Slide 1: Results 1Q26
SYN ——— «(GPG CIDADE SKO PAULO "== RESULTS SSP APRR! 1Q26
Slide 2: Disclaimer
DISCLAIMER This Presentation includes forward-looking statements, which are based upon historical data and reflect expectations and objectives of the Management. Such statements involve risks and uncertainties and, therefore, are not guarantees of future performance. Syn’s future results may differ
Slide 3: 1. Achievements 1Q26
1. ACHIEVEMENTS 1Q26
Slide 4: Achievements | 1Q26
ACHIEVEMENTS | 1Q26 GREAT PLACE TO WORK INDEX – B3 • SYN became part of the portfolio of B3's Great Place to Work Index (IGPTW). • The index brings together listed companies certified by Great Place to Work COMPLETION OF THE CLD WORKS Total GLA: 129 thousand sqm • Direct participation: 17.0% (21,886
Slide 5: 2. Operational Performance | 1Q26
| 1Q26 2. OPERATIONAL PERFORMANCE
Slide 6: Shopping Malls | 1Q26
SHOPPING MALLS | 1Q26 PHYSICAL OCCUPATION FINANCIAL OCCUPATION 95.2% 97.3% Outro 95.0% 96.7% 1Q25 1Q26 1Q25 1Q26
Slide 7: Shopping Malls | 1Q26
SHOPPING MALLS | 1Q26 SALES EVOLUTION (R$ MM) SAME STORES SALES (SSS) +6,9% 6.2% 4.2% 3.4% 711,5 1.8% 6,8 2Q25 3Q25 4Q25 1Q26 16,7 SAME STORES RENT (SSR) 22,1 665,9 8.4% 6.0% 6.2% 5.6% 4.39% 2.82% -1.05% -1.83% Total Sales SSS New Kiosks and Total Sales 2Q25 3Q25 4Q25 1Q26 1Q25 Stores Events 1Q26 IG
Slide 8: Corporate Buildings | 1Q26
CORPORATE BUILDINGS ¹ | 1Q26 PHYSICAL OCCUPATION FINANCIAL OCCUPATION 93.5% 94.6% 92.9% 95.2% 87.4% 94.6% 88.3% 95.2% 1Q25 1Q26 1Q25 1Q26 1T26 Triple A 70.6% Triple A 86,2% Class A 100.0% Classe A 100,0% Building occupancy (formerly the vacancy of Brasílio Machado) ¹ The analysis does not consider t
Slide 9: Warehouses | 1Q26
WAREHOUSES | 1Q26 CLD SUMMARY DELIVERIES 128,516 sqm Total GLA Oct/23 Dec/24 Dec/25 Mar/26 21,886 sqm 100% leased 100% pre-leased 100% pre-leased 100% leased SYN GLA (Direct) ¹ 11,770 sqm OCCUPATION ORGANIZATIONAL CHART SYN GLA (Indirect) SYN 33,656 sqm 23.9% FIP SPX SYN GLA (Total) ² 17.0% 100% CLD
Slide 10: 3. Financial Performance | 1Q26
| 1Q26 3. FINANCIAL PERFORMANCE
Slide 11: Proforma Same Properties Results (R$ MM) | 1Q26
PROFORMA SAME PROPERTIES RESULTS (R$ MM) | 1Q26 TOTAL NOI ¹ MALLS ¹ OFFICES +10.6% 24.7 +7.3% 22.3 16.5 17.8 +20.2% 5.8 7.0 1025 1026 1025 1026 1025 1026 ¹ Includes the effect of PDD and excludes the impact of key money.
Slide 12: Proforma Results (R$ MM) | 1Q26
PROFORMA RESULTS (R$ MM) | 1Q26 Adjusted EBITDA Adjusted FFO +28.7% 25.8 20.0 +14.7% 12.0 10.4 1T25 1T26 1T25 1T26
Slide 13: Indebtedness Proforma | 1Q26
INDEBTEDNESS PROFORMA | 1Q26 NET DEBT (PROFORMA) (R$ ‘000) 1Q26 4Q25 1Q25 Gross Debt 493,831 503,299 877,845 Cash, Investment and Securities 192,105 181,708 419,356 Transaction Receivables ¹ 0 0 590,540 Availability 192,105 181,708 1,009,897 Total Net Debt 301,726 321,591 -132,052 Adjusted EBITDA LT
Slide 14: Indebtedness Proforma | 1Q26
INDEBTEDNESS PROFORMA | 1Q26 AMORTIZATION SCHEDULE (R$ MM) INDEXERS AVERAGE SPREAD 457.6 CDI 10.3% 6.5% 444.4 Average Cost 27.0 78% CDI ¹ 13.8 10.3 1.2% 13.2 13.2 89.7% 10.3 0.0 Spread Médio 2026 2027 2028 2029 IPCA CDI IPCA Loans and Financing Corporate Debt ¹ Considering the spot CDI and the IPCA
Slide 15: Investor Relations
| 1Q26 INVESTOR Thiago Muramatsu Hector Carvalho Leitão CEO CFO & IRO RELATIONS +55 (11) 5412-7601 +55 (11) 5412-7601 ri@syn.com.br ri@syn.com.br
Slide 16: SYN S.A.
SYN S.A. | Av. Brigadeiro Faria Lima, 3600 - 14° floor - Itaim Bibi Zip code: 04538-132 - São Paulo/SP - Brazil