Earnings release
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2Q26 Earnings Report 2Q26 Contact the Investor Relations Team at: ri.multiplan.com.br/en . ri@multiplan.com.br . +55 21 3031-5400 ParkJacarepaguá MorumbiShopping BarraShoppingSul
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2Q26 2 Disclaimer This document may contain prospective statements and goals, which are subject to risks and uncertainties as they are based on expectations of the Company’s management and on available information . The Company is under no obligation to update these statements . The words "anticipate,“ “wish,“ "expect,“ “foresee,“ “intend,“ "plan,“ "predict,“ “forecast,“ “aim" and similar words are intended to identify these statements . The Company clarifies that it does not disclose projections and/or estimates under the terms of article 21 of CVM Resolution 80/22 and, therefore, eventual forward -looking statements do not represent any guidance or promise of future performance . Forward -looking statements refer to future events that may or may not occur. Our future financial situation, operating results, market share and competitive position may differ substantially from those expressed or suggested by these forward -looking statements . Many factors and values that may impact these results are beyond the Company’s ability to control . The reader/investor should not decide to invest in Multiplan shares based exclusively on the data disclosed in this presentation . This document also contains information on future projects that could differ materially due to market conditions, changes in laws or government policies, changes in operational conditions and costs, changes in project schedules, operating performance, demands by tenants and consumers, commercial negotiations or other technical and economic factors . These projects may be altered in part or totally by the Company with no prior warning . External auditors have not reviewed non- accounting information . In this report, the Company has chosen to present the consolidated data from a managerial perspective, in line with the accounting practices excluding the CPC 19 (R2). For more detailed information, please check our Financial Statements, Reference Form (Formulário de Referência) and other relevant information on our investor relations website ri.multiplan .com.br. It has come to the attention of the Company that foreign banks have launched or intend to launch unsponsored depositary receipt programs, in the USA or in other countries, based on shares of the Company (the “Unsponsored Programs”), taking advantage of the fact that the Company’s reports are usually published in English . The Company, however, (i) is not involved in the Unsponsored Programs, (ii) ignores the terms and conditions of the Unsponsored Programs, (iii) has no relationship with potential investors in connection with the Unsponsored Programs, (iv) has not consented to the Unsponsored Programs in any way and assumes no responsibility in connection therewith . Moreover, the Company alerts that its financial statements are translated and also published in English solely in order to comply with Brazilian regulations, notably the requirement contained in item 6.2 of the Level 2 Corporate Governance Listing Rules of B3 S.A. - Brasil, Bolsa, Balcão, which is the market listing segment where the shares of the Company are listed and traded. Although published in English, the Company’s financial statements are prepared in accordance with Brazilian legislation, following Brazilian Generally Accepted Accounting Principles (BR GAAP), which may differ to the generally accepted accounting principles adopted in other countries . Finally, the Company draws the attention of potential investors to Article 51 of its bylaws, which expressly sets forth, in summary, that any dispute or controversy which may arise amongst the Company, its shareholders, board members, officers and members of the Fiscal Council (Conselho Fiscal) related to matters contemplated in such provision must be submitted to arbitration before the Câmara de Arbitragem do Mercado, in Brazil . Therefore, in choosing to invest in any Unsponsored Program, the investor does so at its own risk and will also be subject to the provisions of Article 51 of the Company’s bylaws . Legal Notice Unsponsored depositary receipt programs
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2Q26 Message from the Company Message from the Company Highlights Highlights Property Expenses Property Expenses Net Operating Income (NOI) Net Operating Income (NOI) GA Share-based compensation expenses G&A & Share-based compensation expenses Real Estate for Sale Results Real Estate for Sale Results Growth Growth MULT3 in the Stock Market MULT3 in the Stock Market Digital Innovation Digital Innovation Sustainability, social and corporate governance Sustainability, social and corporate governance Awards and recognition Awards and recognition Capital Allocation Capital Allocation Financial Results Financial Results Consolidated Financial Statements (PL) Consolidated Financial Statements (P&L) Operational Indicators Operational Indicators Revenues Revenues 6 6 7 7 25 25 26 26 27 27 11 11 12 12 20 20 24 24 35 35 46 46 47 47 49 49 51 51 34 34 29 29 Table of contents Investment Properties Analysis Investment Properties Analysis 45 45 Landbank Landbank 44 44 Portfolio of Assets Ownership Structure Portfolio of Assets & Ownership Structure Appendix Glossary and Acronyms Appendix & Glossary and Acronyms 52 52 57 57 BarraShopping Complex Case Study – World Cup Case Study – World Cup 15 15 Overview Overview 4 4 Capex Capex 43 43
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2Q26 Multiplan Empreendimentos Imobiliários S.A. is one of Brazil’s leading shopping center operating companies, established as a full-service company that plans, develops, owns and manages one of the largest and highest -quality mall portfolios in the country . The Company is also strategically active in the residential and office real estate development sectors, generating synergies for its shopping centers by creating mixed-use projects in adjacent areas. At the end of 2Q26, Multiplan owned and managed 20 shopping centers for a total Gross Leasable Area (GLA) of 905,900 sq.m., and an average ownership interest of 79.7%, comprising approximately 6,000 stores. Additionally, Multiplan holds – with an average stake of 92.1% – two corporate office complexes totaling 50,582 sq.m of GLA, resulting in an overall portfolio of 956,482 sq.m. 1 2007’s results were calculated in accordance with current methodology. For more details, please access the Company’s Fundamentals Spreadsheet. 2 Total tenants’ sales (100%). R$ Million 20071 (IPO) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Jun-26 (LTM) Chg. % CAGR % Sales2 4,244 5,070 6,109 7,476 8,461 9,723 11,384 12,760 13,338 13,726 14,657 15,470 16,304 10,253 14,598 20,016 21,928 23,962 25,880 26,761.1 +530.6% +10.5% Gross Revenue 368.8 452.9 534.4 662.6 742.2 1,048.0 1,074.6 1,245.0 1,205.2 1,257.5 1,306.2 1,378.9 1,460.2 1,995.1 1,404.5 1,975.1 2,217.0 2,737.5 2,957.8 3,163.2 +757.7% +12.3% NOI 212.1 283.1 359.4 424.8 510.8 606.9 691.3 846.1 934.8 964.6 1,045.5 1,138.1 1,201.2 953.4 1,118.9 1,561,2 1,752.2 1,856.6 2,079.1 2,124.0 +901.5% +13.3% EBITDA 175.1 247.2 304.0 350.2 455.3 615.8 610.7 793.7 789.2 818.3 825.5 946.9 932.1 1,377.1 810.8 1,280.1 1,510.9 1,848.0 2,003.4 2,358.3 +1,246.7% +15.1% FFO 56.1 112.5 266.6 363.0 414.6 501.0 421.0 543.7 522.8 487.7 561.3 707.4 703.4 1,047.0 702.0 1,032.5 1,243.0 1,582.3 1,378.6 1,651.7 +2,844.3% +20.1% Net Income 21.2 74.0 163.3 218.4 298.2 388.1 284.6 368.1 362.2 311.9 369.4 472.9 471.0 964.2 453.1 769.3 1,020.4 1,340.8 1,141.1 1,386.3 +6,452.6% +25.4% Overview 4BarraShopping – Pixar event Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 175 2,358 21 1,386 56 1,652 5 Performance track record since the IPO (R$ million) Net Income CAGR: +25.4% EBITDA CAGR: +15.1% FFO CAGR: +20.1% 212 2,124 4,244 26,761 Sales Jun-26 (LTM) 2007 CAGR: +10.5% NOI CAGR: +13.3% 369 3,163 Gross Revenue CAGR: +12.3% Jun-26 (LTM) 2007 Jun-26 (LTM) 2007 Jun-26 (LTM) 2007 Jun-26 (LTM) 2007 Jun-26 (LTM) 2007 Overview Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Quality once again turns into records, and records into recurring value Message from the Company 6 The second quarter of 2026 reaffirmed the strength of Multiplan's business model, translating operational quality into a record-setting bottom line. Our malls reached an all-time high for a second quarter of R$6.8 billion in sales, up 7.7% year over year, even with a demanding comparison base and reduced operating hours during the four Brazil matchdays of the World Cup in June. This commercial vigor flowed consistently through the P&L, from revenue to cash generation. Rental revenue grew 3.2% to R$441.3 million, supported by recent expansions and real SSR growth of 2.7%, while Parking (+17.0%) and Services (+19.3%) each delivered double-digit growth. The quarter also captured the retroactive recognition of approximately R$253.0 million in PIS/COFINS credits, a positive event that reinforced results. These opportunities are not isolated windfalls but the natural outcome of a disciplined, efficiency-seeking management culture that consistently creates value. Efficiency remained the hallmark of the quarter. Property expenses fell 13.9%, benefiting from a negative net delinquency of -1.2%, driving NOI to a record of R$529.9 million (+6.7%) with a record for a second quarter NOI margin of 95.9%. This combination of revenue growth, cost discipline and high cash conversion is precisely what allows the Company to keep expanding margins as we grow. The result was a P&L of second-quarter records at every level. EBITDA rose 52.0% to R$699.2 million, with an 82.6% margin; FFO advanced 76.3% to R$515.7 million; and net income reached R$427.4 million, up 61.7%, the third highest value of any quarter. On a last-twelve-months basis, net income hit a new all-time high of R$1,386.3 million, our fourth consecutive year of net income LTM growth, with earnings per share up 6.9% in the quarter and ROE of 20.5%. Strong earnings translated directly into shareholder returns, with R$140.0 million in Interest on Capital approved in the quarter, leverage comfortably reduced to 1.93x Net Debt/EBITDA and following our growth strategy. We also continued to unlock the value of our real estate business, pre-launching Lake Baikal, the third phase of the Golden Lake neighborhood in Porto Alegre, while monetizing our landbank through the sale of three land plots adjacent to our malls for mixed-use development, generating cash to reinvest in growth and shareholder return. As we deliver our expansion pipeline, with two additional openings on track for the second half of the year, Multiplan enters the remainder of 2026 with the same conviction that has guided so far: focus on consumer habits, quality assets, operational excellence and financial discipline are the surest path to reaching new records, again and again. Looking ahead, we see artificial intelligence and digital innovation as powerful enablers of productivity and value creation, helping us operate more efficiently while deepening our understanding of consumer behavior, strengthening engagement and bringing Multiplan even closer to its customers. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Quality drives record margins and results! In 2Q26, Multiplan’s malls reached a new all-time high for a second quarter of R$6.8 billion in sales, up 7.7% year over year, driven by recent expansions and renovations across the portfolio, even with four Brazil matchdays during the World Cup in June, which reduced malls operating hours. Operational indicators in the quarter continued to reflect the portfolio’s quality: occupancy rose for the fifth consecutive year to 96.2%, while net delinquency reached -1.2%, the eighth negative reading in the last twelve quarters, underscoring tenants’ continued flight to quality toward the best malls. Solid operating performance translated into record financial results. In 2Q26, net revenue grew 22.0% to R$846.8 million, while NOI margin reached 95.9%, setting a new record for a second quarter. EBITDA increased 52.0% to R$699.2 million, with an 82.6% margin, FFO reached R$515.7 million, up 76.3%, and net income grew 61.7% to R$427.4 million, reinforcing the Company’s’ earnings and cash generation capacity. Highlights Operational Financial Capital Allocation Multi superapp 7 Sales +7.7% vs. 2Q25 Real SSR +2.7% vs. 2Q25 Net delinquency -1.2% in 2Q26 Net Income +61.7% vs. 2Q25 FFO +76.3% vs. 2Q25 NOI Margin 95.9% LTM IoC 1 R$550 M 1 Interest on Capital (IoC) approved in Jun-26 LTM. 2 EPS stands for Earnings per share: net income (LTM) divided by the number of outstanding shares (excluding treasury shares) at the end of the period. 3CAGR: Compound Annual Growth Rate. EPS2 CAGR3 +26.0% in 5 years IoC1/share: R$1.12 CAPEX R$129.9 M Accumulated downloads >10.5 M as of 2Q26 In-app sessions +16% Redeemed benefits +67% 1H26 vs. 1H25 in 2Q26 vs. 2Q25in 2Q26 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 -0.2% -1.1% 1.2% -1.0% -0.1% -0.5% 0.8% 0.2% -1.9% -0.9% 2.4% -1.2% 92.9% 89.9% 90.7% 92.0% 93.2% 91.5% 94.2% 95.0% 94.1% 96.1% 89.7% 95.9% 0.00% 50.00% 100.00% 150.00% 200.00% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Tax Credit (PIS/COFINS) In May 2026, Multiplan approved a revision of the methodology for recognizing credits related to PIS and COFINS contributions, in accordance with Article 6 of Law No. 11,488/2007. Based on calculations through March 2026, the Company identified approximately R$253.0 million in credits to be appropriated. The recognition of these credits had a positive impact on the quarter’s results. Rental revenues increased 3.2% in 2Q26, reflecting lower inflation and real SSR growth of 2.7%. NOI totaled R$529.9 million, up 6.7%, supported by continued efficiency gains and improved delinquency dynamics, including rent recoveries from previous periods. As a result, NOI margin once again surpassed 90%, reaching a new record for a second quarter of 95.9%, reinforcing the portfolio’s ability to combine revenue growth, cost discipline and high cash conversion. Efficiency gains drive record NOI margin Highlights 8 Net delinquency and NOI margin – Last 3 years 0.0% 90.0% NOI MarginNet delinquency “The recurrence of the non-recurrent” 8 of 12 quarters Negative net delinquency 10 of 12 quarters NOI Margin > 90% Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 9 Expansion pipeline fostering growth, with more to come Highlights BH Shopping – Expansion MorumbiShopping – Expansion ParkShopping – Expansion construction Multiplan continued to deliver its expansion pipeline, with the 6th MorumbiShopping expansion, opened in 1Q26, and the 6th BH Shopping expansion, opened in 2Q26. At MorumbiShopping, the new area helped drive the mall’s highest second-quarter sales growth since the Company’s IPO in Jul-07 (page 12). Two additional expansion openings remain on track for 2H26. BarraShopping’s expansion has advanced, with the tenant already working on its store fit-out , while ParkShopping’s expansion is 98.0% leased and expected to open on November 18. ParkShopping expansion: 98.0% leased BarraShopping – Expansion construction Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Capex discipline and higher shareholder distributions Highlights 10VillageMall Cup 2026 With the delivery of expansions and renovations, total Capex decreased to R$129.9 million in 2Q26, while renovation investments were 4.6%1 of NOI, reaching R$30.8 million. In 1H26, Capex totaled R$246.2 million, with renovation investments representing 3.7% of NOI. Strong earnings and cash generation supported higher shareholder distributions. Interest on capital (IoC) approved in the quarter totaled R$140.0 million, bringing 1H26 distributions to R$280.0 million, compared to R$230.0 million in 1H25. Multiplan continues to grow its results, further enhancing its distribution capacity. Total IoC distribution (R$)Total Capex (R$) 230.0 M 280.0 M 25000 125000 225000 325000 1H25 1H26 +21.7% 269.9 M 246.2 M 25000 125000 225000 325000 1H25 1H26 -8.8% 1 Renovation CAPEX excluding interest accrual. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 11 1 Does not consider Real Estate for sale activities (revenues, taxes, costs and expenses) and expenses related to future development. Headquarters expenses and stock options are proportional to the shopping centers revenues as a percentage of gross revenue. Profit & Loss Consolidated Financial Statements (R$'000) 2Q26 2Q25 Chg. % 1H26 1H25 Chg.% Rental revenue 441,281 427,534 +3.2% 877,450 836,715 +4.9% Services revenue 51,175 42,896 +19.3% 94,711 88,258 +7.3% Key money revenue (8,047) (2,883) +179.2% (9,748) 5,438 n.a. Parking revenue 98,748 84,403 +17.0% 182,653 159,517 +14.5% Real estate for sale revenue 37,774 171,298 -77.9% 338,676 190,715 +77.6% Straight-line effect 12,414 11,032 +12.5% 24,338 20,934 +16.3% Other revenues 4,562 6,983 -34.7% 9,687 10,778 -10.1% Gross Revenue 637,906 741,264 -13.9% 1,517,768 1,312,355 +15.7% Taxes on revenues 208,935 (47,208) n.a. 156,048 (92,623) n.a. Net Revenue 846,840 694,056 +22.0% 1,673,816 1,219,733 +37.2% Headquarters expenses (58,620) (51,467) +13.9% (108,493) (101,206) +7.2% Share-based compensations (19,691) (14,576) +35.1% (32,371) (23,608) +37.1% Property expenses (22,562) (26,213) -13.9% (77,343) (54,977) +40.7% Projects for lease expenses (2,512) (2,007) +25.2% (5,579) (4,030) +38.4% Projects for sale expenses (10,582) (7,877) +34.3% (21,063) (12,748) +65.2% Cost of properties sold (20,668) (126,608) -83.7% (192,742) (153,899) +25.2% Equity pickup (0) (0) n.a. (145) 1 n.a. Other operating revenues/expenses (13,018) (5,197) +150.5% (20,412) (8,539) +139.0% EBITDA 699,187 460,111 +52.0% 1,215,669 860,726 +41.2% Financial revenues 41,745 33,356 +25.2% 82,974 82,031 +1.1% Financial expenses (166,731) (168,174) -0.9% (356,800) (307,793) +15.9% Depreciation and amortization (34,682) (33,560) +3.3% (69,852) (72,421) -3.5% Earnings Before Taxes 539,518 291,732 +84.9% 871,991 562,543 +55.0% Income tax and social contribution (46,054) (21,650) +112.7% (74,290) (43,902) +69.2% Deferred income and social contribution taxes (66,030) (5,692) +1,060.1% (54,102) (20,165) +168.3% Minority interest (22) (23) -5.3% (41) (64) -35.3% Net Income 427,412 264,367 +61.7% 743,557 498,411 +49.2% (R$'000) 2Q26 2Q25 Chg. % 1H26 1H25 Chg.% NOI 529,880 496,756 +6.7% 1,007,099 962,189 +4.7% NOI margin 95.9% 95.0% +93 b.p. 92.9% 94.6% -173 b.p. Property EBITDA 1 687,440 451,476 +52.3% 1,128,265 870,401 +29.6% Property EBITDA margin 1 86.3% 84.6% +169 b.p. 86.8% 83.5% +327 b.p. EBITDA 699,187 460,111 +52.0% 1,215,669 860,726 +41.2% EBITDA margin 82.6% 66.3% +1,627 b.p. 72.6% 70.6% +206 b.p. Net Income 427,412 264,367 +61.7% 743,557 498,411 +49.2% Net Income margin 50.5% 38.1% +1,238 b.p. 44.4% 40.9% +356 b.p. FFO 515,711 292,587 +76.3% 843,173 570,064 +47.9% FFO margin 60.9% 42.2% +1,874 b.p. 50.4% 46.7% +364 b.p. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 MorumbiShopping Tenants’ sales Expansions and renovations enhance sales MorumbiShopping: first quarter after expansion opening, 25.0% sales growth In 2Q26, Multiplan’s malls recorded R$6.8 billion in sales, up 7.7% year over year. The strongest results came from the recently expanded MorumbiShopping (R$931.8 million, +25.0%) and Parque Shopping Maceió (R$232.3 million, +14.6%), as well as VillageMall (R$330.7 million, +10.7%). The quarter was also marked by the start of the World Cup in June, with four Brazil matchdays during the period. On these days, mall operating hours were reduced, and foot traffic was affected, adding further context to the quarter’s sales figures. For more details, please refer to the case study on page 15. MorumbiShopping’s first full quarter after the expansion opening delivered the asset’s highest1 second quarter sales growth since Multiplan’s IPO (Jul-07): +25.0% vs. 2Q25. This sales increase was more than twice the 11.6% growth in the mall’s total GLA after the expansion, underscoring the productivity of the new area and its positive effect on the whole mall. The project also supported a clear increase in customer traffic, with car flow rising 19.9% in the quarter. MorumbiShopping’s sales (R$) 745.7 M 931.8 M 2Q25 2Q26 +25.0% Operational Indicators 12 Sales Quarterly tenants’ sales (R$) 1 Does not consider the pandemic period (2020-2022). 4,9 B 5,2 B 5,6 B 6,3 B 6,8 B 1,000,000.. B 3,000,000.. B 5,000,000.. B 7,000,000.. B 9,000,000.. B 2Q22 2Q23 2Q24 2Q25 2Q26 +7.7% Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 VillageMall Multiplan’s portfolio Brazilian malls 142.5% 100% 136.6% 104.7% 90% 110% 130% 150% 2Q22 2Q23 2Q24 2Q25 2Q26 407.4 M 466.5 M 1H25 1H26 VillageMall Parque Shopping Maceió: expansion boosting momentum VillageMall: premium social hub driving sales growth VillageMall recorded R$330.7 million in sales in 2Q26, up 10.7% vs. 2Q25. With high-end restaurants, services, open-air events and abundant natural light, VillageMall is a natural destination for quality social experiences, a demand that has intensified in the post-pandemic period. Between 2Q22 and 2Q26, sales increased 42.5%, outperforming Multiplan’s portfolio (+36.6%) and Brazilian malls, as measured by ABRASCE1 (+4.7%). Parque Shopping Maceió also continued to benefit from the expansion opened in Nov-25, with sales reaching R$232.3 million in 2Q26, up 14.6% vs. 2Q25. Since the expansion opening, the mall has delivered double-digit year over year sales growth in every quarter, with a consistent acceleration: +10.8% in 4Q25, +14.5% in 1Q26, and +14.6% in 2Q26, reinforcing the expansion’s contribution to the asset’s growth trajectory. Looking ahead, the opening of new operations should create additional upside potential. VillageMall, Multiplan and Brazilian malls sales growth (Base 100) +14.6% Parque Shopping Maceió – Expansion Operational Indicators 13 Sales 202.8 M 232.3 M 2Q25 2Q26 +14.5% Pre-expansion Post-expansion 1 Source: Brazilian Association of Shopping Centers (ABRASCE) Annual Census. Comparison between 2022 and 2025. 1 Parque Shopping Maceió sales (R$) Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Operational Indicators 14 Sales Tenants’ sales (100%) (R$) 2Q26 2Q25 Chg. % 1H26 1H25 Chg. % BH Shopping 479.2 M 468.9 M +2.2% 895.3 M 875.4 M +2.3% RibeirãoShopping 392.5 M 363.7 M +7.9% 731.6 M 676.0 M +8.2% BarraShopping 913.9 M 875.5 M +4.4% 1,783.6 M 1,709.2 M +4.4% MorumbiShopping 931.8 M 745.7 M +25.0% 1,656.9 M 1,378.5 M +20.2% ParkShopping 451.3 M 447.8 M +0.8% 852.0 M 831.4 M +2.5% DiamondMall 268.5 M 254.7 M +5.4% 507.1 M 472.7 M +7.3% New York City Center 67.9 M 64.8 M +4.8% 133.0 M 120.8 M +10.1% ShoppingAnáliaFranco 484.1 M 443.3 M +9.2% 894.2 M 807.8 M +10.7% ParkShoppingBarigüi 521.0 M 475.6 M +9.5% 957.2 M 877.5 M +9.1% Pátio Savassi 170.1 M 162.9 M +4.4% 323.5 M 308.3 M +4.9% ShoppingSantaÚrsula 45.6 M 45.9 M -0.7% 87.1 M 85.6 M +1.7% BarraShoppingSul 268.3 M 274.5 M -2.2% 508.1 M 520.1 M -2.3% ShoppingVilaOlímpia 112.3 M 108.6 M +3.3% 216.6 M 203.2 M +6.6% ParkShoppingSãoCaetano 292.4 M 273.4 M +7.0% 537.2 M 498.4 M +7.8% JundiaíShopping 203.6 M 199.5 M +2.0% 376.5 M 367.8 M +2.4% ParkShoppingCampoGrande 199.4 M 194.3 M +2.6% 378.8 M 368.6 M +2.8% VillageMall 330.7 M 298.8 M +10.7% 608.2 M 553.1 M +9.9% Parque Shopping Maceió 232.3 M 202.8 M +14.6% 466.5 M 407.4 M +14.5% ParkShopping Canoas 220.3 M 212.6 M +3.6% 418.1 M 399.8 M +4.6% ParkJacarepaguá 168.5 M 156.7 M +7.5% 325.2 M 314.4 M +3.5% Total 6,753.8 M 6,270.1 M +7.7% 12,656.7 M 11,776.0 M +7.5% BarraShopping – Pixar event Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 15 1 Sales during the World Cup compared with sales on the same weekdays in 2025. The World Cup was held from June 11 to July 19, 2026. Of the 104 matches held during the sporting event, the Brazilian national team played five, four of which took place in June. During Brazil's matches, the Company's malls operated on reduced hours. The chart below presents sales performance across Multiplan's malls during June, comparing each day of the World Cup with the corresponding weekday in 2025. World Cup Case Study World Cup 94.5% 148.5% 75.0% 97.6% 95.4% 103.7% 108.8% 97.4% 82.0% 120.3% 103.8% 106.1% 105.5% 79.2% 108.1% 110.4% 118.8% 129.3% 63.3% 100% 11/jun 12/jun 13/jun 14/jun 15/jun 16/jun 17/jun 18/jun 19/jun 20/jun 21/jun 22/jun 23/jun 24/jun 25/jun 26/jun 27/jun 28/jun 29/jun World Cup - Sales¹ (2026 vs. 2025) 1st World Cup game World Cup games Brazil game Brazil's match days Sales on World Cup matchdays remained broadly in line with the corresponding weekdays in 2025, indicating that the tournament had a limited impact on overall consumer spending. In fact, sales on matchdays in Jun-26 increased by 2.6% compared to Jun-25. However, sales patterns varied depending on Brazil's participation. While Brazil matchdays recorded sales equivalent to 75.4% of the comparable period, non-Brazil matchdays reached 110.4%, above the previous year's levels. The results indicate that consumer behavior was primarily affected during the Brazilian national team's matches, temporarily changing shopping patterns and reducing mall activity. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Same Store Sales (SSS) Same Store Sales 2Q26 x 2Q25 Anchor Satellite Total Food Court & Gourmet Area -2.7% +4.1% +4.0% Apparel +5.6% +1.8% +2.9% Home & Office -24.7% -3.2% -7.8% Miscellaneous +5.9% +8.4% +7.6% Services +12.7% +6.3% +7.6% Total +4.9% +4.2% +4.3% Same Store Sales 1H26 x 1H25 Anchor Satellite Total Food Court & Gourmet Area +11.1% +7.3% +7.3% Apparel +4.0% +2.3% +2.6% Home & Office -27.0% -2.3% -7.8% Miscellaneous +4.9% +7.8% +6.9% Services +8.4% +8.7% +8.6% Total +3.2% +5.3% +4.7% Expansion boosting the entire mall SSS growth led by Services and Miscellaneous Same Store Sales (SSS) grew 4.3% in 2Q26 vs. 2Q25, with Services and Miscellaneous segments standing out as the quarter’s highlights, both up 7.6%. The Home & Office segment was affected by a tougher comparison base vs. 2Q25, especially in the Electronics activity (-17.6%). In 1H26, total SSS growth was 4.7% vs. 1H25. The segment that grew the most was Services, reaching +8.6% over 1H25, supported by the Pharmacy activity. MorumbiShopping was the highlight of the quarter in terms of SSS growth, up 9.4% vs. 2Q25. The performance reflects the first full quarter after the opening of the mall’s sixth expansion in March, which introduced a wide range of stores, services, and experiences to the asset. The mall's SSS of 9.4% in the quarter is clear evidence of the value created by the expansion across the shopping center as a whole. As a result, MorumbiShopping also delivered its strongest second-quarter total sales growth since Multiplan’s IPO (Jul-07). For further details, please refer to page 12. Operational Indicators Same Store Sales (SSS) MorumbiShopping – Expansion 16 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 In 2Q26, Multiplan’s malls reached an average occupancy rate of 96.2%, up 8 b.p. vs. 2Q25. The increase was achieved despite the addition of new GLA from expansions delivered at Parque Shopping Maceió (Nov-25), MorumbiShopping (Mar-26), and BH Shopping (Jun-26). This marked the fifth year-over-year consecutive increase in occupancy, the longest streak recorded in a second quarter since the Company’s IPO in Jul-07, underscoring the strong demand for high- quality space across the portfolio and the effectiveness of Multiplan’s active management. The main highlights in terms of occupancy in the quarter were ShoppingVilaOlímpia, at 88.1% (+687 b.p.), JundiaíShopping, at 97.3% (+585 b.p.), and ParkShoppingBarigüi, at 98.0% (+286 b.p.). Occupancy rate Five consecutive years of improvement Operational Indicators Occupancy rate & Turnover 17 Shopping center average occupancy rate 95.3% 95.4% 96.0% 96.1% 96.2% 93.1% 94.1% 95.1% 96.1% 97.1% 98.1% 99.1% 100.1% 2Q22 2Q23 2Q24 2Q25 2Q26 +8 b.p. Turnover In 2Q26, Multiplan presented a turnover of 1.3% of the total GLA (11,531 sq.m), with 82 new stores. Satellite stores accounted for 77.1% of the GLA turnover for the quarter, representing 81 satellite stores added to the portfolio, while the addition of one anchor store accounted for the remaining 22.9%. Apparel and Services segments achieved the highest net positive turnover in the quarter, totaling 974 sq.m and 962 sq.m, respectively. Notably, this marks a shift from the trend observed between 2021 and 2024, when Food Court & Gourmet Area consistently led net positive turnover, and from 2025, when Miscellaneous ranked first. Over the last twelve months (Jun-26 LTM), however, Apparel emerged as the leading segment. Apparel and Services drive turnover • The highest turnover of the quarter was recorded by BarraShoppingSul, representing 24.2% of the total turnover (2,786 sq.m). The growth was driven primarily by the addition of an anchor store in the Apparel segment — the most notable portfolio addition in terms of GLA. • ShoppingAnáliaFranco accounted for 11.6% of the total turnover (1,338 sq.m), the second- highest of the quarter. Once again, the Apparel segment led turnover, with the addition of two new stores, totaling 1,045 sq.m. • ShoppingVilaOlímpia represented 10.2% of the total turnover (1,173 sq.m), with three new stores added, two of which were in the Services segment. • ParkShoppingCampoGrande also experienced a strong turnover during the quarter, accounting for 8.8% (1,009 sq.m) of the total turnover, with eight new stores added. Services represented 57.9% of the mall GLA turnover for the period. The highlights of the quarter Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Segments’ net turnover effect in sq.m and as a % of total GLA – 2Q26 -1,235 -771 70 962 974 Miscellaneous Home & Office Food Court & Gourmet Area Services Apparel -0.09% +0.01% -0.15% +0.11% +0.11% Shopping center turnover in GLA (sq.m) and as a % of total GLA (%) 49,173 80,307 47,878 40,901 46,183 6.2% 9.1% 5.4% 4.6% 5.1% 2022 2023 2024 2025 Jun-26 (LTM) Shopping center turnover in GLA (sq.m) and as a % of total GLA (%) 9,816 11,707 12,232 10,712 11,531 1.1% 1.3% 1.4% 1.2% 1.3% 2Q25 3Q25 4Q25 1Q26 2Q26 GLA distribution by segment – Jun-26 GLA distribution by store size1 – Jun-26 ¹ Anchor stores occupy at least 1,000 sq.m (10,763 sq. foot). Satellite stores are stores with less than 1,000 sq.m (10,763 sq. foot). GLA variation Jun-26 vs. Jun-16 in b.p. Miscellaneous 22.2% Food Court & Gourmet Area 15.4% Apparel 33.4%Services 23.4% Home & Office 5.5% -278 b.p. +54 b.p. +451 b.p. -310 b.p. +83 b.p. Satellite 57.9% Anchor 42.1% -315 b.p. +315 b.p. Operational Indicators Turnover 18 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Occupancy Cost Lowest occupancy cost for a second quarter since the IPO In 2Q26, tenants' occupancy cost stood at 12.3%, standing at its lowest level for a second quarter quarter since IPO (Jul-07). This performance was mainly driven by tenant sales growth (+7.7%), which continued to outpace the increase in malls rental revenue (+3.4%) and common expenses (+6.5%), leading to a dilution of occupancy cost over the period. Operational Indicators Occupancy Cost 19BarraShopping 4.7% 4.9% 4.9% 4.8% 4.7% 4.8% 8.6% 8.7% 8.1% 7.8% 7.6% 8.2% 13.3% 13.6% 13.0% 12.6% 12.3% 13.0% 2Q22 2Q23 2Q24 2Q25 2Q26 Series Average 2Q22- 2Q26 Common expenses as sales % Rent as sales % Quarterly occupancy cost breakdown Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Gross revenue Hard comps and double-digit parking and services revenue growth Multiplan’s gross revenue totaled R$637.9 million in 2Q26, down 13.9% from 2Q25. The decline was mainly driven by Real Estate for Sale revenue, which fell 77.9% to R$37.8 million, reflecting a tougher comparison base, as 2Q25 included both the beginning of revenue accrual from Lake Eyre and the accrual of revenue from a land plot sale in Ribeirão Preto. Growth across other revenue lines had as a highlight Parking and Services, both of which posted their second-highest quarterly results on record, with double-digit growth. Gross revenue 20 Parking revenue increased 17.0% from 2Q25, mainly driven by (i) a 3.5% increase in car flow, (ii) the acquisition of a 7.5% stake in BarraShopping, and (iii) parking fee adjustments. Services revenue totaled R$51.2 million, up 19.3% from 2Q25, supported by (i) management fees benefiting from a 6.7% increase in NOI and (ii) higher brokerage fees. Rental revenue grew 3.2% vs. 2Q25, amounting to R$441.3 million. Results also reflect the impact of minority stake acquisitions and disposals carried out over the period. 741.3 M 637.9 M +13.7 M +14.3 M +8.3 M +1.4 M -133.5 M -5.2 M -2.4 M Gross Revenue 2Q25 Rental Parking Services Straight-line effect Real estate for sale Key money Others Gross Revenue 2Q26 Rental 69.2% Services 8.0% Parking 15.5% Real estate for sale 5.9% Other revenues¹ 1.4% Gross revenue evolution (R$) – 2Q26 vs. 2Q25 Gross revenue breakdown % – 2Q26 -13.9% 1 “Other revenues” include ”Key money revenue”, “Straight-line effect” and “Other revenues”. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Rental revenue Rental revenue Recent expansions leverage rental revenue growth In 2Q26, Multiplan’s total rental revenue (the sum of malls and office towers) increased 3.2% vs. 2Q25, reaching R$441.3 million. Malls accounted for R$428.0 million of this figure, representing a 3.4% increase year-over-year, mainly driven by: • contribution from the three recently delivered expansions — Parque Shopping Maceió (Nov- 25), MorumbiShopping (Mar-26) and BH Shopping (Jun-26); • the acquisition of an additional 7.5% stake in BarraShopping in Nov-25; • real SSR growth of 2.7% on top of the 1.4% IGP-DI adjustment effect; • overage rent growth of 21.8%, supported by a 7.7% sales growth vs. 2Q25; and • a 6.2% increase in Mall & Media revenue. These positive effects were partially offset by a 20% stake sale in ParkShoppingSãoCaetano (Dec- 25) and a 10% stake in BH Shopping (Mar-26). 361.1 M 384.7 M 381.3 M 414.1 M 428.0 M 13.9 M 14.4 M 13.1 M 13.4 M 13.3 M374.9 M 399.1 M 394.4 M 427.5 M 441.3 M 2Q22 2Q23 2Q24 2Q25 2Q26 Quarterly rental revenue evolution (R$) Mall rental revenue Office tower rental revenue +3.2% Quarterly rental revenue breakdown % – 2Q26 Base rent 86.5% Mall & Media 9.0% Overage 4.6% 21 BarraShopping - Sticker trading area Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 22 Rental revenue Rental revenue (R$) 2Q26 2Q25 Var.% 1H26 1H25 Var.% BH Shopping 39.9 M 45.2 M -11.6% 83.1 M 88.4 M -6.1% RibeirãoShopping 25.7 M 24.7 M +3.9% 50.9 M 50.1 M +1.6% BarraShopping 70.0 M 62.4 M +12.2% 142.0 M 121.8 M +16.6% MorumbiShopping 64.3 M 58.3 M +10.2% 124.9 M 116.2 M +7.5% ParkShopping 28.5 M 28.9 M -1.4% 57.2 M 56.3 M +1.6% DiamondMall 19.5 M 19.0 M +2.7% 38.7 M 37.2 M +3.8% New York City Center 3.8 M 3.8 M +0.1% 7.5 M 7.2 M +4.9% ShoppingAnáliaFranco 12.8 M 12.1 M +6.4% 25.2 M 23.5 M +7.1% ParkShoppingBarigüi 36.1 M 31.9 M +13.5% 68.7 M 62.7 M +9.5% Pátio Savassi 14.0 M 14.7 M -4.9% 28.0 M 29.1 M -3.6% ShoppingSantaÚrsula 2.5 M 2.5 M +1.4% 5.1 M 4.7 M +10.3% BarraShoppingSul 20.4 M 20.4 M -0.1% 39.7 M 39.4 M +0.8% ShoppingVilaOlímpia 5.5 M 5.2 M +5.4% 11.0 M 10.1 M +9.3% ParkShoppingSãoCaetano 16.1 M 19.1 M -16.1% 31.3 M 36.3 M -13.8% JundiaíShopping 11.1 M 10.7 M +3.3% 21.9 M 20.9 M +4.9% ParkShoppingCampoGrande 11.6 M 11.7 M -0.2% 23.6 M 22.7 M +3.7% VillageMall 18.3 M 16.8 M +9.0% 34.4 M 31.2 M +10.1% Parque Shopping Maceió 8.2 M 7.2 M +13.2% 16.1 M 14.4 M +12.1% ParkShopping Canoas 9.0 M 8.9 M +1.0% 18.2 M 17.4 M +4.2% ParkJacarepaguá 10.7 M 10.6 M +1.1% 24.0 M 21.5 M +11.5% Subtotal Malls 428.0 M 414.1 M +3.4% 851.3 M 811.0 M +5.0% Morumbi Corporate 10.9 M 11.2 M -2.5% 21.4 M 21.3 M +0.7% ParkShopping Corporate 2.4 M 2.2 M +6.2% 4.7 M 4.4 M +6.6% Subtotal Office Towers 13.3 M 13.4 M -1.1% 26.1 M 25.7 M +1.7% Total Portfolio 441.3 M 427.5 M +3.2% 877.5 M 836.7 M +4.9% 2Q26 RibeirãoShopping – Spinning Day event Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 ParkShoppingBarigüi 1.4% 4.1% IGP-DI adjustment effect (2Q26) SSR (2Q26 vs. 2Q25) 4.6% 3.6% IPCA (Jun-26 LTM) IGP-DI (Jun-26 LTM) 2Q26 Real SSR: +2.7% Indexes and SSR analysis – 2Q26Same Store Rent (SSR) Real SSR growth of 2.7% in 2Q26 In 2Q26, Multiplan's portfolio recorded Same Store Rent (SSR) of 4.1% vs. 2Q25, representing real growth of 2.7%, on top of a 1.4% IGP-DI adjustment effect, while the IGP-DI stood at 3.6% in the last twelve months. The IGP-DI adjustment effect shown in the chart reflects inflation updates to lease agreements during the period. A simplified historical simulation is available on the Company’s IR website (link). Same Store Rent (SSR) 23 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 61.3 M 72.1 M 72.0 M 84.4 M 98.7 M - 20,000 40,000 60,000 80,000 100,000 120,000 2Q22 2Q23 2Q24 2Q25 2Q26 Parking, Services revenues & Property Expenses 24 Parking revenue Services revenue Parking accelerates with 17% growth Double-digits: highest growth in 10 years In 2Q26, parking revenue increased 17.0%, reaching R$98.7 million, the Company’s second-highest amount ever. The performance was mainly driven by tariff adjustments and recently opened expansions, particularly MorumbiShopping, which recorded vehicle flow increase of 19.9%. Notably, this result came on top of a strong 17.3% increase in 2Q25, which had also been supported by expansions opened around the time, reinforcing the recurring contribution of these projects to ancillary revenue growth. The performance was achieved despite the impact of minority stake acquisitions and disposals completed in the period. Over the past five years, parking revenue has grown at a 12.6% CAGR. In 2Q26, services revenue reached R$51.2 million, a 19.3% increase compared to 2Q25. This represented the second-highest quarterly result ever and the strongest second-quarter growth1 since 2016. The increase was mainly driven by higher management fees, supported by a 6.7% growth in NOI, as well as brokerage fees, which benefited from the opening of recently inaugurated expansions. 29.4 M 32.5 M 36.9 M 42.9 M 51.2 M - 10,000 20,000 30,000 40,000 50,000 60,000 2Q22 2Q23 2Q24 2Q25 2Q26 Parking revenue (R$) +17.0% Services revenue (R$) +19.3% 1 Does not consider the pandemic period (2020-2022) 59.2 M 53.4 M 37.9 M 26.2 M 22.6 M 13.8% 11.3% 8.0% 5.0% 4.1% 2Q22 2Q23 2Q24 2Q25 2Q26 Property Expenses Property expenses evolution (R$) and as a % of property revenues1 In 2Q26, property expenses (the sum of shopping center and office tower for lease expenses) totaled R$22.6 million, a 13.9% decrease vs. 2Q25. The reduction was mainly driven by: (i) lower rent provisions, reflecting the recovery of past-due rents, negative net delinquency rate (-1.2%); and (ii) lower vacancy-related expenses, following the 8 b.p. increase in occupancy rate. Property expenses represented 4.1% of property revenues1 in 2Q26, 793 b.p. lower than the second- quarter average since the IPO2 (12.0%). Property expenses reflect higher operating efficiency -13.9% 1 Includes rental revenue, parking revenue and the straight- line effect. 2 Multiplan’s IPO was in Jul-07. -61.9% Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Net Operating Income (NOI) 368.9 M 419.8 M 434.7 M 496.8 M 529.9 M 86.2% 88.7% 92.0% 95.0% 95.9% 2Q22 2Q23 2Q24 2Q25 2Q26 Net Operating Income (NOI) NOI and NOI margin reach second- quarter record levels Net Operating Income (NOI) reached R$529.9 million in 2Q26, the highest second-quarter result in the Company's history, up 6.7% vs. 2Q25, while the NOI margin reached 95.9%, also a record for a second quarter. On a last twelve months (LTM) basis, NOI totaled another record of R$2,124.0 million. The quarterly performance was primarily driven by parking revenue growth of 17.0%, a 3.2% increase in rental revenue, lower property expenses (-13.9%) and minority stake changes. Revenue growth reflected the successful leasing and opening of recently completed expansions, while lower property expenses mainly reflected the reduction in rent provisions given the negative net delinquency rate (-1.2%). Over the past five years, Multiplan’s Net Operating Income (NOI) has delivered a compound annual growth rate (CAGR) of 9.5%. NOI (R$) and NOI margin (%) +6.7% NOI (R$) 2Q26 2Q25 Chg.% Jun-26 (LTM) Jun-25 (LTM) Chg.% Rental revenue 441.3 M 427.5 M +3.2% 1,896.2 M 1,780.3 M +6.5% Straight-line effect 12.4 M 11.0 M +12.5% -7.9 M -13.6 M -41.6% Parking revenue 98.7 M 84.4 M +17.0% 369.6 M 336.9 M +9.7% Operating revenue 552.4 M 523.0 M +5.6% 2,257.9 M 2,103.6 M +7.3% Property expenses -22.6 M -26.2 M -13.9% -133.9 M -138.5 M -3.3% NOI 529.9 M 496.8 M +6.7% 2,124.0 M 1,965.0 M +8.1% NOI Margin 95.9% 95.0% +93 b.p. 94.1% 93.4% +66 b.p. CAGR : +9.5% ParkShoppingBarigüi 25 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 G&A & Share-based compensation expenses 26 Multiplan’s G&A expenses totaled R$58.6 million in 2Q26, up 13.9% from 2Q25, representing only 6.9% of net revenue. The increase was mainly driven by non-recurring labor contingencies and wage agreement expenses. Share-based compensation expenses Share-based compensation expenses totaled R$19.7 million in 2Q26, up 35.1% year-over-year, mainly reflecting new plan grants, mark-to-market of the labor taxes related to programs maturing in the quarter, partially offset by the end of tranches of prior plans. G&A (headquarters) expenses 44.5 M 43.8 M 45.9 M 51.5 M 58.6 M 10.2% 8.7% 8.5% 7.4% 6.9% 2Q22 2Q23 2Q24 2Q25 2Q26 Annual evolution of G&A expenses (R$) and as a % of net revenue Share-based compensation expenses (R$) +13.9% 9.2 M 15.4 M 16.2 M 14.6 M 19.7 M 2Q22 2Q23 2Q24 2Q25 2Q26 +35.1% RibeirãoShopping – Classic car event Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Real Estate for Sale Real Estate for Sale Results 27Golden Lake – Lake Eyre construction Revenue driven by Golden Lake In 2Q26, Real Estate for Sale revenue totaled R$37.8 million, down 77.9% from 2Q25, reflecting a tougher comparison base, as 2Q25 benefited from (i) the beginning of revenue accrual from Lake Eyre and (ii) the accrual of revenue from a land plot sale in Ribeirão Preto. Following the completion of construction of Golden Lake’s first phase, Lake Victoria, all units sold through June 30, 2026 were fully recognized as revenue. Accrued revenue and potential sales value (PSV) both totaled R$444.8 million, with 78.7% of units sold. Lake Eyre contributed R$20.7 million in revenue in 2Q26, bringing cumulative accrued revenue to R$111.0 million as of Jun-26. At the end of the period, 76.4% of its units had been sold, representing R$293.6 million in potential sales value (PSV), compared with total expected PSV of R$350.0 million. 1 Sales accounted until June 30, 2026. 2 PSV stands for Potential Sales Value. Does not include interest. Includes inflation adjustment. 3 Does not include interest. Includes inflation adjustment. Sales 1 Phase Estimated total PSV 2 (R$ million) % of units PSV sold 2 (R$ million) Lake Victoria 600.0 M 78.7% 444.8 M Lake Eyre 350.0 M 76.4% 293.6 M Accrued revenue3 (R$ million) 444.8 M 111.0 M Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Real Estate for Sale Results 2Q26 28 Images of the inaugurated Wellness Center Golden Lake’s common areas take shape: Wellness Center delivered In July, Golden Lake inaugurated its Wellness Center, a flagship amenity featuring a 25-meter indoor heated pool, a state-of-the-art fitness center and a full-service spa with a therapeutic pool. The facility complements Golden Lake’s broader resort-style infrastructure, which includes the Main Lake with decks and private beaches, Golden Park with tennis courts and outdoor lounges, and the Beach Club with entertainment areas. Together, these deliveries reinforce the development’s differentiated lifestyle proposition. All common areas of the condominium are expected to be completed by year-end. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Financial Results EBITDA 293.1 M 369.6 M 369.4 M 451.5 M 687.4 M 69.0% 77.2% 78.2% 84.6% 86.3% 2Q22 2Q23 2Q24 2Q25 2Q26 Property EBITDA Property EBITDA margin 287.6 M 369.4 M 389.6 M 460.1 M 699.2 M 65.9% 73.5% 72.2% 66.3% 82.6% 2Q22 2Q23 2Q24 2Q25 2Q26 EBITDA EBITDA growth supported by higher revenues In 2Q26, Multiplan posted record second-quarter EBITDA of R$699.2 million, up 52.0% vs. 2Q25, with the strongest year-over-year growth for a second quarter in four years. The Company's EBITDA has delivered a CAGR of 24.9% since 2Q22, corresponding to a cumulative nominal increase of 143.1%. EBITDA growth during the quarter reflected the expansion of the Company’s key revenue lines: services (+19.3%), parking (+17.0%), rental revenue (+3.2%) and revenue tax credits, combined with disciplined cost and expense management, leading to EBITDA margin expansion. EBITDA margin reached 82.6%, an increase of 1,627 b.p. compared to 2Q25 and marking the highest level for a second quarter since 2Q18. Property EBITDA totaled R$687.4 million, setting a new second-quarter record, while Property EBITDA margin reached 86.3%, also the highest figure for a second quarter, up 169 b.p. year-over-year. Over the last twelve months, EBITDA totaled R$2,358.3 million, growing 22.3% vs. Jun-25 (LTM). +52.0% EBITDA (R$) and EBITDA margin (%) +52.3% Property EBITDA (R$) and margin (%) 1,084.2 M 1,424.2 M1,564.3 M 1,928.3 M 2,358.3 M 66.7% 73.3% 72.9% 71.4% 73.9% Jun-22 (LTM) Jun-23 (LTM) Jun-24 (LTM) Jun-25 (LTM) Jun-26 (LTM) EBITDA EBITDA Margin +22.3% +143.1% +117.5% 29 +134.6% ParkJacarepaguá – Running event Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Financial Results 30 Debt and Cash Debt and Cash 507 M 1,652 M 176 M 203 M 654 M 606 M 707 M 695 M 440 M 440 M 440 M 526 M Cash (Jun-26) FFO (Jun-26 LTM) 2H26 2027 2028 2029 2030 2031 2032 2033 2034 2035 By the end of Jun-26, Multiplan’s gross debt totaled R$5,058.1 million, 6.7% below Mar-26 (R$5,421.7 million). Of the total amount, 95.8% was indexed to CDI and 4.2% to TR. The average cost of debt at quarter-end stood at 14.68%, 43 b.p. above the period-end Selic rate, and 53 b.p. lower than in Mar-26 (15.21%), while the period-end Selic rate dropped by 50 b.p. over the same period. Debt amortization schedule 3 – Jun -26 (R$) Weighted average cost of debt (% p.a.) 14.25% 13.75% 7.00% 6.50% 4.50% 2.00% 9.25% 13.75% 11.75% 12.25% 15.00% 14.75% 14.25% 13.09% 13.18% 8.24% 7.62% 5.35% 3.19% 9.73% 13.81% 12.26% 12.82% 15.45% 15.21% 14.68% 1.5% 3.5% 5.5% 7.5% 9.5% 11.5% 13.5% 15.5% Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Mar-26 Jun-26 Period-end Selic rate Multiplan's average cost of debt (gross debt) 3 Considers principal amounts only, excluding interest and funding costs. Lower cost of debt Debt interest indexes (p.a.) in Jun -26 Index Performance Average Interest Rate1 Cost of Debt Gross Debt2 (R$) TR 2.01% 8.24% 10.25% 213.2 M CDI 14.25% 0.63% 14.88% 4,844.9 M Total 13.73% 0.95% 14.68% 5,058.1 M 1 Weighted average annual interest rate. 2 The Company’s debt is denominated in local currency. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 2.27x 2.26x 2.33x 2.13x 1.93x 1.00x 2.00x 3.00x 4.00x Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Lowest covenant (4.50x) Evolution of Net Debt/EBITDA LTM Financial Results 31 339.3 M 463.6 M 537.7 M 595.5 M 634.1 M 5.68x 4.23x 3.73x 3.56x 4.03x -8.00x -3.00x 2.00x 7.00x 12.00x 17.00x Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Net Financial Expenses EBITDA / Net Financial Expenses Lower leverage driven by higher EBITDA Multiplan ended 2Q26 with a cash position of R$506.8 million and net debt of R$4,551.3 million, 1.0% higher than in Mar-26 (R$4,507.8 million). The Company’s Net Debt/EBITDA ratio ended Jun- 26 at 1.93x, down 0.20x compared to Mar-26 (2.13x), reflecting the 11.3% growth in LTM EBITDA vs. Mar-26. Main cash outflows during the quarter included: i. R$129.9 million as investments (CAPEX); ii. scheduled debt amortizations totaling R$313.1 million and R$184.7 million as interest1; and iii. disbursement of R$105.8 million as Interest on Capital2. The cash outflow was partially offset by the R$515.7 million cash generation (FFO) during the quarter, including the recognition of tax credits during the period. Financial expenses (R$) and coverage ratio (LTM) 1 Net of financial revenues. 2 Net of withholding taxes. Financial Position Analysis (R$) Jun. 30, 2026 Mar. 31, 2026 Chg. Gross Debt 5,058.1 M 5,421.7 M -6.7% Cash Position 506.8 M 913.9 M -44.5% Net Debt 4,551.3 M 4,507.8 M +1.0% EBITDA LTM 2,358.3 M 2,119.2 M +11.3% Fair Value of Investment Properties 33,051.6 M 32,269.0 M +2.4% Net Debt/EBITDA 1.93x 2.13x -0.20x Gross Debt/EBITDA 2.14x 2.56x -0.41x EBITDA/Net Financial Expenses 4.03x 3.56x +0.47x Net Debt/Fair Value 13.8% 14.0% -20 b.p. Total Debt/Shareholders Equity 0.75x 0.84x -10.6% Net Debt/Market Cap 30.3% 27.6% +269 b.p. Weighted Average Maturity (Months) 57 56 +2.6% Highest covenant (2.00x) Debt and Cash ParkShopping Canoas Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Financial Results 32 Funds from Operations (FFO) 231.7 M 286.3 M 318.8 M 292.6 M 515.7 M 53.1% 57.0% 59.1% 42.2% 60.9% 2Q22 2Q23 2Q24 2Q25 2Q26 FFO FFO margin Funds from Operations (FFO) FFO per share more than doubles in four years, LTM FFO all-time high In 2Q26, Funds from Operations (FFO) totaled R$515.7 million, up 76.3% from 2Q25, while the FFO margin reached 60.9%, an increase of 1,874 b.p. The quarterly performance was helped by the recognition of tax credits during the period, as detailed on page 8. This performance contributed to Jun-26 LTM FFO reaching an all-time high of R$1,651.7 million, up 9.7% from Jun-25 (LTM). Notably, LTM FFO has now increased for four consecutive years, representing a 15.5% CAGR1 over the period, despite the SELIC2 rate remaining in double-digit territory throughout the entire timeframe. On a per-share basis, growth was even stronger, with Jun-26 LTM FFO per share3 recording a 20.8% CAGR1 over the same period, more than doubling. FFO (R$) and FFO margin (%) +76,3% FFO (R$) 2Q26 2Q25 Chg.% Jun-26 (LTM) Jun-25 (LTM) Chg.% Net Income 427.4 M 264.4 M +61.7% 1.386,3 M 1,290.5 M +7.4% (-) Depreciation and amortization (34.7 M) (33.6 M) +3.3% (135.2 M) (142.4 M) -5.0% (-) Deferred income and social contribution (66,0 M) (5.7 M) +1,060.1% (122.3 M) (59.7 M) +105.0% (-) Straight-line effect 12.4 M 11.0 M +12.5% (7.9 M) 13.6 M -41.6% FFO 515.7 M 292.6 M +76.3% 1,651.7 M 1,506.1 M +9.7% FFO Margin 60.9% 42.2% +1,874 b.p. 51.7% 55.8% -403 b.p. 1.58 1.95 2.32 3.08 3.36 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 Jun-22 (LTM) Jun-23 (LTM) Jun-24 (LTM) Jun-25 (LTM) Jun-26 (LTM) FFO per share3 (R$) +9.1%CAGR1: +20.8% 927.3 M 1,137.5 M 1,341.9 M 1,506.1 M 1,651.7 M 13.25% 13.75% 10.50% 15.00% 14.25% Jun-22 (LTM) Jun-23 (LTM) Jun-24 (LTM) Jun-25 (LTM) Jun-26 (LTM) FFO SELIC rate (end of period) FFO (R$) and SELIC Rate2 (%) FFO CAGR1: +15.5% 1 CAGR stands for Compound Annual Growth Rate. 2 SELIC rate at the end of the period. SELIC is Brazil's benchmark interest rate. Source: Central Bank of Brazil. 3 Considers shares outstanding at the end of each period minus shares held in treasury. 2 +9.7% Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Financial Results 33 Net income Net income 3rd highest net income ever and record on an LTM basis: per-share value creation continues In 2Q26, Multiplan recorded net income of R$427.4 million, up 61.7% from 2Q25, its highest-ever result for a second quarter and third-highest for any quarter in the Company’s history. On an LTM basis, net income reached R$1,386.3 million as of Jun-26, (+7.4% vs. Jun-25), marking a new all-time high and the fourth consecutive year of LTM increase. Earnings per share (EPS)1 continued to grow, reinforcing sustained value creation. Quarterly EPS reached R$0.87, up 60.9% from 2Q25 and representing a five-year CAGR2 of 31.1%. LTM EPS totaled R$2.82, up 6.9% from Jun-25, with a five- year CAGR2 of 26.0%. Earnings per share1 +60.9% +6.9% 657.1 M 879.6 M 1,114.7 M 1,290.5 M 1,386.3 M 40.4% 45.3% 52.0% 47.8% 43.4% Jun-22 (LTM) Jun-23 (LTM) Jun-24 (LTM) Jun-25 (LTM) Jun-26 (LTM) Net income Net income margin 172.6 M 247.2 M 281.7 M 264.4 M 427.4 M 39.5% 49.2% 52.2% 38.1% 50.5% 2Q22 2Q23 2Q24 2Q25 2Q26 Net income (R$) and margin (%) +61.7% +7.4% 0.29 0.42 0.49 0.54 0.87 - 0.20 0.40 0.60 0.80 1.00 2Q22 2Q23 2Q24 2Q25 2Q26 Earnings per share1 +60.9%CAGR2: +31.1% 1.12 1.51 1.93 2.64 2.82 - 1.00 2.00 3.00 4.00 Jun-22 (LTM) Jun-23 (LTM) Jun-24 (LTM) Jun-25 (LTM) Jun-26 (LTM) +6.9%CAGR2: +26.0% 1 Earnings per share: net income divided by the number of outstanding shares (excluding treasury shares). 2 CAGR: Compound Annual Growth Rate. ParkShoppingCampoGrande– Tradicional seasonal event Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Capital Allocation ROE1 above 20.0% and another quarter outperforming the SELIC 2 In 2Q26, Multiplan recorded a return on equity (ROE)1 of 20.5%, marking the 12th consecutive quarter in which ROE exceeded Brazil’s benchmark interest rate (SELIC)2. Over this period, the average spread between the Company’s ROE and the SELIC2 was +534 b.p., with ROE above 20.0% in five quarters, highlighting Multiplan’s ability to generate shareholder value even in a high-interest-rate environment. Remuneration Growing + Returning In 2Q26, the Company approved Interest on Capital (IoC) of R$140.0 million, totaling R$550.0 million in Jun- 26 (LTM). Shareholder remuneration per share3 reached R$1.12 in Jun-26 (LTM), reflecting a strong CAGR4 of 20.8% since 2008 and growth of 10.0% vs. 2025. 20.1 60.9 102.9 49.0 58.7 19.9 100.0 125.0 135.0 155.0 225.0 95.0 240.0 260.0 280.0 270.0 295.0 420.0 581.0 540.0 500.0 550.0 0.05 0.11 0.19 0.28 0.34 0.24 0.31 0.40 0.17 0.40 0.44 0.47 0.45 0.50 0.72 1.00 1.03 1.02 1.12 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Jun-26 (LTM) Dividends (R$ M) IoC (R$ M) Remuneration per share Shareholder remuneration distribution CAGR4 : +20.8% Remuneration per share3 3 Dividends + interest on capital declared divided by the number of outstanding shares (excluding treasury shares) on the date of declaration. 4 CAGR stands for Compound Annual Growth Rate. 3 Annual ROE1 vs. SELIC2 rate – Last 3 years 1 Return on Equity (ROE): net income (LTM)/end of period total shareholders’ equity. 2 SELIC source: Central Bank of Brazil. 12.75% 11.75% 10.75% 10.50% 10.75% 12.25% 14.25% 15.00% 15.00% 15.00% 14.75% 14.25% 13.87% 14.72% 15.24% 15.56% 15.41% 23.75% 22.76% 21.85% 20.47% 18.11% 18.89% 20.52% 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Period-end SELIC Multiplan´s ROE 2 34 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 35 2Q26 Growth Deliveries in the last twelve months Parque Shopping Maceió BH Shopping MorumbiShopping Golden Lake – Lake Victoria Three expansions and the first phase of Golden Lake delivered in the last twelve months Over Jun-26 (LTM), Multiplan delivered expansions at Parque Shopping Maceió, MorumbiShopping and BH Shopping, adding more than 20 thousand sq.m of GLA1 and 85 stores to the portfolio. The projects were inaugurated in Nov-25, Mar-26 and Jun-26, respectively. Beyond the expansions, Multiplan also delivered Lake Victoria, Golden Lake’s first phase in Porto Alegre. Comprising four towers and an expected total PSV of R$600.0 million, the project represents an important milestone in the development of the Golden Lake complex. 1 The expansion of MorumbiShopping added 7,377 sq.m of “net” GLA, in addition to 5,764 sq.m of area adjustments Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 36 2Q26 Growth Projects under construction ParkShopping expansion builds on strong asset productivity ParkShopping’s 10th expansion is scheduled to open on November 18, 2026, adding 8,615 sq.m of GLA and more than 60 new stores. Inspired by the Cerrado, Brazil’s tropical biome, the architectural concept combines spacious environments, abundant natural light and winter gardens, while creating a direct connection between the mall and the ParkShopping Corporate office tower (link for virtual tour). Over the past 12 months (Jun-26), ParkShopping ranked eighth in sales per sq.m within Multiplan’s portfolio, at R$35,820/sq.m, and sixth in rent per sq.m, at R$3,150/sq.m, reinforcing the asset’s strong operating performance. ParkShopping – Expansion construction Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 37 2Q26 Growth Projects under construction BarraShopping - Expansion Golden Lake – Lake Eyre construction BarraShopping: eight expansion of our largest mall Part of a major mixed-use complex and located in Barra da Tijuca, one of Rio de Janeiro’s fastest- growing neighborhoods, BarraShopping recorded the portfolio’s second-highest sales and rent per sq.m in Jun-26 LTM, at R$50,465/sq.m and R$5,471/sq.m, respectively. Scheduled to open in 2H26, the first phase of its eighth expansion was purpose-built for a single tenant and will add 2,000 sq.m of GLA, with the structure designed to accommodate an additional 2,000 sq.m in a second phase. Lake Eyre construction advances Construction of Lake Eyre, the second phase of the Golden Lake residential condominium, in Porto Alegre, continues to advance. The project comprises two towers, with 127 apartments and five penthouses, and an expected total PSV of approximately R$350.0 million. The development reinforces Golden Lake’s residential offering and the continued consolidation of the complex. For further details on sales performance and revenue recognition, see page 27. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Growth 38 Future projects 2Q26 VillageMall expansion illustrative images Multiplan is deepening its studies on VillageMall’s second expansion, expected to add more than 3,000 sq.m of GLA. The illustrative images herein provide an updated view of the project, planned for the shopping center’s western area, currently occupied by an open-air parking lot. The official launch remains subject to certain conditions precedent, including the pace of pre-leasing. As discussed on page 13, VillageMall’s environment has positioned the asset as a natural destination for high-quality social experiences, supporting sales growth above Multiplan’s portfolio and significantly outperforming the Brazilian shopping center industry. Note: The information is preliminary and based on data available to date, subject to risks and uncertainties that may lead to actual results differing from those predicted. VillageMall Expansion II: ongoing studies Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 39 2Q26 Future growth Future projects VillageMall mixed-use project In addition to the expansion, a fully integrated mixed-use project is planned for VillageMall’s eastern area, on an adjacent 36,000 sq.m site. The project currently comprises a ten-story corporate tower with approximately 10,000 sq.m of private area and nine 11-story residential buildings totaling around 62,000 sq.m, complemented by a comprehensive range of amenities. The development remains subject to further design refinements and regulatory approvals and has not yet been officially launched. 2Q26 VillageMall mixed-use project illustrative images Note: The information is preliminary and based on data available to date, subject to risks and uncertainties that may lead to actual results differing from those predicted. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 40 2Q26 Future growth Future projects ParkShoppingSãoCaetano expansion illustrative images ParkShoppingSãoCaetano expansion: ongoing studies Over the past decade1, the city of São Caetano do Sul has combined above-average population growth (+11.0% vs. +6.5% in Brazil) with one of the country’s highest levels of human development. Since 2012, its first full year of operations, ParkShoppingSãoCaetano’s annual sales have increased 172.5% (Jun-26 LTM), while occupancy reached 97.1% in 2Q26, above the portfolio average of 96.2%. Multiplan is studying ParkShoppingSãoCaetano’s first expansion, expected to add approximately 9,000 sq.m of GLA. 1 Comparison between 2010 and 2022, according to the IBGE Demographic Census. Source: Brazilian Institute of Geography and Statistics (IBGE). Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 41 2Q26 JundiaíShopping and BH Shopping: ongoing studies In addition to VillageMall and ParkShoppingSãoCaetano, Multiplan is also studying new expansions at JundiaíShopping and BH Shopping. Opened in 2012, JundiaíShopping has established a strong operating track record. From 2013, its first full year of operations, through 2025, the asset recorded average annual occupancy of 97.4%, 52 b.p. above the portfolio average (96.9%), while sales increased 140.0% through Jun-26 (LTM). The malls’ fist expansion under study could add approximately 8,000 sq.m of GLA. At BH Shopping, Multiplan is also evaluating a new 12,000 sq.m expansion. Following the opening of approximately 2,000 sq.m of new GLA in Jun-26, the mall ranked fifth in sales/sq.m and third in rent/sq.m within the portfolio in Jun-26 (LTM), at R$41,603/sq.m and R$3,876/sq.m, respectively. The launch of all expansions currently under study remains subject to several factors, as presented at Multiplan’s 2026 Public Meeting (page 50 – link). Future growth Future projects BH Shopping - expansion illustrative image JundiaíShopping - expansion illustrative image Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 2Q26 Lake Baikal, Golden Lake’s third phase pre-launch In July, Golden Lake held the pre-launch of Lake Baikal, its third phase, with the official launch expected in 2H26. The project will comprise two residential towers, totaling 88 units and 19,800 sq.m of private area, with apartments ranging from 190 sq.m to 250 sq.m, in addition to exclusive penthouses. The development is expected to generate approximately R$400.0 million in potential sales value (PSV), further advancing the successful eight-phase masterplan. Designed with high-end finishes, spacious layouts and complete leisure amenities, Lake Baikal reinforces the strong demand and appreciation of Porto Alegre’s southern region. The development will also be integrated with BarraShoppingSul, enhancing synergies between residential, retail and leisure offerings. Following the vision showcased at Golden Lake Day 2025 (link), the project reflects Multiplan’s ongoing commitment to developing the surroundings of BarraShoppingSul and represents another step toward consolidating the Golden Lake neighborhood. Lake Baikal to be launched in 2H26 Lake Baikal project illustrative images 42 Future growth Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 43 Capex CAPEX (R$) 2Q26 1H26 Greenfields development - - Mall expansions 84.9 M 169.7 M Renovation, IT, Digital Innovation & Others 45.0 M 76.5 M Minority stake acquisitions - - Total 129.9 M 246.2 M CAPEX breakdown 1H25 1H262Q25 2Q26 R$246.2 M R$149.4 M -13.1% R$129.9 M R$269.9 M -8.8% CAPEX declines 13.1%, with expansions remaining the focus Multiplan invested R$129.9 million in 2Q26, down 13.1% from 2Q25. The majority of this investment was allocated to mall expansions (ParkShopping, BH Shopping and BarraShopping), which accounted for 65.4% of total CAPEX, and to renovations. During 2Q26, renovation CAPEX totaled R$30.8 million, down 43.8% from 2Q25, with the main investments at VillageMall and BarraShopping, which continues to undergo a comprehensive flooring replacement. Renovation CAPEX represented 4.6%1 of the quarter’s NOI. In accordance with CPC 27, of the total CAPEX incurred in the quarter, R$12.7 million was interest accrual, with R$6.2 million related to mall expansions and R$6.5 million related to mall renovations. In 1H26, CAPEX totaled R$246.2 million, down 8.8% from 1H25. Renovation CAPEX declined 43.3% year over year and represented 3.7%1 of 1H26 NOI. 1 Renovation CAPEX excluding interest accrual. Capital Allocation Capex BarraShopping – Expansion construction ParkShopping – Expansion construction Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Multiplan’s landbank includes three distinct categories of development potential. Planned expansions comprise 137,309 sq.m of additional GLA in detailed projects within existing shopping centers. Private area for sale totals 856,814 sq.m and refers to the private area of mixed-use projects, including residential and corporate developments. Landbank Landbank 44 Note: The data presented correspond to initial studies conducted by the Company’s technical and development departments, solely for the purpose of providing a preliminary view of the projects’ potential. These studies may be revised at any time in accordance with applicable laws, construction parameters, economic and financial feasibility, and building rights. The table was reviewed in 2Q26 considering the expansions inaugurated at Parque Shopping Maceió, BH Shopping and MorumbiShopping. It does not consider the sale of landbank adjacent to ParkShoppingCampoGrande, ParkShopping Canoas and ParkJacarepaguá announced in Jul-25 as the closing of such transactions are still subject to conditions precedent. Shopping center GLA (100%) (sq.m) Private area for sale (100%) (sq.m) Additional gross floor area(100%) (sq.m) BH Shopping 12,000 - 240,000 RibeirãoShopping - - 500,000 BarraShopping 14,700 32,000 60,000 MorumbiShopping - - 110,000 ParkShopping 12,300 3,400 - Diamond Mall - - 9,500 New York City Center - - 5,700 ShoppingAnáliaFranco 5,800 115,000 120,000 ParkShoppingBarigüi - 26,200 100,000 Patio Savassi - - 67,000 BarraShoppingSul 30,800 281,020 - ShoppingVilaOlímpia 2,000 - - ParkShoppingSãoCaetano 16,467 108,000 88,000 JundiaíShopping 7,849 12,000 2,500 ParkShoppingCampoGrande - 161,700 30,000 VillageMall 3,353 72,794 - Parque Shopping Maceió 25,000 - 14,000 ParkShopping Canoas 7,040 21,700 102,000 ParkJacarepaguá - 23,000 - Total 137,309 856,814 1,448,700 In-house growth potential across expansions and mixed-use projects Additional gross floor area totals 1,448,700 sq.m and may become additional GLA or private area for sale as projects are developed and detailed, subject to applicable laws, construction parameters, economic and financial feasibility, and building rights. Together, these categories provide an order of magnitude of the Company’s potential development pipeline across its assets. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Investment Properties Analysis 45 Fair Value Cost of equity: 1 Inflation is based on future estimates from the Brazilian Central Bank. Until 2022, a four-year average was used, but starting in 2023, the estimation period was extended to 10 years. Shareholders’ Cost of Capital Jun -26 2025 2024 2023 2022 Risk-free rate 3.37% 3.37% 3.31% 3.30% 3.29% Market risk premium 6.65% 6.65% 6.63% 6.50% 6.34% Beta 0.95 0.90 0.96 0.97 0.98 Sovereign risk 185 b.p. 190 b.p. 201 b.p. 200 b.p. 202 b.p. Spread 14 b.p. 13 b.p. 6 b.p. 7 b.p. 19 b.p. Shareholders’ cost of capital – US$ nominal 11.58% 11.16% 11.66% 11.61% 11.71% Inflation assumptions Inflation (Brazil) ¹ 3.62% 3.60% 3.92% 3.54% 3.72% Inflation (USA) 2.42% 2.31% 2.35% 2.40% 2.40% Shareholders’ cost of capital – R$ nominal 12.89% 12.56% 13.38% 12.85% 13.15% Fair Value of Investment Properties (R$) Jun -26 2025 2024 2023 2022 Malls and office towers in operation 32,753 M 33,097 M 29,854 M 28,487 M 25,455 M Projects under development 145 M 234 M 87 M 320 M 97 M Future projects 153 M 153 M 153 M 152 M 193 M Total 33,051 M 33,484 M 30,093 M 28,958 M 25,745 M Multiplan internally evaluates its Investment Properties at Fair Value using the Discounted Cash Flow (DCF) method, with no impact on the balance sheet. The present value is calculated using a discount rate based on the CAPM model. Investment properties’ fair value - According to CPC 28 BRL nominal Fair Value per share (R$) Comparison of value metrics (R$) (Jun -26) Evolution of discount rates Fair Value, NOI and owned GLA (Base 100) US$ nominal Real terms Properties in operation: NOI Fair Value Owned GLA 13.5% 14.6% 15.5% 13.6% 12.0% 13.1% 12.9% 12.6% 12.9% 10.2% 10.7% 11.0% 11.8% 10.7% 11.8% 11.6% 11.2% 11.6% 7.8% 8.2% 8.4% 9.2% 8.1% 9.3% 9.0% 8.7% 8.9% 2011 2013 2015 2017 2019 2021 2023 2025 Jun-26 5.50% 7.50% 9.50% 11.50% 13.50% 15.50% 24.4 27.5 26.0 28.3 28.4 29.3 27.9 28.2 36.3 35.638.7 44.0 49.7 61.6 68.5 67.3 15.0 B 19.6 B 33.1 B Market Value Enterprise Value (EV) Fair Value 100 135 180 202 231 215 343 407 416 144 152 171 174 178 185 186 187 131 144 153 197 211 266 309 305 2011 2013 2015 2017 2019 2021 2023 2025 Jun-26 80 130 180 230 280 330 380 430 480 +68.9% Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 14.0 B 15.0 B Jun-25 Jun-26 MULT3 in the stock market Multiplan’s Value (R$) Market Cap +7.6% Shareholders’ breakdown on June 30, 2026 Free -Float 63.2% Mgmt. + Treasury 4.5% MPAR + Peres 32.3% 124.9 M 108.9 M 110.4 M 100.5 M 102.4 M 18,863 18,584 17,208 15,674 13,605 -15,000 -10,000 -5,000 - 5,000 10,000 15,000 20,000 25,000 2022 2023 2024 2025 2Q26 Average daily traded volume (R$) Average daily number of trades 1 Enterprise Value (EV): Market cap + Net debt on June 30, 2026. 2 Fair Value (FV) of properties calculated according to the methodology detailed in the Financial Statements of June 30, 2026. 3 Based on the Brazilian’s Central Bank average exchange rate of R$5.056/USD in 2Q26 and R$5.155/USD in 1H26. 4. Shares outstanding represent the total number of issued shares excluding treasury shares. Evolution of average volume and number of trades 19.6 B 33.1 B EV Fair Value1 2 Indexes By the end of 2Q26, MULT3 was listed in 102 indexes, including Ibovespa Index (IBOV), Brazil 50 Index (IBX50), the B3 Real Estate Index (IMOB), and MSCI indexes (Invesco EM, IR SD ACWI ex-US and MSCI ESG Universe). Index Ticker Weight (%) Ibovespa IBOV 0.39% B3 Real Estate IMOB 15.60% São Paulo Stock Exchange 50 IBX50 0.40% Differentiated Governance IGCX 0.32% Corporate Governance Trade IGCT 0.37% Bovespa Special Tag Along ITAG 0.37% MULT3 in the stock market 46 MULT3 at B3 2Q26 2Q25 Chg.% Closing price (R$) - end of period 29.27 27.21 +7.6% Average daily traded volume (R$) 102.4 M 106.3 M -3.6% Average daily traded volume3 (US$) 20.3 M 18.8 M +8.0% Average daily traded volume (shares) 3,406,210 4,191,746 -18.7% Average daily number of trades 13,605 17,627 -22.8% Total issued shares - end of period 513,163,701 513,163,701 0.0% Shares held in treasury - end of period 22,117,113 24,615,599 -10.2% Outstanding shares4 - end of period 491,046,588 488,548,102 +0.5% Market Cap (R$) - end of period 15,020.3 M 13,963.2 M +7.6% 1H26 1H25 Chg.% 29.27 27.21 +7.6% 122.3 M 107.8 M +13.4% 23.7 M 18.7 M +26.7% 3,946,061 4,585,534 -13.9% 15,765 17,602 -10.4% 513,163,701 513,163,701 0.0% 22,117,113 24,615,599 -10.2% 491,046,588 488,548,102 +0.5% 15,020.3 M 13,963.2 M +7.6% Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 The Multi super app reinforced its central role in the Company's phygital strategy, serving as its primary digital touchpoint with customers. In 1H26, the number of sessions increased by 16% compared to the same period of the previous year, reflecting higher app engagement throughout the shopping journey. Digital Innovation Strong value creation through the loyalty program In 1H26, the Gross Merchandise Volume (GMV) generated through the loyalty program increased by 20% compared to the same period of the previous year, while the active user base grew by 29% year- to-date. The quality of the offers and greater precision in customer communications drove higher engagement with the benefits catalog. In 2Q26, the number of benefits redeemed increased by 67% compared to 2Q25, while the number of unique users redeeming benefits grew by 61% over the same period. Engagement and growth of the Multi superapp Digital Innovation The initiatives included access to VIP areas, as well as sticker album boxes, collectible sticker albums, customized cups and sports kits. In total, more than 460,000 benefits were redeemed in the period. The Company also launched 34 promotional campaigns, in addition to traditional retail dates (Mother’s Day and Valentine’s Day) featuring initiatives such as bonus points multipliers and giveaways. Benefits redeemed : +67% (2Q26 vs. 2Q25) Seasonal campaigns in 2Q26 During the quarter, the Company's shopping centers offered events and benefits across all tiers of its loyalty program through Multi, including premium experiences for Gold and Platinum members. Multi sessions: +16% (1H26 vs. 1H25) ParkJacarepaguá 47 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 "Know Your Customers": data driving retail performance The "Know Your Customers" dashboard provides retailers with free access to aggregated and anonymized customer behavior insights based on data collected through the Multi app. In 2Q26, the tool was enhanced to include information on benefits redeemed by customers. This update enables retailers to track the performance of their offers and identify the types of benefits most valued by clientes at each mall, supporting more informed commercial strategies. To expand the use of the platform, Multiplan trained its internal teams to demonstrate its commercial applications to retailers. The Company will also launch a nationwide LinkedIn campaign targeting retail decision-makers, highlighting the use of data as a tool to support business management. 48 Digital Innovation >4 ,000 tenants accessed “Know Your Customer” Scalability and Artificial Intelligence: productivity gains During 2Q26, the use of Artificial Intelligence (AI) across the Product, Marketing and CRM teams enhanced productivity and accelerated the execution of promotional campaigns. The integration of AI into Multiplan's proprietary promotions engine reduced the time required to configure campaigns from 6 hours to 20 minutes replacing a process previously handled by a multidisciplinary team with a supervised AI agent. As a result, the number of campaigns carried out during the quarter increased by more than 600% compared to 2Q25. AI was also used to create push messages for the Mother's Day campaign, which achieved click- through rates (CTR) more than 140% above the channel's historical average. The adoption of AI expanded the Company's ability to create and execute targeted campaigns, including push notifications and CRM customer journeys, while reducing lead times and operating costs. “Know Your Customer” screen Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 In June, Multiplan released its 2025 Sustainability Report, reinforcing the Company’s commitment to sustainable growth and the continued evolution of its ESG agenda. The publication highlights Multiplan’s consistent progress in integrating financial performance, operational efficiency, socio-environmental impact and governance excellence into its business strategy. 49 2025 Annual Sustainability Report A glimpse into the 2025 report: Results that create value and positive impact Multiplan’s 2025 Annual Report Multiplan’s 2025 Annual Report 17,000 tons of CO₂ emissions avoided since 2010 100% of malls’ energy consumption from renewable sources 100% of malls with proper waste disposal management 324,000 sq.m. of green areas under management Golden Lake: LEED Gold pre- certification 235+ students graduated through the Schooling Project 5.5M people impacted over 10 years through Multiplique o Bem 141 tons of food donated, and 120,000 items collected 235 social initiatives carried out 1,300 events held, at Companies´ malls Board independence at 43% in 2025, vs. 14% in 2023 Board of Directors with 7 members, being 4 external Average Board meeting attendance at 99% (2021 – 2025) Fiscal Council elected in 2025 Free float of 62.7% at year-end 2025 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 50 Sustainability, social and corporate governance initiatives Amyr Klink at Teatro Multiplan BarraShoppingSul and the Porto Alegre International Marathon Reinforcing its commitment to community engagement through sport, BarraShoppingSul hosted the 41st Porto Alegre International Marathon, bringing together around 30,000 athletes and more than 230,000 visitors across kit pickup and race days, with participants from more than 25 countries. Multiplan launches its 2026 Internship Program Multiplan opened applications for its 2026 Internship Program, offering 32 positions across different business areas. Now in its third edition, the program reflects the Company's commitment to developing young talent and investing in people, connecting university students with the daily operations of Multiplan's business areas. Multiplan welcomed sailor and explorer Amyr Klink to Teatro Multiplan, at VillageMall, for an exclusive talk for the Company's employees. The first person to row across the South Atlantic — a 100-day journey from Namibia to Brazil — and to sail around Antarctica, Klink shared reflections on planning, resilience, and teamwork: lessons built over decades of expeditions in some of the world's most demanding environments, and ones that resonate directly with Multiplan's values. VillageMall Cup 2026 In June, Multiplan held the fourth edition of the VillageMall Cup, one of Brazil's leading show jumping events. Organized in partnership with the Sociedade Hípica Brasileira and the Federação Equestre do Estado do Rio de Janeiro, the competition brought together top athletes, customers and visitors, strengthening VillageMall's positioning as a destination for premium experiences while encouraging sports participation and social engagement. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 51 Awards and recognition Multiplan shines again at Abrasce Awards In the 2026 edition of the award that recognizes the best projects developed by malls and corporate groups affiliated with the Brazilian Association of Shopping Centers (Abrasce), Multiplan won four trophies in four categories, across three of its malls: MorumbiShopping - "Expansion and Revitalization of MorumbiShopping“ Expansion and Revitalization Highlight Award Christmas Initiatives “2026 Broadcast Empresas” Award Multiplan won the Small Cap category and ranked 6th in the Companies category — the only real estate company among the top ten. The award evaluates more than 200 companies listed on B3 based on financial indicators and objective performance criteria. "The Best of São Paulo – Services“ Conducted by Datafolha, the survey named MorumbiShopping the favorite shopping mall in São Paulo's South Zone for the third consecutive year, while ShoppingAnáliaFranco ranked first in the East Zone. VillageMall - "Christmas Time: VillageMall and the Advent Calendar“ Innovation Parque Shopping Maceió - "Vestir Massayó: Exhibition at Parque Shopping" MorumbiShopping Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 1 Sales/sq.m. calculation considers only the GLA from anchor and satellite stores that report sales, and excludes sales from kiosks, since they are not counted in the total GLA. 2 Sum of base and overage rents charged from tenants divided by its occupied GLA. It is worth noting that this GLA includes stores that are already leased but are not yet operating. 3 Ground lease until 2030 (90% interest until Nov -26 and 100% interest from Dec -26 until Nov -30) and 75.05% interest afterwards. 4 Includes 828 sq.m of the plaza gourmet located at Morumbi Corporate. Portfolio (2Q26) Opening State Multiplan % Total GLA Sales (month)¹ Rent (month)² Avg. Occupancy Rate Malls BH Shopping 1979 MG 90.0% 49,438 sq.m 3,369 R$/sq.m 296 R$/sq.m 98.9% RibeirãoShopping 1981 SP 87.3% 68,683 sq.m 2,055 R$/sq.m 150 R$/sq.m 96.9% BarraShopping 1981 RJ 73.4% 77,861 sq.m 4,086 R$/sq.m 416 R$/sq.m 94.9% MorumbiShopping 1982 SP 73.5% 61,217 sq.m 5,189 R$/sq.m 442 R$/sq.m 98.4% ParkShopping 1983 DF 73.5% 53,226 sq.m 2,934 R$/sq.m 240 R$/sq.m 96.6% DiamondMall 1996 MG 90.0%3 24,191 sq.m 3,977 R$/sq.m 303 R$/sq.m 92.2% New York City Center 1999 RJ 50.0% 21,669 sq.m 1,096 R$/sq.m 109 R$/sq.m 96.5% ShoppingAnáliaFranco 1999 SP 30.0% 51,677 sq.m 3,195 R$/sq.m 259 R$/sq.m 98.8% ParkShoppingBarigüi 2003 PR 93.3% 66,313 sq.m 2,639 R$/sq.m 189 R$/sq.m 98.0% Pátio Savassi 2004 MG 96.5% 21,630 sq.m 2,957 R$/sq.m 231 R$/sq.m 93.3% ShoppingSantaÚrsula 1999 SP 100.0% 23,358 sq.m 705 R$/sq.m 32 R$/sq.m 91.1% BarraShoppingSul 2008 RS 100.0% 75,472 sq.m 1,233 R$/sq.m 108 R$/sq.m 99.1% ShoppingVilaOlímpia 2009 SP 60.0% 28,373 sq.m 1,604 R$/sq.m 121 R$/sq.m 88.1% ParkShoppingSão Caetano 2011 SP 80.0% 39,252 sq.m 2,632 R$/sq.m 167 R$/sq.m 97.1% JundiaíShopping 2012 SP 75.0% 36,486 sq.m 1,886 R$/sq.m 127 R$/sq.m 97.3% ParkShoppingCampo Grande 2012 RJ 90.0% 43,758 sq.m 1,637 R$/sq.m 92 R$/sq.m 92.7% VillageMall 2012 RJ 100.0% 28,623 sq.m 4,374 R$/sq.m 208 R$/sq.m 98.7% Parque Shopping Maceió 2013 AL 50.0% 45,761 sq.m 1,720 R$/sq.m 112 R$/sq.m 96.8% ParkShopping Canoas 2017 RS 82.3% 49,063 sq.m 1,632 R$/sq.m 71 R$/sq.m 95.0% ParkJacarepaguá 2021 RJ 100.0% 39,852 sq.m 1,590 R$/sq.m 97 R$/sq.m 91.7% Subtotal malls 79.7% 905,900 sq.m 2,628 R$/sq.m 205 R$/sq.m 96.2% Office towers ParkShopping Corporate 2012 DF 70.0% 13,302 sq.m 94.7% Morumbi Corporate – Golden Tower 2013 SP 100.0% 37,280 sq.m4 96.2% Subtotal office towers 92.1% 50,582 sq.m Total portfolio 80.4% 956,482 sq.m Portfolio of Assets 52 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 ParkShopping ParkShopping Corporate Brasília BarraShopping New York City Center VillageMall ParkShopping CampoGrande ParkJacarepaguá Pátio Savassi DiamondMall BH Shopping Belo Horizonte MG SP PR RS RJ AL DF Operating malls Operating office towers São Paulo - SP ShoppingAnália Franco MorumbiShopping ShoppingVilaOlímpia Morumbi Corporate – Golden Tower Jundiaí JundiaíShopping Ribeirão Preto ShoppingSantaÚrsula RibeirãoShopping São Caetano ParkShopping SãoCaetano São Paulo Alagoas - AL Parque Shopping Maceió Maceió Distrito Federal - DF Minas Gerais - MG Rio de Janeiro - RJ ParkShopping Barigüi Curitiba Paraná - PR BarraShoppingSul ParkShopping Canoas Canoas, RS Porto Alegre Rio Grande do Sul - RS Golden Lake Under construction (Real estate for sale) Portfolio of Assets 53 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 100.0% 100.0% 100.0% 100.0% 100.0% 99.99% 100.0% 100.0% 100.0% 98.0% 0.16% Multiplan Participações S.A. 81.37% 26.81% 99.0% Maria Helena Kaminitz Peres Jose Isaac Peres SCP Royal Green Península Embraplan Empresa Brasileira de Planejamento Ltda. ² Renasce - Rede Nacional de Shopping Centers Ltda.² Multiplan Administradora de Estacionamento Ltda.3 4.05% 99.9% Treasury CAA – Administração e Promoções Ltda. CAA - Corretagem Imobiliária Ltda. 1.0% County Estates Limited Embassy Row Inc Multiplan Arrecadadora Ltda. 0.01% Golden Tower ParkShopping Corporate Shopping Centers % Office Towers % 100.0% 100.0% BarraShopping 73,4% BarraShoppingSul 100.0% 70.0% 100.0% Administrators1 18.63% 1.44% 4.31% New York City Center 50.0% DiamondMall 5 90.0% MorumbiShopping 73.5% JundiaíShopping 75.0% BH Shopping 90.0% ParkShopping 73.5% ParkShoppingBarigüi 93.3% ParkShoppingSãoCaetano 80,0% ParkShoppingCampoGrande 90.0% ParkShopping Canoas 82.3% Parque Shopping Maceió 50.0% RibeirãoShopping 87.3% Pátio Savassi 96.5% ShoppingAnáliaFranco 30.0% ShoppingVilaOlimpia 60.0% ShoppingSantaÚrsula 100.0% ParkJacarepaguá 100.0% Multiplan Barra 1 Empreendimento Imobiliário Ltda. Multiplan Morumbi 1 Empreendimento Imobiliário Ltda. 8.0% Multiplan Greenfield XI Empreendimento Imobiliário Ltda.9.3% Multiplan Holding S.A. Multiplan Parque Shopping Maceió Ltda. 50.0% Jundiaí Shopping Center Ltda.2 Multiplan Greenfield XII Empreendimento Imobiliário Ltda. 14.8% 1 The “Administrators” group includes the Executive Board, Board of Directors and Fiscal Council. 2 José Isaac Peres has a 0.01% interest in this entity. 3 José Isaac Peres has a 1.00% interest in this entity. 4 14 SPEs related to ongoing real estate for sale projects. 5 Multiplan owns 75.05% of DiamondMall. The Company has signed a ground lease which grants 90% of the mall’s result until November 2026 and 100% from December 2026 to November 2030. 6 Morumbi Business Center Ltda. owns 50% of MPH Empreendimento Imobiliário Ltda. 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 10.0% 63.22% 5.02% ON 4.73 % Total Morumbi Business Center Empreendimento Imobiliário Ltda. Danville SP Empreendimento Imobiliário Ltda. Ribeirão Residencial Empreendimento Imobiliário Ltda. Multiplan Residence du Lac Ltda. Multiplan Diamond Tower Ltda. Multiplan Greenfield III Empreendimento Imobiliário Ltda. 14 SPE’s 4 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Multiplan Imobiliária Ltda. 100.0% Free Float Interest held on properties for sale: VillageMall 100.0% 100.0% 75.0% 24.9% Multiplan XVII Empreendimento Imobiliário Ltda. 100.0% 90.0% 82.3% 20.0% 91.0% Multiplan ParkShopping e Participações Ltda. 60.0% MPH Empreendimento Imobiliário Ltda. 6 Manati Empreendimentos e Participações Ltda.75.0% Multiplan Jacarepaguá I Ltda. Jundiaí Multiuso Ltda. ParkJacarepaguá Empreendimento Imobiliário Ltda. Multiplan Barra 2 Empreendimento Imobiliário Ltda Multiplan Golden Tower Ltda. Multiplan Greenfield IV Empreendimento Imobiliário Ltda. Multiplan Estacionamento Ltda. 50.0% 100.0% 20.0% 4.1% 9.0% 7,5% Ownership Structure 54 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Multiplan’s ownership in Special Purpose Companies (SPCs). The main SPCs are as follows: MPH Empreendimento Imobiliário Ltda.: owns 60.0% interest in ShoppingVilaOlímpia, located in the city of São Paulo, State of São Paulo. Multiplan, through direct and indirect interests, owns a 100.0% interest in MPH. Manati Empreendimentos e Participações Ltda: owns a 75.0% interest in ShoppingSantaÚrsula, located in the city of Ribeirão Preto, state of São Paulo, which added to the 25.0% interest held directly by Multiplan in the venture totals 100.0%. It also has a 4.1% interest in Ribeirão Shopping, which combined with the 82.5% interest held directly by Multiplan in the project totals approximately 86.5%. Multiplan holds a 100.0% stake in Manati Empreendimentos e Participações S.A. Danville SP Empreendimento Imobiliário Ltda.: SPC established to develop a building in the city of Ribeirão Preto, state of São Paulo. Multiplan Holding S.A.: Multiplan’s wholly-owned subsidiary; holds investments in other Multiplan group companies. Ribeirão Residencial Empreendimento Imobiliário Ltda.: SPC established to develop a building in the city of Ribeirão Preto, state of São Paulo. Multiplan Residence du Lac Ltda.: SPC established to develop a building in the city of Porto Alegre, state of Rio Grande do Sul. Morumbi Business Center Empreendimento Imobiliário Ltda.: owns a 30.0% indirect stake in ShoppingVilaOlímpia via 50.0% holdings in MPH, which in turn holds 60.0% of ShoppingVilaOlímpia. Multiplan owns a 100.0% interest in Morumbi Business Center Empreendimento Imobiliário Ltda. Multiplan Diamond Tower Ltda.: SPC established for a building development in the city of Porto Alegre, state of Rio Grande do Sul. Multiplan Golden Tower Ltda.: owns a 100.0% interest in Golden Tower, which is part of Morumbi Corporate, a commercial real estate building in the city of São Paulo, SP. Multiplan Greenfield III Empreendimento Imobiliário Ltda.: SPC established to develop building in the city of Rio de Janeiro, state of Rio de Janeiro. Multiplan Greenfield IV Empreendimento Imobiliário Ltda.: owns a 100.0% interest in the Gourmet Plaza of the Diamond Tower and manages administrative, financial, operational and commercial activities of certain shopping centers of Multiplan’s portfolio. Multiplan Administradora de Estacionamento Ltda.: manages the Multiplan Group's shopping center parking lots, as well as in the operation of services and entertainment businesses aimed at children, through leisure spaces in its malls, providing related services. Multiplan Arrecadadora Ltda.: manages collection of rents, common and specific expenses, revenues derived from marketing fund, and other revenues derived from commercial spaces, especially shopping centers, as well as in the collection, renegotiation and recovery of credits from the Multiplan group. Jundiaí Shopping Center Ltda.: owns a 75.0% interest in JundiaíShopping, located in the city of Jundiaí, state of São Paulo. Multiplan holds a 100.0% interest in Jundiaí Shopping Center Ltda. Multiplan Barra 2 Empreendimento Imobiliário Ltda: owns a 50.0% interest in ParkShopping Corporate, a building located in the city of Brasília, Federal District, and owns a 7.5% interest in BarraShopping, located in the city of Rio de Janeiro, RJ. Multiplan ParkShopping e Participações Ltda.: owns an 82.25% interest at ParkShopping Canoas, located in the city of Canoas, RS, 90.00% interest in ParkShoppingCampoGrande, located in the city of Rio de Janeiro, state of Rio de Janeiro, a 20.00% interest in ParkShopping Corporate and in ParkShopping, both located in Brasilia, Distrito Federal. Multiplan owns a 100.0% interest in Multiplan ParkShopping e Participações Ltda. Multiplan Imobiliária Ltda.: owns interests in various companies of the Multiplan group. ParkJacarepaguá Empreendimento Imobiliário Ltda.: operates in the commercial exploitation of ParkJacarepaguá, located in Rio de Janeiro, state of Rio de Janeiro, in which it has a 91.0% interest. Multiplan Barra 1 Empreendimento Imobiliário Ltda.: owns a 14.8% interest in BarraShopping, located in the city of Rio de Janeiro, RJ, which added to the other interests held by Multiplan in the project totals 73.4%. Multiplan holds a 100.0% stake in Multiplan Barra 1 Empreendimento Imobiliário Ltda. Multiplan Morumbi 1 Empreendimento Imobiliário Ltda.: owns an 8.0% interest in MorumbiShopping, located in the city of São Paulo, SP, which added to the other interests held by Multiplan in the project totals 73.5%. Multiplan holds a 100.0% stake in Multiplan Morumbi 1 Empreendimento Imobiliário Ltda. Multiplan Greenfield XI Empreendimento Imobiliário Ltda.: owns a 9.33% interest in ParkShoppingBarigüi, located in the city of Curitiba, PR, which added to the other interests held by Multiplan in the project totals 93.33%, and a 10.0% interest in BH Shopping, located in the City of Belo Horizonte, MG. Multiplan holds a 100.0% stake in Multiplan Greenfield XI Empreendimento Imobiliário Ltda. Renasce – Rede Nacional de Shopping Centers Ltda.: performs administrative, financial, operational and commercial management of certain shopping centers of Multiplan’s portfolio. CAA – Administração e Promoções Ltda.: provides specialized services to shopping center tenants’ associations in Multiplan’s mall portfolio, including the management of contribution fees for the marketing fund. Multiplan XVII Empreendimento Imobiliário Ltda.: has a 24.95% stake in DiamondMall, located in the city of Belo Horizonte, MG, which together with the other stakes held by Multiplan in the project total 75.05%. Multiplan has a 100.0% stake in Multiplan XVII Empreendimento Imobiliário Ltda. Ownership Structure 55 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Jundiaí Multiuso Ltda.: manages its own shopping center parking lots. Multiplan Estacionamento Ltda.: operates in the management of parking lots in the Multiplan Group’s malls. Multiplan Jacarepaguá I Ltda.: owns a 9% stake in ParkJacarepaguá, located in the city of Rio de Janeiro, RJ, which together with the other stakes held by Multiplan in the project, total 100%. Multiplan Parque Shopping Maceió Ltda.: owns a 50% stake in Parque Shopping Maceió, located in the city of Maceió, AL. Ownership Structure 56 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Financial Statements (% Multiplan) 2Q26 2Q25 Chg.% 1H26 1H25 Chg.% Gross revenue R$'000 637,906 741,264 -13.9% 1,517,768 1,312,355 +15.7% Net revenue R$'000 846,840 694,056 +22.0% 1,673,816 1,219,733 +37.2% Net revenue R$/sq.m 1,104.0 907.0 +21.7% 2,187.4 1,594.4 +37.2% Net revenue US$/sq.ft 19.8 15.4 +28.4% 39.3 27.1 +44.8% Rental revenue R$'000 441,281 427,534 +3.2% 877,450 836,715 +4.9% Rental revenue R$/sq.m 575.3 558.7 +3.0% 1,146.7 1,093.7 +4.8% Rental revenue US$/sq.ft 10.3 9.5 +8.6% 20.6 18.6 +10.6% Monthly rental revenue R$/sq.m 205.0 200.9 +2.0% 204.5 198.0 +3.3% Monthly rental revenue US$/sq.ft 3.7 3.4 +7.7% 3.7 3.4 +9.0% Net Operating Income (NOI) R$'000 529,880 496,756 +6.7% 1,007,099 962,189 +4.7% Net Operating Income R$/sq.m 690.8 649.2 +6.4% 1,316.1 1,257.7 +4.6% Net Operating Income US$/sq.ft 12.4 11.1 +12.3% 23.6 21.4 +10.4% NOI margin 95.9% 95.0% +93 b.p. 92.9% 94.6% -173 b.p. NOI per share R$ 1.08 1.02 +6.1% 2.05 1.97 +4.1% Headquarter expenses R$'000 (58,620) (51,467) +13.9% (108,493) (101,206) +7.2% Headquarter expenses/Net revenue -6.9% -7.4% +49 b.p. -6.5% -8.3% +182 b.p. EBITDA R$'000 699,187 460,111 +52.0% 1,215,669 860,726 +41.2% EBITDA R$/sq.m 911.5 601.3 +51.6% 1,588.7 1,125.1 +41.2% EBITDA US$/sq.ft 16.4 10.2 +60.0% 28.5 19.2 +49.0% EBITDA margin 82.6% 66.3% +1,627 b.p. 72.6% 70.6% +206 b.p. EBITDA per share R$ 1.42 0.94 +51.2% 2.48 1.76 +40.5% FFO R$'000 515,711 292,587 +76.3% 843,173 570,064 +47.9% FFO R$/sq.m 672.3 382.3 +75.8% 1,101.9 745.2 +47.9% FFO US$'000 99,724 53,619 +86.0% 163,045 104,469 +56.1% FFO US$/sq.ft 12.1 6.5 +85.5% 19.8 12.7 +56.0% FFO margin 60.9% 42.2% +1,874 b.p. 50.4% 46.7% +364 b.p. FFO per share (R$) 1.05 0.60 +75.4% 1.72 1.17 +47.2% Dollar (USD) end of quarter FX rate 5.17 5.46 -5.2% 5.17 5.46 -5.2% Market Performance 2Q26 2Q25 Chg.% 1H26 1H25 Chg.% Total number of shares 513,163,701 513,163,701 +0.0% 513,163,701 513,163,701 +0.0% Ordinary shares 513,163,701 513,163,701 +0.0% 513,163,701 513,163,701 +0.0% Preferred shares 0 0 n.a. 0 0 n.a. Average share closing price (R$) 30.68 25.51 +20.3% 31.12 23.67 +31.5% Final closing share price (R$) 29.27 27.21 +7.6% 29.27 27.21 +7.6% Average daily traded volume R$ '000 102,427 106,302 -3.6% 122,289 107,803 +13.4% Market cap R$ '000 15,020,302 13,963,184 +7.6% 15,020,302 13,963,184 +7.6% Gross debt R$ '000 5,058,114 5,124,437 -1.3% 5,058,114 5,124,437 -1.3% Cash R$ '000 506,816 742,293 -31.7% 506,816 742,293 -31.7% Net Debt R$ '000 4,551,298 4,382,144 +3.9% 4,551,298 4,382,144 +3.9% P/FFO (LTM) 9.09 x 9.27 x -1.9% 9.09 x 9.27 x -1.9% EV/EBITDA (LTM) 8.30 x 9.51 x -12.8% 8.30 x 9.51 x -12.8% Net Debt/EBITDA (LTM) 1.93 x 2.27 x -15.1% 1.93 x 2.27 x -15.1% Treasury 22,117,113 24,615,599 -10.2% 22,117,113 24,615,599 -10.2% Operational and financial highlights Operational and Financial Data Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L 57
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2Q26 Operacional (% Multiplan)¹ 2Q26 2Q25 Chg.% 1H26 1H25 Chg.% Final total mall GLA (sq.m) 905,900 890,708 +1.7% 905,900 890,708 +1.7% Final owned mall GLA (sq.m) 722,226 718,875 +0.5% 722,226 718,875 +0.5% Owned mall GLA % 79.7% 80.7% -98 b.p. 79.7% 80.7% -98 b.p. Final total office towers GLA (sq.m) 50,582 50,582 +0.0% 50,582 50,582 +0.0% Final owned office towers GLA (sq.m) 46,591 46,591 +0.0% 46,591 46,591 +0.0% Final total GLA (sq.m) 956,482 941,290 +1.6% 956,482 941,290 +1.6% Final owned GLA (sq.m) 768,817 765,466 +0.4% 768,817 765,466 +0.4% Total mall GLA (avg.) (sq.m) 903,938 890,478 +1.5% 901,471 890,251 +1.3% Owned mall GLA (avg.) (sq.m) 720,508 718,648 +0.3% 718,602 718,420 +0.0% Total office towers GLA (avg.) (sq.m) 50,582 50,582 +0.0% 50,582 50,582 +0.0% Owned office towers GLA (avg.) (sq.m) 46,591 46,591 +0.0% 46,591 46,591 +0.0% Total GLA (avg.) (sq.m) 954,520 941,060 +1.4% 952,053 940,833 +1.2% Owned GLA (avg.) (sq.m) 767,100 765,239 +0.2% 765,193 765,011 +0.0% Total sales R$'000 6,753,765 6,270,115 +7.7% 12,656,686 11,775,962 +7.5% Total sales R$/sq.m 2 7,884 7,496 +5.2% 15,392 14,058 +9.5% Total sales US$/sq.ft 2 142 128 +11.0% 277 239 +15.5% Satellite stores sales R$/sq.m 2 10,306 9,834 +4.8% 19,594 18,514 +5.8% Satellite stores sales US$/sq.ft 2 185 167 +10.6% 352 315 +11.7% Total rent R$/sq.m 615 603 +2.0% 1,227 1,188 +3.3% Total rent US$/sq.ft 2 11.0 10.3 +7.7% 22.0 20.2 +9.0% Same Store Sales 2 4.3% 10.9% -667 b.p. 4.7% 8.7% -404 b.p. Same Store Rent 2 4.1% 9.3% -524 b.p. 5.5% 8.2% -274 b.p. IGP-DI adjustment effect +1.4% +5.7% -430 b.p. +1.9% +5.0% -310 b.p. Occupancy costs 3 12.3% 12.6% -27 b.p. 13.0% 13.2% -22 b.p. Rent as sales % 7.6% 7.8% -23 b.p. 8.1% 8.2% -16 b.p. Others as sales % 4.7% 4.8% -4 b.p. 5.0% 5.0% -5 b.p. Turnover 3 1.3% 1.1% +17 b.p. 2.5% 1.9% +56 b.p. Occupancy rate 3 96.2% 96.1% +8 b.p. 96.3% 96.2% +11 b.p. Gross delinquency 2.8% 2.8% -5 b.p. 3.5% 3.0% +47 b.p. Net delinquency -1.2% 0.2% -143 b.p. 0.6% 0.5% +9 b.p. Rent loss 1.9% 1.2% +62 b.p. 2.0% 1.8% +18 b.p. 1 Except for total sales, satellite stores sales and occupancy cost indicators, which are calculated for a 100% stake 2 Considers only the GLA from stores that report sales, and excludes sales from kiosks, since they are not counted in the total GLA. 3 Considers only shopping centers. Turnover calculated over managed GLA. Operational and Financial Data Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L Operational and financial highlights 58
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2Q26 Balance sheet Note: Figures may slightly differ from the Quarterly Financial Report (ITR) due to rounding. 1 Relates to long-term recoverable PIS and COFINS tax credits, following the revision of the credit recognition methodology approved by the Company's management in May 2026. For further details, please refer to Note 7 to the 2Q26 Interim Financial Statements (ITR). Current Asset (R$'000) 06/30/2026 03/31/2026 Chg.% Cash and cash equivalents 506,816 913,899 -44.5% Accounts receivable 785,727 768,564 +2.2% Land and properties held for sale 252,446 150,051 +68.2% Related parties 51,827 42,456 +22.1% Recoverable taxes and contributions 235,191 124,560 +88.8% Deferred incomes 81,750 76,626 +6.7% Other 18,450 17,617 +4.7% Total Current Assets 1,932,207 2,093,773 -7.7% Accounts receivable 213,138 259,842 -18.0% Land and properties held for sale 536,910 515,207 +4.2% Related parties 70,697 71,231 -0.8% Judicial deposits 82,720 83,029 -0.4% Deferred income and social contribution taxes 36,255 35,273 +2.8% Recoverable taxes and contributions1 127,721 - n.a. Deferred costs 222,878 234,961 -5.1% Other 560 1,191 -53.0% Investments 1,963 1,963 -0.0% Investment properties 9,475,380 9,488,862 -0.1% Property and equipment 95,644 96,339 -0.7% Intangible 417,133 413,257 +0.9% Total Non-Current Assets 11,280,998 11,201,155 +0.7% Total Assets 13,213,205 13,294,928 -0.6% Current Liabilities (R$'000) 06/30/2026 03/31/2026 Chg.% Loans and financing 57,279 191,461 -70.1% Debentures 330,192 698,350 -52.7% Accounts payable 242,369 305,946 -20.8% Property acquisition obligations - - n.a. Taxes and contributions payable 23,391 38,905 -39.9% Interest on shareholder’s capital 479,437 464,659 +3.2% Deferred incomes 13,472 14,027 -4.0% Other 33,433 33,181 +0.8% Total Current Liabilities 1,179,573 1,746,529 -32.5% Loans and financing 399,798 412,650 -3.1% Accounts payable 30,487 38,005 -19.8% Debentures 4,270,845 4,119,205 +3.7% Deferred income and social contribution taxes 528,833 461,822 +14.5% Property acquisition obligations - - n.a. Debt with related parties - - n.a. Other 120 120 +0.0% Provision for contingencies 21,218 13,484 +57.4% Deferred incomes 26,394 27,568 -4.3% Total Non-Current Liabilities 5,277,695 5,072,854 +4.0% Shareholder’s Equity Capital 3,478,062 3,158,062 +10.1% Capital Reserves 104,082 107,264 -2.97% Profit Reserves 3,488,702 3,826,761 -8.83% Share issue costs (60,003) (60,003) +0.0% Shares in treasure department (628,654) (642,816) -2.2% Effects on capital transaction (89,995) (89,995) +0.0% Additional dividends/IoC proposed (280,000) (140,000) +100.0% Retained earnings 743,557 316,077 +135.2% Minority interest 185 194 -4.9% Total Shareholder’s Equity 6,755,937 6,475,546 +4.3% Total Liabilities and Shareholder’s Equity 13,213,205 13,294,928 -0.6% Appendix Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L 59
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2Q26 Appendix 60 Relationship with independent auditors CVM Instruction 162/2022 Pursuant to the provisions of the Brazilian Securities Commission ("CVM") Instruction No. 162, of July 13, 2022, the Company confirms that no new other non-external audit services were contracted with its independent auditors and/or their related parties during the second quarter of 2026. The Company adopts governance policies aimed at avoiding conflicts of interest and preserving the independence and objectivity of the independent auditors hired, namely: (i) the auditor should not audit his own work; (ii) the auditor should not perform managerial duties on his client; and (iii) the auditor should not promote the interests of his client. Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Glossary and acronyms Funds from Operations (FFO): Refers to the sum of net income excluding non-cash items as straight-line effect, deferred income and social contribution taxes and depreciation. GLA: Gross Leasable Area, equivalent to the sum of all the areas available for lease in malls and office towers, excluding Merchandising. Greenfield: Development of new shopping centers, office towers and mixed-use projects. IBGE: The Brazilian Institute of Geography and Statistics. IGP-DI (“Índice Geral de Preços - Disponibilidade Interna”) General Domestic Price Index: Inflation index published by the Getúlio Vargas Foundation (FGV), referring to the data collection period between the first and the last day of the month in reference, with disclosure date near the 20th day of the following month. It has the same composition as the IGP-M (“Índice Geral de Preços do Mercado”), though with a different data collection period. IGP-DI Adjustment Effect: The average of the monthly IGP-DI increase with a month of delay. This monthly increase is composed by the weighting of the annual IGP-DI change multiplied by the percentage of leasing contracts adjusted each month. IPCA (“Índice de Preços ao Consumidor Amplo”) Extended National Consumer Price Index: Published by the IBGE (Brazilian institute of statistics), it is the national consumer price index, with a data collection period between the first and the last day of the month in reference. Key Money (KM): Key Money is the amount paid by a tenant in order to open a store in a shopping center. The key money contract when signed is accrued in the deferred revenue account and in accounts receivable. Its revenue is accrued in the key money revenue account in linear installments throughout the term of the leasing contract. The accounted revenue is net of “tenant inductions/allowances” or other incentives offered by the Company to tenants and, since 4Q20, this account includes transfer fees. Landbank: Land plots available to the Company in the areas surrounding its assets for the development of future projects. LTM: data equivalent to the last 12 months accumulated period. Management fee: Fee charged from tenants and partners/owners to pay for shopping center administrative expenses. Merchandising: Revenues from leasing of spaces not considered in the GLA. Merchandising includes revenue from kiosks, stands, posters, LED panels, leasing of pillar spaces, parking areas, doors and escalators and other display locations in a mall. Abrasce: Brazilian Association of Shopping Centers (Associação Brasileira de Shopping Centers). Anchor stores: Large, well-known stores with special marketing and structural features that can attract consumers. Stores must have at least 1,000 sq.m (10,763 sq. foot) to be considered anchors. B3 (B3 – Brasil, Bolsa, Balcão): is the Brazilian stock exchange, formerly named São Paulo Stock Exchange. Base rent (or minimum rent): Minimum fixed rent paid by a tenant based on a lease contract. Some tenants sign contracts with no fixed base rent, and in that case minimum rent corresponds to a percentage of their sales. Brownfield: Expansions or mixed-use projects developed in existing shopping centers. CAGR: Compounded Annual Growth Rate. Corresponds to a geometric mean growth rate, on an annualized basis. CAPEX (Capital Expenditure): Resources for the development of new shopping centers, expansions, asset improvements, IT projects, hardware and other investments. The CAPEX represents the variation of property and equipment, intangible assets, investment properties, plus depreciation. Investments in real estate assets for sale are accounted as land and properties held for sale. CDI: (“Certificado de Depósito Interbancário” or Interbank Deposit Certificate): Certificates issued by banks to generate liquidity. Its average overnight annualized rate is used as a reference for interest rates in the Brazilian economy. Common expenses: The sum of condominium expenses and marketing fund contributions. Debenture: Debt instrument issued by companies to borrow money. Multiplan’s debentures are non- convertible, which means that they cannot be converted into shares. Moreover, a debenture holder has no voting rights. EBITDA: Earnings Before Interest, Tax, Depreciation and Amortization. Net income (loss) plus expenses with income tax and social contribution on net income, financial result, depreciation and minority interest. EBITDA does not have a single definition, and this definition of EBITDA may not be comparable with the EBITDA used by other companies. EBITDA margin: EBITDA divided by Net Revenue. EPS: Earnings per Share. Net Income divided by the balance from the total shares of the Company minus shares held in treasury. Equity pickup: Interest held in the subsidiary Company will be shown in the income statement as equity pickup, representing the net income attributable to the subsidiary’s shareholders. 61 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Glossary and acronyms Minority Interest: Result of subsidiaries that do not correspond to the interest of the parent Company and, consequently, is deducted from the result of the same. Mixed-use: Strategy based on the development of residential, commercial, corporate and other developments in the areas surrounding our shopping centers. Net Debt / EBITDA: Ratio resulted from the division of net debt by EBITDA accumulated in the last 12 months. Net debt is the sum of loans, financing, property acquisition obligations and debentures, less cash, cash equivalents and short-term investments. Net Delinquency Rate: Percentage of rent coming due in the period but not received. The net delinquency rate considers the receiving of past periods. Net Operating Income (NOI): Sum of the income from Rental Operations (Rental Revenue, Straight Line effect and Properties Expenses) and income from Parking Operations (revenue and expenses). Revenue taxes are not considered. NOI margin: NOI divided by the sum of Rental Revenue, Straight-Line Effect and Parking Revenue. Occupancy cost: Is the occupancy cost of a store as a percentage of sales. The occupancy cost includes rent, condominium expenses and marketing fund contributions. Only includes stores that report sales volumes. Occupancy rate: leased GLA divided by total GLA. Organic growth: Revenue growth, which is not generated by acquisitions, expansions and new areas, added in the period. Overage rent: The difference paid as rent (when positive), between the base rent and the rent consisting of a percentage of sales, as established in the lease agreement. Owned GLA: refers to total GLA weighted by Multiplan’s interest in each mall and office tower. Parking revenue: Parking revenue net of amounts transferred to the Company’s partners in the shopping centers and condominiums. Potential Sales Value (PSV) or Total Sell Out: Sum of sales value of all units of a specific real estate project for sale. Projects for lease expenses: Pre-operational expenses from shopping centers, expansions and office tower projects for lease, recorded as an expense in the income statement in line with the CPC 04 pronouncement in 2009. Projects for sale expenses: Pre-operational expenses generated by real estate for sale activity, recorded as an expense in the income statement in line with the CPC 04 pronouncement in 2009. Rent loss: Write-offs generated by tenants’ delinquency. Rent per sq.m: Sum of base and Overage rents invoiced from tenants divided by its occupied GLA. It is worth noting that this GLA includes stores that are already leased but are not yet operating (i.e., stores that are being prepared for opening). Sales: Sales reported by the tenants in each of the malls. includes sales from kiosks. Sales per sq.m: Sales/sq.m calculation considers only the GLA from anchor and satellite stores that report sales, and excludes sales from kiosks, since they are not counted in the total GLA. Same Store Rent (SSR): Changes on rent collected from stores that were in operation in both periods compared. SSR may be affected by the granting or lifting of rent concessions. Same Store Sales (SSS): Changes on informed sales from stores that were in operation in both periods compared. Satellite stores: Smaller stores (<1.000 sq.m, <10,763 sq. foot) located in the surroundings of the anchor stores and intended for general retailing. Satellitization: Rental strategy, in which a store is segregated into more than one operation, seeking to improve the mix and increase efficiency. Seasonal rent: Additional rent charged from the tenants usually in December, due to higher sales as a result of Christmas. Straight-line effect: Accounting method meant to remove volatility and seasonality from rental revenue. The accounting of rental revenues including seasonal rent and contractual adjustments, when applicable, is done on a straight-line basis over the term of the contract regardless of the term of receipt and inflation adjustments. The straight-line effect is the rental revenue adjustment that needs to be added or subtracted from the rental revenue of the period in order to achieve straight-line accounting. Tenant mix: Portfolio of tenants strategically defined by the shopping center manager. TR (“Taxa Referencial”, or Reference Interest Rate): Is a reference interest rate used mainly in the composition of the savings accounts income and finance costs of operations such as loans from the Housing Finance System. It is calculated by the Central Bank of Brazil. Turnover: GLA of shopping centers in operation leased in the period divided by total GLA of shopping centers in operation. Includes only malls managed by Multiplan. Vacancy: GLA of a shopping center available for lease. 62 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L
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2Q26 Disclaimer During fiscal year 2012, the Accounting Standards Committee (CPC) issued pronouncements that impacted the Company’s activities and those of its subsidiaries, including, among others, CPC 19 (R2)–Joint Arrangements . This pronouncement was implemented for fiscal years starting January 1, 2013. The pronouncement determines joint ventures to be recorded on the financial statements via equity pick-up, among other issues . Until September 2023, Multiplan had a joint venture in a company that owned 100% of Parque Shopping Maceió . Therefore, the Company did not consolidate the 50% stake in Parque Shopping Maceió S.A., a company that has a 100% ownership interest in the shopping center of the same name. Since October 2023, the Company has no Joint Venture, as provided for in CPC 19 (R2). Managerial Report The previous reports adopted the managerial information format and, for this reason, did not consider the requirements of CPC 19 (R2) to be applicable . Thus, the information and/or performance analysis presented herein include the proportional consolidation of Parque Shopping Maceió S.A. for the period between January 2013 and September 2023. For additional information, please refer to note 8.4 of the Financial Report dated December 31, 2024. Multiplan is presenting its quarterly results in a managerial format to provide the reader with a more complete perspective on operational data. Please refer to the Company’s financial statements on its website (ri.multiplan .com.br) to access the Financial Statements in compliance with the CPC. 63 Highlights Highlights Appendix Appendix Portfolio of Assets Portfolio of Assets PL P&L