Slides
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2Q26 Earnings Release July 30th 2026
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Disclaimer This presentation was prepared as a supporting document for the conference call on the results of Intelbras S.A. Indústria de Telecomunicação Eletrônica Brasileira (“Intelbras” or “Company”). This presentation should not be considered a complete document and should be analyzed together with the other documents made available by the Company. Any forecasts contained in this document or any statements that may be made during the conference call about future events, business perspectives, among others, constitute mere beliefs and expectations of Intelbras Management, based on information currently available, considering market analysis and economic environment. Such statements involve risks and uncertainties and, therefore, depend on circumstances that may or may not occur. Investors should understand that general economic, industry conditions and other operating factors may affect Intelbras' future performance and lead to results that differ materially from those expressed in such forward-looking statements. The information and opinions contained herein should not be understood as a recommendation to potential investors and any investment decision should be based on the veracity, timeliness and / or completeness of that information or opinions. This material has been updated to the present date and the Company does not undertake to update it with new information and / or future events.”
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Agenda 1 Financial Review 2 Net Revenue & EBITDA Evolution 3 Consolidated Gross Profit 4 Business Segments Performance 5 Cash Evolution 6 Capex 7 Perspectives
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Highlights 2Q26 Net Revenue (R$ thousand) EBITDA (R$ thousand) Net income (R$ thousand) ROIC (pre-tax) R$ 1,149,034 -7.8%2Q26/2Q25 R$ 168,880 9.4% 2Q26/2Q25 R$ 158,302 16.1%2Q26/2Q25 18.8% +5.2 p.p2Q26/2Q25 3.5%2Q26/1Q26 3.4%2Q26/1Q26 8.1% 2Q26/1Q26 +1.1 p.p2Q26/1Q26
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Highlights 2Q26 Gross Margin 33.1% +3.8p.p 2Q26/2Q25 +2.4p.p 2Q26/1Q26 Net Margin 13.8% +2.8p.p 2Q26/2Q25 0.0p.p 2Q26/1Q26 EBITDA Margin 14.7% +2.3p.p 2Q26/2Q25 +0.6p.p 2Q26/1Q26
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Net Revenue (R$ thousand) 2Q25 2Q26
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Non-recurring revenue EBITDA (R$ thousand) 2Q25 2Q26
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EBITDA (R$ thousand) Stable expenses YoYImprovement supported by gross margin expansion 12.4% 14.7%
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Consolidated Gross Profit Expanded gross margin due to “replacement-cost” pricing Business mix contributes to better profitability
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PVA R$ thousand 2Q25 3Q25 4Q25 1Q26 2Q26 Net Revenue 1,246,448 1,124,689 1,167,975 1,110,638 1,149,034 COGS (880,767) (777,597) (809,383) (769,603) (768,808) Gross Margin 29.3% 30.9% 30.7% 30.7% 33.1% Revenue PVA (28,401) (26,467) (27,212) (26,786) (25,303) COGS PVA 8,704 8,148 8,611 7,348 9,371 Net Revenue ex-PVA 1,274,849 1,151,156 1,195,187 1,137,424 1,174,337 COGS ex-PVA (889,471) (785,745) (817,994) (776,951) (778,179) Gross Margin ex-PVA 30.2% 31.8% 31.6% 31.7% 33.7% Impact -0.9p.p -0.9p.p -0.9p.p -1.0p.p -0.6p.p Lower PVA impact supports the gross margin expansion
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» Security • Revenue in line with sell-out, as expected for the period; • Strong 2Q25 comparison base, following ERP normalization; • 5.8% growth 1H26/1H25, in line with plan; • Margin benefited from “replacement- cost” based price adjustments, while average inventory cost increasing gradually. Net Revenue 2Q26 1Q26 ∆% 2Q25 ∆% Security 690,477 690,467 0.0% 779,068 -11.4% ICT 283,473 251,893 12.5% 264,899 7.0% Energy 175,084 168,278 4.0% 202,481 -13.5% Business Highlights 60%25% 15% 2Q26
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» ICT • QoQ and YoY growth, mainly driven by Structured Cabling; • Revenue mix with lower exposure to GPON, in line with the Company’s strategy; • Enterprise Networks evolves consistently, supported by portfolio expansion and competitiveness investments. Net Revenue 2Q26 1Q26 ∆% 2Q25 ∆% Security 690,477 690,467 0.0% 779,068 -11.4% ICT 283,473 251,893 12.5% 264,899 7.0% Energy 175,084 168,278 4.0% 202,481 -13.5% Business Highlights 60%25% 15% 2Q26
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Business Highlights Net Revenue 2Q26 1Q26 ∆% 2Q25 ∆% Security 690,477 690,467 0.0% 779,068 -11.4% ICT 283,473 251,893 12.5% 264,899 7.0% Energy 175,084 168,278 4.0% 202,481 -13.5% » Energy • Expected revenue, reflecting the new activity level in Solar Energy; • UPS and EV Chargers gained relevance in the segment’s revenue mix; • Gross margin reflected lower exposure to Solar and higher contribution from more profitable categories. 60%25% 15% 2Q26
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Cash Evolution Debt amortizations and a robust net cash position Continuous improvement in working capital, mainly through inventory financing
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• CAPEX increased in the quarter, impacted by the land acquisition in Manaus and the beginning of construction works; • Focus on expansion and operational support. CAPEX 28 68 75 71 12 35 53 82 9 34 53 62 9 16 24 168 203 145 33 71 104 139 18 25 32 38 2 44 52 236 278 216 45 106 157 221 27 59 85 100 11 60 2020 2021 2022 2023 1Q24 6M24 9M24 2024 1Q25 6M25 9M25 2025 1Q26 6M26 CAPEX Growth (In million R$) Maintenance Expansion
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Perspectives Prudence amid macroeconomic and global uncertainties Focus on revenue quality and customer proximity Commercial discipline in place, but margins may fluctuate.
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