Earnings release
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Grendene CARTAGO Grendene kids GRENDHA Ipanema melissa rider Zaxy PEGA F RTE SANDALS ง EGA E ROMANA FORT PRESS RELEASE 2Q26 & 1H26 ULTRA - Cority
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Page 1 of 23 PRESS RELEASE 2Q26 & 1H26 Summary 2Q26 Highlights vs. 2Q25. ............................................................................................................................................ 2 Main Economic and Financial Indicators ...................................................................................................................... 3 Management Discussion and Analysis (MD&A) ........................................................................................................... 4 Highlights ...................................................................................................................................................................... 7 Campaigns ................................................................................................................................................................ 7 Sales Convention – Division 1, Melissa, and Exports ............................................................................................... 8 Corporate Responsibility and Governance ............................................................................................................... 8 Analysis of Operations for 2Q26 & 1H26 (IFRS Consolidated Data) ........................................................................... 9 Gross Sales Revenue ............................................................................................................................................... 9 Gross Sales Revenue - Domestic Market (DM) .................................................................................................. 10 Digital Commerce ................................................................................................................................................ 10 Gross Sales Revenue, Exports (IM) .................................................................................................................... 11 Net Operating Revenue (NOR) ............................................................................................................................... 12 Cost of Goods Sold (COGS) ................................................................................................................................... 12 Gross Profit ............................................................................................................................................................. 13 Selling Expenses (DV) ............................................................................................................................................ 14 Advertising and Publicity Expenses (A&P Exp.) ................................................................................................. 14 General and Administrative Expenses (G&A Exp.)................................................................................................. 14 EBIT and EBITDA ................................................................................................................................................... 15 EBIT – Non-recurring Adjustments / Management Reclassifications ................................................................. 15 Net Financial Revenue ............................................................................................................................................ 16 Net Profit ................................................................................................................................................................. 16 Capex (fixed and intangible) ....................................................................................................................................... 17 Cash Generation ......................................................................................................................................................... 17 Net Cash Position ....................................................................................................................................................... 17 Value Indicators .......................................................................................................................................................... 18 Dividends .................................................................................................................................................................... 18 Corporate Events ........................................................................................................................................................ 19 Capital Markets ........................................................................................................................................................... 19 Appendix I – Consolidated Gross Revenue, Volume, Gross Revenue per Pair, and Market Share .......................... 20 Appendix II – Consolidated Statement of Financial Position (IFRS) (R$ thousands) ................................................ 21 Appendix III – Consolidated Profit and loss account (R$ thousands) ........................................................................ 22 Appendix IV– Consolidated Statement of Cash Flow (R$ thousands) ....................................................................... 23
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Page 2 of 23 PRESS RELEASE 2Q26 & 1H26 Sobral, August 6th, 2026 – GRENDENE (B3: Novo Mercado - GRND3) publishes results for 2Q26 and 1H26. The financial information is presented on a consolidated basis in accordance with International Financial Reporting Standards (IFRS). 2Q26 Highlights vs. 2Q25. Net Revenue R$552.8 million, ▼0.4% Net Revenue/Pair R$20.64, ▲0.5% Sales Volume (Pairs) 26.8 million pairs, ▼0.9% Gross Margin 42.4%, ▲0.4 pp Adjusted EBIT R$15.8 million, ▼48.2% Adjusted EBIT Margin 3.3%, ▼2.8 pp Adjusted Net Profit R$95.3 million, ▼48.6% Adjusted Net Margin 19.7%, ▼17.5 pp Alceu Albuquerque Investor Relations Officer +55-54-2109-9011 dri@grendene.com.br https://ri.grendene.com.br Videoconference with simultaneous translation into English August 07, 2026, at 10h30 a.m. Brasilia Time (BRT) Click here to participate. Number of Common Shares: 902,160,000 Number of Treasury Shares: 0 Price (June 30, 2026): R$3.78 per share Market Capitalization: R$3.4 billion / US$658.8 million Information in this release may contain statements about future outcomes. Such statements reflect the present perception and outlook of the Company’s executive officers on the development of the business, based on developments in the macroeconomic environment, industry conditions, the performance of the Company, and financial results. Any outcomes that are different from such expectations and factors co uld cause the Company’s results to be materially different from current expectations because they involve various risks and uncertainties.
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Page 3 of 23 PRESS RELEASE 2Q26 & 1H26 Main Economic and Financial Indicators R$ thousands 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Gross Revenue 756,159 731,849 (3.2%) 1,461,592 1,414,811 (3.2%) Domestic Market 572,492 544,005 (5.0%) 1,092,238 1,055,751 (3.3%) Exports 183,667 187,844 2.3% 369,354 359,060 (2.8%) Exports (US$) 32,415 37,211 14.8% 64,175 69,688 8.6% Net Revenue 555,276 552,839 (0.4%) 1,119,100 1,086,682 (2.9%) COGS (322,129) (318,381) (1.2%) (622,439) (622,151) 0.0% Gross Profit 233,147 234,458 0.6% 496,661 464,531 (6.5%) G&A Expenses (187,800) (224,741) 19.7% (403,486) (413,253) 2.4% Adjusted G&A Expenses (174,190) (176,982) 1.6% (325,175) (328,073) 0.9% EBIT 45,347 9,717 (78.6%) 93,175 51,278 (45.0%) Adjusted EBIT 30,400 15,752 (48.2%) 126,943 74,813 (41.1%) EBITDA 70,973 34,655 (51.2%) 144,505 100,815 (30.2%) Adjusted EBITDA 56,026 40,690 (27.4%) 178,273 124,350 (30.2%) Reported Net Financial Result 84,737 55,835 (34.1%) 172,834 128,940 (25.4%) Adjusted Net Financial Result 142,821 56,011 (60.8%) 229,420 130,744 (43.0%) Net Profit 143,575 89,408 (37.7%) 256,939 191,546 (25.5%) Adjusted Net Profit 185,523 95,305 (48.6%) 345,331 217,429 (37.0%) Thousands of Pairs 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Total Volume 27,028 26,783 (0.9%) 52,322 52,472 0.3% Domestic Market 22,928 22,488 (1.9%) 40,585 41,791 3.0% Exports 4,100 4,295 4.8% 11,737 10,681 (9.0%) R$ per Pair 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Total Gross Revenue 27.98 27.33 (2.3%) 27.93 26.96 (3.5%) Domestic Market 24.97 24.19 (3.1%) 26.91 25.26 (6.1%) Exports 44.80 43.74 (2.4%) 31.47 33.62 6.8% Exports (US$) 7.91 8.66 9.5% 5.47 6.53 19.4% Net Revenue 20.54 20.64 0.5% 21.39 20.71 (3.2%) COGS (11.92) (11.89) (0.3%) (11.90) (11.86) (0.3%) Margins (%) 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Gross 42.0% 42.4% 0.4 pp 44.4% 42.7% (1.7 pp) EBIT 8.2% 1.8% (6.4 pp) 8.3% 4.7% (3.6 pp) Adjusted EBIT 6.1% 3.3% (2.8 pp) 12.3% 7.6% (4.7 pp) EBITDA 12.8% 6.3% (6.5 pp) 12.9% 9.3% (3.6 pp) Adjusted EBITDA 11.2% 8.4% (2.8 pp) 17.2% 12.7% (4.5 pp) Net 25.9% 16.2% (9.7 pp) 23.0% 17.6% (5.4 pp) Adjusted Net 37.2% 19.7% (17.5 pp) 33.4% 22.1% (11.3 pp) USD 1,00 = R$ 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Closing Dollar Rate 5.4571 5.1766 (5.1%) 5.4571 5.1766 (5.1%) Average (USD) 5.6661 5.0481 (10.9%) 5.7554 5.1524 (10.5%)
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Page 4 of 23 PRESS RELEASE 2Q26 & 1H26 Management Discussion and Analysis (MD&A) The second quarter of 2026 unfolded in a still challenging consumer environment, marked by greater consumer selectivity, intense competition in the domestic market, and a macroeconomic backdrop that continued to influence purchasing behavior and inventory replenishment dynamics throughout the distribution chain. In the domestic market, consumer demand remained cautious both during the quarter and in the first half of the year. The operating environment continued to be affected by elevated interest rates, high levels of household indebtedness and delinquency, as well as intensified competition in the retail sector from both domestic and imported products. In addition, geopolitical developments and their impact on inflation expectations contributed to a weaker consumer spending environment, particularly affecting discretionary product categories. In international markets, the operating environment continued to be characterized by moderate economic growth, foreign exchange volatility and varying recovery trends across the regions served by the Company. The environment was also influenced by uncertainties surrounding global trade, inventory adjustments by distributors, and fluctuations in demand, which continued to affect order flows in certain markets throughout the first half of the year. Against this backdrop, Grendene reported gross revenue of R$731.8 million in 2Q26, down 3.2% from the same period last year. Total sales volume reached 26.8 million pairs, remaining virtually stable, with a slight decline of 0.9% compared to 2Q25. This performance primarily reflects changes in the sales mix, with a higher contribution from products that resulted in lower gross revenue per pair, which declined 2.3% year over year, from R$27.98 to R$27.33. In the first half of 2026 (1H26), gross revenue totaled R$1.41 billion, down 3.2% compared to 1H25, while sales volume remained stable, with a slight increase of 0.3% over the same period. In the domestic market, gross revenue totaled R$544.0 million in 2Q26, down 5.0% from 2Q25. Sales volume reached 22.5 million pairs, a decline of 1.9% year over year. In 1H26, domestic gross revenue totaled R$1.06 billion, down 3.3% from the same period last year, despite a 3.0% increase in sales volume. Gross revenue per pair declined 3.1% in the quarter to R$24.19. In the first half of the year, gross revenue per pair was down 6.1% compared to 1H25. Among the segments within Division 1 (all brands except Melissa), Ipanema, Men’s and Pega Forte delivered positive performance, posting growth in both revenue and sales volume during the quarter. Rider was the highlight within the Men’s segment. On the other hand, the Women’s and Grendene Kids segments recorded declines compared to the same period last year. In 2Q26, Division 1 sell-in declined 1.8% year over year, while in the first six months of 2026 it increased 4.0%. Division 1 sell-out, in turn, considering the Retail, Department Store, Distributor and Self-Service channels, increased 4.1% in the quarter and 3.1% in the first half of the year, demonstrating the resilience of demand for the Company's products despite a more selective consumer environment. Melissa reported a 2.6% increase in gross revenue in 2Q26 compared to the same period of 2025, despite a 3.2% decline in sales volume. Performance was driven by a 6.0% increase in gross revenue per pair, reflecting the brand’s value-added strategy, a stronger product mix and the continued execution of its premium positioning. In 1H26, Melissa recorded a 1.7% decline in gross revenue and an 8.1% decrease in sales volume. Even so, gross revenue per pair increased 7.0% compared to the same period last year, re flecting the continued portfolio repositioning strategy, focused on higher value -added products and enhanced profitability, prioritizing value over sales volume growth. Melissa store sell-out declined 3.0% in 2Q26 and 7.3% in the first half of the year, reflecting lower consumer traffic in stores, as well as the factors previously discussed that continued to weigh on demand for discretionary products. In the quarter, the digital channel generated Gross Merchandise Value (GMV) of R$34.2 million, up 12.1% compared to 2Q25. In the first half of the year, GMV increased 15.5% compared to 1H25, reflecting the continued expansion of the operation, the strengthening of the omnichannel strategy, the growing importance of digital channels to the business and deeper customer engagement. International operations delivered positive performance during the quarter, with shipments totaling approximately 4.3 million pairs, up 4.8% compared to 2Q25. Gross revenue reached R$187.8 million, representing growth of 2.3% over the same (1,8%) 4,0% 4,1% 3,1% 2Q26 1H26 Division 1: Sell-in vs. Sell-out In pairs (YoY) Sell-in Sell-out (3,2%) (8,1%) (3,0%) (7,3%) 2Q26 1H26 Melissa: Sell-in x Sell-out In pairs (YoY) Sell-in Sell-out
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Page 5 of 23 PRESS RELEASE 2Q26 & 1H26 period last year. Revenue growth lagged volume growth, primarily reflecting the diversification of destination markets, with a higher share of sales in regions characterized by lower average selling prices. In the first half of 2026, shipments declined 9.0%, while gross revenue decreased 2.8% compared to the same period last year. Performance was affected by a more cautious global macroeconomic environment, foreign exchange volatility in key markets, and a more conservative approach by customers to inventory replenishment, all of which influenced the pace of sales during the period. Consolidated net revenue reached R$552.8 million in the second quarter of 2026, remaining broadly in line with 2Q25, with a slight decline of 0.4%. In the first half of 2026, net revenue totaled R$1.09 billion, down 2.9% compared to the same period of 2025. Cost of Goods Sold (COGS) totaled R$318.4 million in 2Q26, down 1.2% year over year, representing 57.6% of net revenue, compared to 58.0% in 2Q25. In the first half of 2026, COGS totaled R$622.2 million, remaining virtually unchanged from R$622.4 million i n 1H25 ( -0.05%). As a result of the decline in net revenue during the period, COGS represented 57.3% of net revenue, compared to 55.6% in 1H25. The main components of COGS, including labor, raw materials and other manufacturing costs (OMC), remained under control over the period. However, the lower absorption of fixed costs resulting from lower sales volume in the first half of the year increased the share of COGS as a percentage of net revenue compared to 1H25. Gross profit totaled R$234.5 million in 2Q26, remaining essentially stable compared to 2Q25 (+0.6%), with a gross margin of 42.4%. This performance highlights the Company's operational flexibility and ability to adapt to a more challenging market environment compared to the same period last year. In the first half of 2026, gross profit declined 6.5% compared to 1H25. The decline was primarily driven by lower net revenue, reflecting chang es in the sales mix, customer discounts granted during the period and lower fixed -cost absorption in manufacturing, all of which weighed on the Company's gross profitability. Despite this environment, disciplined management of operating expenses helped mit igate part of the impact on profitability during the period. Operating expenses totaled R$224.7 million in the quarter, up 19.7% compared to 2Q25. Excluding non -recurring items recorded during the period, recurring operating expenses totaled R$177.0 million, remaining broadly in line with the R$174.2 million reported in the same quarter last year (+1.6%). In the first half of 2025, COGS totaled R$413.3 million, an increase of 2.4% compared to 1H25. Excluding non -recurring items, recurring operating expenses totaled R$328.1 million, up 0.9% compared to the same period last year. Despite the pressure on gross profitability during the first half of the year, the Company maintained disciplined management of operating expenses, preserving operational efficiency, and reinforcing its ability to adapt to the current market environment. Selling expenses totaled R$183.5 million in the quarter, down 2.4% compared to 2Q25, in line with the decline in net revenue and primarily reflecting lower variable selling expenses, particularly commissions, advertising and other expenses related to sales volume. General and administrative expenses totaled R$34.9 million in the quarter, down 14.4% compared to 2Q25, primarily reflecting lower personnel expenses and third-party service costs, reinforcing the Company's disciplined cost management. As a result, reported EBIT totaled R$9.7 million in 2Q26, with an EBIT margin of 1.8%, and R$51.3 million in the first half of the year, with a margin of 4.7%. Excluding non-recurring items and management reclassifications, adjusted EBIT totaled R$15.8 million in the quarter, with a margin of 3.3%, and R$74.8 million in the first half of the year. The period's performance 3,69 4,10 4,97 5,04 1,92 1,99 2,17 2,25 4,60 4,23 4,78 4,60 10,21 10,32 11,92 11,89 17,28 17,98 20,54 20,64 2Q23 2Q24 2Q25 2Q26 Net revenue and COGS per pair (R$) Labor OMC Raw Material Net Revenue 21,4% 22,8% 24,2% 24,4% 11,1% 11,1% 10,5% 10,9% 26,6% 23,5% 23,3% 22,3% 59,1% 57,4% 58,0% 57,6% 40,9% 42,6% 42,0% 42,4% 2Q23 2Q24 2Q25 2Q26 Gross Margin and COGS (% of Net Revenue) Labor OMC Raw Material Gross Margin 3,74 4,12 4,90 5,08 1,89 2,03 2,25 2,23 4,65 4,30 4,75 4,55 10,28 10,45 11,90 11,86 17,56 18,54 21,39 20,71 1H23 1H24 1H25 1H26 Net revenue and COGS per pair (R$) Labor OMC Raw Material Net Revenue 21,3% 22,2% 22,9% 24,5% 10,8% 10,9% 10,5% 10,8% 26,5% 23,2% 22,2% 22,0% 58,6% 56,3% 55,6% 57,3% 41,4% 43,7% 44,4% 42,7% 1H23 1H24 1H25 1H26 Gross Margin and COGS (% of Net Revenue) Labor OMC Raw Material Gross Margin
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Page 6 of 23 PRESS RELEASE 2Q26 & 1H26 reflects the impact of lower operating leverage and a more competitive commercial environment, partially offset by disciplined cost and expense management. Details of the adjustments are presented in the section “EBIT – Non-Recurring Adjustments / Management Reclassifications.” Adjusted net financial result totaled R$56.0 million in the quarter and R$130.7 million in the first half of the year, down 60.8% and 43.0%, respectively, compared to the same periods last year. This performance was primarily driven by a lower average balance of financial investments, reflecting the extraordinary dividend distributions made by the Company, as well as lower equity-accounted earnings from investments in Special Purpose Partnerships (SCPs). Although, for accounting purposes, the results of the SCPs are recognized under equity -accounted earnings in the Statement of Profit or Loss, thereby impacting EBIT, Management considers these results part of net financial result for management reporting purposes, given the essentially financial nature of these operations. As a result of the combined effects of the operating and financial factors discussed above, adjusted net income totaled R$95.3 million in 2Q26, corresponding to an adjusted net margin of 19.7%. In the first half of 2026, adjusted net income reached R$217.4 million, with an adjusted net margin of 22.1%. At the end of the period, the Company maintained a solid financial position, strong liquidity, and disciplined capital management, preserving its ability to invest, execute its strategy and create value for shareholders despite a more challenging market environment. At the end of the period, the Company maintained a solid financial position, strong liquidity and disciplined capital management, preserving its investment capacity, operational execution and ability to generate value for shareholders despite a more challenging market environment. The Company also continues to closely monitor the potential impact of the recent U.S. tariff measures on international trade and their implications for the footwear industry. Operating in a highly competitive and constantly evolving market, the Company remains focused on the strategic management of its brands, product categories, and sales channels, while continuing to enhance its product portfolio and pursuing operational efficiency. Supported by a solid financial position and a portfolio of well -established brands, Grendene remains well positioned to respond swiftly to changes in the business environment, preserve its competitiveness and capture sustainable growth opportunities, while maintaining its focus on long-term value creation. 30,4 45,3 9,7 15,8 14,9 1,3 4,5 5,9 10,6 (57,9) 6,0 Adjusted EBIT (2Q25) Adjustments (2Q25) EBIT (2Q25) Gross Profit Sales Expenses G&A Expenses Other Revenues/ Expenses Equity Method EBIT (2Q26) Adjustments (2Q26) Adjusted EBIT (2Q26) Adjusted EBIT (R$ million) 126,9 93,2 51,3 74,8 (33,8) (32,1) 18,5 4,3 22,2 (54,8) 23,5 Adjusted EBIT (1H25) Adjustments (1H25) EBIT (1H25) Gross Profit Sales Expenses G&A Expenses Other Revenues/ Expenses Equity Method EBIT (1H26) Adjustments (1H26) Adjusted EBIT (1H26) Adjusted EBIT (R$ million)
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Page 7 of 23 PRESS RELEASE 2Q26 & 1H26 Highlights Campaigns Melissa x GANNI: From Scandinavian Summer to the Brazilian Lifestyle Melissa announced its latest collaboration with GANNI, further strengthening its global presence through a partnership with one of contemporary fashion's most influential brands. Inspired by the creative identities of both brands, the collection blends Scandinavian design with the Brazilian lifestyle, reinterpreting iconic Melissa silhouettes through a fresh perspective. The collaboration is part of Melissa's strategy to further expand its international relevance through par tnerships with globally recognized fashion brands. Ipanema Launches Exclusive Collaboration with Boca Rosa Ipanema strengthened its strategy of connecting with the fashion, beauty, and lifestyle worlds through an exclusive collaboration with Boca Rosa, the beauty brand founded by Bianca Andrade. The Pluma Choco Pop collection features four styles inspired by the gourmand universe, combining design and comfort in a proposal that reflects the identities of both brands. Available nationwide, the collaboration expands Ipanema's presence in new consumer segments, strengthens its connection with female consumers, and reinforces its brand positioning through partnerships with brands that enjoy strong consumer recognition. Zaxy Expands Its Portfolio with the New Leveza Collection Zaxy expanded its portfolio with the launch of Zaxy Leveza , a new EVA-based collection that strengthens the brand's presence in a fast-growing category. The collection features five styles, including slides and clogs, designed to meet growing consumer demand for lightweight, comfortable, and versatile products aligned with trends focused on well -being, convenience, and functionality. The launch expands the brand's offering in a higher value -added category while reinforcing its portfolio diversification strategy. Melissa Launches the Second Drop of Its Collaboration with Diesel Melissa launched the second drop of its collaboration with Diesel, further expanding its partnership with one of the world's leading fashion brands and reinforcing its strategy of international collaborations. The new release introduces updated versions of the Quantum Thong, Quantum Platform and Quantum Sneaker, along with the Melissa Quantum Dome Bag, the first bag jointly developed by the two brands. The launch further expands the collaboration's portfolio and reinforces Melissa's international presence through initiatives developed with globally recognized fashion partners.
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Page 8 of 23 PRESS RELEASE 2Q26 & 1H26 Sales Convention – Division 1, Melissa, and Exports Melissa 2026 Sales Convention In May, Melissa held the Melissa 2026 Sales Convention, bringing together more than 700 participants at the São Paulo Biennial Pavilion, including franchisees, international distributors, sales representatives, managers, Melissa Club sales associates and members of the brand's team. The event marked the launch of the new collection and provided commercial alignment across the distribution network through a dedica ted showroom and meeting spaces for business partners. The initiative reinforces Melissa's strategy of strengthening relationships with its sales channels and supporting the successful execution of its collections across the markets in which it operates. Division 1 Brings Sales Force Together Through Online Convention Division 1 held its Sales Convention in an online format, bringing together sales representatives and sales teams from across Brazil and Latin America to present commercial guidelines and align the sales force with the Company's strategic priorities. The i nitiative reinforces the integration of the commercial network and supports the execution of planned initiatives across the different markets in which the Company operates. Grendene Brings Together Global Distributors at its 26th International Sales Convention On June 9 and 10, Grendene held its 26th International Sales Convention in Albufeira, Portugal. The event brought together distributors from five continents to launch the Spring/Summer 2027 Collection and align commercial and marketing strategies across international markets. Corporate Responsibility and Governance Grendene Achieves OEA – Compliance Reference Certification In July 2026, Grendene was certified by the Brazilian Federal Revenue Service (RFB) as an Authorized Economic Operator (OEA) – Compliance Reference, the highest level of compliance certification under Brazil's Authorized Economic Operator (OEA) Program. Th e certification further recognizes the Company's tax compliance, corporate governance, and internal control practices, building on the progress achieved through its participation in the Cooperative Tax Compliance Program (Confia). It also contributes to greater predictability, agility and efficiency in the Company's import and export processes. The certification was granted for an indefinite term. Sustainability, Circular Economy, and Diversity Throughout the quarter, Grendene conducted initiatives focused on sustainability, circular economy and diversity, engaging employees and business partners in environmental and social awareness programs aligned with its ESG agenda and the United Nations Sustainable Development Goals (SDGs). As part of Environment Month, Grendene's Farroupilha (RS) and Sobral (CE) facilities promoted initiatives related to waste management, recycling, and the circular economy. In Farroupilha, key initiatives included material reuse projects, such as the use of upcycled coffee grounds as pigment for products, partnerships with Banco do Vestuário to repurpose textile materials, and initiatives developed with the Farroupilhense Association of Agroecology (AFAGRO), including an organic farmers' market and the use o f compost produced from cafeteria organic waste to support local agriculture. In Sobral, the Company conducted an initiative in partnership with the Municipal Department of Conservation and Public Services (SESEP) and local waste picker associations, highlighting the importance of separate waste collection, recycling and the essential role played by waste pickers. As part of its Diversity and Inclusion initiatives, Grendene held the panel discussion “Not So Similar, Not So Different” as part of the Grendene+ program, promoting discussions on diversity, equity, and inclusion (DE&I) while fostering a workplace culture built on respect for differences.
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Page 9 of 23 PRESS RELEASE 2Q26 & 1H26 Analysis of Operations for 2Q26 & 1H26 (IFRS Consolidated Data) Gross Sales Revenue Gross revenue reflected a more selective consumer environment and changes in the sales mix, with a greater contribution from categories with lower gross revenue per pair, impacting gross revenue performance during the period. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Gross revenue – (R$ thousands) 756,159 731,849 (3.2%) 1,461,592 1,414,811 (3.2%) Volume (thousands of pairs) 27,028 26,783 (0.9%) 52,322 52,472 0.3% Gross Revenue Per Pair (R$) 27.98 27.33 (2.3%) 27.93 26.96 (3.5%) 756,2 731,8 2Q25 2Q26 Gross Sales Revenue (R$ mm) 27,0 26,8 2Q25 2Q26 Volume (mm of pairs) 27,98 27,33 2Q25 2Q26 Gross Sales Revenue Per Pair (R$) 75,7% 74,3% 24,3% 25,7% 2Q25 2Q26 Share % Gross Revenue Domestic Market Exports 84,8% 84,0% 15,2% 16,0% 2Q25 2Q26 Share % Volume Domestic Market Exports 1.461,6 1.414,8 1H25 1H26 Gross Sales Revenue (R$ mm) 52,3 52,5 1H25 1H26 Volume (mm of pairs) 27,93 26,96 1H25 1H26 Gross Sales Revenue Per Pair (R$) 74,7% 74,6% 25,3% 25,4% 1H25 1H26 Share % Gross Revenue Domestic Market Exports 77,6% 79,6% 22,4% 20,4% 1H25 1H26 Share % Volume Domestic Market Exports
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Page 10 of 23 PRESS RELEASE 2Q26 & 1H26 Gross Sales Revenue - Domestic Market (DM) Gross revenue in the domestic market was affected by a more selective consumer environment and changes in the sales mix, resulting in lower gross revenue per pair during the period. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Gross revenue – DM (R$ thousands) 572,492 544,005 (5.0%) 1,092,238 1,055,751 (3.3%) Volume – DM (thousands of pairs) 22,928 22,488 (1.9%) 40,585 41,791 3.0% Gross Revenue per Pair - DM (R$) 24.97 24.19 (3.1%) 26.91 25.26 (6.1%) Digital Commerce 572,5 544,0 2Q25 2Q26 Gross Sales Revenue - DM (R$ mm) 22,9 22,5 2Q25 2Q26 Volume - DM (mm of pairs) 24,97 24,19 2Q25 2Q26 Gross Sales Revenue Per Pair - DM (R$) 1.092,2 1.055,8 1H25 1H26 Gross Sales Revenue - DM (R$ mm) 40,6 41,8 1H25 1H26 Volume - DM (mm of pairs) 26,91 25,26 1H25 1H26 Gross Sales Revenue Per Pair - DM (R$) Ecommerce 72% Marketplaces Omnichannel Online Sales Channels 30,5 34,2 2Q25 2Q26 R$ million Gross Merchandise Volume (GMV) 69,0% 71,3% 2Q25 2Q26 Margin (%) Digital Commerce (Gross Margin) Key Indicators of the Quarter • GMV Brazil grew to R$34.2 million (up +12.1%) compared to R$30.5 million in 2Q25. • 173 thousand pairs sold (up +5.8% vs. 2Q25 • Recurring EBIT up 10.8% vs. 2Q25 • Conversion Rate Improvement: 12.5% vs. 2Q25, reflecting greater operational efficiency. • Online Channel Penetration: 6.3% (up 1.0 pp) vs. 2Q25 • E-commerce remains the main sales channel for online stores.
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Page 11 of 23 PRESS RELEASE 2Q26 & 1H26 Gross Sales Revenue, Exports (IM) Gross revenue in international markets delivered positive performance during the quarter, driven by higher shipment volumes. In Brazilian reais, gross revenue increased 2.3%, reflecting the appreciation of the Brazilian real against the U.S. dollar, as well as changes in the geographic and product mix. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Gross revenue – IM (R$ thousands) 183,667 187,844 2.3% 369,354 359,060 (2.8%) Gross revenue – IM (US$ thousand) 32,415 37,211 14.8% 64,175 69,688 8.6% Volume – DM (thousands of pairs) 4,100 4,295 4.8% 11,737 10,681 (9.0%) Gross Revenue per pair – IM (R$) 44.80 43.74 (2.4%) 31.47 33.62 6.8% Gross Revenue per pair – IM (US$) 7.91 8.66 9.5% 5.47 6.53 19.4% According to data from MDIC/SECEX/Abicalçados (Ministry of Development, Industry and Foreign Trade / Foreign Trade Secretariat / Brazilian Footwear Industries Association), Brazilian footwear exports in 2Q26, compared to 2Q25, declined 13.3% in revenue (U. S. dollars), increased 7.4% in shipment volume (pairs) and decreased 19.2% in average export price per pair (U.S. dollars). By comparison, Grendene recorded a 14.8% increase in gross revenue (U.S. dollars), a 4.8% increase in export shipment volume and a 9 .5% increase in gross revenue per exported pair (U.S. dollars). Grendene's share of Brazil's total footwear export volume declined from 19.4% in 2Q25 to 18.9% in 2Q26. 183,7 187,8 2Q25 2Q26 Gross Revenue - IM (R$ MM) 4,1 4,3 2Q25 2Q26 Volume - IM (MM of pairs) 44,80 43,74 2Q25 2Q26 Gross Sales Revenue per Pair - IM (R$) 32,4 37,2 2Q25 2Q26 Gross Sales Revenue - IM (R$ mm) 7,91 8,66 2Q25 2Q26 Gross Sales Revenue per Pair - IM (R$) 369,4 359,1 1H25 1H26 Gross Revenue - IM (R$ MM) 11,7 10,7 1H25 1H26 Volume - IM (MM of pairs) 31,47 33,62 1H25 1H26 Gross Sales Revenue per Pair - IM (R$) 64,2 69,7 1H25 1H26 Gross Sales Revenue - IM (R$ mm) 5,47 6,53 1H25 1H26 Gross Sales Revenue per Pair - IM (R$)
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Page 12 of 23 PRESS RELEASE 2Q26 & 1H26 Net Operating Revenue (NOR) Net revenue remained broadly stable during the quarter, declining just 0.4% compared to 2Q25. The decline in gross revenue was partially offset by lower sales deductions, helping preserve net revenue and supporting growth in net revenue per pair. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Net sales revenue (R$ thousands) 555,276 552,839 (0.4%) 1,119,100 1,086,682 (2.9%) Net Revenue per pair (R$) 20.54 20.64 0.5% 21.39 20.71 (3.2%) Cost of Goods Sold (COGS) The cost of goods sold (COGS), including labor, raw materials, and other manufacturing overhead costs, remained well under control during the period and benefited from lower raw material costs. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 COGS (R$ thousands) 322,129 318,381 (1.2%) 622,439 622,151 0.0% COGS per pair (R$) 11.92 11.89 (0.3%) 11.90 11.86 (0.3%) 555,3 552,8 2Q25 2Q26 Net Sales Revenue (R$ mm) 20,54 20,64 2Q25 2Q26 Net Sales Revenue per Pair (R$) 1.119,1 1.086,7 1H25 1H26 Net Sales Revenue (R$ mm) 21,39 20,71 1H25 1H26 Net Sales Revenue per Pair (R$) 322,1 318,4 2Q25 2Q26 COGS (R$ mm) 11,92 11,89 2Q25 2Q26 COGS per pair (R$) 622,4 622,2 1H25 1H26 COGS (R$ mm) 11,90 11,86 1H25 1H26 COGS per pair (R$)
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Page 13 of 23 PRESS RELEASE 2Q26 & 1H26 The chart below depicts the market pricing fluctuation (ICIS-LOR) in USD converted to BRL for PVC resin, as well as the change in Grendene's average cost per pair, showing the behavior per pair in each quarter of 2025 and 2026. Pairs (thousands) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 25,294 27,028 36,321 35,288 25,689 26,783 Source: ICIS-LOR petrochemical prices and Company’s quarterly data. Gross Profit Gross profit totaled R$234.5 million in the quarter, up 0.6% compared to 2Q25, while gross margin expanded by 0.4 percentage points to 42.4%. This performance reflects stable COGS per pair and disciplined management of manufacturing costs, offsetting the impact of lower gross revenue per pair. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Gross revenue (R$ thousands) 233,147 234,458 0.6% 496,661 464,531 (6.5%) Gross Margin (%) 42.0% 42.4% 0.4 pp 44.4% 42.7% (1.7 pp) R$ 11,87 R$ 11,92 R$ 11,20 R$ 10,94 R$ 11,82 R$ 11,89 - 3,00 6,00 9,00 12,00 15,00 - 2,0 4,0 6,0 8,0 10,0 Jan-25 Mar-25 Jun-25 Aug-25 Nov-25 Jan-26 Apr-26 Jun-26 R$ / pair R$ thousands / ton. PVC resin / ton. (CFR) - R$ COGS / per pair- R$ 233,1 234,5 42,0% 42,4% 2Q25 2Q26 Gross Revenue (R$ mm) Gross Margin ( %) 496,7 464,5 44,4% 42,7% 1H25 1H26 Gross Revenue (R$ mm) Gross Margin ( %)
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Page 14 of 23 PRESS RELEASE 2Q26 & 1H26 Selling Expenses (DV) Selling expenses decreased 2.4% during the quarter and represented 33.2% of net revenue, compared to 33.9% in 2Q25. This performance reflects lower variable selling expenses, particularly commissions, advertising, and other costs related to commercial activities. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Selling expenses (R$ thousands) 188,042 183,528 (2.4%) 344,015 325,485 (5.4%) % of Net Revenue (NOR) 33.9% 33.2% (0.7 pp) 30.7% 30.0% (0.7 pp) Advertising and Publicity Expenses (A&P Exp.) Advertising and marketing expenses followed revenue dynamics in the period, reflecting lower pressure from variable expenses. General and Administrative Expenses (G&A Exp.) General and administrative expenses totaled R$3 4.9 million during the quarter, down 14.4% compared to 2Q25, representing 6.3% of net revenue. The improvement was primarily driven by lower personnel and third-party service expenses, reflecting the Company's disciplined approach to managing administrative costs. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 G&A Expenses (R$ thousands) 40,785 34,931 (14.4%) 72,406 68,081 (6.0%) % of Net Revenue (NOR) 7.3% 6.3% 1.0 pp 6.5% 6.3% 0.2 pp 188,0 183,5 33,9% 33,2% 2Q25 2Q26 DV (R$ mm) % of NOR 344,0 325,5 30,7% 30,0% 1H25 1H26 DV (R$ mm) % of NOR 41,1 36,1 7,4% 6,5% 2Q25 2Q26 A&P Exp. (R$ mm) % of NOR 66,4 59,9 5,9% 5,5% 1H25 1H26 A&P Exp. (R$ mm) % of NOR 40,8 34,9 7,3% 6,3% 2Q25 2Q26 G&A Exp. (R$ mm) % of NOR 72,4 68,1 6,5% 6,3% 1H25 1H26 G&A Exp. (R$ mm) % of NOR
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Page 15 of 23 PRESS RELEASE 2Q26 & 1H26 EBIT and EBITDA EBIT – Earnings Before Interest and Taxes – represents operating profit before financial income and expenses and income taxes. Given its significant cash position, which generates substantial financial income, the Company believes that EBIT provides a more meaningful measure of the operating performance of its core business. EBIT/EBITDA Reconciliation (R$ thousand) 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Net Profit 143,575 89,408 (37.7%) 256,939 191,546 (25.5%) (+) Taxes on Profit (13,491) (23,856) 76.8% 9,070 (11,328) (224.9%) (-) Net Financial Revenue (84,737) (55,835) (34.1%) (172,834) (128,940) (25.4%) EBIT 45,347 9,717 (78.6%) 93,175 51,278 (45.0%) (+) Non-recurring Adjustments 43,137 6,211 (85.6%) 90,354 25,339 (72.0%) (+) Management Reclassifications (58,084) (176) (99.7%) (56,586) (1,804) 96.8% Adjusted EBIT 30,400 15,752 (48.2%) 126,943 74,812 (41.1%) (+) Depreciation and Amortization 25,626 24,938 (2.7%) 51,330 49,537 (3.5%) EBITDA 70,973 34,655 (51.2%) 144,505 100,815 (30.2%) Adjusted EBITDA 56,026 40,690 (27.4%) 178,273 124,350 (30.2%) EBIT Margin Reconciliation* and EBITDA margin % 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 EBIT 8.2% 1.8% (6.4 pp) 8.3% 4.7% (3.6 pp) Adjusted EBIT 6.1% 3.3% (2.8 pp) 12.3% 7.6% (4.7 pp) EBITDA 12.8% 6.3% (6.5 pp) 12.9% 9.3% (3.6 pp) Adjusted EBITDA 11.2% 8.4% (2.8 pp) 17.2% 12.7% (4.5 pp) EBIT – Non-recurring Adjustments / Management Reclassifications (R$ thousands) 2Q25 2Q26 1H25 1H26 Legal Advisory 0 0 610 0 Procedural Credits 0 (193) 0 (193) Retail Discontinuity and Obsolete Inventory 1,004 2,105 21,872 893 Equity method earnings (SCPs) (58,084) (176) (56,586) (1,804) Franchise Management 958 609 2,417 1,497 Indemnification to Representatives 0 0 654 0 Legal Proceedings 13,912 0 13,603 211 Provision for Civil Contingencies 0 0 0 (541) Non-Recurring Results (GGB) 27,263 3,690 51,198 10,068 CIDE on Remittances Abroad 0 0 0 13,404 Sum (14,947) 6,035 33,768 23,535 EBITDA (our business is low-capital intensive). The Company regularly invests an amount equivalent to depreciation to keep its production capacity up to date. Additionally, Grendene maintains a positive net cash position and has no financial obligations that req uire payment using funds generated from operations. Therefore, we believe that EBIT analysis is more relevant for the Company's operational management.
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Page 16 of 23 PRESS RELEASE 2Q26 & 1H26 Net Financial Revenue Adjusted net financial result totaled R$56.0 million in 2Q26, down 60.8% compared to 2Q25. This performance primarily reflects the lower average cash and financial investment balances following the Company's extraordinary distributions, as well as lower financial income and a reduced contribution from equity -accounted earnings of the SCPs. (R$ thousands) 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Income from Financial Investments 50,734 21,894 (56.8%) 94,196 51,949 (44.9%) Foreign Exchange Gain (Loss) 7,180 1,449 (79.8%) 17,102 9,196 (46.2%) Results of Other Financial Assets (SCPs, COE, Debentures) 11,722 11,438 (2.4%) 21,448 24,611 14.7% Results from Other Investments 0 0 0.0% 0 2,617 0.0% Other Financial Transactions (6,899) (4,363) (36.8%) (11,382) (13,816) 21.4% Adjustments to Present Value 22,000 25,417 15.5% 51,470 54,383 5.7% Reported Net Financial Result 84,737 55,835 (34.1%) 172,834 128,940 (25.4%) (+) Management Reclassifications – Equity Method – SCPs 58,084 176 (99.7%) 56,586 1,804 (96.8%) Adjusted Net Financial Result 142,821 56,011 (60.8%) 229,420 130,744 (43.0%) The breakdown of the Financial Result (accounting) can be found in the explanatory notes to the financial statements. Net Profit Net income was impacted by the combination of a weaker net financial result and lower operating profitability compared to the same period of the previous year. Nevertheless, the Company maintained strong cash generation and preserved its solid financial position, ending the quarter with adjusted net income of R$95 .3 million. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Net Profit (R$ thousands) 143,575 89,408 (37.7%) 256,939 191,546 (25.5%) Adjusted Net Profit (R$ thousands) 185,523 95,305 (48.6%) 345,331 217,428 (37.0%) Net Margin (%) 25.9% 16.2% (9.7 pp) 23.0% 17.6% (5.4 pp) Adjusted Net Margin, % 37.2% 19.7% (17.5 pp) 33.4% 22.1% (11.3 pp) 30,4 15,8 6,1% 3,3% 2Q25 2Q26 Adjusted EBIT (R$ mm) Adjusted EBIT Margin(%) 56,0 40,7 11,2% 8,4% 2Q25 2Q26 Adjusted EBITDA (R$ mm) Adjusted EBITDA Margin(%) 126,9 74,8 12,3% 7,6% 1H25 1H26 Adjusted EBIT (R$ mm) Adjusted EBIT Margin(%) 178,3 124,3 17,2% 12,7% 1H25 1H26 Adjusted EBITDA (R$ mm) Adjusted EBITDA Margin(%)
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Page 17 of 23 PRESS RELEASE 2Q26 & 1H26 Capex (fixed and intangible) During 2Q26, the Company primarily directed its investments toward the maintenance and modernization of its industrial operations, with a focus on upgrading its manufacturing facilities, replacing productive assets, and preserving production capacity. Investments also included information technology and automation initiatives aimed at enhancing operational efficiency, strengthening internal processes, and supporting the Company's high-quality standards. 2Q25 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Investments (R$ thousands) 40,718 31,167 (23.5%) 74,592 48,516 (35.0%) Cash Generation In the first half of 2026, the Company generated R$336.4 million in cash from operating activities. Even after the payment of dividends and interest on shareholders' equity, Grendene ended the period with a solid financial position, preserving its ability to invest, execute its strategy and continue delivering shareholder returns. Net Cash Position The Company's net cash position totaled R$1.5 billion at the end of the quarter, compared to R$2.2 billion as of June 30, 2025. The decrease primarily reflects the payment of dividends and interest on shareholders' equity to shareholders during the period, partially offset by strong operating cash generation. Even after these distributions, the Company maintained a positive net cash position, strong liquidity, and ample capacity to fund its operations, investments, and strategic initiatives. (R$ thousands) March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 Cash, Equivalents, and Financial Investments (ST and LT) 2,052,364 1,853,269 1,521,220 1,467,529 1,212,063 866,470 Real Estate Investments (Investment Committee - CI) 333,037 398,681 627,902 679,834 692,978 731,654 Loans and Financing (ST and LT) (194,318) (84,808) (82,477) (69,069) (149,523) (95,686) Net Cash 2,191,083 2,167,142 2,066,645 2,078,294 1,755,518 1,502,438 185,5 95,3 37,2% 19,7% 2Q25 2Q26 Adjusted Net Profit (R$ thousands) Adjusted Net Margin (%) 345,3 217,4 33,4% 22,1% 1H25 1H26 Adjusted Net Profit (R$ thousands) Adjusted Net Margin (%) 2.191,1 2.167,1 2.066,6 2.078,3 1.755,5 1.502,4 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 Net Cash (R$ mm)
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Page 18 of 23 PRESS RELEASE 2Q26 & 1H26 Value Indicators Dividends Management has proposed the second interim dividend distribution related to the earnings generated between January 1 and June 30, 2026, subject to ratification by the Annual General Meeting to approve the Company's financial statements for fiscal year 2026. The proposed distribution totals R$58,595,291.98, comprising R$28,598,471.98 in dividends and R$29,996,820.00 in interest on sharehold ers' equity (JCP), with payment scheduled to begin on September 9, 2026. Shareholders holding shares as of August 21, 2026, will be entitled to receive these distributions, and GRND3 shares will be traded ex-dividend and ex-JCP as of August 24, 2026, on B3 S.A. – Brasil, Bolsa, Balcão. Below is a detailed breakdown of Management’s proposal. Demonstration of Dividends until June 30, 2026 Grendene S.A. R$ Net Profit for the Period 191,546,475.55 (-) Tax Incentive Reserve of ICMS (51,546,093.74) (-) Tax Incentive Reserve of IRPJ (19,717,289.92) Basis for Calculation of the Legal Reserve 120,283,091.89 (-) Legal Reserve (6,014,154.60) Basis for Calculating the Minimum Mandatory Dividend (1H26) 114,268,937.29 (-) Retained Earnings (6,317.63) (+) Unclaimed Dividends 22,382.91 Dividends Proposed by Management 114,285,002.57 (-) Dividends and Interest on Shareholders' Equity Paid in Advance (1Q26) (55,689,710.59) Balance Available for Distribution 58,595,291.98 Mandatory Minimum Dividend (25%) 28,567,234.32 Proposed Dividend in Excess of the Minimum Mandatory Amount 85,695,385.34 Sum 114,262,619.66 Dividends Prescribed 22,382.91 Total 114,285,002.57 2,05 0,96 30-Jun-25 30-Jun-26 Cash and Equivalents + Cash Investments per Share (R$) 2,76 1,53 30-Jun-25 30-Jun-26 Net Working Capital per Share (R$) 4,46 3,56 30-Jun-25 30-Jun-26 Shareholder’s Equity per Share (R$) 0,90 0,64 30-Jun-25 30-Jun-26 Profit per Share (R$) (last 12 months) 5,50 3,78 30-Jun-25 30-Jun-26 Stock Price 6,11 5,91 30-Jun-25 30-Jun-26 Price / Earnings
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Page 19 of 23 PRESS RELEASE 2Q26 & 1H26 Dividends and Interest on Equity (payment schedule) Dividend / IOE Approval Date Ex-dividend date / IOE Date of payment start Gross Value R$ Gross Value Per Share R$ Standard Net Amount (R$) Standard Net Amount per Share (R$) Dividend 1 and 2 May 7, 2026 May 22, 2026 Jun. 10, 2026 25,689,710.59 0.028475781 25,689,710.59 0.028475781 IOE 1 and 3 May 7, 2026 May 22, 2026 Jun. 10, 2026 30,000,000.00 0.033253525 24,750,000.00 0.027434158 Dividend 1 and 2 Aug. 6, 2026 Aug. 24, 2026 Sep. 9, 2026 28,598,471.98 0.031700000 28,598,471.98 0.031700000 IOE 1 and 3 Aug. 6, 2026 Aug. 24, 2026 Sep. 9, 2026 29,996,820.00 0.033250000 24,747,376.50 0.027431250 Total 114,285,002.57 0.126679306 103,785,559.07 0.115041189 1 Distribution approved “ad referendum” of the Annual General Meeting that will review the balance sheet and financial statements for the 2026 fiscal year. ² the standard net dividend amounts do not consider any withholding income tax applicable to individuals’ resident in Brazil, pursuant to Law No. 15,270/2025. Under the terms of such law, dividends paid in amounts exceeding R$50,000.00 in each month may be subject to withholding tax at a rate of 10%, the application of which depends on the total amount received by the shareholder in the period. ³ the net amounts of interest on equity consider withholding income tax at a rate of 17.5%, in accordance with the applicable legislation, replacing the previously applicable rate. Corporate Events August 06, 2026 – Meeting of the Board of Directors: The Company's financial information for the second quarter and first half of 2026 was approved, together with the second interim distribution of dividends and interest on shareholders' equity based on earnings generated through June 30, 2026, as well as other matters of interest to the Company. August 06, 2026 – Notice to Shareholders: It was announced that the payment of dividends totaling R$58.6 million, corresponding to the balance of earnings generated through June 30, 2026, will commence on September 9, 2026. Capital Markets In 1H26 Grendene’s shares (B3 ticker: GRND3) delivered a 3.3% total return, considering dividend reinvestment, compared to 6.8% for Ibovespa. The average daily trading volume was R$18.7 million in the period (R$11.2 million in 1H25). The number of trades, shares traded, financial volume and daily averages are presented in the table below: Year No. of Trading Session s No. of Trades No. of Shares Volume R$ Price R$ Average No. of Shares Volume R$ Weighted Average Daily closing for trading Price for trading Price 1H25 122 451,733 248,860,200 1,361,558,988 5.47 5.50 551 2,039,838 3,014 11,160,319 1H26 122 714,764 503,346,500 2,280,120,479 4.52 3.78 704 4,125,791 3,190 18,689,512 Over the last 52 weeks (July 1, 2025, to June 30, 2026), GRND3 shares traded between a low of R$3.75 on June 30, 2026, and a high of R$5.68 on December 4, 2025. Below, we present the performance of Grendene’s common shares (ON) compared to the BOVESPA Index, using a base value of 100 as of December 31, 2025, along with the daily trading volume: 0 30 60 90 120 150 - 20 40 60 80 31-Dec-25 31-Jan-26 28-Feb-26 31-Mar-26 30-Apr-26 31-May-26 30-Jun-26 Base 100 = December 31, 2025 Volume (R$ mm) Daily trading volume and GRND3 vs. Ibovespa Daily Trading Volume (R$) GRND3 (with reinvestment of dividends) Ibovespa
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Page 20 of 23 PRESS RELEASE 3Q26 & 1H26 Appendix I – Consolidated Gross Revenue, Volume, Gross Revenue per Pair, and Market Share Gross Revenue (R$ thousands) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Domestic Market 519,746 572,492 771,259 721,097 511,746 544,005 (5.0%) 1,092,238 1,055,751 (3.3%) Exports 185,687 183,667 253,064 194,648 171,216 187,844 2.3% 369,354 359,060 (2.8%) Exports (US$) 31,770 32,415 46,454 36,091 32,571 37,211 14.8% 64,175 69,688 8.6% Total 705,433 756,159 1,024,323 915,745 682,962 731,849 (3.2%) 1,461,592 1,414,811 (3.2%) Sales Volume (Pairs) (thousands of pairs) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Domestic Market 17,657 22,928 28,988 28,038 19,303 22,488 (1.9%) 40,585 41,791 3.0% Exports 7,637 4,100 7,333 7,250 6,386 4,295 4.8% 11,737 10,681 (9.0%) Total 25,294 27,028 36,321 35,288 25,689 26,783 (0.9%) 52,322 52,472 0.3% Gross Revenue per Pair (R$) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 Domestic Market 29.44 24.97 26.61 25.72 26.51 24.19 (3.1%) 26.91 25.26 (6.1%) Exports 24.31 44.80 34.51 26.85 26.81 43.74 (2.4%) 31.47 33.62 6.8% Exports (US$) 4.16 7.91 6.33 4.98 5.10 8.66 9.5% 5.47 6.53 19.4% Total 27.89 27.98 28.20 25.95 26.59 27.33 (2.3%) 27.93 26.96 (3.5%) US$ dollar (USD 1,00 = R$) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Variation 2Q26 / 2Q25 1H25 1H26 Variation 1H26 / 1H25 USD at end of period 5.7422 5.4571 5.3186 5.5024 5.2194 5.1766 (5.1%) 5.4571 5.1766 (5.1%) Average USD Exchange Rate 5.8447 5.6661 5.4476 5.3932 5.2567 5.0481 (10.9%) 5.7554 5.1524 (10.5%) Gross Revenue % Share 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 Domestic Market 73.7% 75.7% 75.3% 78.7% 74.9% 74.3% 74.7% 74.6% Exports 26.3% 24.3% 24.7% 21.3% 25.1% 25.7% 25.3% 25.4% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Sales Volume (Pairs) % Share 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 Domestic Market 69.8% 84.8% 79.8% 79.5% 75.1% 84.0% 77.6% 79.6% Exports 30.2% 15.2% 20.2% 20.5% 24.9% 16.0% 22.4% 20.4% Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
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Page 21 of 23 PRESS RELEASE 3Q26 & 1H26 Appendix II – Consolidated Statement of Financial Position (IFRS) (R$ thousands) Balance Sheet December 31, 2025 % Total June 30, 2026 % Total Variation % ASSETS Current 2,705,848 60.12% 1,968,180 51.49% (27.3%) Cash and Cash Equivalents 70,158 1.56% 87,313 2.28% 24.5% Financial Investments and other Financial Assets 987,916 21.95% 365,337 9.56% (63.0%) Trade Receivables 1,034,319 22.98% 787,204 20.59% (23.9%) Inventories 483,533 10.74% 539,159 14.11% 11.5% Tax Credits 54,306 1.21% 39,576 1.04% (27.1%) Income and Social Contribution Taxes Recoverable 23,997 0.53% 81,795 2.14% 240.9% Notes Receivable 3,933 0.09% 465 0.01% (88.2%) Prepaid Costs and Expenses 15,271 0.34% 11,232 0.29% (26.4%) Other Credits 32,415 0.72% 56,099 1.47% 73.1% Non-Current 1,795,534 39.88% 1,854,150 48.51% 3.3% Non-current assets 448,467 9.96% 460,096 12.04% 2.6% Financial Investments and other Financial Assets 409,455 9.10% 413,820 10.83% 1.1% Trade Receivables 9,335 0.21% 12,550 0.33% 34.4% Judicial Deposits 571 0.01% 520 0.01% (8.9%) Tax Credits 1,777 0.04% 9,647 0.25% 442.9% Deferred Income Tax and Social Contribution Tax 19,716 0.44% 17,117 0.45% (13.2%) Other Credits 5,623 0.12% 5,369 0.14% (4.5%) Prepaid Costs and Expenses 1,990 0.04% 1,073 0.03% (46.1%) Investments 680,246 15.11% 732,066 19.15% 7.6% Fixed Assets 563,239 12.51% 560,689 14.67% (0.5%) Intangible 86,404 1.92% 85,138 2.23% (1.5%) Goodwill 17,178 0.38% 16,161 0.42% (5.9%) Total Assets 4,501,382 100.00% 3,822,330 100.00% (15.1%) Balance Sheet December 31, 2025 % Total June 30, 2026 % Total Variation % LIABILITIES + EQUITY Current 1,322,215 29.37% 585,018 15.30% (55.8%) Loans and Financing 55,636 1.24% 81,906 2.14% 47.2% Leasing Contracts 1,280 0.03% 896 0.02% (30.0%) Suppliers 56,927 1.26% 82,020 2.15% 44.1% Contractual Obligations 6,928 0.15% 5,054 0.13% (27.0%) Commissions Payable 56,634 1.26% 40,838 1.07% (27.9%) Taxes, Fees, and Contributions 36,511 0.81% 27,986 0.73% (23.3%) Salaries and Related Charges Payable 97,155 2.16% 113,072 2.96% 16.4% Provision for Labor, Tax, and Civil Risks 2,437 0.05% 12,017 0.31% 393.1% Dividends and Interest on Equity payable 979,985 21.77% 179,985 4.71% (81.6%) Advances from Clients 19,681 0.44% 18,601 0.49% (5.5%) Other Accounts Payable 9,041 0.20% 22,643 0.59% 150.4% Non-Current 25,209 0.56% 26,107 0.68% 3.6% Loans and Financing 13,433 0.30% 13,780 0.36% 2.6% Leasing Contracts 218 0.00% 0 0.00% (100.0%) Provision for Labor, Tax, and Civil Risks 9,961 0.22% 11,146 0.29% 11.9% Other Accounts Payable 1,597 0.04% 1,181 0.03% (26.0%) Shareholders’ Equity 3,153,958 70.07% 3,211,205 84.02% 1.8% Share Capital 2,882,488 64.04% 2,882,488 75.41% 0.0% Capital Reserves 7,925 0.18% 4,284 0.11% (45.9%) Profit Reserves 250,076 5.55% 315,828 8.28% 26.3% Other Comprehensive Income 13,469 0.30% 8,599 0.22% (36.2%) Retained Earnings 0 0.00% 6 0.00% 0.0% Total Liabilities and Equity 4,501,382 100.00% 3,822,330 100.00% (15.1%)
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Page 22 of 23 PRESS RELEASE 3Q26 & 1H26 Appendix III – Consolidated Profit and loss account (R$ thousands) Consolidated Income Statement 2Q25 % Net Revenue 2Q26 % Net Revenue Variation % 2Q26 / 2Q25 Gross Sales and Services Revenue 756,159 136.2% 731,849 132.4% (3.2%) Domestic Market 572,492 103.1% 544,005 98.4% (5.0%) Exports 183,667 33.1% 187,844 34.0% 2.3% Deductions from Sales (200,883) (36.2%) (179,010) (32.4%) (10.9%) Sales Returns and Sales Taxes (139,620) (25.1%) (136,179) (24.6%) (2.5%) Discounts Given to Clients (61,263) (11.0%) (42,831) (7.7%) (30.1%) Net Operating Revenue Services (NOR) 555,276 100.0% 552,839 100.0% (0.4%) Cost of Goods Sold (322,129) (58.0%) (318,381) (57.6%) (1.2%) Gross Profit 233,147 42.0% 234,458 42.4% 0.6% Operational Revenue (expenses) (187,800) (33.8%) (224,741) (40.7%) 19.7% Selling Expenses (188,042) (33.9%) (183,528) (33.2%) (2.4%) General and Administrative Expenses (40,785) (7.3%) (34,931) (6.3%) (14.4%) Other Operating Revenues 1,789 0.3% 2,376 0.4% 32.8% Other Operating Expenses (18,846) (3.4%) (8,834) (1.6%) (53.1%) Equity Method Results 58,084 10.5% 176 0.0% (99.7%) EBIT (Operating Income before Financial Results and Taxes) 45,347 8.2% 9,717 1.8% (78.6%) Financial Income 111,228 20.0% 80,592 14.6% (27.5%) Financial Expenses (26,491) (4.8%) (24,757) (4.5%) (6.5%) Financial Result 84,737 15.3% 55,835 10.1% (34.1%) Profit Before Income Tax 130,084 23.4% 65,552 11.9% (49.6%) Income Tax and Social Contribution Tax 13,491 2.4% 23,856 4.3% 76.8% Current 11,156 2.0% 25,673 4.6% 130.1% Deferred 2,335 0.4% (1,817) (0.3%) (177.8%) Net Profit for the Period 143,575 25.9% 89,408 16.2% (37.7%) Consolidated Income Statement 1H25 % Net Revenue 1H26 % Net Revenue Variation % 1H26 / 1H25 Gross Sales and Services Revenue 1,461,592 130.6% 1,414,811 130.2% (3.2%) Domestic Market 1,092,238 97.6% 1,055,751 97.2% (3.3%) Exports 369,354 33.0% 359,060 33.0% (2.8%) Deductions from Sales (342,492) (30.6%) (328,129) (30.2%) (4.2%) Sales Returns and Sales Taxes (254,213) (22.7%) (246,369) (22.7%) (3.1%) Discounts Given to Clients (88,279) (7.9%) (81,760) (7.5%) (7.4%) Net Operating Revenue Services (NOR) 1,119,100 100.0% 1,086,682 100.0% (2.9%) Cost of Goods Sold (622,439) (55.6%) (622,151) (57.3%) 0.0% Gross Profit 496,661 44.4% 464,531 42.7% (6.5%) Operational Revenue (expenses) (403,486) (36.1%) (413,253) (38.0%) 2.4% Selling Expenses (344,015) (30.7%) (325,485) (30.0%) (5.4%) General and Administrative Expenses (72,406) (6.5%) (68,081) (6.3%) (6.0%) Other Operating Revenues 3,184 0.3% 4,413 0.4% 38.6% Other Operating Expenses (46,835) (4.2%) (25,904) (2.4%) (44.7%) Equity Method Results 56,586 5.1% 1,804 0.2% (96.8%) EBIT (Operating Income before Financial Results and Taxes) 93,175 8.3% 51,278 4.7% (45.0%) Financial Income 230,706 20.6% 184,482 17.0% (20.0%) Financial Expenses (57,872) (5.2%) (55,542) (5.1%) (4.0%) Financial Result 172,834 15.4% 128,940 11.9% (25.4%) Profit Before Income Tax 266,009 23.8% 180,218 16.6% (32.3%) Income Tax and Social Contribution Tax (9,070) (0.8%) 11,328 1.0% (224.9%) Current (8,458) (0.8%) 13,927 1.3% (264.7%) Deferred (612) (0.1%) (2,599) (0.2%) 324.7% Net Profit for the Period 256,939 23.0% 191,546 17.6% (25.5%)
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Page 23 of 23 PRESS RELEASE 3Q26 & 1H26 Appendix IV– Consolidated Statement of Cash Flow (R$ thousands) Consolidated Cash Flow June 30, 2025 June 30, 2026 Net Cash Generated by Operating Activities 510,673 336,359 Cash Generated in Operations 132,601 137,414 Net Profit for the Period 256,939 191,546 Equity-Accounted Earnings (56,586) (1,804) Depreciation and Amortization 51,330 49,537 Residual Value of Disposed PP&E and Intangible Assets 13,200 1,819 Lease Write-Off Amount (2,301) (92) Deferred Income Tax and Social Contribution Tax 612 2,599 Stock Option or Share Subscription Plan 3,448 3,990 Result from the sale of shares – Stock Option Plan 0 (2,683) Items Reducing Accounts Receivable from Clients (12,768) (36,814) Provisions for Obsolete Inventory 6,266 (1,456) Provision for Labor, Tax, and Civil Risks 4,165 10,765 Interest Expense on Loans, Financings and Leasing Contracts 662 841 Interest Revenue on Cash Investments (112,254) (73,480) Fair Value of Financial Instruments 2,068 2,937 Net Foreign Exchange Variations (22,180) (10,291) Variations in Assets and Liabilities: 378,526 198,945 Trade Receivables 406,107 280,714 Inventories (29,307) (54,170) Tax Credits 43,137 6,860 Other Receivables (34,334) (72,753) Suppliers 12,308 25,093 Salaries and Related Charges Payable (907) 15,917 Taxes, Fees, and Contributions 4,656 2,825 Advances from Clients (16,168) (1,080) Other Accounts Payable (6,966) (4,461) Income tax and Social Contribution Tax Payable (454) 0 Net Cash (Used in) Generated by Investing Activities (241,505) 590,225 Capital Integrations (31,990) (50,177) Capital Reductions 958 161 Acquisitions of Fixed and Intangible Assets (74,592) (48,516) Cash Investments (1,986,011) (830,000) Redemption of Cash Investments 1,676,761 1,421,013 Interest Received on Cash Investments 173,369 97,744 Net Cash Generated by (Used in) Financing Activities (265,163) (909,429) New Loans, financings and leasing contracts 263,749 257,926 Payments of Loans, Financings and Leasing Contracts (239,482) (224,868) Interest paid on Loans, Financings and Leasing Contracts (169) (378) Pay Dividends (178,106) (826,817) Interest on Equity Paid (110,000) (112,000) Acquisition of Treasury Shares (4,836) (9,046) Sale of treasury shares through exercise of purchase options 3,681 5,754 Increase (decrease) in Cash Equivalents 4,005 17,155 Initial Balance of Cash and Equivalents 76,109 70,158 Final Balance of Cash and Equivalents 80,114 87,313