Earnings release
Page 1
LOJAS QUERO QUERO FAZER PARTE DA SUA VIDA É TUDO PRA GENTE . 2Q26 EARNINGS RELEASE August 6 , 2026 EARNINGS WEBCAST August 7 , 2026 ( Friday ) Time : 9am ( Brasília ) | 8am ( New York ) | 1pm ( London ) Webcast access link in Portuguese ( simultaneous translation available ) Lojas Quero - Quero S.A. B3 : LJQQ3 LOJAS CONSTRUÇÃO QUERO QUERO CASA E Mais CONSTRUÇÃO CASAE mais CONSTRUÇÃO mais CONSTRUÇÃO VARIEDADE Tomais mais mais MARCAS QUALIDADE QUERO QUERO VerdeCard Cartão Quero - Quero . Pronto pra você . UMA LOJA mais COMPLETA PRA VOCÊ ! QUERO QUERO LOJAS CASAE mais CONSTRUÇÃO LOJAS QUERO QUERO Verde Card
Page 2
2Q26 2 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 6.7% GROWTH IN SAME STORE SALES (SSS) AND INCREASE OF +9,7% IN THE COMPANY’S TOTAL REVENUE. Gross Revenue, Net of Returns and Rebates increased 9.7% in 2Q26, totaling R$ 834.5 million in the quarter. Same Store Sales (SSS) indicator posted growth of +6.7% in the quarter. Opening of 3 new stores in 2Q26. Gross Profit totaled R$ 216.0 million in the quarter. EBITDA totaled R$ 32.6 million in the quarter, an increase of 12.6%. Adjusted EBITDA for Stock Option Plan (SOP) expenses, the e ffects of IFRS -16 accounting policy and non -recurring items totaled R$ 2.1 million in the same period. HIGHLIGHTS (1) Adjusted EBITDA is a non-accounting measure of the Company that corresponds to EBITDA plus non-recurring or non-operating items, deducting the impact of IFRS16/CPC06 (R2) from 2019. (2) Adjusted Net Income is a non-accounting measure that corresponds to Net Income plus non-recurring or non-operating items, deducting the impact of IFRS16/CPC06 (R2) from 2019 onwards. Consolidated Information (R$ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Gross Revenue, Net of Returns and Rebates 834.5 760.7 9.7% 1,624.6 1,525.5 6.5% Net Operating Revenue 726.3 667.5 8.8% 1,422.7 1,339.0 6.3% Gross profit 216.0 215.6 0.2% 427.5 437.6 (2.3%) Gross Margin (% Net Revenue) 29.7% 32.3% (2.6)p.p. 30.1% 32.7% (2.6)p.p. Gross Margin (% Gross Revenue) 25.9% 28.3% (2.4)p.p. 26.3% 28.7% (2.4)p.p. Operating expenses (219.2) (221.2) 0.9% (439.3) (434.7) (1.1%) EBITDA 32.6 29.0 12.6% 59.0 71.8 (17.8%) EBITDA Margin (% Net Revenue) 4.5% 4.3% 0.1p.p. 4.1% 5.4% (1.2)p.p. EBITDA Margin (% Gross Revenue) 3.9% 3.8% 0.1p.p. 3.6% 4.7% (1.1)p.p. Adjusted EBITDA¹ 2.1 2.9 (28.0%) 2.7 16.0 (83.2%) Adjusted EBITDA Margin (% Net Revenue) 0.3% 0.4% (0.1)p.p. 0.2% 1.2% (1.0)p.p. Adjusted EBITDA Margin (% Gross Revenue) 0.3% 0.4% (0.1)p.p. 0.2% 1.1% (0.9)p.p. Net Income (Loss) (51.2) (46.0) (11.3%) (112.9) (77.1) (46.4%) Net Margin (% Net Revenue) (7.0%) (6.9%) (0.2)p.p. (7.9%) (5.8%) (2.2)p.p. Net Margin (% Gross Revenue) (6.1%) (6.0%) (0.1)p.p. (6.9%) (5.1%) (1.9)p.p. Adjusted Net Income (Loss)² (30.3) (29.6) (2.4%) (65.8) (45.2) (45.5%) Adjusted Net Margin (% Net Revenue) (4.2%) (4.4%) 0.3p.p. (4.6%) (3.4%) (1.2)p.p. Adjusted Net Margin (% Gross Revenue) (3.6%) (3.9%) 0.3p.p. (4.1%) (3.0%) (1.1)p.p. Same Store Sales Growth (SSS) 6.7% (3.5%) 2.0% 4.0% 2Q26 EARNINGS RELEASE Cachoeirinha, August 6, 2026.
Page 3
2Q26 3 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 MESSAGE FROM ADMINISTRATION We reached the first half of 2026 aligned with our expectations for gradual and consistent operational growth throughout the year. Following the slowdown in demand observed during 2025, supported by market indicators, we strategically strengthened our customer service and value proposition with t he objective of gaining market share even in a challenging and highly competitive environment. This strategy is already delivering results. After the recovery in same store sales (SSS) in 4Q25, we observed further improvement in 1Q26, when, excluding produ ct categories whose demand is directly affected by higher temperatures, the remaining categories posted slightly positive performance. In 2Q26, this trend strengthened, with same store sales (SSS) increasing by 6.7%. Financial Services and Credit Card revenues continue to deliver strong growth, while we maintain credit quality under control. In a national environment marked by rising household indebtedness and delinquency, we believe our strategy of continuously refini ng our credit models, combined with an ongoing and disciplined collection process, has proven effective. As a result, the over -90-day delinquency ratio of our credit portfolio remains in line with the Company's historical levels. Pressure on the financial services margin persists, reflecting the high Selic interest rate and the resulting increase in funding costs and provisioning expenses. In addition, we adopted a more conservative approach to credit concession at the beginning of 2026. Although this decision pressures margins in the short term, it strengthens the quality of the credit portfolio and helps keep delinquency at controlled levels. Our continuous efforts to review and optimize operating expenses continue to generate increasingly tangible results. During the quarter, despite an inflationary environment and the recovery in sales growth, Operating Expenses declined by 0.9% on a nominal basis. At the same time, we continued to improve the efficiency of working capital utilization, reflecting the Company's longstanding focus on cash flow management. As in 1Q26, 2Q26 delivered operating
Page 4
2Q26 4 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 cash flow above its historical seasonal pattern, contributing to the maintenance of Adjusted Net Debt at a stable level. Despite the still challenging macroeconomic environment for the retail sector, we remain committed to our long -term strategy, focused on cash flow generation and credit portfolio quality, consistent with the Company's historical approach. We believe the re sults delivered during the first half of the year support our expectation of continued operational improvement throughout 2026, with gradual and consistent performance gains over the coming quarters.
Page 5
2Q26 5 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 CONSOLIDATED INCOME STATEMENTS OPERATING PERFORMANCE The Company ended 2Q26 with 576 stores, opening 3 new stores and ending the operations of 1 store during the quarter. Of the total 576 stores, 23 are in the traditional format, 373 are Mais Construção I, 144 are Mais Construção II and 36 are Mais Construção III. Of the 576 stores, 399 stores (69%) have more than 5 years of operation; 140 stores (24%) between 2 and 5 years; and 37 stores (7%) have up to 2 years of operation. Consolidated Income Statements (R$ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Gross Revenue, net of returns and rebates 834.5 760.7 9.7% 1,624.6 1,525.5 6.5%--Taxes (108.2) (93.3) (16.0%) (201.9) (186.6) (8.2%)0 -0 -Net operating revenue 726.3 667.5 8.8% 1,422.7 1,339.0 6.3% Goods sold 458.5 432.0 6.1% 897.2 876.2 2.4% Services rendered 267.8 235.5 13.7% 525.5 462.8 13.6%-Cost of sales and services (510.2) (451.9) (12.9%) (995.2) (901.4) (10.4%)-Gross profit 216.0 215.6 0.2% 427.5 437.6 (2.3%)-Operating income (expenses) (219.2) (221.2) 0.9% (439.3) (434.7) (1.1%) Selling expenses (156.0) (153.3) (1.8%) (305.2) (302.7) (0.8%) General and administrative expenses (67.3) (67.3) (0.1%) (135.5) (136.4) 0.7% Other operating expenses, net 4.2 (0.6) N/A 1.3 4.4 (70.0%)-Operating profit (loss) before finance income (costs), net (3.2) (5.7) 44.1% (11.8) 2.9 N/A -Finance income (costs), net (43.1) (41.0) (5.2%) (88.0) (75.5) (16.6%) Finance costs (56.3) (58.0) 2.9% (119.0) (115.0) (3.5%) Finance income 13.2 17.1 (22.5%) 31.0 39.5 (21.5%)-Profit before income tax and social contribution (46.3) (46.6) 1% (99.8) (72.6) (37.5%)-Current and deferred income tax and social contribution (4.9) 0.6 N/A (13.1) (4.5) (187.3%) Net Income (Loss) (51.2) (46.0) (11.3%) (112.9) (77.1) (46.4%) Operational Information 2Q26 2Q25 % 2Q26 vs 2Q25 Total stores 576 579 (0.5%) Rio Grande do Sul 297 303 (2.0%) Santa Catarina 84 88 (4.5%) Paraná 161 156 3.2% Mato Grosso do Sul 16 15 6.7% São Paulo 18 17 5.9% Sales area (000s m²) 378 382 (1.0%)
Page 6
2Q26 6 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 FINANCIAL PERFORMANCE Gross Revenue, Net of Returns and Rebates (Gross Revenue) Gross Revenue represented a growth of 9.7% in the quarter, totaling R$ 834.5 million. Revenue growth resulted from the positive performance of all three business activities. The Retail business activity recorded an 8.0% increase compared to 2Q25, representing 67.4% of total revenues in the quarter. Same Store Sales grew 6.7% in the period. This positive performance consolidates the gradual recovery trend obse rved i n this activity starting from 3Q25. Gross Revenue from Financial S ervices totaled R$ 244.5 million in the quarter, an increase of 13.7% compared to 2Q25. The net interest -bearing portfolio (originated by VerdeCard credit cards) ended the perio d at R$ 1,047 million, an increase of 15.1% versus 2Q25. The overdue amount on the VerdeCard portfolio1 was 12.5% versus 11.7% in 2Q25, remaining aligned to the Company’s historical levels. The Company’s conservative credit stance, combined with collections operations, allowed it to keep delinquency rates under control. 1 Gross VerdeCard portfolio with interest (FIDC and Partnerships) plus non-interest overdue by more than 90 days divided by the gross VerdeCard portfolio with interest (FIDC and Partnerships) plus non-interest overdue up to 360 days, as of month-end positions. Business Activities (R$ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Gross Revenue, Net of Returns and Rebates 834.5 760.7 9.7% 1,624.6 1,525.5 6.5% Retail 562.0 520.5 8.0% 1,090.1 1,052.9 3.5% Financial services 244.5 215.0 13.7% 478.3 422.3 13.3% Credit card 28.0 25.3 10.7% 56.3 50.3 11.9%
Page 7
2Q26 7 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 The Credit Card activity s howed revenue growth of 10.7% in the quarter. Transaction volume through the Quero-Quero VerdeCard in our stores ( on-us) grew by 8.5% in 2Q26 compared to the previous year. Transaction volume with the card outside the store ( off-us) grew 15.5% compared to 2Q25. The card’s performance in partner establishments reflects the expansion of the active customer base, combined with a higher transaction frequency and a higher average ticket per transaction. Net Operating Revenue Net Operating Revenue totaled R$ 726.3 million in 2Q26, versus R$ 667.5 million in 2Q25, representing an increase of 8.8% in the quarter. Gross Profit The Company ended the quarter with a total Gross Profit totaling R$ 216.0 million, an increase of 0.2% in the quarter. The gross margin over G ross Revenue was 25.9% in the quarter, 2.4p.p. lower than the gross margin of 2Q25. The gross margin over R etail Gross Revenue was 21.9% in the quarter, a decrease of 0.5p.p. versus the same period of 2025, reflecting the still highly promotional competitive environment. Despite the lower margin, gross profit increased year over year. The financial services margin over Gross Revenue was 34.0% in 2Q26 versus 41.1% in 2Q25. Financial services margin remained under pressure in 2Q26, mainly due to (i) higher provisioning for delinquency and (ii) a change in the product mix, with a reduction in the origination of higher- risk credit products, reducing revenue in the short term, but with an expected positive impact in future delinquency.
Page 8
2Q26 8 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 ¹ Gross Margin (% Gross Revenue) = Gross Profit/Gross Revenue. Used to maintain revenue comparability due to tax changes. For this reason, in our view, the best margin comparison is through gross margin over Gross Revenue. ² Gross Margin on the Sale of Goods (% Gross Revenue) = Gross Profit from the Sale of Goods/Gross Revenue of the Retail business activity ³ Gross Margin Services Provided (% Gross Revenue) = Gross Profit from Services Provided / (Gross Revenue from the Financial Services business activity + Gross Revenue from the Credit Card business activity). Operating Expenses In 2Q26, Operating Expenses totaled R$ 219.2 million, a nominal decrease of 0.9% compared to 2Q25. Selling Expenses: an increase of 1.8% vs. 2Q25, even in the face of inflationary pressures. This performance reflects internal operational efficiency initiatives and cost-containment efforts, in a still challenging scenario for retail. General and Administrative Expenses : remained stable in the quarter , despite inflationary effects. The result also reflects cost discipline measures and operational efficiency gains. Other operational (revenues) expenses: totaled a revenue of R$ 4.2 million in the quarter. Financial Results In 2Q26, the Net Financial Result represented a financial expense of R$ 43.1 million, an increase of 5.2% compared to 2Q25. Net Profit The Company recorded Net A ccounting Loss of R$ 51.2 million in the quarter. The result is impacted by the nonrecognition of a deferred tax asset of R$ 19.9 million arising from tax losses (In %) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Margins (% of Net Revenue) Gross Margin 29.7% 32.3% (2.6p.p.) 30.1% 32.7% (2.6p.p.) Gross Margin - Goods sold 26.9% 27.0% (0.1p.p.) 27.4% 27.2% 0.2p.p. Gross Margin - Services provided 34.6% 42.0% (7.4p.p.) 34.6% 43.1% (8.5p.p.) EBITDA Margin 4.5% 4.3% 0.1p.p. 4.1% 5.4% (1.2p.p.) Adjusted EBITDA Margin 0.3% 0.4% (0.1p.p.) 0.2% 1.2% (1.0p.p.) Net Margin (7.0%) (6.9%) (0.2p.p.) (7.9%) (5.8%) (2.2p.p.) Adjusted Net Margin (4.2%) (4.4%) 0.3p.p. (4.6%) (3.4%) (1.2p.p.) Margins (% Gross Revenue) Gross Margin¹ 25.9% 28.3% (2.4p.p.) 26.3% 28.7% (2.4p.p.) Gross Margin - Goods sold² 21.9% 22.4% (0.5p.p.) 22.5% 22.6% (0.1p.p.) Gross Margin - Services provided³ 34.0% 41.1% (7.1p.p.) 34.1% 42.2% (8.2p.p.) EBITDA Margin 3.9% 3.8% 0.1p.p. 3.6% 4.7% (1.1p.p.) Adjusted EBITDA Margin 0.3% 0.4% (0.1p.p.) 0.2% 1.1% (0.9p.p.) Net Margin (6.1%) (6.0%) (0.1p.p.) (6.9%) (5.1%) (1.9p.p.) Adjusted Net Margin (3.6%) (3.9%) 0.3p.p. (4.1%) (3.0%) (1.1p.p.) Operating Expenses (R$ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Operational expenses (219.2) (221.2) 0.9% (439.3) (434.7) (1.1%) Selling expenses (156.0) (153.3) (1.8%) (305.2) (302.7) (0.8%) General and administrative expenses (67.3) (67.3) (0.1%) (135.5) (136.4) 0.7% Other operating expenses, net 4.2 (0.6) N/A 1.3 4.4 (70.0%) Finance income (R$ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Finance income (costs), net (43.1) (41.0) (5.2%) (88.0) (75.5) (16.6%) Finance costs (56.3) (58.0) 2.9% (119.0) (115.0) (3.5%) Finance income 13.2 17.1 (22.5%) 31.0 39.5 (21.5%)
Page 9
2Q26 9 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 in 2Q26. Although this asset represents a right of the Company, i ts accounting recognition will be periodically reassessed. The Adjusted Net Profit, excluding (i) the Stock Option Plan effect, (ii) the effect of adopting IFRS- 16 and (iii) the nonrecognition of the deferred tax asset mentioned above, totaled a loss of R$ 30.3 million in the quarter. EBITDA and Adjusted EBITDA EBITDA totaled R$ 32.6 million in the quarter, an increase of 12.6% compared to 2Q25. Adjusted EBITDA by the Stock Option Plan (SOP) expenses, IFRS-16 accounting and non-recurring items totaled R$ 2.1 million in 2Q26. Adjusted Net Profit Reconciliation ($ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Net Income (Loss) (51.2) (46.0) (11.3%) (112.9) (77.1) (46.4%) Net Margin (% Net Revenue) (7.0%) (6.9%) (0.2)p.p. (7.9%) (5.8%) (2.2)p.p. Net Margin (% Gross Revenue) (6.1%) (6.0%) (0.1)p.p. (6.9%) (5.1%) (1.9)p.p. (+) Stock Option Plan (SOP) 0.1 0.0 271.4% 0.3 0.1 275.4% (=) Profit (Loss) ex-SOP (51.1) (46.0) (11.1%) (112.6) (77.0) (46.2%) Net Margin ex-SOP (7.0%) (6.9%) (0.0)p.p. (7.9%) (5.8%) (0.4)p.p. (+) Impact of the IFRS16/CPC06's adoption 0.9 1.7 (49.4%) 1.6 3.0 (47.0%) (+) Income Tax on Fiscal Loss 19.9 14.7 35.8% 45.2 28.9 56.8% (=) Adjusted Net Income (Loss) (30.3) (29.6) (2.4%) (65.8) (45.2) (45.5%) Adjusted Net Margin (% Net Revenue) (4.2%) (4.4%) 0.3p.p. (4.6%) (3.4%) (1.2)p.p. Adjusted Net Margin (% Gross Revenue) (3.6%) (3.9%) 0.3p.p. (4.1%) (3.0%) (1.1)p.p. EBITDA and Adjusted EBITDA reconciliation (R$ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 Net Income (Loss) (51.2) (46.0) (11.3%) (112.9) (77.1) (46.4%) (+) Income tax and social contribution 4.9 (0.6) N/A 13.1 4.5 187.3% (+) Finance income (costs), net 43.1 41.0 5.2% 88.0 75.5 16.6% (+) Depreciation and Amortization 35.8 34.6 3.3% 70.8 68.9 2.8% (=) EBITDA 32.6 29.0 12.6% 59.0 71.8 (17.8%) EBITDA Margin (% Net Revenue) 4.5% 4.3% 0.1p.p. 4.1% 5.4% (1.2)p.p. EBITDA Margin (% Gross Revenue) 3.9% 3.8% 0.1p.p. 3.6% 4.7% (1.1)p.p. (+) Stock Option Plan (SOP) 0.1 0.0 271.4% 0.3 0.1 275.4% (+) Non-recurring itens 0.9 4.2 (78.6%) 6.0 4.2 44.5% (-) Impact of the adoption of IFRS16 / CPC06 (31.5) (30.3) (4.2%) (62.6) (60.0) (4.3%) (=) Adjusted EBITDA 2.1 2.9 (28.0%) 2.7 16.0 (83.2%) Adjusted EBITDA Margin (% Net Revenue) 0.3% 0.4% (0.1)p.p. 0.2% 1.2% (1.0)p.p. Adjusted EBITDA Margin (% Gross Revenue) 0.3% 0.4% (0.1)p.p. 0.2% 1.1% (0.9)p.p.
Page 10
2Q26 10 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 Adjusted Net Debt As of July 30, 2026, the Company’s Adjusted Net Debt was R$ 398.9 million, aligned with the same period of last year. 2Q26 had a smaller cash consumption than the same quarters of the three previous years. Due to working capital seasonality, we have historically observed cash consumption in the first half of the year and cash generation in the second half. Investments In 2Q26, the investments totaled R$ 10.0 million, a decrease of 26.5% versus the same period of the previous year , in line with the Company’s strategy of reducing investments amid a still challenging scenario for retail. Investments included the opening of 3 new stores, store renovations and transformations, and investments in logistics and IT. Net Debt and Adjusted Net Debt (R$ million) 2Q26 1Q26 4Q25 3Q25 2Q25 2Q24 Loans and financing 554.7 568.5 582.2 559.5 496.8 594.0 Current 172.2 120.6 95.3 178.1 231.2 155.7 No Current 382.5 447.8 486.9 381.4 265.6 438.4 (-) Cash and Financial Investments (601.6) (773.1) (599.9) (530.9) (624.8) (800.4) Cash and cash equivalents (328.7) (608.1) (438.3) (374.1) (478.8) (631.2) Short-term investments (272.9) (165.0) (161.6) (156.8) (146.0) (169.2) Net debt (46.9) (204.6) (17.7) 28.6 (128.0) (206.4) (+) Cash and Financial Investments FIDC 445.8 598.5 224.8 398.8 524.5 539.5 Cash and cash equivalents FIDC 175.9 437.2 67.7 247.3 378.6 381.5 Short-term investments FIDC 269.8 161.3 157.0 151.5 146.0 158.0 Adjusted Net Debt 398.9 393.9 207.1 427.4 396.5 333.1 Adjusted Net Debt / EBITDA LTM 2.9 2.9 1.4 2.4 2.0 1.3 Investments (R$ million) 2Q26 2Q25 % 2Q26 vs 2Q25 1H26 1H25 % 1H26 vs 1H25 New stores 1.2 2.6 (52.4%) 1.9 5.9 (68.1%) Store Renovations and Projects 1.7 4.8 (63.9%) 2.7 7.4 (63.7%) Logistics, IT and Others 7.1 6.2 13.3% 11.7 12.7 (8.4%) Total Investments 10.0 13.7 (26.5%) 16.2 26.0 (37.6%)
Page 11
2Q26 11 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 Facades of the stores opened in: (i) Mariluz (PR), (ii) Borrazópolis (PR), and (iii) Iguatemi (MS) in 2Q26, in clockwise order. ABOUT QUERO-QUERO Company founded in 1967, in the city of Santo Cristo, in the interior of Rio Grande do Sul. Lojas Quero-Quero is the largest retailer specializing in construction materials in Brazil in terms of number of stores, totaling 57 6 stores in Rio Grande do Sul, Santa Catarina, Paraná, Mato Grosso do Sul and São Paulo. The Company offers its customers a complete solution in construction materials, complemented by household appliances and furniture. Furthermore, it offers financial services through the “VerdeCard” credit card.
Page 12
2Q26 12 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 Annex – Balance Sheets Balance Sheets (Consolidated) (R$ million) 1H26 1H25 % 1H26 vs 1H250 Assets 3,700.0 3,738.1 (1.0%)0 Current assets 2,747.7 2,711.5 1.3% Cash and cash equivalents 328.7 478.8 (31.3%) Short-term investments 272.9 146.0 86.9% Trade accounts receivable 1,464.9 1,311.5 11.7% Inventories 520.9 544.4 (4.3%) Recoverable taxes 102.9 182.8 (43.7%) Prepaid expenses 8.9 7.3 21.9% Other receivables 48.4 40.6 19.3% Noncurrent assets 952.3 1,026.6 (7.2%) Trade accounts receivable 79.3 72.4 9.6% Related parties - Other receivables - - - Deferred income tax and social contribution 209.4 213.6 (2.0%) Recoverable taxes 4.7 17.2 (72.4%) Judicial deposits 8.0 10.3 (22.0%) Prepaid expenses 0.8 0.7 29.6% Other receivables 3.0 4.3 (29.9%) FIDC Verdecard - - - Investments 0.0 0.0 33.3% Property and equipment 585.3 649.8 (9.9%) Intangible assets 61.7 58.5 5.6%0 0 Liabilities and equity 3,700.0 3,738.1 (1.0%)0 Current liabilities 1,555.9 1,640.9 (5.2%) Trade accounts payable 333.3 340.0 (2.0%) Trade accounts payable - agreement - - - Loans and financing 172.2 231.2 (25.5%) Senior shares - FIDC Verdecard 239.5 370.9 (35.4%) Lease liabilities 82.1 81.6 0.6% Payables to accredited establishments 518.2 395.8 30.9% Taxes and contributions payable 21.3 19.7 8.1% Payroll and vacation payable 93.1 94.2 (1.2%) Deferred revenue 1.6 1.4 15.0% Dividends payable - - - Onlendings 14.4 17.7 (19.1%) Other payables 80.3 88.4 (9.1%)0.0 Noncurrent liabilities 1,851.8 1,607.4 15.2% Loans and financing 382.5 265.6 44.0% Senior shares - FIDC Verdecard 1,019.4 799.8 27.5% Payables for investment acquisition 0.0 12.4 (99.7%) Deferred revenue 17.7 19.3 (8.3%) Lease liabilities 415.3 454.4 (8.6%) Other payables - 39.4 (100.0%) Provision for tax, labor and civil contingencies 16.8 16.5 2.0% Equity 292.4 489.8 (40.3%) Capital 506.0 506.0 - Capital reserve 18.1 17.8 1.9% Legal reserve - 8.2 (100.0%) Tax incentive reserve 22.1 22.1 - Income Reserve - 15.7 (100.0%) Other Comprehensive Income (0.4) (0.3) (18.7%) Accumulated Profits (Losses) (253.4) (79.7) (218.0%)
Page 13
2Q26 13 SMLL B3 • IGCX B3 • ICON B3 • IBRA B3 • ISEE B3 • IGC-NM B3 • IGCT B3 • SCSR B3 • ITAG B3 Annex – Cash Flow Statements of cash flows (Consolidated) (R$ million) 2Q26 2Q25 1H26 1H25 Cash flows from operating activities Profit (loss) for the period (51.2) (46.0) (112.9) (77.1) Adjustments to reconcile profit (loss) for the period to cash and cash equivalents used in operating activities: Depreciation and amortization 35.8 34.6 70.8 68.9 Reversal of tax credits - depreciation and amortization 1.4 1.3 2.7 2.6 Tax credits - lease liabilities 0.6 0.7 1.4 1.4 Estimated loss on doubtful debts 6.4 11.2 25.0 24.3 Gain on the disposal and/or cost of property and equipment and intangible assets written off 0.1 - 0.4 0.3 Finance charges on accounts payable for investment acquisition 0.0 0.4 0.0 0.7 Finance charges on loans and financing 22.0 19.8 45.2 38.7 Finance charges on lease liabilities 11.1 12.7 22.6 24.2 Stock option plan 0.1 0.0 0.3 0.1 Provision for tax, labor and civil contingencies (0.7) 2.5 (0.0) 1.6 Estimated losses on inventories 0.1 0.4 (2.5) 0.4 Allocation of deferred revenue (0.4) (3.8) (0.7) (8.6) Deferred income tax and social contribution 0.3 (4.4) 3.0 (2.0) Adjusted profit 25.8 29.5 55.2 75.5 Increase (decrease) in operating assets: Trade accounts receivable and related-party receivables 13.8 12.0 (7.9) (83.7) Inventories (1.6) (36.4) 17.2 (26.7) Other receivables (0.7) 6.3 10.6 23.9 Increase (decrease) in operating liabilities: Trade accounts payable and Trade accounts payable - agreement 1.4 9.8 (135.7) (132.1) Senior shares - FIDC Verdecard (105.2) 306.1 256.2 226.4 Payables to accredited establishments 3.1 29.1 (3.9) 62.4 Taxes and contribution payable 2.9 (4.6) 3.6 (7.1) Income tax and social contribution paid (5.0) (1.4) (6.8) (2.5) Other payables and accounts payable (25.9) 13.4 (30.9) 0.1 Net cash provided by (used in) operating activities (91.4) 363.7 157.8 136.2 Cash flows from investing activities Short-term investments (107.8) 15.6 (111.3) 17.1 Acquisition of property and equipment (6.4) (11.7) (10.1) (21.1) Proceeds from the sale of property and equipment and intangible assets - - - 0.3 Additions to intangible assets (4.2) (1.8) (6.1) (4.3) Net cash provided by (used in) investing activities (118.4) 2.0 (127.5) (7.9) Cash flows from financing activities Capital increase/ Stock issue expenses - - - 23.8 Dividends and interest on capital paid - - - (21.6) Financing raising - third parties - 45.0 - 45.0 Payment of interest on financing and intercompany loans (22.2) (18.7) (44.1) (36.3) Payment of principal on financing (13.4) (49.6) (28.5) (85.6) Payment of lease liabilities (33.9) (32.6) (67.3) (64.6) Intragroup loans (repayment) - - - - Net cash provided by (used in) financing activities (69.5) (55.9) (139.9) (139.3) Increase (decrease) in cash and cash equivalents, net (279.3) 309.8 (109.6) (11.1) Cash and cash equivalents at the beginning of the period 608.1 169.0 438.3 489.9 Cash and cash equivalents at period-end 328.7 478.8 328.7 478.8