Earnings release
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EARNINGS RELEASE DIRR B3 LISTED NM 2Q26 DIRECIONAL Belo Horizonte , August 11 , 2026 - A Direcional Engenharia S / A , one of the largest homebuilders and real estate development companies in Brazil , focused on the development of low - income and mid - income projects , and operating in several regions of the Brazilian territory , discloses here its operating and financial statements for the second quarter of 2026 ( 2Q26 ) . Unless otherwise expressed , the information in this document is expressed in the national currency ( Brazilian Reais - R $ or BRL ) and the Potential Sales Value ( PSV ) demonstrates the consolidated value ( 100 % ) . The Company's consolidated financial statements are prepared in accordance with accounting practices adopted in Brazil , which are based on Brazilian Corporate Law and on the regulations issued by the Brazilian Securities Commission ( CVM ) . 2Q26 EARNINGS RELEASE ✓ ADJUSTED GROSS MARGIN OF 42.8 % IN 2Q26 , UP 110 BPS FROM 2Q25 NET REVENUE OF BRL 1.3 BILLION IN THE QUARTER , UP 20 % FROM 2Q25 ✓ ANNUALIZED ROE OF 35 % IN THE QUARTER ✓ CASH GENERATION² OF BRL 130 MILLION IN THE QUARTER , WITH OPERATING CASH GENERATION³ OF BRL 80 MILLION OTHER HIGHLIGHTS ◉ ◉ ■ Gross Sales of BRL 2.0 billion in 2Q26 , the highest level in the Company's history Net Revenue totaled BRL 2.4 billion in the first half of the year ( 1H26 ) , up 25 % compared to 1H25 Total Net Revenue of BRL 1.6 billion in the quarter and BRL 6.0 billion over the last twelve months ( 2Q26 LTM ) ■ Deferred ( Backlog ) Revenue of BRL 4.1 billion at the end of 2Q26 , with a Backlog Margin of 43.9 % EBITDA reached BRL 311 million in the quarter , 27 % above 2Q25 , with an EBITDA Margin of 24.3 % ( +140 bps in the period ) ■ Net Income of BRL 202 million in 2Q26 and BRL 415 million in 1H26 ■ Leverage Ratio ( Net Debt - to - Equity ) declined by 6 p.p. in the quarter , reaching 18.0 % 1 - Adjustment excluding capitalized interest in cost . 2- Cash Generation / Consumption : change in adjusted net debt , excluding dividend payments , share repurchases , and changes in the balance of interest rate swap contracts . 3 - Operating Cash Generation / ( Consumption ) : accounting cash generation excluding the effects of asset monetizations and the change in the policy adopted by Caixa Econômica Federal for the deposit of funds from transfer agreements . 4- Including revenue from non - consolidated SPVs ( non - controlled and jointly controlled ) . 1