Tecnisa S.a. · BMFBOVESPA:TCSA3
Tecnisa — 4Q25 Earnings Presentation
24 slides from Tecnisa's earnings presentation, Mar 27, 2026
Slide 1: Earnings Presentation 4Q25 and 2025
March, 27th, 2026 EARNINGS P R E S E N TAT I O N 4Q25 and 2025
Slide 2: Agenda
AGENDA Strategy Operating Performance Financial and Economic-Performance
Slide 3: Strategic Drivers
ST R AT EGI C DR I VERS 1 Deal Negociation for sale of an equity stake in JDP. 2 Continuity of Launches in Jardim das Perdizes PSV to be launched of R$ 4.0 billion, of which R$ 2.1 billion is TECNISA’s 3 Landbank to guide the business plan R$ 4.7 billion in landbank, of which R$2.6 billion is TECNIS
Slide 4: Equity Stake Sale: Jardim das Perdizes
EQ UI T Y STA K E SA L E Jardim das Perdizes Binding offer from BTG PACTUAL to acquire an equity interest in Jardim das Perdizes. Current Equity Stake in Tecnisa: 52.50% Offer Value: R$ 260,9 million Equity Stake To Be Sold: 26.09% New Equity Stake in Tecnisa: 26.41% The consummation of the transact
Slide 5: Naara Higienópolis
NAARA LONGEVITY RESIDENCES NAARA HIGIENÓPOLIS Launch: nov/2025 PSV: R$ 111 million Stake: 10,0 % Rooftop Pool Typology: 16 units from 94 and 102 m² 16 units from 140 and 145 m² Located in the Higienópolis neighborhood, in São Paulo, the Project was developed in partnership with Naara and will featur
Slide 6: A Arquitetura do Seu Bem-Estar
A ARQUITETURA DO SEU BEM-ESTAR. —
Slide 7: Indoor Access Plaza To Common Areas. Park View SPA
Indoor Access Plaza To Common Areas. SPA Park View
Slide 8: Coming Soon: Vert
COMING SOON:VERT Jardim das Perdizes, São Paulo Vert is another launch in Jardim das Perdizes and features all the infrastructure desired by clients. PSV: R$ 816 million 1 Stake: 52,5% Outdoor Swimming Pool 2 Typology: 185 units of 121 m² 96 units of 178 m² 96 units of 151 m² 7 units of 145 m² 3 sto
Slide 9: Landbank
LANDBANK Landbank’s Variation, % TCSA (R$ million) R$ 4.7 billion in PSV in the Company’s landbank, 2.625 13 2.627 of which R$ 2.6 billion is TECNISA’s shares. -11 R$4.0 billion is located in Jardim das Perdizes Approved Projects R$ 1,8 billion 1 3Q25 Launches Adjustments 4Q25 1 Considers 100% stake
Slide 10: Commercial and Marketing Strategy
COM M ERCI A L A N D M A R K ET I N G ST R AT EGY Commercial Performance Gross sales in the quarter reached R$188 million, with a sales velocity of 17%. Gross Contracted Sales (R$ million) Venda sobre Oferta (VSO) 50% 47% 1.454 18% 16% 17% 881 332 181 188 4T24 4Q24 3T25 3Q25 4T25 4Q25 2024 2025
Slide 11: Profitability of the Operation: Administrative Expenses
PROFI TA BI L I T Y OF T H E OPER AT I ON Control of administrative expenses with focus on efficiency Administrative Expenses (R$ million) -19% 64 59 We continued to reduce Administrative 55 Expenses in 2025, totaling R$52 million, a 19% 52 decrease compared to 2022. Taking into account the IPCA-adj
Slide 12: Profitability of the Operation: Backlog Gross Profit
PROFI TA BI L I T Y OF T H E OPER AT I ON Backlog Gross Profit, TECNISA share 1 Backlog Gross Profit totaled R$169 million in 2025, with a Backlog Gross Margin of 42%, up 4 p.p. compared to the same period of the previous year. Jardim das Perdizes Other projects Total (R$ million) (R$ million) (R$ m
Slide 13: Backlog Gross Margin
PROFI TA BI L I T Y OF T H E OPER AT I ON Backlog Gross Margin Backlog Gross Margin (%Net Revenue to be Recognized) + 1,3 p.p. Backlog Gross Margin of Jardim das Perdizes 46,4% is 46.4% in the fourth quarter of 2025. 45,8% 46,1% 45,1% 45,2% 4Q24 1Q25 2Q25 3Q25 4Q25
Slide 14: Operating Performance
AGENDA Strategy Operating Performance Financial and Economic Performance
Slide 15: Operating Performance: Sales
OPER AT I N G PER FOR M A N CE Sales Performance Gross Sales (R$ million, % Tecnisa) 151 = 95 84 Sales Over Supply (SoS) was 14% 4T24 4Q24 3T25 3Q25 4T25 4Q25 in the fourth quarter of 2025, increase of 0.4 p.p. compared to Net Contracted Sales the previous quarter. (R$ million, % Tecnisa) 200 150 14
Slide 16: Inventory at Market Value Totaled R$ 473 million
OPER AT I N G PER FOR M A N CE Evolution and segmentation os stock, Tecnisa’s share. Geographical Breakdown (% Relative to total inventory) 2% Inventory at Market Value Totaled R$ 473 million 1 São Paulo Other States Only 14% of the inventory refers to concluded units. 98% Inventory Evolution Status
Slide 17: Delivery: Unik Residence
D E L I V E RY: U N I K R ES I D E N C E São Paulo The Unik Residence, located in the neighborhood of Nova Klabin, has a tower with 140 units, 143 studios and 3 stores. Delivery: dec/2025 PSV: R$ 321 million 1 Stake: 73,3% Typology: 68 units from 149m² Sports bar 44 units from 182m² 28 units from 17
Slide 18: Delivery: Bosque Pitangueiras
D E L I V E RY: B O S Q U E P I TA N G U E I R A S São Paulo The Bosque Pitangueiras, located in the neighborhood of Jardim das Perdizes, has a tower with 150 units. Delivery: Oct/2025 PSV: R$ 218 million 1 Stake: 52.5% Party Room Typology: 50 units from 80m² 50 units from 98m² 50 units from 136m² T
Slide 19: Financial and Economic Performance
AGENDA Strategy Operating Perfomance Financial and Economic Perfomance
Slide 20: Financial and Economic Performance: Net Revenue
FINANCIAL AND ECONOMIC PERFORMANCE Net Revenue (R$ million) Net operating revenues - JDP e Unik % TCSA 800 696 700 Net operating revenues 600 241 534 500 330 400 300 220 169 162 455 100 200 100 120 87 118 204 Adjusted Gross Profit reached 81 44 - 28% in 2025, increase of 11 p.p. 4Q24 3Q25 4Q25 2024
Slide 21: Financial and Economic Performance: Receivables and Debt
FINANCIAL AND ECONOMIC PERFORMANCE Receivables vc. Receivables Schedule Debt Receivables Schedule R$ 528 million (R$ million) Total receivables 350 Projects receivables Receivables JDP and Unik (%TCSA) 300 R$ 392 million 205 250 200 187 In receivables contracted until 2027 150 132 146 100 180 In Dec
Slide 22: Net Income and Backlog Gross Profit
FINANCIAL AND ECONOMIC PERFORMANCE Net Income and Backlog Gross Profit Backlog Gross Profit totaled R$ 169 million, with Margin of 42% Net Income Backlog Gross Profit 1 (R$ million) (R$ million) 38% 42% -10 -24 203 169 -53 -101 -148 4Q24 3Q25 4Q25 2024 2025 2024 2025 1 Includes projects consolidated
Slide 23: Cash, Net Debt, Equity and Cash Generation
FINANCIAL AND ECONOMIC PERFOMANCE In January, there was Cash and Financial Investments Net Debt an amortization of R$ (R$ million) (R$ million) Cash, Cash Equivalent and Securities including equity method 151 million of Equity in subsidiaries Cash, Cash Equivalent and Securities corporate debt. Cons
Slide 24: 4Q25 and 2025
March, 27th, 2026 EARNINGS PRESENTATION 4Q25 and 2025 The forward looking statements containedhereinare basedonManagement’s currentforecasts and outlookActualresults, performanceand eventsmay differsubstantially fromthose projectedorimpliedby these forwardlooking statements,as a consequenceof variou