Earnings release
Page 1
MagazineLuiza Earnings Release 2Q26 Sales growth of 10 % in physical stores EBITDA totaled R $ 709 million in the quarter , with a 8.0 % margin Total cash position of R $ 5.8 billion MGLU B3 LISTED NM ✓ Sales focused on profitability . In 2Q26 , total sales , including physical stores , first - party inventory e- commerce ( 1P ) and marketplace ( 3P ) totaled R $ 14.5 billion . This value represents a 10.3 % growth in physical stores ( 9.7 % on a same - store basis ) , with a strong market share gain and a 11.9 % reduction in total e - commerce compared to the same period last year . It is worth highlighting total gross revenue of R $ 11.1 billion in 2Q26 . E - commerce sales . In 2Q26 , total e - commerce sales reached R $ 9.3 billion , highlighting R $ 5.8 billion in sales from first - party inventory ( 1P ) . Marketplace sales reached R $ 3.6 billion . It is worth noting the progress of our fulfillment share , which reached 29 % in the second quarter of the year - a 2 p.p. increase compared to 2Q25 . Gross margin . In 2Q26 , the gross margin was 30.6 % , an increase of 0.1 p.p. compared to 2Q25 . In the quarter , the gross merchandise margin increased 0.2 p.p. , even with the migration of new CDC contracts to the financial institution ( Magalupay SCFI ) , whose revenues are recognized under the services provided line . Operating expenses . The percentage of adjusted operating expenses in relation to net revenue was 23.3 % in 2Q26 . It is worth highlighting the dilution of selling expenses , which decreased from 18.7 % to 18.5 % of net revenue . In addition , it is worth highlighting that administrative expenses remained flat in nominal terms , despite inflation during the period . EBITDA and net income . Adjusted EBITDA totaled R $ 708.8 million in the quarter , with a margin of 8.0 % . The strong growth of physical stores , the expansion of gross margin , strict expense control , and the solid performance of Luizacred's contributed to this result . Adjusted net loss was R $ 50.4 million in the quarter . Considering non- recurring results , net loss was R $ 72.5 million in the period . ( $ ) Operating cash generation and solid capital structure . In 2Q26 , operating cash flow reached R $ 258.8 million , totaling R $ 1.6 billion in the last 12 months , driven by operational results and greater working capital efficiency . Magalu ended 2Q26 with an adjusted net cash position of R $ 0.8 billion , and a total cash position of R $ 5.8 billion . Magalupay . Total payment volume ( TPV ) reached R $ 24.7 billion in 2Q26 . The credit card base was 5.7 million cards in Jun / 26 . At Luizacred , Luiza card billing grew 1.0 % in 2Q26 , reaching R $ 15.1 billion during the period . The credit card portfolio reached R $ 20.2 billion at the end of the quarter , with a reduction of 0.2 p.p. in 15 to 90 - day delinquency and 1.1 p.p. in delinquency over 90 days compared to Jun / 25 . Luizacred's profit reached R $ 135.3 million in 2Q26 , with an annualized ROE of 23.5 % . At Magalupay SCFI , the net credit portfolio reached R $ 429 million , delivering a net income of R $ 17 million in the quarter . MGLU3 : R $ 4.59 per share Total Shares : 775,945,010 Market Cap : R $ 3.6 billion Conference Call August , 07 , 2026 ( Friday ) 08:00 AM in US ( EST ) / 09:00 AM in Brazil Conference Call Access Investor Relations +55 11 3504-2727 www.magazineluiza.com.br/ri ri@magazineluiza.com.br
Page 2
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | LETTER TO SHAREHOLDERSccc O 2026 marks the beginning of Magalu's new strategic cycle. In it, we have complementary engines for value creation: the consolidation of our omnichannel leadership driven by the resumption of investments in physical locations, the availability of our massive 1P operation on third -party channels, our pioneering A I commerce initiative, and the expansion of our service platforms —Magalog, Magalu Ads, Magalupay, and Magalu Cloud. In the second quarter, we combined important advances in our long-term strategic pillars with an execution focused on profitability. This approach allowed us to sustain high operating margins and ensure the solidity of our capital structure. In the quarter, total sales across our ecosystem reached R$14.5 billion. Gross revenue, in turn, was R$11.1 billion. The main highlight of the period was physical stores, reaffirming their role as a competitive advantage for Magalu and a vector for market share gains in the consumer durables categories. Driven by items related to the Football World Cup, such as televisions, physical store sales totaled R$5.2 billion in the quarter, representing a 10% sales growth compared to the same period in 2025 and a strong market share gain. In June alone, physical store sales recorded 18% growth. Over the past few years, we have accumulated a significant market share gain in physical retail: in-store sales have grown three times more than the market. This trajectory is expected to continue throughout the new cycle, in which the expansion of the physical channel and omnichannel strategy is a fundamental strategic pillar. This movement goes beyond the Magalu brand. Over the coming years, we will accelerate the physical presence of the brands within our ecosystem—Netshoes in sports, KaBuM! in technology/games, and Época Cosméticos in beauty —whether through dedicated stores, the conversion of units into multi -brand stores, or the innovative format of Galeria Magalu. Symbolizing the restart of this expansion, we opened a new Magalu store in Ceilândia (DF) during the quarter, reinforcing our coverage and proximity to the customer. In e-commerce, sales totaled R$9.3 billion in the quarter, with R$5.8 billion originating from first -party inventory (1P) and R$3.6 billion from the marketplace (3P). Online sales performance reflected our commercial discipline and non - negotiable focus on profitability. Faced with the global rise in memory chip costs, which impacted categories such as IT, smartphones, and computer hardware, we maintained the strategy of a gradual pass -through to final prices. Consequently, our online sales decli ned despite the growth in the TV category, but we remained consistent with our strategy to preserve channel margins. Our focus on profitability was reflected in our margin and cash indicators for the quarter. The gross margin reached 30.6%, benefiting from discipline in merchandise margin and the growing contribution of services, especially CDC (Buy Now, Pay Later). Adjusted EBITDA reached R$709 million, with a margin of 8.0%, driven by the operational efficiency of stores, rigorous control of operating expenses, and the solid results of our credit operations (Luizacred and Magalupay). Operational cash flow generation was R$259 million in the quarter, allowing us to end the period with a total cash position of R$5.8 billion. We are working to return to gro wth in online sales and have found a way to do this without sacrificing profitability: selling through third-party channels. After all, we have the largest e-commerce operation with first-party inventory (1P) in the country, and the market leadership in ou r main categories positions us uniquely in the market. That is why, this quarter, we announced and implemented our partnership with Amazon, which began in mid-June. We are already selling our products through Amazon channels in Brazil, and soon, Magalu's e ntire assortment will carry the Prime badge, further leveraging sales through the platform. New partnerships in this regard should be announced soon, and we already expect a significant impact on sales for the third and, mainly, for the fourth quarter.
Page 3
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 At the core of our new strategic cycle is the AI Commerce revolution and Magalu's pioneering role in the development of agentic commerce in Brazil. In this scenario, Magalu holds a unique and irreplicable asset: Lu. With over 33 million engaged followers on social media, Lu is the #1 virtual influencer in the world and the embodiment of trust in our e - commerce, bringing human warmth, empathy, and context to the digital channel. This competitive advantage is the foundation of Lu's WhatsApp, consolidated as the most complete and advanced end-to-end AI commerce experience in global retail, integrating multimodal search (text, voice, and image), personalized memory, recommendation intelligence, order tracking, and native checkout via Pix and credit card without external redirections. Lu's WhatsApp has surpassed the 18 million conversations mark since its launch, with a conversion rate three times higher than the app's traditional search and an NPS of 84 points. Furthermore, of the customers who have already purchased with Lu, about 20% returned to buy again. Lu's WhatsApp is a real lever for retention, satisfaction, and monetization for Magalu. In July, we reached an important milestone for the channel: since its launch, sales have already totaled more than R$100 million. Regarding the expansion of our service platforms—Magalupay, Magalu Ads, Magalog, Magalu Cloud—we had important evolutions this quarter: • Magalupay SCFI is already responsible for 100% of CDC origination in our stores and ended the quarter with a gross credit portfolio of R$669 million (R$451 million net of interest yet to be accrued). Funding via CDB issuances has evolved significantly, and we ended the quarter with an additional R$250 million in term deposits, consolidating itself as a sustainable and lower-cost funding alternative. In the quarter, the financial institution's revenues totaled R$58 million, with R$17 million in net income. • At Luizacred, the credit card portfolio remained solid at R$20.0 billion, highlighted by default rates at historically low levels (NPL > 90 was only 7.3% in June) and the expansion of profitability—net income reached R$135 million in the quarter with a ROE of 24%. • Consórcio Magalu maintained its trajectory of robust growth, reaching a record 2 billion reais in sales during the quarter, up 31% compared to the same period in 2025. Insurance continues to evolve significantly, with quarterly sales of 385 million reais, driven by store performance and new products added to the portfolio. • Magalu Ads continues to consolidate itself as a monetization tool for the ecosystem, driven by the improvement in traffic qualification and the maturity of the advertiser seller base. In the second quarter, the Sponsored Products offering saw a jump in attractiveness, with CTR (Click-Through Rate) rising over 50% year -over-year, attracting a larger number of users prone to purchase and sustaining the increase in average CPC (Cost Per Click). Another important highlight this quarter for Magalu Ads was Hyundai's choice of Mag alu for the launch of its new car in Brazil, the i20, in a campaign featuring Lu as the brand ambassador. • Magalog expanded its operations to clients external to the ecosystem, with a 15% increase in orders delivered for third parties, increasing the density of our logistics network and reducing unit costs. It is worth mentioning that soon, Magalog will start offering logistics services to Amazon, adding hundreds of thousands of packages per month to its operation, further expanding its density. • Magalu Clo ud surpassed 1,700 active external clients, consolidating itself as the sovereign and lowest -cost alternative in the national market. This quarter, the Brazilian Development Bank (BNDES) approved a R$300 million financing for Magalu Cloud with a focus on research and development of new products.
Page 4
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 The results of the second quarter of 2026 confirm the assertiveness of our strategy: we preserved margins, generated operational cash flow, and expanded our service verticals. We move forward into the second half of 2026 confident and prepared to capture the opportunities of the major year-end retail dates, leveraging omnichannel, ecosystem services, and the forefront of artificial intelligence to generate sustainable value for all our customers, employees, partners, and shareholders. We thank everyone for their trust and partnership throughout this journey. EXECUTIVE MANAGEMENT TEAM
Page 5
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 R$ million (except when otherwise indicated) 2Q26 2Q25 % Chg 1H26 1H25 % Chg Total Sales¹ (including marketplace) 14,514.1 15,291.9 -5.1% 29,668.5 31,345.3 -5.3% Gross Revenue 11,110.6 11,364.3 -2.2% 22,533.6 22,998.2 -2.0% Net Revenue 8,898.7 9,134.7 -2.6% 18,104.5 18,523.7 -2.3% Gross Income 2,718.6 2,788.5 -2.5% 5,551.6 5,665.5 -2.0% Gross Margin 30.6% 30.5% 10 bps 30.7% 30.6% 10 bps EBITDA 675.3 687.1 -1.7% 1,360.7 1,448.3 -6.0% EBITDA Margin 7.6% 7.5% 10 bps 7.5% 7.8% -30 bps Net Income (72.5) (24.4) 197.5% (127.7) (11.6) 1001.8% Net Margin -0.8% -0.3% -50 bps -0.7% -0.1% -60 bps Adjusted - EBITDA 708.8 726.7 -2.5% 1,426.4 1,485.4 -4.0% Adjusted - EBITDA Margin 8.0% 8.0% 0 bps 7.9% 8.0% -10 bps Adjusted - Net Income (50.4) 1.8 - (84.3) 13.0 - Adjusted - Net Margin -0.6% 0.0% -60 bps -0.5% 0.1% -60 bps Same Physical Store Sales Growth 9.7% 3.5% - 8.0% 5.3% - Total Physical Store Sales Growth 10.3% 3.0% - 8.6% 4.6% - E-commerce Sales Growth (1P) -11.5% 0.8% - -10.1% -1.0% - Marketplace Sales Growth (3P) -12.6% -6.4% - -13.5% -4.0% - Total E-commerce Sales Growth -11.9% -2.1% - -11.5% -2.2% - E-commerce Share of Total Sale 64.3% 69.3% -5.0 pp 65.0% 69.5% -4.5 pp Number of Stores - End of Period 1,246 1,245 1 store 1,246 1,245 1 store Sales Area - End of Period (M²) 681,643 685,502 -0.6% 681,643 685,502 -0.6% 1 Total Sales include gross revenue from physical stores, 1P e-commerce sales and 3P marketplace sales.
Page 6
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | NON-RECURRING EVENTS For ease of comparability with 2Q25, 2 Q26 results are also being presented in an adjusted view, without the effects of non - recurring provisions and expenses. CONCILIATION ADJUSTED INCOME STATEMENT (R$ million) 2Q26 Adjusted V.A. Non-recurring 2Q26 V.A. Gross Revenue 11,110.6 124.9% - 11,110.6 124.9% Taxes and Deductions (2,211.9) -24.9% - (2,211.9) -24.9% Net Revenue 8,898.7 100.0% - 8,898.7 100.0% Total Costs (6,180.1) -69.4% - (6,180.1) -69.4% Gross Income 2,718.6 30.6% - 2,718.6 30.6% Selling Expenses (1,644.2) -18.5% - (1,644.2) -18.5% General and Administrative Expenses (339.0) -3.8% - (339.0) -3.8% Provisions for Loan Losses (130.2) -1.5% - (130.2) -1.5% Other Operating Revenues, Net 35.7 0.4% (33.5) 2.2 0.0% Equity in Subsidiaries 67.9 0.8% - 67.9 0.8% Total Operating Expenses (2,009.9) -22.6% (33.5) (2,043.4) -23.0% EBITDA 708.8 8.0% (33.5) 675.3 7.6% Depreciation and Amortization (331.7) -3.7% - (331.7) -3.7% EBIT 377.1 4.2% (33.5) 343.6 3.9% Financial Results (572.3) -6.4% - (572.3) -6.4% Operating Income (195.2) -2.2% (33.5) (228.7) -2.6% Income Tax and Social Contribution 144.9 1.6% 11.4 156.2 1.8% Net Income (50.4) -0.6% (22.1) (72.5) -0.8% | Adjustments – Non – Recurring Events Adjustments 2Q26 Gain on Sale of Assets 0.1 Provision for risks (25.4) Restructuring expenses (8.5) Other Expenses 0.3 EBITDA Adjustments (33.5) Income tax / social contribution on other adjustments 11.4 Net Income Adjustments (22.1)
Page 7
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | OPERATING AND FINANCIAL PERFORMANCE Magalu ended 2Q26 with 1,246 physical stores (1,016 conventional, 230 virtual). In the last twelve months, Magalu opened two new stores—the Galeria Magalu in São Paulo and a new conventional store in Ceilândia, Federal District—and closed the operation of one conventional unit. Of our total store base, 10% are in the process of maturation. In 2Q26, Magalu's total sales reached R$14.5 billion, a 5.1% reduction compared to 2Q25, reflecting the 10.3% growth in physical stores (9.7% same-store sales growth) and the 11.9% reduction in total e-commerce. In 2Q26, cash sales accounted for 35% of total sales, driven by the consolidation of PIX across the entire ecosystem (KaBuM!, Netshoes, and Magalu), which was essential to mitigate the impact of high interest rates. Meanw hile, our proprietary payment methods (Luizacred Cards, Magalupay, and CDC) expanded their share to 19% of transactions during the period — a 2 p.p. increase compared to 2Q25 (17%) —, highlighted by the growth of CDC. Number of Stores Average Age of Stores (number of stores)Average Age of Stores (number of stores) 1,015 1,015 1,016 1,015 1,016 230 230 230 230 230 1,245 1,245 1,246 1,245 1,246 2Q25 3Q25 4Q25 1Q26 2Q26 Conventional Stores Virtual Stores 00 3 124 1117 Up to 1 year Up to 2 years Up to 3 years Up to 4 years Up to 5 years More than 5 years Same Physical Store Sales Growth Traditional Ecommerce Growth (1P) Physical Store Total Sales Growth Total Sales Growth (%) 2Q262Q25 1H261H25 Total E-commerce Growth (1P+3P) Total Retail Sales Growth Marketplace E-commerce Growth (3P) 3.5% 9.7% 3.0% 10.3% 0.8% -11.5% -6.4% -12.6% -2.1% -11.9% -0.6% -5.1% 5.3% 8.0% 4.6% 8.6% -1.0% -10.1% -4.0% -13.5% -2.2% -11.5% -0.2% -5.3% Financed Sales Mix (% of total sales) 17% 19% 47% 46% 36% 35% 2Q25 2Q26 17% 19% 46% 46% 37% 35% 1H25 1H26
Page 8
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | Gross Revenues (in R$ million) 2Q26 2Q25 % Chg 1H26 1H25 % Chg Merchandise Sales 10,051.6 10,271.0 -2.1% 20,406.3 20,801.3 -1.9% Services 1,059.0 1,093.4 -3.1% 2,127.2 2,196.9 -3.2% Gross Revenue - Total 11,110.6 11,364.3 -2.2% 22,533.6 22,998.2 -2.0% In 2Q26, total gross revenue amounted to R$11.1 billion, a 2.2% reduction compared to the same period in 2025. The result reflects the strong sales growth in physical stores with significant market share gains, alongside the strategy of prioritizing profitability in digital channels. In 1H26, total gross revenue reached R$ 22.5 billion, a 2.0% reduction. | Net Revenues (in R$ million) 2Q26 2Q25 % Chg 1H26 1H25 % Chg Merchandise Sales 8,031.3 8,238.9 -2.5% 16,360.1 16,712.8 -2.1% Services 867.4 895.8 -3.2% 1,744.3 1,810.8 -3.7% Net Revenue - Total 8,898.7 9,134.7 -2.6% 18,104.5 18,523.7 -2.3% In 2Q26, net revenue amounted to R$ 9.0 billion, a 2.6% reduction compared to 2Q25, a performance in line with the variation observed in total gross revenue. In 1H26, net revenue reached R$ 18.1 billion, a 2.3% reduction. | Gross Profit (in R$ million) 2Q26 2Q25 % Chg 1H26 1H25 % Chg Merchandise Sales 1,872.8 1,902.9 -1.6% 3,847.3 3,874.5 -0.7% Services 845.8 885.5 -4.5% 1,704.3 1,791.0 -4.8% Gross Profit - Total 2,718.6 2,788.5 -2.5% 5,551.6 5,665.5 -2.0% Gross Margin - Total 30.6% 30.5% 10 bps 30.7% 30.6% 10 bps In 2Q26, gross profit totaled R$ 2.7 billion, with gross margin reaching 30.6% —an expansion of 0.1 percentage points compared to 2Q25, reflecting the Company's focus on increasing profitability. In the quarter, the gross merchandise margin increased 0.2 percentage point, even with the migration of new CDC contracts to the financial institution (Magalupay SCFI), whose revenues are recognized under the services provided line.
Page 9
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | Operating Expenses (in R$ million) 2Q26 Adjusted % NR 2Q25 Adjusted % NR % Chg 1H26 Adjusted % NR 1H25 Adjusted % NR % Chg Selling Expenses (1,644.2) -18.5% (1,706.4) -18.7% -3.6% (3,345.2) -18.5% (3,463.8) -18.7% -3.4% General and Administrative Expenses (339.0) -3.8% (338.3) -3.7% 0.2% (677.6) -3.7% (676.5) -3.7% 0.2% Subtotal (1,983.2) -22.3% (2,044.7) -22.4% -3.0% (4,022.8) -22.2% (4,140.3) -22.4% -2.8% Provisions for Loan Losses (130.2) -1.5% (104.4) -1.1% 24.7% (252.9) -1.4% (205.5) -1.1% 23.0% Other Operating Revenues, Net 35.7 0.4% 36.2 0.4% -1.3% 71.3 0.4% 72.5 0.4% -1.5% Total Operating Expenses (2,077.7) -23.3% (2,112.9) -23.1% -1.7% (4,204.4) -23.2% (4,273.4) -23.1% -1.6% | Selling Expenses In 2Q26, selling expenses totaled R$ 1.6 billion, representing 1 8.5% of net revenue — an impro vement of 0.2 p.p. compared to 2Q25. This reduction reflects the Company's continuous efforts toward increasing operational efficiency and cost control discipline. In 1H26, selling expenses totaled R$ 3.3 billion, equivalent to 18.5% of net revenue. | General and Administrative Expenses In 2Q26, general and administrative expenses totaled R$339.0 million, equivalent to 3.8% of net revenue. It is worth highlighting that these expenses remained virtually stable in nominal terms compared to 2Q25, even considering inflationary impacts and collective bargaining wage increases during the period. In 1H26, general and administrative expenses total ed R$ 677.6 million, equivalent to 3.7% of net revenue. | Provisions for Loan Losses Provisions for loan losses totaled R$130.2 million in 2Q26, influenced by the growth of the CDC portfolio. | Other Operating Revenues and Expenses, Net (in R$ million) 2Q26 % NR 2Q25 % NR % Chg 1H26 % NR 1H25 % NR % Chg Deferred Revenue Recorded 35.7 0.4% 36.2 0.4% -1.3% 71.3 0.4% 72.5 0.4% -1.5% Subtotal - Adjusted 35.7 0.4% 36.2 0.4% -1.3% 71.3 0.4% 72.5 0.4% -1.5% Provisions for tax, civil and labor risks (25.4) -0.3% (3.0) 0.0% 747.0% (52.2) -0.3% (20.0) -0.1% 161.0% Reduction in payouts to sellers - 0.0% - 0.0% - - 0.0% 24.7 0.1% - Restructuring expenses (8.5) -0.1% (9.8) -0.1% -12.4% (16.8) -0.1% (13.9) -0.1% 20.4% Gain on Sale of Assets 0.1 0.0% (0.9) 0.0% - (0.7) 0.0% 2.1 0.0% - Other Expenses 0.3 0.0% 0.6 0.0% -37.6% 4.0 0.0% (3.5) 0.0% - Subtotal - Non Recurring (33.5) -0.4% (13.1) -0.1% 155.8% (65.7) -0.4% (10.7) -0.1% 515% Total 2.2 0.0% 23.1 0.3% -90.3% 5.6 0.0% 61.8 0.3% -90.9% In 2Q26, other adjusted net operating revenues totaled R$35.7 million, impacted by the recognition of deferred revenues. In 1H26, other adjusted net operating revenues totaled R$ 71.3 million. | Equity Income In 2Q26, equity income was R$67.9 million, comprised of R$ 67.7 million in equity attributable to the performance of Luizacred; and accounting practice adjustments in the amount of R$0.2 million.
Page 10
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | EBITDA Adjusted EBITDA totaled R$ 708.8 million in 2Q26, with a margin of 8.0%.This result primarily reflects the excellent performance of physical stores—which showed total sales growth of 10.3%—and the expansion of the gross margin to 30.6% (a 0.1 percentage point increase compared to 2Q25). Additionally, strict control over operat ing expenses and the solid performance of Luizacred also contributed to profitability in the quarter. Year -to-date for the first half (1H26), adjusted EBITDA reached R$ 1.4 billion, equivalent to a 7.9% margin. | Adjusted Financial Results In 2Q26, net financial expenses totaled R$ 572.3 million, equivalent to 6.4% of net revenue, and grew 15.5% compared to 2Q25. This increase is related to the prepayment of receivables to settle larger purchases from the first quarter, mainly in categories tied to the World Cup or affected by the memory chip shortage. FINANCIAL RESULTS (in R$ million) 2Q26 % NR 2Q25 % NR % Chg 1H26 % NR 1H25 % NR % Chg Financial Expenses (651.9) -7.3% (595.9) -6.5% 9.4% (1,334.1) -7.4% (1,169.5) -6.3% 14.1% Interest on loans and financing (188.0) -2.1% (207.5) -2.3% -9.4% (379.7) -2.1% (360.9) -1.9% 5.2% Interest on prepayment of receivables – third party card (200.1) -2.2% (160.9) -1.8% 24.4% (420.8) -2.3% (401.8) -2.2% 4.7% Interest on prepayment of receivables – Luiza Card (162.0) -1.8% (89.3) -1.0% 81.5% (279.2) -1.5% (164.0) -0.9% 70.3% Other expenses (101.8) -1.1% (138.2) -1.5% -26.3% (254.4) -1.4% (242.8) -1.3% 4.7% Financial Revenues 168.5 1.9% 183.5 2.0% -8.2% 371.5 2.1% 353.8 1.9% 5.0% Gains on marketable securities 31.6 0.4% 32.5 0.4% -2.8% 66.1 0.4% 68.1 0.4% -3.0% Other financial revenues 136.9 1.5% 151.0 1.7% -9.3% 305.4 1.7% 285.7 1.5% 6.9% Subtotal: Net Financial Results - Adjusted (483.5) -5.4% (412.4) -4.5% 17.2% (962.6) -5.3% (815.6) -4.4% 18.0% Interest on lease (88.8) -1.0% (83.2) -0.9% 6.8% (178.4) -1.0% (168.0) -0.9% 6.2% Total Net Financial Results - Adjusted (572.3) -6.4% (495.6) -5.4% 15.5% (1,141.0) -6.3% (983.6) -5.3% 16.0% | Net Income In 2Q26, adjusted net i ncome was negative at R$50.4 million. Under the accounting view, which means including non -recurring results, net income was negative at R$72.5 million. The adjusted net result for 1H26 was a negative R$ 84.3 million.
Page 11
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | Adjusted Working Capital CONSOLIDATED (R$ million) LTM Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 (+) Accounts Receivables (without Credit Card) (218.3) 1,501.1 1,862.0 1,990.9 1,622.9 1,719.4 (+) Inventories (45.4) 6,994.6 7,555.0 7,181.3 7,472.1 7,040.0 (+) Related Parties (without Luiza Card) (18.2) 15.1 81.8 68.8 34.4 33.2 (+) Recoverable Taxes 99.3 1,936.4 1,922.1 1,926.1 1,931.6 1,837.1 (+) Income Tax and Recoverable Social Contribution 76.2 208.7 181.5 160.2 150.8 132.5 (+) Other Assets 148.7 605.2 569.5 475.2 477.8 456.5 (+) Current Operating Assets 42.4 11,261.0 12,171.9 11,802.5 11,689.6 11,218.6 (-) Suppliers (including agreement) 454.8 9,709.8 10,483.0 11,499.8 10,003.5 9,255.0 (-) Transfers and Other Deposits 9.8 1,277.3 1,335.1 1,357.4 1,250.6 1,267.5 (-) Payroll, Vacation and Related Charges 31.0 508.4 495.0 501.9 535.2 477.3 (-) Taxes Payable 51.6 302.6 249.2 364.1 233.0 251.0 (-) Related Parties (27.4) 42.8 104.5 110.1 51.5 70.1 (-) Deferred Revenue (5.6) 146.2 154.9 155.1 151.3 151.8 (-) Other Accounts Payable 5.4 1,605.6 1,649.7 1,739.0 1,433.9 1,600.2 (-) Current Operating Liabilities 519.7 13,592.7 14,471.3 15,727.5 13,659.0 13,073.0 (=) Working Capital Adjusted (477.4) (2,331.7) (2,299.4) (3,925.0) (1,969.4) (1,854.3) % of Gross Revenue (LTM) -1.0% -4.9% -4.8% -8.1% -4.1% -3.9% In Jun/26, the adjusted working capital requirement was a negative R$ 2.3 billion. It is worth highlighting the R$ 560.4 million reduction in inventories in 2Q26, reflecting the excellent sales performance of physical stores and a lower volume of purchas es during the quarter. As a result, we ended the period with inventory turnover 5 days better com pared to the first quarter, reinforcing efficiency in working capital management. | Capex CAPEX (in R$ million) 2Q26 % 2Q25 % %Chg 1H26 % 1H25 % %Chg Physical Stores 13.0 8% 31.4 15% -59% 23.8 7% 42.4 11% -44% Technology 124.1 80% 153.6 74% -19% 284.3 82% 280.1 75% 1% Logistics 6.9 4% 10.9 5% -36% 15.9 5% 26.3 7% -39% Other 11.0 7% 10.3 5% 7% 20.6 6% 25.9 7% -20% Total 155.1 100% 206.3 100% -25% 344.7 100% 374.6 100% -8% In 2 Q26, investments totaled R$ 155.1 million, with emphasis on technology investments, which represented 80% of the total investment.
Page 12
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | Capital Structure CONSOLIDATED (R$ million) LTM Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 (-) Current Loans and Financing (228.1) (1,631.6) (1,358.6) (998.4) (1,144.2) (1,403.6) (-) Non-current Loans and Financing 1,489.5 (3,314.4) (3,701.6) (3,946.2) (4,803.7) (4,803.9) (=) Gross Debt 1,261.4 (4,946.1) (5,060.2) (4,944.5) (5,947.9) (6,207.5) (+) Cash and Cash Equivalents (1,065.0) 905.0 1,287.8 1,575.8 1,424.5 1,969.9 (+) Current Securities 713.6 857.2 337.0 459.9 155.4 143.7 (+) Total Cash (351.4) 1,762.2 1,624.8 2,035.8 1,579.9 2,113.6 (=) Net Cash 910.0 (3,183.8) (3,435.3) (2,908.8) (4,368.0) (4,093.9) (+) Credit Card - Third Party Card (1,725.2) 2,296.2 2,574.6 3,618.1 3,707.0 4,021.4 (+) Credit Card - Luiza Card (172.1) 1,693.6 2,023.9 2,382.7 2,264.9 1,865.7 (+) Total Credit Card (1,897.3) 3,989.8 4,598.5 6,000.8 5,971.9 5,887.1 (=) Adjusted Net Cash (987.2) 806.0 1,163.2 3,092.0 1,603.9 1,793.2 (-) Time deposits (257.2) (257.2) (12.6) - - (+) Credit portfolio 428.9 428.9 93.7 40.5 - (=) Net Cash + Net Credit Portfolio (815.6) 977.6 1,244.3 3,132.5 1,603.9 1,793.2 Short Term Debt / Total 10% 33% 27% 20% 19% 23% Long Term Debt / Total -10% 67% 73% 80% 81% 77% Adjusted EBITDA (LTM) 66.7 3,115.9 3,127.7 3,064.2 3,043.0 3,049.2 Adjusted Net Cash / Adjusted EBITDA -0.3 x 0.3 x 0.4 x 1.0 x 0.5 x 0.6 x Cash, Securities and Credit Cards (2,248.7) 5,752.0 6,223.4 8,036.6 7,551.9 8,000.7 The Company closed the quarter with a robust total cash position of R$ 5.8 billion, comprising cash and financial investments of R$ 1.8 billion and available credit card receivables of R$ 4.0 billion. Additionally, net cash adjusted for the net CDC (“Buy Now Pay Later”) portfolio reached R$ 1.0 billion as of Jun/26. It is worth highlighting the R$ 1.3 billion reduction in gross debt over the last 12 months, which totaled R$ 4.9 billion as of Jun/26.
Page 13
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX I FINANCIAL STATEMENTS – CONSOLIDATED INCOME STATEMENT CONSOLIDATED INCOME STATEMENT (R$ million) 2Q26 V.A. 2Q25 V.A. % Chg 1H26 V.A. 1H25 V.A. % Chg Gross Revenue 11,110.6 124.9% 11,364.3 124.4% -2.2% 22,533.6 124.5% 22,998.2 124.2% -2.0% Taxes and Deductions (2,211.9) -24.9% (2,229.7) -24.4% -0.8% (4,429.1) -24.5% (4,474.5) -24.2% -1.0% Net Revenue 8,898.7 100.0% 9,134.7 100.0% -2.6% 18,104.5 100.0% 18,523.7 100.0% -2.3% Total Costs (6,180.1) -69.4% (6,346.2) -69.5% -2.6% (12,552.9) -69.3% (12,858.2) -69.4% -2.4% Gross Income 2,718.6 30.6% 2,788.5 30.5% -2.5% 5,551.6 30.7% 5,665.5 30.6% -2.0% Selling Expenses (1,644.2) -18.5% (1,706.4) -18.7% -3.6% (3,345.2) -18.5% (3,463.8) -18.7% -3.4% General and Administrative Expenses (339.0) -3.8% (338.3) -3.7% 0.2% (677.6) -3.7% (676.5) -3.7% 0.2% Provisions for Loan Losses (130.2) -1.5% (130.9) -1.4% -0.5% (279.4) -1.5% (232.0) -1.3% 20.4% Other Operating Revenues, Net 2.2 0.0% 23.1 0.3% -90.4% 5.6 0.0% 61.8 0.3% -90.9% Equity in Subsidiaries 67.9 0.8% 51.1 0.6% 32.9% 105.7 0.6% 93.3 0.5% 13.2% Total Operating Expenses (2,043.4) -23.0% (2,101.4) -23.0% -2.8% (4,190.9) -23.1% (4,217.2) -22.8% -0.6% EBITDA 675.3 7.6% 687.1 7.5% -1.7% 1,360.7 7.5% 1,448.3 7.8% -6.0% Depreciation and Amortization (331.7) -3.7% (318.3) -3.5% 4.2% (664.1) -3.7% (641.4) -3.5% 3.6% EBIT 343.6 3.9% 368.8 4.0% -6.8% 696.5 3.8% 806.9 4.4% -13.7% Financial Results (572.3) -6.4% (495.6) -5.4% 15.5% (1,141.0) -6.3% (983.6) -5.3% 16.0% Operating Income (228.7) -2.6% (126.7) -1.4% 80.5% (444.5) -2.5% (176.8) -1.0% 151.5% Income Tax and Social Contribution 156.2 1.8% 102.4 1.1% 52.6% 316.8 1.7% 165.2 0.9% 91.8% Net Income (72.5) -0.8% (24.4) -0.3% 197.5% (127.7) -0.7% (11.6) -0.1% 1001.8% Calculation of EBITDA Net Income (72.5) -0.8% (24.4) -0.3% 197.5% (127.7) -0.7% (11.6) -0.1% 1001.8% (+/-) Income Tax and Social Contribution (156.2) -1.8% (102.4) -1.1% 52.6% (316.8) -1.7% (165.2) -0.9% 91.8% (+/-) Financial Results 572.3 6.4% 495.6 5.4% 15.5% 1,141.0 6.3% 983.6 5.3% 16.0% (+) Depreciation and Amortization 331.7 3.7% 318.3 3.5% 4.2% 664.1 3.7% 641.4 3.5% 3.6% EBITDA 675.3 7.6% 687.1 7.5% -1.7% 1,360.7 7.5% 1,448.3 7.8% -6.0% Reconciliation of EBITDA for non-recurring expenses EBITDA 675.3 7.6% 687.1 7.5% -1.7% 1,360.7 7.5% 1,448.3 7.8% -6.0% Non-recurring Result 33.5 0.4% 39.6 0.4% -15.4% 65.7 0.4% 37.2 0.2% 76.7% Adjusted EBITDA 708.8 8.0% 726.7 8.0% -2.5% 1,426.4 7.9% 1,485.4 8.0% -4.0% Net Income (72.5) -0.8% (24.4) -0.3% 197.5% (127.7) -0.7% (11.6) -0.1% 1001.8% Non-recurring Result 22.1 0.0% 26.1 0.3% -15.4% 43.4 0.2% 24.5 0.1% 76.7% Adjusted Net Income (50.4) -0.6% 1.8 0.0% - (84.3) -0.5% 13.0 0.1% -
Page 14
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX II – ADJUSTED FINANCIAL STATEMENTS – CONSOLIDATED INCOME STATEMENT CONSOLIDATED INCOME STATEMENT (R$ million) 2Q26 Adjusted V.A. 2Q25 Adjusted V.A. % Chg 1H26 Adjusted V.A. 1H25 Adjusted V.A. % Chg Gross Revenue 11,110.6 124.9% 11,364.3 124.4% -2.2% 22,533.6 124.5% 22,998.2 124.2% -2.0% Taxes and Deductions (2,211.9) -24.9% (2,229.7) -24.4% -0.8% (4,429.1) -24.5% (4,474.5) -24.2% -1.0% Net Revenue 8,898.7 100.0% 9,134.7 100.0% -2.6% 18,104.5 100.0% 18,523.7 100.0% -2.3% Total Costs (6,180.1) -69.4% (6,346.2) -69.5% -2.6% (12,552.9) -69.3% (12,858.2) -69.4% -2.4% Gross Income 2,718.6 30.6% 2,788.5 30.5% -2.5% 5,551.6 30.7% 5,665.5 30.6% -2.0% Selling Expenses (1,644.2) -18.5% (1,706.4) -18.7% -3.6% (3,345.2) -18.5% (3,463.8) -18.7% -3.4% General and Administrative Expenses (339.0) -3.8% (338.3) -3.7% 0.2% (677.6) -3.7% (676.5) -3.7% 0.2% Provisions for Loan Losses (130.2) -1.5% (104.4) -1.1% 24.7% (252.9) -1.4% (205.5) -1.1% 23.0% Other Operating Revenues, Net 35.7 0.4% 36.2 0.4% -1.4% (91.0) -0.5% 72.5 0.4% - Equity in Subsidiaries 67.9 0.8% 51.1 0.6% 32.9% 241.5 1.3% 93.3 0.5% 158.8% Total Operating Expenses (2,009.9) -22.6% (2,061.8) -22.6% -2.5% (4,125.2) -22.8% (4,180.0) -22.6% -1.3% EBITDA 708.8 8.0% 726.7 8.0% -2.5% 1,426.4 7.9% 1,485.4 8.0% -4.0% Depreciation and Amortization (331.7) -3.7% (318.3) -3.5% 4.2% (664.1) -3.7% (641.4) -3.5% 3.6% EBIT 377.1 4.2% 408.4 4.5% -7.7% 762.2 4.2% 844.1 4.6% -9.7% Financial Results (572.3) -6.4% (495.6) -5.4% 15.5% (1,141.0) -6.3% (983.6) -5.3% 16.0% Operating Income (195.2) -2.2% (87.1) -1.0% 124.0% (378.8) -2.1% (139.6) -0.8% 171.4% Income Tax and Social Contribution 144.9 1.6% 88.9 1.0% 62.9% 294.5 1.6% 152.5 0.8% 93.1% Net Income (50.4) -0.6% 1.8 0.0% - (84.3) -0.5% 13.0 0.1% -
Page 15
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX III FINANCIAL STATEMENTS – CONSOLIDATED BALANCE SHEET ASSETS Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 CURRENT ASSETS Cash and Cash Equivalents 905.0 1,287.8 1,575.8 1,424.5 1,969.9 Securities 857.2 337.0 459.9 155.4 143.7 Accounts Receivable - Credit Card 2,296.2 2,574.6 3,618.1 3,707.0 4,021.4 Accounts Receivable - Other 1,501.1 1,862.0 1,990.9 1,622.9 1,719.4 Loan portfolio 358.9 - - - - Inventories 6,994.6 7,555.0 7,181.3 7,472.1 7,040.0 Related Parties - Credit Card 1,693.6 2,023.9 2,382.7 2,264.9 1,865.7 Related Parties - Other 15.1 81.8 68.8 34.4 33.2 Taxes Recoverable 1,936.4 1,922.1 1,926.1 1,931.6 1,837.1 Income Tax and Recoverable Social Contribution 208.7 181.5 160.2 150.8 132.5 Other Assets 605.2 569.5 475.2 477.8 456.5 Total Current Assets 17,372.0 18,395.3 19,839.1 19,241.5 19,219.4 NON-CURRENT ASSETS Accounts Receivable 14.8 20.3 35.1 32.9 24.1 Loan portfolio 69.9 - - - - Recoverable Taxes 1,517.8 1,511.9 1,450.6 1,592.3 1,632.9 Deferred Income Tax and Social Contribution 3,993.3 3,819.3 3,664.8 3,525.1 3,421.8 Judicial Deposits 2,118.1 2,115.4 2,045.5 2,009.3 1,935.8 Other Assets 109.7 109.6 106.1 105.2 104.6 Investments in Subsidiaries 1,156.7 1,137.2 1,099.4 1,099.4 1,065.1 Right of use 3,165.3 3,164.1 3,219.8 3,212.5 3,190.4 Fixed Assets 1,833.9 1,861.3 1,895.4 1,873.0 1,800.3 Intangible Assets 4,560.9 4,577.7 4,555.4 4,530.8 4,519.0 Total Non-Current Assets 18,540.3 18,316.8 18,072.1 17,980.5 17,694.2 TOTAL ASSETS 35,912.4 36,712.1 37,911.2 37,222.0 36,913.6
Page 16
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX III FINANCIAL STATEMENTS – CONSOLIDATED BALANCE SHEET LIABILITIES LIABILITIES (R$ million) Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 CURRENT LIABILITIES Suppliers 9,709.8 10,483.0 11,499.8 10,003.5 9,255.0 Suppliers 7,137.2 7,160.4 8,143.4 7,122.8 6,906.9 Suppliers - agreement 2,572.6 3,322.6 3,356.4 2,880.7 2,348.1 Transfers and other deposits 1,277.3 1,335.1 1,357.4 1,250.6 1,267.5 Time deposits 143.0 - - - - Loans and Financing 1,631.6 1,358.6 998.4 1,144.2 1,403.6 Payroll, Vacation and Related Charges 508.4 495.0 501.9 535.2 477.3 Taxes Payable 302.6 249.2 364.1 233.0 251.0 Related Parties 42.8 104.5 110.1 51.5 70.1 Lease 439.5 441.6 453.9 443.1 433.0 Deferred Revenue 146.2 154.9 155.1 151.3 151.8 Dividends Payable - 3.0 3.0 - - Other Accounts Payable 1,605.6 1,649.7 1,739.0 1,433.9 1,600.2 Total Current Liabilities 15,806.9 16,274.5 17,182.8 15,246.3 14,909.6 NON-CURRENT LIABILITIES Time deposits 114.2 - - - - Loans and Financing 3,314.4 3,701.6 3,946.2 4,803.7 4,803.9 Taxes to be collected 38.0 42.5 41.1 44.5 49.8 Lease 3,126.6 3,102.9 3,130.0 3,117.1 3,085.6 Deferred Income Tax and Social Contribution 82.0 79.3 76.9 29.0 30.3 Provision for Tax, Civil and Labor Risks 1,472.6 1,414.2 1,364.4 1,896.9 1,989.2 Deferred Revenue 716.3 751.2 810.1 845.8 881.5 Other Accounts Payable 74.7 74.7 81.7 78.6 78.6 Total Non-Current Liabilities 8,938.8 9,166.4 9,450.3 10,815.6 10,919.0 TOTAL LIABILITIES 24,745.7 25,440.9 26,633.1 26,061.9 25,828.5 SHAREHOLDERS’ EQUITY Capital Stock 14,002.5 14,002.5 14,002.5 13,602.5 13,602.5 Capital Reserve (2,970.3) (2,866.2) (2,815.1) (2,816.1) (2,791.5) Treasury Shares (44.3) (164.2) (222.2) (225.9) (266.6) Legal Reserve 138.5 138.5 138.5 137.4 137.4 Profit Retention Reserve 283.9 343.8 139.2 543.3 543.6 Other Comprehensive Income (115.9) (128.0) (169.6) (154.2) (128.7) Retained Profits (Losses) (127.7) (55.2) 204.6 73.0 (11.6) Total Shareholders’ Equity 11,166.7 11,271.1 11,278.0 11,160.1 11,085.1 TOTAL 35,912.4 36,712.1 37,911.2 37,222.0 36,913.6
Page 17
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX IV FINANCIAL STATEMENTS – ADJUSTED CONSOLIDATED STATEMENT OF CASH FLOWS ADJUSTED CASH FLOW STATEMENTS (R$ million) 2Q26 2Q25 LTM LTM Net Income (72.5) (24.4) 88.5 385.6 Effect of Income Tax and Social Contribution Net of Payment (162.9) (108.8) (500.7) (419.4) Depreciation and Amortization 331.7 318.3 1,307.6 1,328.7 Interest Accrued on Loans and Lease 282.9 307.0 1,079.1 993.0 Interest Accrued on Loans and Lease (6.6) - 113.2 - Equity Income (67.9) (51.1) (139.6) (199.3) Dividends Received 48.4 38.0 102.3 80.6 Provision for Losses on Inventories and Receivables 179.8 142.6 1,039.9 729.4 Provision for Tax, Civil and Labor Contingencies 59.3 76.7 (494.7) 144.8 Gain on Sale of Fixed Assets 0.7 5.3 11.8 0.7 Recognition of Deferred Income (35.7) (36.2) (142.5) (145.7) Stock Option Expenses 0.9 4.5 15.1 15.9 Adjusted Net Income 558.1 671.9 2,480.1 2,914.4 Adjusted Trade Accounts Receivable (w/ Third Part Credit Card) and Credit Portfolio (179.6) (112.2) (751.4) (826.8) Inventories 513.2 158.8 (384.6) (29.5) Taxes Recoverable (28.7) (137.8) (27.8) 382.2 Deposit in Court (2.7) (72.1) (182.3) (116.1) Other Receivables 33.8 (34.7) (199.6) (106.4) Changes in Operating Assets 336.0 (197.9) (1,545.6) (696.6) Trade Accounts Payable (773.2) 333.3 454.8 466.1 Other Payables 142.1 (210.4) 275.0 (36.2) Change in Operating Liabilities (631.1) 123.0 729.7 430.0 Cash Flow from Operating Activities 263.0 596.9 1,664.3 2,647.7 Additions of Fixed and Intangible Assets (155.1) (206.3) (861.6) (773.1) Investment in Subsidiaries (13.2) (41.3) (80.3) (399.0) Cash Flow from Investing Activities (168.3) (247.6) (942.0) (1,172.1) Loans and Financing - 1,997.5 - 2,297.7 Repayment of Loans and Financing - (350.6) (1,261.8) (690.1) Payment of Interest on Loans and Financing (302.0) (253.6) (838.4) (517.6) Payment of Lease (112.4) (113.1) (453.8) (485.4) Payment of Interest on Lease (88.7) (84.1) (353.9) (332.5) Payment of Dividends (63.0) (225.0) (63.0) (225.0) Cash Flow from Financing Activities (566.0) 971.1 (2,971.0) 47.1 Cash, Cash Equivalents and Securities at Beginning of Period 6,223.4 6,680.3 8,000.7 6,478.0 Cash, Cash Equivalents and Securities at end of Period 5,752.0 8,000.7 5,752.0 8,000.7 Change in Cash and Cash equivalents (471.3) 1,320.4 (2,248.7) 1,522.7 Note: The difference between the Statement of Cash Flows and the Adjusted Statement of Cash Flows derives from: (i) the accounting treatment of marketable securities as cash and cash equivalents (ii) the accounting treatment of credit card receivables as cash and cash equivalents (iii) the accounting treatment of suppliers’ agreements as suppliers
Page 18
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX V RETURN ON INVESTED CAPITAL (ROIC) AND ON EQUITY (ROE) INVESTED CAPITAL (R$ million) jun/26 mar/26 dec/25 sep/25 jun/25 Working Capital 1,434.6 1,857.5 1,621.9 3,559.4 3,599.8 (+) Accounts Receivable 14.8 20.3 35.1 32.9 24.1 (+) Income Tax and Social Contribution deferred 3,993.3 3,819.3 3,664.8 3,525.1 3,421.8 (+) Taxes Recoverable 1,517.8 1,511.9 1,450.6 1,592.3 1,632.9 (+) Judicial Deposits 2,118.1 2,115.4 2,045.5 2,009.3 1,935.8 (+) Other Assets 109.7 109.6 106.1 105.2 104.6 (+) Investment In Joint Subsidiaries 1,156.7 1,137.2 1,099.4 1,099.4 1,065.1 (+) Right of use 3,165.3 3,164.1 3,219.8 3,212.5 3,190.4 (+) Fixed Assets 1,833.9 1,861.3 1,895.4 1,873.0 1,800.3 (+) Intangible Assets 4,560.9 4,577.7 4,555.4 4,530.8 4,519.0 (+) Non Current Assets 18,470.4 18,316.8 18,072.1 17,980.5 17,694.2 (-) Provision for Contingencies 1,472.6 1,414.2 1,364.4 1,896.9 1,989.2 (-) Lease 3,126.6 3,102.9 3,130.0 3,117.1 3,085.6 (-) Deferred Revenue 716.3 751.2 810.1 845.8 881.5 (-) Taxes to be Collected 38.0 42.5 41.1 44.5 49.8 (-) Income Tax and Social Contribution deferred 82.0 79.3 76.9 29.0 30.3 (-) Other Accounts Payable 74.7 74.7 81.7 78.6 78.6 (-) Non-Current operating liabilities 5,510.1 5,464.8 5,504.2 6,011.9 6,115.0 (=) Fixed Capital 12,960.3 12,851.9 12,567.9 11,968.7 11,579.2 (=) Total Invested Capital 14,394.9 14,709.5 14,189.8 15,528.1 15,179.0 (+) Net Debt 3,183.8 3,435.3 2,908.8 4,368.0 4,093.9 (+) Dividends Payable - 3.0 3.0 - - (+) Shareholders Equity 11,166.7 11,271.1 11,278.0 11,160.1 11,085.1 (=) Total Financing 14,350.5 14,709.5 14,189.8 15,528.1 15,179.0 FINANCIAL EXPENSES RECONCILIATION (R$MM) 2Q26 1Q26 4Q25 3Q25 2Q25 Financial Income 168.5 203.0 213.9 208.1 183.5 Financial Expenses (740.8) (771.7) (786.4) (696.2) (679.1) Net Financial Expenses (572.3) (568.7) (572.5) (488.1) (495.6) Interest on prepayment of receivables: Luiza Card and third-party card 362.0 338.0 328.8 216.5 250.1 Adjusted Financial Expenses (210.3) (230.8) (243.6) (271.5) (245.4) Taxes on Adjusted Financial Expenses 71.5 78.5 82.8 92.3 83.4 Net Adjusted Financial Expenses (138.8) (152.3) (160.8) (179.2) (162.0) NOPLAT AND ROIC/ROE RECONCILIATION(R$MM) 2Q26 1Q26 4Q25 3Q25 2Q25 EBITDA 675.3 685.4 947.8 807.4 687.1 Interest on prepayment of receivables: Luiza Card and third-party card (362.0) (338.0) (328.8) (216.5) (250.1) Depreciation (331.7) (332.4) (323.2) (320.2) (318.3) Current and deferred taxes 156.2 160.5 79.5 85.4 102.4 Taxes on Adjusted Financial Expenses (71.5) (78.5) (82.8) (92.3) (83.4) Net Operating Income (NOPLAT) 66.3 97.1 292.4 263.8 137.6 Invested Capital 14,394.9 14,709.5 14,189.8 15,528.1 15,179.0 ROIC Annualized 2% 3% 8% 7% 4% Net Income (72.5) (55.2) 131.6 84.6 (24.4) Shareholders Equity 11,166.7 11,271.1 11,278.0 11,160.1 11,085.1 ROE Annualized -3% -2% 5% 3% -1%
Page 19
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX VI BREAKDOWN OF TOTAL SALES AND NUMBER OF STORES PER CHANNEL Breakdown of Total Sales (R$ million) Growth 2Q26 V.A. 2Q25 V.A. Total Subtotal - Physical Stores 5,183.2 35.7% 4,697.8 30.7% 10.3% Traditional E-commerce (1P) 5,759.3 39.7% 6,508.8 42.6% -11.5% Marketplace (3P) 3,571.5 24.6% 4,085.3 26.7% -12.6% Subtotal - Total E-commerce 9,330.9 64.3% 10,594.1 69.3% -11.9% Total Sales 14,514.1 100.0% 15,291.9 100.0% -5.1% Breakdown of Total Sales (R$ million) Growth 1H26 V.A. 1H25 V.A. Total Subtotal - Physical Stores 10,380.6 35.0% 9,558.1 30.5% 8.6% Traditional E-commerce (1P) 11,809.8 39.8% 13,142.7 41.9% -10.1% Marketplace (3P) 7,478.0 25.2% 8,644.6 27.6% -13.5% Subtotal - Total E-commerce 19,287.9 65.0% 21,787.2 69.5% -11.5% Total Sales 29,668.5 100.0% 31,345.3 100.0% -5.3% ¹ Total Sales include gross revenue from physical stores and e-commerce plus marketplace sales Number of stores per channel – End of the period Growth jun/26 Part(%) jun/25 Part(%) Total Virtual Stores 230 18.5% 230 18.5% - Conventional Stores 1,016 81.5% 1,015 81.5% 1 Subtotal - Physical Stores 1,246 100.0% 1,245 100.0% 1 Total Sales Area (m²) 681,643 100.0% 685,502 100.0% -0.6%
Page 20
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX VII FINTECH HOLDING MAGALU Magalupay’s offerings include solutions for indi viduals and marketplace sellers . Among the services offered are a sub-acquring business; a digital bank account (Magalupay); credit to consumers via Magalu Cards and DCC (“Buy now, Pay later”); insurance and loans for individuals and sellers. One of the major highlights of the period was the evolution of Magalupay SCFI, which accounted for 100% of store DCC “Buy now, Pay later”) origination starting in May, closing June with R$ 433.9 million in net cred it portfolio, alongside the strong advance of online CDC. Meanwhile, Luizacred maintained its operational solidity and gains in credit quality, recording R$ 15.1 billion i n TPV (+1.0%) and a portfolio of R$ 20.2 billion (+1.8%), with the NPL 90 dropping fr om 8.4% to 7.3% compared to the same period last year. Driving this result, Consórcio Magalu reached record sales of R$ 2.0 billion (+30.6%), while the Insurance vertical tot aled R$ 384.9 million in premiums (+8.7%), confirming the growing profitability an d complementarity of our verticals. | Operating Indicators • Magalu’s total payment volume (TPV) reached R$24.7 billion in 2Q26, an increase of 0.6% compared to 2Q25. | Credit Card • Credit Card TPV grew 1.0% in 2Q26, reaching R$15.1 billion during the quarter. In-store sales to Luiza Card and Magalu Card customers, recognized for their loyalty and higher purchase frequency, reached R$1.9 billion in 2Q26, growing 3.1%. Credit card billing outside Magalu grew 0.7% in 2Q26, totaling R$13.1 billion in the quarter. • Luizacred's credit portfolio reached R$20.2 billion at the end of 2Q26, a growth of 1.8% over 2Q25. Total Payment Volume - TPV (in R$ millions) 14,907 14,891 16,602 14,729 15,058 9,687 9,727 11,594 10,523 9,682 24,594 24,618 28,196 25,252 24,741 2Q25 3Q25 4Q25 1Q26 2Q26 Credit Card Digital Account + Payments Total TPV 1%
Page 21
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 • In Jun/26, Luizacred's total card base reached 5.7 million cards ( -5.1% versus Jun/25). This includes Luiza Card and the Magalu Card. | Digital Account and Payments • The total payment volume (TPV) of sub-acquiring, digital accounts and loans to sellers reached R$9.7 billion in 2Q26. • The Magalupay Digital Account has consolidated itself as a financial hub for the ecosystem. Magalupay Empresas (Magalupay Business) reached 197 thousand seller accounts, which now have access to various services in a single place. The strength of this platform resulted in a total TPV of R$1.4 billion in 2Q26 for the entire Magalupay Digital Account. 1,884 1,816 2,548 1,947 1,943 13,023 13,075 14,054 12,782 13,116 14,907 14,890 16,602 14,729 15,058 2Q25 3Q25 4Q25 1Q26 2Q26 Sales on-us Sales off-us Total Sales Credit Card TPV (in R$ thousands) Portfolio (in R$ thousands) 33,357 8,073 19,882 19,587 20,826 20,400 20,233 2Q25 3Q25 4Q25 1Q26 2Q26 +2%+1%
Page 22
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX VIII MAGALUPAY IF With the authorization received from the Central Bank in 2025, the creation of Magalup ay SCFI marked a strategic shift in our financial services vertical. This regulatory structure enables Magalu to develop its own financial products —for credit and investment—in a more efficient and scalable manner. The financial institution expands the reach of solutions such as CDC (consumer credit) in both physical stores and e -commerce, while also opening avenues for new funding sources and the development of products for customers and sellers, optimizing capital usage across the entire ecosystem. Reflecting our commitment to transparency and best corporate governance practices, we continue to periodically disclose the financial statements and balance sheet of Magalupay SCFI. In 2Q26, Magalupay SCFI reached decisive operational milestones. Continuing the migration of store CDC origination, the financial institution came to account for 100% of product origination by late May, present across all of our 1,246 stores. In June alone, CDC origination totaled R$ 159.4 million, bringing SCFI’s portfolio to R$ 4 28.9 million at the end of the quarter. The remaining retail portfolio (R$ 1.5 billion in June) will undergo a gradual run-off process over up to 18 months. During 2Q26, Magalupay rolled out gradu al enhancements to its credit policies and models, incorporating proprietary data and Net Present Value (NPV) optimization -based decisioning, along with UX upgrades for in -store sales associates. This process is expected to continue throughout the second h alf of the year, enhancing credit decision accuracy, operational stability, and the scalability of its consumer financing (Buy now pay later) solution. Additionally, we made significant progress in our funding strategy: in just three months since the official large-scale launch of funding partnerships, the financial institution recorded R$ 238.9 million raised through CDB issuances. For 3Q26, we expect t o complete the requirements to advance the prudential conglomerate classification to the S4 category and expand our proprietary credit models. In accordance with the regulatory schedule, upcoming quarters will begin to reflect the alignment of provision ing levels with the criteria of CMN Resolution 4,966. | Financial Statements – Magalupay FI (R$ million) 2Q26 V.A. 6M26 V.A. Gross Revenue 57.6 105.2% 70.0 105.6% Taxes and Deductions (2.9) -5.2% (3.7) -5.6% Net Revenue 54.8 100.0% 66.3 100.0% Financial Intermediation Expenses (17.8) -32.5% (17.1) -25.7% Market Funding Operations (1.4) -2.5% 3.9 5.8% Provisions for Loan Losses (16.4) -30.0% (20.9) -31.6% Gross Financial Intermediation Income 37.0 67.5% 49.2 74.3% Other Operating Revenues (Expenses) (7.1) -12.9% (12.9) -19.4% Selling Expenses (0.3) -0.6% (0.3) -0.5% General and Administrative Expenses (6.5) -11.8% (12.2) -18.4% Depreciation and Amortization (0.0) -0.1% (0.1) -0.1% Other Operating Revenues, Net (0.2) -0.4% (0.2) -0.4% Operating Income 29.9 54.6% 36.4 54.9% Income Tax and Social Contribution (12.5) -22.8% (15.0) -22.7% Net Income 17.4 31.8% 21.3 32.2%
Page 23
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | Balance Sheet – Magalupay FI (R$ million) jun/26 mar/26 dez/25 sep/25 CURRENT ASSETS Cash and Cash Equivalents 72.1 131.8 17.3 40.0 Securities 0.0 0.0 161.0 0.0 Credit portfolio 359.1 93.7 40.5 0.0 Related Parties 3.8 1.0 3.3 0.0 Income Tax and Recoverable Social Contribution 6.8 2.1 0.0 0.3 Other Assets 1.0 0.9 0.1 0.0 Total Current Assets 442.8 229.4 222.1 40.3 NON-CURRENT ASSETS Credit portfolio 69.9 0.0 0.0 0.0 Deferred Income Tax and Social Contribution 6.4 1.5 0.5 0.0 Right of use 0.0 0.1 0.1 0.0 Fixed Assets 0.1 0.1 0.0 0.0 Total Non-Current Assets 76.5 1.7 0.6 0.0 TOTAL ASSETS 519.3 231.1 222.7 40.3 CURRENT LIABILITIES Time deposits 143.0 12.6 0.0 0.0 Loans and Financing 2.9 1.5 1.4 0.0 Taxes Payable 23.8 5.3 1.2 0.0 Related Parties 12.6 6.7 19.5 0.1 Lease 0.0 0.1 0.1 0.0 Other Accounts Payable 0.6 0.4 0.0 0.2 Total Current Liabilities 182.9 26.7 22.1 0.3 NON-CURRENT LIABILITIES Time deposits 114.2 0.0 0.0 0.0 Provisão para riscos tributários, cíveis e trabalhistas 0.2 0.0 0.0 0.0 Total Non-current Liabilities 114.5 - - - TOTAL LIABILITIES 297.4 26.7 22.1 0.3 SHAREHOLDERS’ EQUITY Capital Stock 200.0 200.0 40.0 40.0 Capital Reserve 0.6 0.6 160.0 0.0 Retained Earnings 21.3 3.9 0.6 (0.0) Total Shareholders’ Equity 222.0 204.5 200.6 40.0 TOTAL 519.3 231.1 222.7 40.3
Page 24
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX IX LUIZACRED | Income Statement in IFRS LUIZACRED – Income (R$ million) 2Q26 V.A. 2Q25 V.A. % Chg 1H26 V.A. 1H25 V.A. % Chg Financial Intermediation Revenue 667.0 100.0% 660.1 100.0% 1.0% 1,289.0 100.0% 1,294.3 100.0% -0.4% Financial Intermediation Expenses (617.2) -92.5% (647.3) -98.1% -4.6% (1,238.1) -96.1% (1,248.4) -96.5% -0.8% Market Funding Operations (123.9) -18.6% (117.9) -17.9% 5.2% (226.1) -17.5% (227.3) -17.6% -0.6% Provision for Loan Losses (493.3) -74.0% (529.5) -80.2% -6.8% (1,012.0) -78.5% (1,021.1) -78.9% -0.9% Gross Financial Intermediation Income 49.8 7.5% 12.8 1.9% 289.2% 50.9 3.9% 45.8 3.5% 11.0% Service Revenue 412.3 61.8% 403.9 61.2% 2.1% 821.8 63.8% 810.5 62.6% 1.4% Other Operating Revenues (Expenses) (296.1) -44.4% (298.2) -45.2% -0.7% (582.3) -45.2% (598.6) -46.2% -2.7% Personnel Expenses (5.7) -0.9% (8.7) -1.3% -34.8% (11.3) -0.9% (11.6) -0.9% -2.3% Other Administrative Expenses (177.1) -26.5% (194.3) -29.4% -8.9% (375.0) -29.1% (402.5) -31.1% -6.8% Depreciation and Amortization (2.9) -0.4% (2.6) -0.4% 12.1% (5.9) -0.5% (5.5) -0.4% 5.9% Tax Expenses (59.0) -8.8% (57.6) -8.7% 2.3% (115.6) -9.0% (114.8) -8.9% 0.7% Other Operating Revenues (Expenses) (51.4) -7.7% (34.9) -5.3% 47.3% (74.5) -5.8% (64.1) -5.0% 16.2% Income Before Tax 166.0 24.9% 118.5 17.9% 40.1% 290.4 22.5% 257.7 19.9% 12.7% Income Tax and Social Contribution (30.7) -4.6% (16.7) -2.5% 84.0% (80.1) -6.2% (71.9) -5.6% 11.3% Net Income 135.3 20.3% 101.8 15.4% 33.0% 210.4 16.3% 185.8 14.4% 13.3% | Income Statement in compliance with accounting practices established by the Brazilian Central Bank LUIZACRED – Income (R$ million) 2Q26 V.A. 2Q25 V.A. % Chg 1S26 V.A. 1S25 V.A. % Chg Financial Intermediation Revenue 667.0 100.0% 660.1 100.0% 1.0% 1,289.0 100.0% 1,294.3 100.0% -0.4% Financial Intermediation Expenses (603.8) -90.5% (624.8) -94.6% -3.3% (1,223.4) -94.9% (1,261.0) -97.4% -3.0% Market Funding Operations (123.9) -18.6% (117.9) -17.9% 5.2% (226.1) -17.5% (227.3) -17.6% -0.6% Provision for Loan Losses (479.9) -71.9% (506.9) -76.8% -5.3% (997.3) -77.4% (1,033.6) -79.9% -3.5% Gross Financial Intermediation Income 63.2 9.5% 35.3 5.4% 78.7% 65.6 5.1% 33.3 2.6% 96.9% Service Revenue 412.3 61.8% 403.9 61.2% 2.1% 821.8 63.8% 810.5 62.6% 1.4% Other Operating Revenues (Expenses) (296.1) -44.4% (298.2) -45.2% -0.7% (582.3) -45.2% (598.6) -46.2% -2.7% Personnel Expenses (5.7) -0.9% (8.7) -1.3% -34.8% (11.3) -0.9% (11.6) -0.9% -2.3% Other Administrative Expenses (177.1) -26.5% (194.3) -29.4% -8.9% (375.0) -29.1% (402.5) -31.1% -6.8% Depreciation and Amortization (2.9) -0.4% (2.6) -0.4% 12.1% (5.9) -0.5% (5.5) -0.4% 5.9% Tax Expenses (59.0) -8.8% (57.6) -8.7% 2.3% (115.6) -9.0% (114.8) -8.9% 0.7% Other Operating Revenues (Expenses) (51.4) -7.7% (34.9) -5.3% 47.3% (74.5) -5.8% (64.1) -5.0% 16.2% Income Before Tax 179.4 26.9% 141.0 21.4% 27.2% 305.2 23.7% 245.2 18.9% 24.5% Income Tax and Social Contribution (36.5) -5.5% (25.7) -3.9% 42.0% (86.4) -6.7% (67.0) -5.2% 29.1% Net Income 142.9 21.4% 115.3 17.5% 23.9% 218.8 17.0% 178.3 13.8% 22.7%
Page 25
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | Revenue from Financial Intermediation In 2Q26, financial intermediation revenues reached R$ 66 7.0 million, a n 1.0% increase compared to the same quarter of the previous year, reflecting growth in receivables prepayment revenue, which was partially offset by a reduction in interest inc ome due to lower portfolio delinquency rates. | Provision for Loan Losses The portfolio of loans overdue from 15 to 90 days (NPL 15) accounted for only 2.5% of the total portfolio in Jun/26, an improvement of 0.2 p.p. compared to Jun/25. The portfolio past due over 90 days (NPL 90) was 7.3% in Jun/26, an improvement of 1.1 p.p. compared to Jun/25. Luizacred's conservative credit policy and the collection efforts carried out by the digital channels, stores and collection centers were, and continue to be, fundamental in minimizing the impact of recent macroeconomic conditions on the portfolio, already represented in the reduction of recent defaults . The total overdue portfolio decreased by 10.3% compared to Jun/25, dropping from R$2,214.5 million in Jun/25 to R$1,986.9 million in Jun/26. Provisions for bad debt expenses, net of recovery, represented 2. 4% of the total portfolio in 2Q26. We observed a positive trend in the reduction of default indicators in recent months, signaling a favorable contribution of new cohorts to Luizacred's performance. The overdue portfolio coverage ratio was 153% in Jun/26. PORTFOLIO - OVERDUE Jun-26 Mar-26 Dec-25 Sep-25 Jun-25 000 to 014 days 18,246 90.2% 18,378 90.1% 18,756 90.1% 17,514 89.4% 17,667 88.9% 015 to 030 days 128 0.6% 160 0.8% 135 0.6% 132 0.7% 129 0.6% 031 to 060 days 176 0.9% 203 1.0% 175 0.8% 175 0.9% 179 0.9% 061 to 090 days 207 1.0% 199 1.0% 195 0.9% 200 1.0% 232 1.2% 091 to 120 days 234 1.2% 230 1.1% 238 1.1% 251 1.3% 250 1.3% 121 to 150 days 241 1.2% 202 1.0% 204 1.0% 201 1.0% 262 1.3% 151 to 180 days 195 1.0% 180 0.9% 186 0.9% 211 1.1% 207 1.0% 180 to 360 days 806 4.0% 848 4.2% 937 4.5% 903 4.6% 957 4.8% Portfolio (R$ million) 20,233 100.0% 20,400 100.0% 20,826 100.0% 19,588 100.0% 19,882 100.0% Receipt expectation of loan portfolio overdue above 360 days - - - 474 454 Total Portfolio in IFRS 9 (R$ million) 20,233 20,400 20,826 20,062 20,336 Overdue 15-90 days 511 2.5% 561 2.8% 505 2.4% 507 2.6% 540 2.7% Overdue Above 90 days 1,476 7.3% 1,460 7.2% 1,565 7.5% 1,566 8.0% 1,675 8.4% Total Overdue 1,987 9.8% 2,021 9.9% 2,070 9.9% 2,073 10.6% 2,215 11.1% Total Provisions for loan losses in IFRS 9 2,253 11.1% 2,283 11.2% 2,448 11.8% 2,476 12.6% 2,613 13.1% Coverage of Total Portfolio (%) 153% 156% 156% 158% 156% Note: in order to facilitate comparability and analysis of NPL performance, the Company now discloses the breakdown of the portfolio by arrears criterion, while it continues disclosing the portfolio breakdown by risk level to the Central Bank.
Page 26
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 | Financial Intermediation Gross Results The gross result from financial intermediation shifted from R$ 12.8 million in 2Q25 to R$49.8 million in 2Q26, due to lower delinquency rates and the resulting reduction in provisions. | Service Revenue and Other Operating Revenues (Expenses) Service Revenue grew 2.1% in 2Q26, reaching R$412.3 million, mainly due to the growth in billing. In the same period, operating expenses decreased 0.7%, representing R$ 296.1 million. The efficiency ratio reached 21.9%, one of the lowest levels in history. | Net Income Luizacred recorded a net income of R$135.3 million under IFRS in 2Q26. Using the accounting practices established by the Brazilian Central Bank, the net income was R$142.9 million in the same period. | Shareholders´ Equity In compliance with the IFRS practices, Luizacred posted shareholders’ equity of R$2.3 billion in Jun/26. As a result of adjustments required under Brazilian Central Bank, specifically additional provisions for expected losses, net of taxes, Luizacred’s shareholders’ equity for the purposes of Magazine Luiza’s financial statements came to R$2.2 billion.
Page 27
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 ANNEX X Socio-environmental Highlights | Reverse Logistics We launched the 3rd edition of the Electronics Drive (Mutirão do Eletrônico), an initiative under Magalu's E -Waste Reverse Logistics Program that engages the school community in collecting and properly disposing of these waste materials. This year, the project was launched across 21 municipalities in the interior of São Paulo state, including Franca, the company's headquarters. The initial mobilization phase took place during the Intermunicipal Environmental Competition (Gincana Intermunicipal do Meio Ambiente – GIMA), which involves regional schools in the Alta Mogiana area in environmental awareness initiatives. In Franca and neighboring towns, 82 public and private schools are registered in the competition. Through September, all collected material will be sent for recycling. In Magalu physical stor es, where we provide permanent collection points for unused electronics, we registered a 46% growth in collection requests compared to the same period in 2025, with an estimated 9 tons collected in the second quarter. | Diversity and Inclusion Following the success of programs such as Luiza <Code> (for women), Desenvolve 40+ (for individuals aged 40 and older), and <Div> (for people with disabilities), we consolidated our technology career acceleration initiatives into a single affirmativ e program, Movetech, launched in April for professionals across the country. In this edition, we received over 2,000 applications and selected 112 individuals who will deep -dive into cloud infrastructure. The training program —promoted by LuizaLabs and Magalu Cloud—spans 16 weeks, featuring live virtual classes and mentorship from experts. Since 2020, we have provided 700 scholarships in programming languages, software development, and digital product design. | Governance Magalu has updated its materiality matrix, now under the perspective of Double Materiality, which correlates environmental and social impacts with business risks and opportunities. The study generated a list of 12 topics: Key Material Topics 1. Ethics, Transparency, and Governance 2. Logistics Efficiency 3. Diversity, Equity, and Inclusion 4. Technological Innovation 5. Customer Experience and Relationship Channels Additional Financial Materiality Topics 6. Infrastructure and Digital Security 7. Financial Accessibility 8. Corporate Culture Additional Impact Materiality Topics 9. Packaging Design and Reverse Logistics 10. Emissions and Climate Resilience 11. Product and Service Quality and Safety 12. Energy Usage We also revised our strategic sustainability vision, which is now structured around the following pillars: (1) Drive diversity and democratize access; (2) Invest in innovation; (3) Take action for the climate; and (4) Live our values. The core focus areas are
Page 28
Earnings Release 2Q26 EEarnings Release 2021 and 4Q21 arnings Release 2021 and 4Q21 detailed in our integrated annual and sustainability report. ALL DETAILS Conference Call in Portuguese with simultaneous translation to English Friday, August 07th, 2026 9:00 – Brasilia time 08:00 – New York time (EST) Conference Call Access Investor Relations Roberto Bellissimo Vanessa Rossini Lucas Ozorio Saulo Melo Leonardo Siqueira CFO and IR Director Director IR IR Manager IR Analyst IR Analyst Tel: +55 11 3504-2727 ri@magazineluiza.com.br About Magazine Luiza Magazine Luiza, or Magalu, is a technology and logistics company focused on the retail sector. From its humble origins as a traditional retailer providing electronics and home appliances to Brazil's rising middle class, the company has since transformed into a technology powerhouse providing a wide array of products to Brazilians of all classes. Magalu has one of the largest geographic footprints with 21 distribution centers serving a network of 1,246 stores in 20 states. At the heart of the company's success is an omnichannel retail platform capable of reaching customers via mobile app, web and physical stores. A large part of the company’s success is attributable to its in-house development team, Luizalabs, which consists of more than 2,200 engineers and product development specialists. Among other things, engineers from Luizalabs use technologies such as big data and machine learning to create logistics, fintech and inventory apps which remove friction from the retail process, improving margins, delivery times and customer experie nce. The company has been at the forefront of e -commerce adoption in Latin America and its profitable e -commerce operation currently accounts for 66% of total sales . Magazine Luiza has also been a logistics pioneer. The company's integrated online and offline logistics operations enable it to leverage its physical presence to radically reduce delivery times and costs in a sustainable way. The result is the fastest, lowest cost logistics network in Brazil. EBITDA, Adjusted EBITDA and Adjusted Net Income EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a non-accounting measure prepared by the Company in accordance with CVM Instruction No. 527/12, consisting of net income plus the net financial result, income tax and social contribution, and depreciation and amortization expenses. This metric does not represent a financial performance measure under accounting practices adopted in Brazil or IFRS, and it presents limitations that affect its use as an indicator of profitability or liquidity, as it does not consider expenses intrinsic to the business. Therefore, EBITDA should not be considered an alternative to net income or operating cash flow.Adjusted EBITDA consists of the amount adjusted for non-recurring items — such as tax credits, provisions, and extraordinary expenses — and is disclosed to demonstrate the actual impact on cas h generation. It should be noted that EBITDA and Adjusted EBITDA do not have a standardized meaning and may not be comparable to measures used by other companies, just as the extraordinary results considered for the calculation of adjusted views should not replace net income or EBITDA as defined by Brazilian accounting practices. Disclaimer The statements herein related to business prospects, future estimates of operating and financial results, and those related t o Magazine Luiza’s growth prospects are merely estimates and, as such, are based solely on the expectations of the Executive Board regarding the future of the Company’s business. These expectations largely depend on approvals and licenses for the projects, market conditions, performance of the Brazilian economy, the sector and the international markets and are, therefore, subject to c hanges without prior notice. This performance report includes accounting and non -accounting data such as pro forma operating and financial results and projections based on the expectations of the Company’s Management. The non -accounting data were not revie wed by the Company’s independent auditors.