Earnings release
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earnings release 3Q26 1 Earnings Release 3Q26 October 28th 2026
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earnings release 3Q26 2 3Q26 EARNINGS RELEASE Intelbras generates consolidated net revenue of R$1,176,541 thousand and Net Income of R$177,053 thousand in the quarter. São José (SC), October 27th, 202 6 – Intelbras S.A. – Indústria de Telecomunicação Eletrônica Brasileira (“Intelbras” or “Company”) announces its consolidated results for the quarter ended September 30th, 2026. The figures presented herein are compared with those for the quarters ended September 30 th, 2025, and June 30th, 2026, unless otherwise stated. The accounting balances presented in this report were extracted from financial information prepared in accordance with Brazilian corporate law and accounting practices adopted in Brazil, already aligned with international account ing standards (IFRS). Non‑accounting measures are presented in accordance with commonly accepted market practices. 3Q26 Highlights Net Operating Revenue was R$1,176,541 thousand in the quarter, representing an increase of 2.4% compared to 2Q26 and an increase of 4.6% compared to the same period of the previous year. Our EBITDA reached R$170,123 thousand, an increase of 0.7% compared to the previous quarter, representing an EBITDA margin of 14.5%, a decrease of 0.2 percentage points compared to the margin recorded in 2Q26 , and an 18.1% increase compared to 3Q25 . The Company's consolidated ROIC (pre -tax) measured over the last four quarters was 20.0%, representing a positive variation of 1.2 p.p. compared to 2Q26 and 5.5 p.p. compared to 3Q25 . Our Net Income for the quarter was R$177,053 thousand, with a net margin of 15.0% , representing growth of 19.7% compared to the same period of the previous year and 11.8% on a sequential basis. Net margin reached 15.0%, an expansion of 1.9 p.p. year over year and 1.3 p.p. compared to 2Q26. Management Message This third quarter confirms that the Company is on the right route , with growth in three KPIs: revenue , EBITDA and return on invested capital. The year 2026 has been executed as planned, with the Company’s performance consistent with the recent decisions. The evolution of the businesses also reflects the challenging demand environment, with cautious customers, who have postponed decisions, reduc ed the scope of projects , execut ed them in stages and , in some cases , migrated to more affordable solutions. Net Operating Revenue growth of 4.6% compared to 3Q25 and 2.4% compared to 2Q26 is related to this scenario. On the other hand, EBITDA advanced 18.1% year over year and, combined with the evolution of return on invested capital, which reached 20.0%, reflec ts our operating discipline and the prioritization of businesses with greater capacity to generate value. In Security, we maintained a positive momentum , supported by its broad portfolio and the growth of categories with rapidly developing markets , such as IP solutions, digital locks and access control. In ICT, structured cabling and enterprise networks remained important positive drivers, while we advanced in discontinuing the GPON line. In Energy, we continued to prioritize profitability and retu rn on capital in the Solar Energy business, while our UPS and EV Chargers increased their relevance in the portfolio.
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earnings release 3Q26 3 We kept our discipline in managing operating expenses, preserving the necessary investments for product development, commercial execution and the preparation of new growth avenues. We are also improving our customer journey - oriented commercial model , seeking to strengthen our proximity to distributors and resellers, expand cross - sell opportunities and increase the efficiency of delivering integrated solutions through our channels . Following the significant normalization of inventory levels observed in previous periods, additional working capital gains became more marginal. At the same time, we advanced investments related to the industrial expansion in the Manaus Free Trade Zone, the Company’s current major expansion project, which will provide greater operational efficiency and flexibility . O nce again, we maintained positive free cash flow generation during the period . We remain confident and continue to invest in categories with greater growth potential, in the technological upgrade of the installed base and in the expansion of our integrated solutions offer. We will continue to conduct our decision - making with discipline , prioritizing profitability and return on capital, while accelerating investments capable of supporting value creation over the short and long term for our shareholders, customers and employees. Main financial indicators R$ thousands (except where indicated) 3Q26 2Q26 ∆% 3Q25 ∆% Net operating revenue 1,176,541 1,149,034 2.4% 1,124,689 4.6% Gross profit 384,284 380,226 1.1% 347,092 10.7% Gross Margin 32.7% 33.1% -0.4p.p 30.9% +1.8p.p EBITDA 170,123 168,880 0.7% 144,049 18.1% EBITDA Margin 14.5% 14.7% -0.2p.p 12.8% +1.7p.p Net income 177,053 158,302 11.8% 147,904 19.7% Net Margin 15.0% 13.8% +1.3p.p 13.2% +1.9p.p ROIC (pre-tax) 20.0% 18.8% +1.2p.p 14.5% +5.5p.p Net operating revenue The Company recorded Net Operating Revenue of R$1,176,541 thousand in 3Q26, growth of 2.4% compared to 2Q26 and 4.6% compared to 3Q25. Performance is in line with expectations for the period and with business dynamics observed across the end markets . Compared to 3Q25, revenue grew in all three business segments, with positive sequential performance versus 2Q26 in the Security and Energy segments. On the other hand, due to the lower contribution from the GPON line, the ICT segment reported a decline in revenue, a performance within the Company’s expectations.
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earnings release 3Q26 4 Gross Profit Gross profit totaled R$384,284 thousand in 3Q26, growth of 1.1% compared to 2Q26 and 10.7% compared to 3Q25. Gross margin reached 32.7%, a decrease of 0.4 percentage point sequentially and an increase of 1.8 percentage points over the same period of the pr evious year. On a sequential basis , the decrease in gross margin reflects the gradual incorporation of higher replacement costs into the average cost of inventories and, consequently, into cost of goods sold. Compared with the same period of the previous year, the highlight is the 10.7% growth in gross p rofit, 6.1 p.p. higher than the Net Operating Revenue growth , supported by the price adjustments implemented since the beginning of the year and by a business mix more favorable to profitability, as already observed throughout this fiscal year and presented in the table below: Operating Expenses Operating expenses totaled R$242,741 thousand in 3Q26, an increase of 1.0% compared to the previous quarter and 4.2% compared to 3Q25. Expense growth remained below the growth in Net Operating Revenue in both comparison bases, in line with the Company’s pl an. R$ thousands (except where indicated) 3Q26 2Q26 ∆% 3Q25 ∆% Selling expenses (157,102) (157,105) 0.0% (150,887) 4.1% General and administrative expenses (78,145) (74,861) 4.4% (71,767) 8.9% Other operating income (expenses), net (7,494) (8,363) -10.4% (10,320) -27.4% Total (242,741) (240,329) 1.0% (232,974) 4.2% This performance reflects continued discipline in managing total expenses, even with the higher level of commercial activity characteristic of the second half, preserving the investments needed to execute the strategy and develop the Company’s growth avenues. EBITDA The evolution of operating results was reflected in EBITDA, which reached R$170,123 thousand in 3Q26, an increase of 0.7% compared to 2Q26 and 18.1% compared to 3Q25. EBITDA margin was 14.5%, with a 0.2 p.p. decrease sequentially and a 1.7 p.p. expansion c ompared to the same period of 2025, as shown in the table below: R$ thousands (except where indicated) 3Q26 2Q26 ∆% 3Q25 ∆% Net operating revenue 1,176,541 1,149,034 2.4% 1,124,689 4.6% Cost of sales and services (792,257) (768,808) 3.1% (777,597) 1.9% Gross profit 384,284 380,226 1.1% 347,092 10.7% Gross margin 32.7% 33.1% -0.4p.p 30.9% +1.8p.p
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earnings release 3Q26 5 R$ thousands (except where indicated) 3Q26 2Q26 ∆% 3Q25 ∆% Net operating revenue 1,176,541 1,149,034 2.4% 1,124,689 4.6% Gross profit 384,284 380,226 1.1% 347,092 10.7% (-) SG & A expenses (242,741) (240,329) 1.0% (232,974) 4.2% (+) Depreciation 18,216 17,440 4.4% 17,030 7.0% (+) Amortization 10,364 11,543 -10.2% 12,901 -19.7% EBITDA 170,123 168,880 0.7% 144,049 18.1% % EBITDA 14.5% 14.7% -0.2p.p 12.8% +1.7p.p Sequentially, the growth in gross profit and the slight dilution of operating expenses relative to revenue contributed to keeping the EBITDA margin close to that of the previous quarter, partially offsetting the decrease in gross margin during the period. On a year - over - year basis , the revenue mix , weighted toward higher - margin businesses, combined with disciplined expense management, allowed EBITDA growth to outpace Net Operating Revenue growth during the period. Financial Results Net financial result totaled R$38,662 thousand in 3Q26, an increase of 29.9% sequentially and 31.6% compared to the same period of the previous year. Performance was driven mainly by higher finance income, which reached R$81,275 thousand, primarily reflecting the Company’s higher cash position and the returns earned on its cash balances . Finance costs changed by +6.7% compared to 2Q26 and +4.1% compared to 3Q25, mainly due to the effect of Present Value Adjustment (PVA) arising from the growth in trade payables. Net foreign exchange variation had a negative impact of R$7,025 thousand in th e quarter, in line with the Company’s hedging policy, as presented below: R$ thousands (except where indicated) 3Q26 2Q26 ∆% 3Q25 ∆% Finance income 81,275 69,425 17.1% 66,377 22.4% Finance costs (35,588) (33,351) 6.7% (34,189) 4.1% Exchange gains (losses), net (7,025) (6,303) 11.5% (2,814) 149.6% Total 38,662 29,771 29.9% 29,374 31.6%
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earnings release 3Q26 6 Net Income Net income totaled R$177,053 thousand in 3Q26, an increase of 11.8% compared to the previous quarter and 19.7% compared to 3Q25. Net margin was 15.0%, expanding 1.3 p.p. sequentially and 1.9 p.p. compared to the same period of the previous year. The improvement in earnings during the quarter confirms that operating profitability remained at a high level throughout the year. In both the sequential and annual comparisons, net income grew faster than Net Operating Revenue, due to the disciplined operating management and the Company’s capital structure. ROIC (pre-tax) Return on invested capital has also improve d during the quarter, with ROIC (pre - tax) reaching 20.0%, an increase of 1.2 p.p. compared to 2Q26 and 5.5 p.p. compared to 3Q25. The evolution of the indicator reflects growth in operating income accumulated over the last 12 months, combined with a reduction in invested capital, driven by stronger cash generation and the continued reduction in working capital needs . The performance reinforces the recovery trend observed in recent quarters and remains aligned with the Company’s priority of increasing efficiency in capital allocation and directing resources to businesses and initiatives with greater profitability and re turn potential. R$ thousands (except where indicated) 3Q26 2Q26 ∆% 3Q25 ∆% Operating profit before finance income (costs) LTM (a) 541,818 514,393 430,918 Income tax and social contribution LTM (24,342) (16,778) 30,994 NOPAT LTM (b) 517,476 497,615 4.0% 461,912 12.0% Net (cash)/debt (680,265) (585,061) (210,996) Equity 3,389,643 3,325,162 3,177,662 Capital employed (c) 2,709,378 2,740,101 -1.1% 2,966,666 -8.7% ROIC Pre-tax (a)/(c) 20.0% 18.8% +1.2p.p 14.5% +5.5p.p NOTE: LTM refers to the sum of the last 12 months. Business Segments Evolution The Company’s businesses evolve d as expected, with consolidated revenue growing 2.4% sequentially , driven by the Security segment, and growth of 4.6% compared to the third quarter of 2025. All three segments maintained their proportion in our revenues compared to the same period of the previous year, and Security remains the most relevant segment, representing 63% of consolidated net operating revenue, as shown in the chart below.
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earnings release 3Q26 7 The table below presents the revenue performance of each segment compared to the same period of the previous year : R$ thousands (except where indicated) 3Q26 3Q25 ∆% Intelbras 1,176,541 1,124,689 4.6% Security 741,376 702,350 5.6% ICT 257,385 248,806 3.4% Energy 177,780 173,533 2.4% Security With revenue reflect ing current market dynamics , the Security segment grew in line with the sell - out performance observed across distribution channels . We highlight the increase in access controller volumes , a category that has been gaining market share, as well as the significant acceleration in digital locks following the launch of the new portfolio . On a year - to - date basis, the segment’s net operating revenue grew 5.7% compared to 9M25 , in line with business expectations and general market conditions . Gross margin contracted sequentially during the quarter but increased 1.2 p.p. compared to 3Q25, while gross profit increased 9.5% year over year . This performance reflects the Company’s ability to implement price adjustments in its core business segment . ICT The ICT segment continued the previously announced discontinuation of the GPON line . As a result , despite reporting 3.4% year - over - year growth in net operating revenue, t he segment recorded a 9.2% sequential decline compared to 2Q26 . On the other hand, a revenue mix comprising more profitable business lines delivered gross profit 13.8% higher than in the same period of the previous year, confirming the soundness of the strategy of prioritizing more profitable businesses. During the period, structured cabling remained the main highlight , with the Tubarão (SC) plant operating consistently, maintaining product quality and delivering operating results above expectations . 63%22% 15% 3Q26 63%22% 15% 3Q25
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earnings release 3Q26 8 Regarding gross margin, even with rising costs, a further improvement was recorded compared to the second quarter, due to (i) the favorable momentum of the structured cabling portfolio and (ii) the segment’s new revenue mix . Energy The Energy segment re sumed growth in the third quarter, after a period of accommodation in its revenues caused by the decision made in 2025 to discontinue operations in large - scale S olar E nergy projects and by the incremental focus on profitability in the solar microgeneration market , rather than pursuing market share gains. This strategy has been implemented over the past four quarters, and the segment’s new revenue base became more evident during the period. Sequential growth was driven by the development of the UPS and EV Chargers businesses, continuing the trend observed in the first half of the year . The variation in gross margin was in line with expectations for the period , mainly reflecting the incorporation of higher replacement costs into the average cost of inventories , following the entry of new materials . Cash and Debt Position The Company ended 3Q26 with R$1,556,179 thousand in cash and cash equivalents, an increase of R$110,947 thousand compared to 2Q26 . Cash generation from operating activities totaled R$252,082 thousand in the quarter, supported by the continued reduction of inventories and the increase in trade payables, partially offset by the increase in working capital allocated to accounts receivable . Investing activities required R$46,209 thousand, mainly due to the execution of the Company’s investment plan. In financing activities, the net outflow was R$95,149 thousand, influenced mainly by the payment of dividends and by commitments related to loans and financing. Even after th ese movements, operating cash generation supported the increase in available cash in the period. R$ thousands (except where indicated) 3Q26 2Q26 ∆ R$ 3Q25 ∆ R$ Cash and cash equivalents at the beginning of the quarter 1,445,232 1,303,137 142,095 825,649 619,583 Net cash generated by operating activities 252,082 317,872 (65,790) 480,263 (228,181) Net cash used in investing activities (46,209) (43,769) (2,440) (25,644) (20,565) Net cash provided by (used in) financing activities (95,149) (131,824) 36,675 (40,545) (54,604) Exchange rate variation 223 (184) 407 - 223 Cash and cash equivalents at the end of the quarter 1,556,179 1,445,232 110,947 1,239,723 316,456 The following chart illustrates the evolution of cash this quarter :
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earnings release 3Q26 9 Gross debt ended 3Q26 at R$875,914 thousand, an increase of R$15,743 thousand compared to the previous quarter, reflecting movements across the Company’s different financing lines. In the same period, net cash increased from R$585,061 thousand to R$680,265 thousand, keeping the Company in an adequate liquidity position to fund its operations and investments. The following table details debt by financial institution: 09/30/2026 06/30/2026 12/31/2025 INSTITUTIONS Principal + Interest Movement Principal + Interest Movement Principal + Interest BNDES 331,276 5,843 325,433 1,981 323,452 FINEP 138,079 (7,957) 146,036 28,937 117,099 Debentures 372,502 13,871 358,631 (52,068) 410,699 Private banks and Credit Cooperatives 34,057 3,986 30,071 9,396 20,675 Total Loans 875,914 15,743 860,171 (11,754) 871,925 * NOTE: values in R$ thousands CAPEX In 3Q26, the Company kept invest ing according to its expansion plan, highlighting the progress of construction works at the new industrial facility in Manaus (AM) . The project will expand production capacity and provide greater operational flexibility and efficiency, supporting portfolio development and the future needs of the Company business es . In parallel, the Company maintained investments aimed at modernizing and supporting its operating structure , including machinery, equipment, technology and upgrades across its facilities . The se investments continue to progress in line with the respective project schedules. CAPEX evolution is presented below:
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earnings release 3Q26 10 Perspectives As we approach the end of 2026, we expect the trajectory observed throughout the year to continue, supported by the execution of our ongoing strategies and by operational and financial discipline. The market environment remains challenging, with customers taking a more selective approach to consumption and investment decisions , and with no signs of a meaningful recovery in demand in the short term. Nevertheless , the results achieved demonstrate the Company’s ability to deliver profitable growth in this scenario. We will therefore continue to prioritize business efficiency, discipline d capital allocation and the development of categories offering greater growth and return potential. In parallel, we will make further progress in executing our strategic projects, including the construction of the new industrial facility in Manaus (AM) . Th is initiative will proceed in accordance with the established schedule and the Company’s capital allocation criteria, while preserving the flexibility required to adjust the pace of investments as business and market conditions evolve . The Company has begun the 2027 budget ing process , taking a prudent approach to assessing developments across its markets and different scenarios for the main macroeconomic and operating variables. The plan maintains as priorities the evolution of current businesses, the development of growth avenues, the execution of strategic investments and the preservation of cash generation capacity and return on invested capital . We remain attentive to market conditions and prepared to adjust the pace of our initiatives as demand evolves. We will remain focused on strengthening our relationships with ou r channels and customers, expanding our integrated solutions offer and building an increasingly efficient operation, prepared to support the Company’s long - term growth. Earnings The Board of Directors approved on September 16th, 2026, the declaration and payment of Interest on Equity, as presented in the approved financial information and duly informed in the respective "Notices to Shareholders" published on September 16th, 2026. 28 68 75 71 12 35 53 82 9 34 53 62 9 16 26 24 168 203 145 33 71 104 139 18 25 32 38 2 44 8152 236 278 216 45 106 157 221 27 59 85 100 11 60 107 2020 2021 2022 2023 1Q24 6M24 9M24 2024 1Q25 6M25 9M25 2025 1Q26 6M26 9M26 CAPEX Growth (In million R$) Maintenance Expansion
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earnings release 3Q26 11 The payment of the proceeds to shareholders will be made as of March 15th, 2027, without any remuneration as monetary adjustment. The table below summarizes the payment of these proceeds: Earnings Gross amount Gross amount per share Base Date Payment Date IoE R$20,000,000.00 R$0.06112261897 09/21/2026 03/15/2027 Earnings Conference 3Q26 October 29 th 202 6 at 11 h 00 BRT https://tenmeetings.com.br/ten - events/#/webinar?evento=ConferenciadeResultadosIntelbras - 3T26_568
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earnings release 3Q26 12 Statements of income 3Q26 2Q26 3Q25 Net operating revenue 1,176,541 1,149,034 1,124,689 Cost of sales and services (792,257) (768,808) (777,597) Gross profit 384,284 380,226 347,092 Operating income (expenses) Selling expenses (157,102) (157,105) (150,887) General and administrative expenses (78,145) (74,861) (71,767) Employee profit sharing - - - Share of profit (loss) of subsidiaries - - - Other operating (expenses) income, net (7,494) (8,363) (10,320) (242,741) (240,329) (232,974) Operating profit before finance income (costs) 141,543 139,897 114,118 Finance income 81,275 69,425 66,377 Finance costs (35,588) (33,351) (34,189) Exchange gains (losses), net (7,025) (6,303) (2,814) Profit before taxes 180,205 169,668 143,492 Current income tax and social contribution (3,984) 3,525 (3,022) Deferred income tax and social contribution 832 (14,891) 7,434 Net income 177,053 158,302 147,904 Statements of income 9M26 9M25 ∆% Net operating revenue 3,436,213 3,292,404 4% Cost of sales and services (2,330,668) (2,308,415) 1% Gross profit 1,105,545 983,989 12% Operating income (expenses) Selling expenses (454,778) (452,823) 0% General and administrative expenses (221,148) (192,825) 15% Employee profit sharing - - Share of profit (loss) of subsidiaries - - Other operating (expenses) income, net (20,573) (45,961) -55% (696,499) (691,609) 1% Operating profit before finance income (costs) 409,046 292,380 40% Finance income 215,711 168,236 28% Finance costs (104,523) (114,604) -9% Exchange gains (losses), net (19,773) (16,089) 23% Profit before taxes 500,461 329,923 52% Current income tax and social contribution (5,917) (11,369) -48% Deferred income tax and social contribution (6,099) 27,239 -122% Net income 488,445 345,793 41%
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earnings release 3Q26 13 Balance Sheet 09/30/2026 06/30/2026 09/30/2025 Assets Current assets Cash and cash equivalents 1,556,179 1,445,232 1,239,723 Securities 77 10 15,410 Trade receivables 1,338,953 1,260,625 1,169,876 Inventories 1,182,206 1,229,597 1,515,470 Recoverable taxes 127,497 150,890 140,245 Derivative financial instruments - 426 - Other receivables 24,150 19,075 29,335 Total current assets 4,229,062 4,105,855 4,110,059 Noncurrent assets Securities - - - Trade receivables 27,035 22,058 15,215 Escrow deposits 988 885 5,335 Deferred taxes 97,075 96,131 110,569 Recoverable taxes 53,928 52,190 57,776 Related parties - - - Other receivables 17,344 3,332 756 Investments 7,097 7,416 6,727 Rights of use 12,226 14,331 18,018 Property, plant and equipment 735,653 699,309 689,668 Intangible assets 525,925 550,154 577,246 Total noncurrent assets 1,477,271 1,445,806 1,481,310 Total assets 5,706,333 5,551,661 5,591,369
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earnings release 3Q26 14 Liabilities Current liabilities Trade payables 746,534 609,546 707,910 Trade payables - supplier finance arrangements 298,164 369,207 202,374 Borrowings and financing 281,650 263,562 333,683 Leases 6,362 7,709 9,917 Derivative instruments 16 - 23,633 Payroll, related taxes and profit sharing 133,529 144,811 134,362 Taxes payable 51,521 44,180 48,949 Provision for warranties 26,219 24,694 26,524 Provision for tax, labor and civil risks 2,195 2,233 2,248 Payables for acquisition of businesses 819 819 12,796 Commission payable - - - Interest on capital/dividends 16,722 - - Other payables 80,800 86,792 118,559 Total current liabilities 1,644,531 1,553,553 1,620,955 Noncurrent liabilities Trade payables - - - Borrowings and financing 594,264 596,609 695,044 Leases 6,941 7,772 9,273 Taxes payable 5,526 2,965 2,547 Provision for warranties 30,351 30,351 40,125 Provision for tax, labor and civil risks 16,298 15,718 20,028 Investments in negative equity - - - Payables for acquisition of businesses 10,690 10,877 12,430 Other payables 8,089 8,654 13,305 Total noncurrent liabilities 672,159 672,946 792,752 Equity Share Capital 2,000,000 2,000,000 2,000,000 Share issuance costs (26,701) (26,701) (26,701) Treasury shares (5,368) (5,368) (3,584) Additional dividends proposed - - - Profit reserves 1,000,730 1,020,730 907,157 Valuation adjustments to equity (1,290) (1,268) (1,195) Cumulative translation adjustments 4,107 3,564 1,883 Retained earnings 394,771 311,592 276,820 Equity attributable to owners of the Company 3,366,249 3,302,549 3,154,380 Non-controlling interests 23,394 22,613 23,282 Total liabilities and equity 5,706,333 5,551,661 5,591,369
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earnings release 3Q26 15 Cash Flow 09/30/2026 06/30/2026 09/30/2025 Cash flows from operating activities Profit before taxes 500,461 320,256 329,923 Adjustments to: Accrued interest and exchange differences 46,119 18,594 (14,428) Depreciation 53,072 34,856 50,288 Amortization 33,156 22,792 36,889 Share of profit (loss) of subsidiaries - - - Provision for tax, labor and civil risks (858) (1,515) 6,458 Allowance for expected credit loss 23,890 17,542 22,594 Allowance for inventory losses 37,768 26,731 40,415 Tax credits (102,401) (67,688) (95,849) Present value adjustment 69,882 2,153 (22,388) Accrued trade discounts 1,441 1,001 2,329 Provision for warranties (2,922) (4,447) (1,443) Derivative instruments 2,665 2,410 50,732 Writing off financial liabilities - - - Result in the write-off of leases, fixed assets and intangibles 32,729 12,496 4,179 Result in the write-off of inventories 38,176 23,687 - 733,178 408,868 409,699 Changes in assets and liabilities (Increase) decrease in trade receivables (291,701) (134,313) 37,293 (Increase) decrease in inventories 217,887 196,118 234,381 (Increase) decrease in recoverable taxes 117,978 61,610 100,746 (Increase) decrease in escrow deposits 2,317 2,420 (215) (Increase) decrease in other assets (26,281) (7,104) 8,161 Increase (decrease) in trade payables and supplier finance arrangements 7,618 (42,265) (221,879) Increase (decrease) in payroll, related taxes and profit sharing 24,187 35,469 12,574 Increase (decrease) in taxes payable 16,493 13,456 4,240 Increase (decrease) in other payables (29,881) (23,470) (3,688) Income tax and social contribution paid (18,548) (9,624) (9,514) Net cash provided by (used in) operating activities 753,247 501,165 571,798 Cash flows from investing activities Acquisition of investments in subsidiaries (net of cash and cash equivalents acquired) - - - Acquisition of property, plant and equipment items (90,559) (49,270) (53,515) Acquisition of intangible assets (16,161) (10,922) (31,075) Capital increase in subsidiaries - - - (Acquisition) or losses on investments - - - Dividends received - - - Cash from business combinations - - - Acquisition (write-off) of other investments 303 (16) (878) Redemption of securities linked to obligations from business acquisitions 12,806 12,806 - Payment for business acquisitions (principal) (7,549) (7,549) -
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earnings release 3Q26 16 Net cash used in investing activities (101,160) (54,951) (85,468) Cash flows from financing activities Borrowings (net of debenture issuance costs) 177,825 112,842 206,406 Borrowings paid (principal) (200,527) (132,461) (127,695) Borrowings paid (interest) (44,613) (39,985) (44,186) Borrowings paid (derivatives) - - - Payment of lease (principal) (6,760) (4,545) (5,116) Payment of lease (finance charges) (994) (706) (1,051) Payment for business acquisitions (principal) - - - Payment for business acquisitions (interest) (5,283) (5,283) - Share Buyback Program (938) (938) (2,851) Payment of dividends – noncontrolling interests (496) (496) (863) Capital increase - - - Issuance of shares - - - Dividends paid (84,935) - (159,220) Interest on capital paid - - - Net cash provided by (used in) financing activities (166,721) (71,572) (134,576) Effect of exchange rate changes on cash and cash equivalents 39 (184) - Increase in cash and cash equivalents, net 485,405 374,458 351,754 Cash and cash equivalents at the beginning of the year 1,070,774 1,070,774 887,969 Cash and cash equivalents at the end of the year 1,556,179 1,445,232 1,239,723
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17 Investor Relations ri.intelbras.com.br ri@intelbras.com.br intelbras.com.br