first half of 2026 R$3,303.2 MI / / E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 1,346.6 1,612.6 1,690.6 2Q25 1Q26 2Q26 Net revenue (R$ million) - Quarterly +25.5% +4.8% 2,562.8 3,303.2 6M25 6M26 Net revenue (R$ million)- YTD +28.9%
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/ / G R O S S P R O F I T 22 Gross profit totaled in the quarter R$668.4 MI In the first half of 2026 R$1,298.0 MI / / E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 532.8 629.7 668.4 39.6% 39.0% 39.5% 2Q25 1Q26 2Q26 Gross profit and Gross margin (R$ million and %) - Quarterly Gross margin +25.5% +6.1% 1,007.7 1,298.0 39.3% 39.3% 6M25 6M26 Gross profit and Gross margin (R$ million and %)- YTD Gross margin +28.8%
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Adjusted Gross Profit in 2Q26 / / A D J U S T E D G R O S S P R O F I T 23 Gross Margin in 2Q26 Adjusted Gross Margin in 2Q26 / / E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 39.5% -0.1 p.p. vs. 2Q25 R$673.7 MI +25.6% vs. 2Q25 39.8% Flat vs. 2Q25 Gross profit & Gross margin (R$ million, except %) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Gross profit (a) 668.4 629.7 6.1% 532.8 25.5% 1,298.0 1,007.7 28.8% Gross margin 39.5% 39.0% 0.5 p.p. 39.6% -0.1 p.p. 39.3% 39.3% 0.0 p.p. Capitalized interest (b) 5.3 4.2 26.2% 3.5 51.4% 9.5 5.2 82.7% Adjusted gross profit (a+b) 673.7 633.9 6.3% 536.3 25.6% 1,307.5 1,012.9 29.1% Adjusted gross margin 39.8% 39.3% 0.5 p.p. 39.8% 0.0 p.p. 39.6% 39.5% 0.1 p.p.
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/ / E X P E N S E S A N D F I N A N C I A L R E S U L T S 24 In 2Q26, the net financial result was a financial expense of R$22.1 million, compared to a financial expense of R$15.6 million in 2Q25 and a financial expense of R$10.7 million in 1Q26. Operating expenses (R$ million, except %) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Selling expenses -166.8 -119.1 40.1% -124.7 33.8% -285.9 -231.0 23.8% % Net revenue 9.9% 7.4% 2.5 p.p. 9.3% 0.6 p.p. 8.7% 9.0% -0.3 p.p. Administrative and general expenses -78.4 -64.9 20.8% -64.4 21.7% -143.3 -114.8 24.8% % Net revenue 4.6% 4.0% 0.6 p.p. 4.8% -0.2 p.p. 4.3% 4.5% -0.2 p.p. Equity in net income of subsidiaries 1.0 2.3 -56.5% 1.1 -9.1% 3.3 1.8 83.3% % Net revenue -0.1% -0.1% 0.0 p.p. -0.1% 0.0 p.p. -0.1% -0.1% 0.0 p.p. Other operating income/expenses -45.8 -44.8 2.2% -30.5 50.2% -90.6 -70.2 29.1% % Net revenue 2.7% 2.8% -0.1 p.p. 2.3% 0.4 p.p. 2.7% 2.7% 0.0 p.p. Operating expenses -290.0 -226.5 28.0% -218.5 32.7% -516.5 -414.2 24.7% % Net revenue 17.2% 14.0% 3.2 p.p. 16.2% 1.0 p.p. 15.6% 16.2% -0.6 p.p. Financial income (expenses) (R$ million, except %) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Financial expenses -70.3 -59.8 17.6% -50.8 38.4% -130.1 -102.2 27.3% Financial income 48.2 49.1 -1.8% 35.2 36.9% 97.3 72.0 35.1% Total Financial income (expenses) -22.1 -10.7 106.5% -15.6 41.7% -32.8 -30.2 8.6% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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The Ebitda Margin was / / E B I T D A A N D M A R G I N 25 The Company's EBITDA in 2Q26 reached R$387.0 MI 6.0% below in 1Q26 and 19.8% above compared to 2Q25. 22.9%, representing reduction of 1.1 p.p. compared to 2Q25. EBITDA (R$ million, except %) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Earnings before financial result 378.4 403.1 -6.1% 314.2 20.4% 781.6 593.5 31.7% (+) Depreciation and amortization 8.6 8.3 3.6% 8.8 -2.3% 16.9 17.3 -2.2% EBITDA 387.0 411.4 -6.0% 323.0 19.8% 798.5 610.8 30.7% EBITDA margin 22.9% 25.5% -2.6 p.p. 24.0% -1.1 p.p. 24.2% 23.8% 0.4 p.p. (+) Charges and financial cost 5.3 4.2 25.2% 3.5 51.4% 9.5 5.2 82.7% Adjusted EBITDA 392.3 415.6 -5.6% 326.5 20.2% 808.0 616.0 31.2% Adjusted EBITDA margin 23.2% 25.8% -2.6 p.p. 24.2% -1.0 p.p. 24.5% 24.0% 0.5 p.p. // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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/ / N E T I N C O M E & 1 0 0 % M A R G I N 26 Cury reported 100% Activity Net Income of R$311.2 MI The 100% operational net margin reached 18.4% In the 6M26, Cury’s 100% Activity Net Income was R$662.4 MI 20.1%The 100% operational net margin reached 267.2 351.2 311.2 19.8% 21.8% 18.4% 2Q25 1Q26 2Q26 Net income and Net Margin %100 (R$ million and %) - quarterly Net margin +16.5% -11.4% 500.8 662.4 19.5% 20.1% -540% 50% 6M25 6M26 Net income and Net Margin %100 (R$ million and %) - YTD Net margin +32.3% // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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/ / N E T I N C O M E A N D % C U R Y M A R G I N / / R O E 27 Cury’s Attributable Net Income was R$270.5 MI Considering Cury’s Attributable net income %Cury, the net margin stood at 16.0% In 6M26 it was R$573.3 MI 17.4%with net margin %Cury of 236.7 302.9 270.5 17.6% 18.8% 16.0% 2Q25 1Q26 2Q26 Net income and Net Margin %Cury (R$ million and %) Net margin +14.3% -10.7% 450.2 573.3 17.6% 17.4% 6M25 6M26 Net income and Net Margin %Cury (R$ million and %) - YTD Net margin +27.3% 70.1% 79.5% 73.6% 2Q25 1Q26 2Q26 ROE +3.5 p.p. -5.9 p.p. // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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Lyne Água Branca ANALYSIS BALANCE SHEET
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/ / C A S H A N D D E B T R$1,633.7 MI R$1,343.1 MI R$290.6 MI The Company's gross debt as of 06/30/2026 has 86.7% of maturities in the long term, extending until 2035 and positive net cash of R$290.6 million. 29 in Cash and Cash Equivalents, reduction of 8.8% vs. 12/31/2025 in Gross Debt, reduction of 8.9% vs. 12/31/2025 in Net Cash, compared to R$316.0 million no 12/31/2025 // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 Debt Profile (R$ million) 06/30/2026 12/31/2025 Var % Short-term 178.9 299.9 -40.3% Long-term 1,164.2 1,175.0 -0.9% Gross debt 1,343.1 1,474.9 -8.9% Cash and cash equivalents 1,633.7 1,790.9 -8.8% Debt/(net cash) -290.6 -316.0 -8.0% 38 434 730 Up to 12 months 12 to 24 months Over 24 months Amortization schedule 06/30/2026 of Corporate Debt (R$ million)
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/ / U N E A R N E D R E V E N U E ( R E F ) 30 The result of unearned real estate sales, not recognized in the quarterly financial statements, came to R$3,842.9 MI increase 13.6% compared to 12/31/2025 The Gross Margin of the Result to be appropriated was 43.5% representing increase 0.2 p.p. compared to 12/31/2025 // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 Result to be appropriated (R$ million) 06/30/2026 12/31/2025 Var % Revenues to be appropriated 8,831.3 7.802,3 13.2% (-) Projected cost of pre-sold units -4,988.4 -4,420.5 12.8% (=) result from pre-sales of real estate units to be appropriated 3,842.9 3,381.8 13.6% Gross Margin of the Result to be Appropriated 43.5% 43.3% 0.2 p.p.
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/ / R E C E I V A B L E S P O R T F O L I O & A C C O U N T S R E C E I V A B L E 31 The receivables portfolio grew 5.7% during the quarter. The table below shows the management control of our portfolio. It relates to non-bank receivables, that is, only those under the Company’s management, as the following breakdown: (i) For Full Payment (Pro-Soluto), the portion of the housing units that cannot be funded by financial institutions and; (ii) Direct Sales, which are those made without the intermediation of a financial agent, in which the payment is made directly to Cury. Completed Direct Sales units involve a Fiduciary Title, which provides the Company with an additional guarantee of receipt. // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 Cury's Portfolio (R$ million) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y Total Portfolio 3,813.5 3,606.5 5.7% 2,951.5 29.2% Units completed 407.4 408.0 -0.1% 241.2 68.9% %Total 10.7% 11.3% -0.6 p.p. 8.2% 2.5 p.p. Units in constructions 3,406.1 3,198.5 6.5% 2,710.3 25.7% %Total 89.3% 88.7% 0.6 p.p. 91.8% -2.5 p.p. Full Payment (Pro Soluto) 1,627.6 1,490.4 9.2% 1,219.3 33.5% %Total 42.7% 41.3% 1.4 p.p. 41.3% 1.4 p.p. Units completed 278.2 256.8 8.3% 171.0 62.7% %Total 7.3% 7.1% 0.2 p.p. 5.8% 1.5 p.p. Units in constructions 1,349.3 1,233.6 9.4% 1,048.3 28.7% %Total 35.4% 34.2% 1.2 p.p. 35.5% -0.1 p.p. Direct sales 2,185.9 2,116.1 3.3% 1,732.2 26.2% %Total 57.3% 58.7% -1.4 p.p. 58.7% -1.4 p.p. Units completed 129.2 151.2 -14.6% 70.2 84.0% %Total 3.4% 4.2% -0.8 p.p. 2.4% 1.0 p.p. Units in constructions 2,056.8 1,964.9 4.7% 1,662.0 23.8% %Total 53.9% 54.5% -0.6 p.p. 56.3% -2.4 p.p. Accounts receivable (R$ million) 06/30/2026 12/31/2025 Var % Accounts receivable 2,722.3 2,157.9 26.2% 57.3% 42.7% Carteira de Recebíveis Direct sales Full payment (Pro Soluto)
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/ / A T T A C H M E N T I – B A L A N C E S H E E T 32 // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 Asset Consolidated Liabilities and equity Consolidated 06/30/2026 12/31/2025 06/30/2026 12/31/2025 Current assets Current liabilities Cash and cash equivalents 1,375,239 1,355,394 # Suppliers 351,510 278,476 Fair Value Securities 258,467 435,543 # Loans and financing 178,913 299,859 Accounts receivable 580,014 286,215 # Labor obligations 72,162 43,999 Properties for sale 1,185,612 919,547 # Taxes payable 45,828 42,103 Advances to suppliers 9,152 11,708 # Committed property creditors 840,714 717,439 Other receivables 230,579 203,465 # Advances from customers 347,634 333,123 # Deferred taxes and contributions 14,873 10,146 # Dividends payable 30,000 - # Provision for labor, civil and tax risks 12,631 12,388 # Other accounts payable 3,611 6,167 Total current assets 3,639,063 3,211,872 Total current liabilities 1,897,876 1,743,700 Non-current assets Non-current liabilities Long-term receivables # Loans and financing 1,164,242 1,175,028 Accounts receivable 2,142,326 1,871,728 # Provision for guarantee of construction works 105,495 91,000 Real estate properties for sale 344,507 429,102 # Committed property creditors 916,852 864,061 Amounts receivable between related parties 18,291 11,893 # Provision for labor, civil and tax risks 41,411 28,640 Other receivables 52,709 47,276 # Provision for investment losses 886 896 # Deferred taxes and contributions 80,949 71,175 # Other accounts payable 21,957 17,841 Total long-term receivables 2,557,833 2,359,999 Total non-current liabilities 2,331,792 2,248,641 Equity Investments 30,471 41,321 # Stock Capital 642,267 642,267 Property and equipment 51,142 41,203 # # Capital reserve 462,875 462,875 # Legal reserve 93,860 93,860 # Profit reserve 456,022 182,704 - Total non-current assets 2,639,446 2,442,523 Subtotal equity 1,655,024 1,381,706 # Non-controlling interest 393,817 280,348 Total equity 2,048,841 1,662,054 Total Assets 6,278,509 5,654,395 Total liabilities and equity 6,278,509 5,654,395
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33 / / A T T A C H M E N T I I – S T A T E M E N T O F I N C O M E This report contains calculations that may not demonstrate an accurate sum due to rounding adjustments . // E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 Income Statement (R$ Million) 2Q26 1Q26 % Q/Q 2Q25 % Y/Y 6M26 6M25 % Y/Y Net revenues 1,690.6 1,612.6 4.8% 1,346.6 25.5% 3,303.2 2,562.8 28.9% Total cost -1,022.2 -982.9 4.0% -813.8 25.6% -2,005.1 -1,555.1 28.9% Gross profit 668.4 629.7 6.1% 532.8 25.5% 1,298.0 1,007.7 28.8% Gross margin 39.5% 39.0% 0.5 p.p. 39.6% -0.1 p.p. 39.3% 39.3% 0.0 p.p. Adjusted gross margin 39.8% 39.3% 0.5 p.p. 39.8% 0.0 p.p. 39.6% 39.5% 0.1 p.p. Operating income (expenses) Selling expenses -166.8 -119.1 40.1% -124.7 33.8% -285.9 -231.0 23.8% Administrative and general expenses -78.4 -64.9 20.8% -64.4 21.7% -143.3 -114.8 24.8% Equity in net income of subsidiaries 1.0 2.3 -56.5% 1.1 -9.1% 3.3 1.8 83.3% Other operating income (expenses) -45.8 -44.8 2.2% -30.5 50.2% -90.6 -70.2 29.1% Total operating income (expenses) -290.0 -226.5 28.0% -218.5 32.7% -516.5 -414.2 24.7% Income before Financial income (expenses) 378.4 403.1 -6.1% 314.2 20.4% 781.6 593.5 31.7% Financial income (expenses) Financial expenses -70.3 -59.8 17.6% -50.8 38.4% -130.1 -102.2 27.3% Financial income 48.2 49.1 -1.8% 35.2 36.9% 97.3 72.0 35.1% Total Financial income (expenses) -22.1 -10.7 106.5% -15.6 41.7% -32.8 -30.2 8.6% Earnings before taxes 356.3 392.4 -9.2% 298.6 19.3% 748.7 563.3 32.9% Income tax and social contribution Current -42.1 -37.2 13.2% -28.5 47.7% -79.4 -50.9 56.0% Deferred -3.0 -4.0 -25.0% -2.9 3.4% -7.0 -11.6 -39.7% Total income tax and social contribution -45.1 -41.3 9.2% -31.4 43.6% -86.4 -62.4 38.5% Net income 311.2 351.2 -11.4% 267.2 16.5% 662.4 500.8 32.3% Net margin 18.4% 21.8% -3.4 p.p. 19.8% -1.4 p.p. 20.1% 19.5% 0.6 p.p. Net Iincome % Cury 270.5 302.9 -10.7% 236.7 14.3% 573.3 450.2 27.3% Net margin % Cury 16.0% 18.8% -2.8 p.p. 17.6% -1.6 p.p. 17.4% 17.6% -0.2 p.p. Earnings per share basic and diluted 0.8780 0.9832 -10.7% 0.8111 8.2% 1.8611 1.5425 20.7%
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Ronaldo Cury de Capua IR Officer Nádia Santos IR Manager Rhayza Malone IR Coordinator Gustavo Capelli IR Analyst Thiago Leal IR Analyst Camila Almeida IR Intern RI@CURY.NET Click here to access historical data. IBOV ICON IMOB IBrA IGPTW SMLL IGCT IGC IGC-NM EWZS IBrX 100 IDIV INDX ITAG MVBRF IBBR IVBX
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2Q26 Earnings Conference Call August 12, 2026 – 10:00 A.M (Brasília Time) | 09:00 A.M (US EDT) Portuguese – with simultaneous English For 63 years, we have evolved, invested in quality and innovation, and grown to become one of Brazil’s leading construction companies. Cury, where tradition and stability meet the dynamism of a Company in constant evolution. Today, this evolution is reflected in our new brand identity – because true progress means continuous improvement.
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LandBank: Land held in inventory with the estimate of future Potential Sales Value (PSV). It is the Company's landbank and includes all acquired but not yet launched land. Cash and Equivalents: Comprised of the balance of cash and cash equivalents and financial investments (Fair Value Securities). Associative Credit: Exclusively granted by public banks, it is a form of financing for the construction sector since the construction phase. During the construction period of the property, the customer pays only the interest on the disbursement to the developer and the full payment (pro-soluto), and only after the completion of the construction the amortization of the financing is initiated. Net Cash/Net Debt: (Gross Debt + Passive Derivative Financing Instruments) - (Total Cash + Active Derivative Financing Instruments). When the result of this operation is positive, it is called Net Debt, and if it is negative, it is called Net Cash. EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization. It is a widely used indicator to evaluate publicly traded companies, as it represents the Company's operational cash generation, that is, how much the Company generates in resources only in its operational activities, without considering the financial, tax, and depreciation effects. Launch: Occurs when the project is available for sale. Earnings per share: Net profit for the period divided by the number of shares (on the last day of the quarter) issued. Earnings per share: Net profit for the period divided by the number of shares (on the last day of the quarter) issued. Adjusted Gross Margin: Adjusted gross margin excludes capitalized interest used as financing for each period's project. As Cury has a very high sales speeds, not all our projects require financing from Caixa Econômica Federal. Minha Casa Minha Vida:Minha Casa Minha Vida: The “Minha Casa Minha Vida” program, known as MCMV, is the national housing program of the Federal Government, which aims to reduce the Housing Deficit. To be eligible for special conditions and subsidies, the program sets a ceiling on the unit value (currently at R$600,000) and on the monthly family income, which ranges from R$2,640 to R$13,000. Percentage of Completion ("PoC"): Incurred cost divided by the total cost of the project. Revenue is recognized up to the limit of the "incurred cost / total cost" ratio. Percentage of Completion ("PoC"): Incurred cost divided by the total cost of the project. Revenue is recognized up to the limit of the "incurred cost / total cost" ratio. Swap: An alternative for purchasing land that consists of paying the landowner with units (in the case of physical swap) or with the cash flow from unit sales (in the case of financial swap). Transfer: The real estate transfer is the portion of the property value that will be financed by the bank for the client. In the case of Cury, the transfer is always done through Caixa Econômica Federal using Associative Credit, which provides financing from the beginning of construction. Unearned Revenue (REF): This refers to the portion of revenue, cost, and margin of units sold that was not recognized in the income statement because it awaits the progress of the construction. Due to the "PoC" accounting method, the result of the units sold is recognized as the financial progress of the construction evolves. Therefore, it is the result that will be recognized as the incurred cost evolves. ROE: Return On Equity. ROE is defined as the quotient of the net income attributable to controlling shareholders and the average value of the equity attributable to controlling shareholders. SBPE: Brazilian Savings and Loan System - a bank financing that sources funds from savings. In the case of Cury, units financed under this modality are 100% operated by Caixa Econômica Federal, which uses Associative Credit and therefore offers financing from the construction phase. PSV: Potential Sales Value, which is the amount in BRL that can be obtained by selling each real estate unit. PSV Launched: Potential Sales Value of units launched in a certain period. PSV Transferred: Potential Sales Value transferred to Caixa. SoS: Sale over Supplies (SoS) is an indicator used in the real estate market that shows the total number of properties sold in relation to the total available for sale. / / G L O S S A R Y 36 / / E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6
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/ / I N D E P E N D E N T A U D I T O R S 37 / / E A R N I N G S R E L E A S E 2 Q 2 6 a n d 6 M 2 6 RELATIONSHIP WITH INDEPENDENT AUDITORS In compliance with CVM Resolution No. 162/22, we inform that the independent auditors Ernst & Young Auditores Independentes (“EY”) provided, during the period ended June 30, 2026, services related to the independent audit of our quarterly financial information. The engagement of independent auditors is based on the principles that safeguard auditor independence, which consist of: (a) the auditor must not audit their own work; (b) must not perform management functions; and (c) must not provide any services that may be considered prohibited under current regulations. The information in the performance report that is not clearly identified as a copy of the information included in the individual and consolidated interim financial information was not subject to audit or review by the auditors.