Business
CI&T : Q2 2026 Financial Statement
CI&T : Q2 2026 Financial
About this update from Ci&t Inc
CI&T Inc Unaudited condensed consolidated interim financial statements ne 30, 2026 Content Unaudited condensed consolidated statement of financial position 3 Unaudited condensed consolidated statement of profit or loss 4 Unaudited condensed consolidated statement of other comprehensive income 5 Unaudited condensed consolidated statement of changes in equity 6 Unaudited condensed consolidated statement of cash flows 8 Notes to the unaudited condensed consolidated interim financial statements 9 2 CI&T Inc. Unaudited condensed consolidated statement of financial position as of June 30, 2026 and December 31, 2025 (In thousands of United States dollars - US$) Assets Note June 30, 2026 December 31, 2025 Liabilities and equity Note June 30, 2026 December 31, 2025 Cash and cash equivalents 5 53,431 47,864 Trade and other payables 6,005 5,192 Accounts receivable 6.1 88,089 97,288 Loans and borrowings 8 91,355 66,443 Contract assets 6.2 62,109 34,260 Lease liabilities 3,203 3,435 Recoverable taxes 5,555 2,103 Salaries and welfare charges 9 55,066 58,670 Current income tax assets 9,577 8,068 Accounts payable for business acquired 1,553 1,328 Derivatives 10 65 190 Derivatives 10 91 512 Other assets 5,882 6,358 Current income tax liabilities 169 760 Other taxes payable 4,266 3,266 Contract liability 5,589 4,021 Other liabilities 3,607 3,291 Total current assets 224,708 196,131 Total current liabilities 170,904 146,918 Recoverable taxes 823 895 Loans and borrowings 8 44,487 56,185 Current income tax assets 4,519 3,959 Deferred tax liabilities 15.2 33,487 26,427 Deferred tax assets 15.2 776 1,648 Lease liabilities 4,194 4,868 Judicial deposits 1,956 1,813 Provisions for tax and labor risks 816 680 Restricted cash 626 589 Accounts payable for business acquired 4,299 3,905 Other assets 1,034 1,183 Other liabilities 2,430 2,578 Property and equipment 7,805 7,354 Intangible assets and goodwill 7 336,270 329,348 Right-of-use assets 6,848 7,578 Total non-current assets 360,657 354,367 Total non-current liabilities 89,713 94,643 Equity 11 Share capital 7 7 Share premium 182,992 183,395 Treasury share reserve (32,030) (30,016) Capital reserves 21,515 23,180 Retained earnings 151,841 138,528 Other comprehensive income (loss) 423 (6,157) Total equity 324,748 308,937 Total assets 585,365 550,498 Total equity and liabilities 585,365 550,498 The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements. CI&T Inc. Unaudited condensed consolidated statement of profit or loss For the three and six months ended on June 30, 2026 and 2025 (In thousands of United States dollars - US$, except basic and diluted result per share) Note Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Revenue 12 142,820 117,185 279,428 228,061 Costs of services provided 13 (98,422) (79,498) (195,270) (155,908) Gross profit 44,398 37,687 84,158 72,153 Selling expenses 13 (16,989) (9,444) (28,354) (17,848) General and administrative expenses 13 (16,195) (13,177) (32,102) (25,601) Impairment reversal (loss) on accounts receivable and contract assets 13 45 (92) 1,271 239 Other income, net 13 803 526 1,278 768 Operating expenses, net (32,336) (22,187) (57,907) (42,442) Operating profit before net finance costs and income tax expense 12,062 15,500 26,251 29,711 Finance income 14 5,878 4,730 11,403 9,542 Finance costs 14 (8,928) (5,746) (16,445) (12,302) Net finance costs (3,050) (1,016) (5,042) (2,760) Profit before income tax 9,012 14,484 21,209 26,951 Income tax expense Current 15 (1,059) (1,521) (1,411) (2,832) Deferred 15 (2,203) (3,221) (6,485) (6,930) Total income tax expense (3,262) (4,742) (7,896) (9,762) Profit for the period 5,750 9,742 13,313 17,189 Profit attributable to: Equity holders of the Parent Company 5,750 9,742 13,313 17,189 Earnings per share Earnings per share - basic (in US$) 0.05 0.07 0.10 0.13 Earnings per share - diluted (in US$) 0.05 0.07 0.10 0.13 The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements. CI&T Inc. Unaudited condensed consolidated statement of other comprehensive income For the three and six months ended June 30, 2026 and 2025 (In thousands of United States dollars - US$) Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Profit for the period 5,750 9,742 13,313 17,189 Other comprehensive income: Items that are or may be reclassified subsequently to the statement of profit or loss Cash flow hedges - effective portion of changes in fair value - net of tax - 551 - 1,847 Cash flow hedges - reclassified to profit or loss - net of tax 59 439 59 439 Foreign operations - foreign currency translation differences 1,743 9,110 6,521 17,746 Total other comprehensive income 1,802 10,100 6,580 20,032 Total comprehensive income for the period 7,552 19,842 19,893 37,221 Total comprehensive income attributed to Equity holders of the Parent Company 7,552 19,842 19,893 37,221 The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements. Note Share capital Share premium Treasury share reserve Capital reserve Retained earnings reserve Other comprehensive income (loss) Total equity Balances as of December 31, 2025 7 183,395 (30,016) 23,180 138,528 (6,157) 308,937 Comprehensive income for the period Profit for the period - - - - 13,313 - 13,313 Foreign operations - foreign currency translation differences - - - - - 6,521 6,521 Cash flow hedges - net of taxes - - - - - 59 59 Total comprehensive income for the period - - - - 13,313 6,580 19,893 Transactions with the owner of the Group Contributions, distribution and constitution of reserves Treasury shares acquired 11.2 - - (6,171) - - - (6,171) Equity settled share-based payment - - - 2,149 - - 2,149 Restricted stock units settled - (167) 2,843 (3,251) - - (575) Share options exercised - (574) 1,071 - - - 497 Incentive stock options exercised - (11) 29 - - - 18 Restricted options matching exercised - 5 (5) - - - - Treasury shares reissued - 344 219 (563) - - - Total contributions and distribution and constitution of reserves - (403) (2,014) (1,665) - - (4,082) Balances as of June 30, 2026 7 182,992 (32,030) 21,515 151,841 423 324,748 Note Share capital Share premium Treasury share reserve Capital reserve Retained earnings reserve Other comprehensive income (loss) Total equity Balances as of January 1, 2025 7 186,333 (6,457) 26,659 97,908 (24,326) 280,124 Comprehensive income for the period Profit for the period - - - - 17,189 - 17,189 Foreign operations - foreign currency translation differences - - - - - 17,746 17,746 Cash flow hedges - net of taxes - - - - - 2,286 2,286 Total comprehensive income for the period - - - - 17,189 20,032 37,221 Transactions with the owner of the Group Contributions, distribution and constitution of reserves Treasury shares acquired - - (17,592) - - - (17,592) Reissue of ordinary shares - (641) 641 - - - - Equity settled share-based payment - (6) - 2,008 - - 2,002 Restricted stock units settled - (291) 1,167 (1,302) - - (426) Share options exercised - (1,113) 1,871 - - - 758 Incentive stock options exercised - (99) 223 - - - 124 Total contributions and distribution and constitution of reserves - (2,150) (13,690) 706 - - (15,134) Balances as of June 30, 2025 7 184,183 (20,147) 27,365 115,097 (4,294) 302,211 The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements. CI&T Inc. Unaudited condensed consolidated statement of cash flows For the six months ended on June 30, 2026 and 2025 (In thousands of United States dollars - US$) Notes June 30, 2026 June 30, 2025 Cash flows from operating activities Profit for the period 13,313 17,189 Adjustments for: Depreciation and amortization 13 11,149 9,002 Loss on sale and write-off of non-financial assets 14 36 Interest and exchange rate changes 4,646 4,570 Unrealized gain on financial instruments 10 (336) (1,386) Income tax expenses 15 7,896 9,762 Impairment reversal on accounts receivable and contract assets 6 (1,271) (239) Share-based compensation 13 2,376 2,384 Other 95 20 Changes in operating assets and liabilities Accounts receivable and contract assets (13,166) 869 Recoverable taxes (3,398) 1,280 Trade and other payables 360 (364) Salaries and welfare charges (7,875) (4,454) Contract liabilities 1,507 (5,781) Other receivables and payables, net 2,513 757 Cash generated from operating activities 17,823 33,645 Income tax paid (2,996) (6,704) Interest paid on loans and borrowings 8 (3,912) (5,449) Interest paid on lease (438) (353) Income tax refund 174 127 Net cash from operating activities 10,651 21,266 Cash flows from investing activities Acquisition of property and equipment and intangible assets (8,504) (6,376) Cash used in investing activities (8,504) (6,376) Cash flows from financing activities Exercised share-based compensation 515 882 Payment of lease liabilities (2,025) (2,304) Proceeds (outflows) from settlement of derivatives 10 25 (41) Proceeds from loans and borrowings 8 24,611 24,722 Payment of loans and borrowings 8 (14,909) (21,177) Payment of installment related to accounts payable for business acquired (71) (758) Repurchase of treasury shares 11.2 (6,171) (17,592) Net cash from (used in) financing activities 1,975 (16,268) Net increase (decrease) in cash and cash equivalents 4,122 (1,378) Cash and cash equivalents as of January 1 47,864 56,621 Exchange variation effect on cash and cash equivalents 1,445 3,400 Cash and cash equivalents as of June 30 53,431 58,643 The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements. Reporting entity CI&T Inc. ("CI&T" or "Parent Company") is a publicly held company incorporated in the Cayman Islands in June 2021, headquartered at Estrada Giuseppina Vianelli Di Napoli, 1455, Polo II de Alta Tecnologia, in the City of Campinas, State of São Paulo, Brazil. The Parent Company's subsidiaries are mainly engaged in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, data analytics, cloud migration and mobility technologies. These unaudited condensed consolidated interim financial statements comprise the Parent Company and its subsidiaries (collectively referred to as the "Group"). Since November 10, 2021 CI&T has been a publicly-held company registered with the US Securities and Exchange Commission (the "SEC") and its shares are traded on the New York Stock Exchange ("NYSE") under the ticker symbol "CINT". Organizational structure The Parent Company did not have any changes to its direct and indirect subsidiaries compared to those presented in the consolidated financial statements for the year ended December 31, 2025, except for: (i) CI&T Mexico, which started operations during the first quarter of 2026; (ii) CI&T Australia was dissolved on March 16, 2026; and (iii) CI&T Financial, CI&T Fintech, CI&T Colombia and CI&T Argentina, which are inactive as of June 30, 2026, and are in the process of closing their activities during the second semester of 2026. Basis of accounting These unaudited condensed consolidated interim financial statements as of June 30, 2026, and for the three and six months ended June 30, 2026 have been prepared in accordance with IAS 34 Interim Financial Reporting and should be read in conjunction with the Group's last annual consolidated financial statements as at and for the year ended December 31, 2025 ('last annual financial statements'). They do not include all the information required for a complete set of financial ® statements prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board "IASB" (IFRS Accounting Standards). However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group's financial position and performance since the last annual financial statements. These unaudited condensed consolidated interim financial statements were authorized for issue by the Parent Company's Board of Directors on August 10, 2026. Seasonality of operations The business activities carried on by the Group entities, and their transactions are not highly cyclical or seasonal in nature. Accounting standards issued but not yet effective The accounting policies adopted in the preparation of the unaudited condensed consolidated interim financial statements are consistent with those followed in the preparation of the Group's annual consolidated financial statements for the year ended December 31, 2025, except for the adoption of new amendments effective as of January 1 st , 2026, as disclosed in explanatory note 3.25 to the consolidated financial statements for December 31, 2025, which did not have a material impact on the Group's unaudited condensed consolidated interim financial statements. The Group has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective. Functional and presentation currency The unaudited condensed consolidated interim financial statements of the Parent Company, along with those of its subsidiaries, are measured using the currency of the primary economic environment in which each entity operates, referred to as the "functional currency." For the Parent Company, this functional currency is the Brazilian Reais (R$). For presentation purposes, these unaudited condensed consolidated interim financial statements are expressed in United States dollars (US$). Use of judgments and estimates In preparing these unaudited condensed consolidated interim financial statements, management has made judgments and estimates about the future that affect the application of the Group's accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates. The significant judgments made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those described in the last annual financial statements. Fair value Measurement There were no changes in the Group's valuation processes, valuation techniques, and types of inputs used in the fair value measurements during the period. When available, observable market data is used, and third-party valuations are assessed to ensure compliance with accounting standards and appropriate classification within the fair value hierarchy. Fair values are categorized into Level 1 (quoted prices in active markets) and Level 2 (observable inputs other than quoted prices). The Group does not hold assets or liabilities that are categorized within Level 3 of the fair value hierarchy, which involves unobservable inputs. There were no transfers between Level 1 and Level 2 fair value measurements during the period, and no transfers into or out of Level 3 fair value measurements during 2026. Cash and cash equivalents Weighted average rate (p. a.) June 30, 2026 December 31, 2025 Cash and bank balances 13,433 12,290 Short-term financial investments Short-term financial investments - Brazilian reais 14.26% 14,544 9,639 Short-term financial investments - US dollars 2.91% 20,193 21,787 Short-term financial investments - Pound sterling 2.48% 3,081 2,515 Short-term financial investments - Canadian dollar 0.40% 890 1,153 Short-term financial investments - Chinese yuan 1.30% 1,290 480 Total 53,431 47,864 Short-term financial investments mainly consist of fixed-income instruments issued by financial institutions. These instruments earn interest at market-based rates and are held for cash management purposes. Accounts receivable and contract assets Accounts receivable The balances of accounts receivable are presented as follows: June 30, 2026 December 31, 2025 Accounts receivable - in R$ - from Brazil based customers 49,002 53,842 Accounts receivable - in US$ - from United States based customers 29,403 38,549 Accounts receivable - other currencies - from other foreign based customers 9,947 6,777 (-) Expected credit losses (263) (1,880) Accounts receivable, net 88,089 97,288 The balance of accounts receivable by maturity date is as follows: June 30, 2026 December 31, 2025 Current 76,430 90,184 Overdue: from 1 to 60 days 6,475 6,250 61 to 360 days 3,406 897 Over 360 days 2,041 1,837 (-) Expected credit losses (263) (1,880) Total 88,089 97,288 The rollforward of the allowance for credit expected losses is as follows: Expected credit losses December 31, 2025 (1,880) Addition (59) Reversal 1,763 Translation to presentation currency (87) June 30, 2026 (263) As of June 30, 2026, the average expected credit loss rate under the method applied by the Group was 0.03% (0.03% as of December 31, 2025), except for certain credit-impaired customers with fully impaired balances, resulting in an expected credit loss amounting to US$ 243 (of the total of US$ 263). As of December 31, 2025, such credit-impaired customers with fully impaired balances resulted in an expected credit loss amounting to US$ 1,857 (of the total of US$ 1,880). Contract assets The balances of contract assets are presented as follows: June 30, 2026 December 31, 2025 Contract assets - in R$ - from Brazil based customers 40,551 22,715 Contract assets - in US$ - from United States based customers 15,945 8,343 Contract assets - other currencies - from other foreign based customers 6,052 3,212 (-) Expected credit losses (439) (10) Contract assets, net 62,109 34,260 The rollforward of the allowance for expected losses is as follows: Expected credit losses December 31, 2025 (10) Addition (747) Reversal 314 Translation to presentation currency 4 June 30, 2026 (439) Intangible assets and goodwill The rollforward of intangible assets is as follows: Cost Weighted average rate (p.a.) December 31, 2025 Additions Transfers Translation to presentation currency June 30, 2026 Customer relationship 58,732 - - 1,144 59,876 Software 22,009 199 6,341 1,404 29,953 Software in progress 4,592 6,093 (6,341) 184 4,528 Non-compete agreement 2,708 - - 190 2,898 Other 6,223 - - 420 6,643 Goodwill 278,539 - - 6,571 285,110 372,803 6,292 - 9,913 389,008 Amortization Customer relationship 13.18% (26,443) (3,852) - (771) (31,066) Software 25.73% (9,395) (3,111) - (556) (13,062) Non-compete agreement 20.00% (2,224) (441) - (157) (2,822) Other 5.00% (5,393) (28) - (367) (5,788) (43,455) (7,432) - (1,851) (52,738) Total 329,348 (1,140) - 8,062 336,270 Loans and borrowings The loans and borrowings rollforward are summarized as follows: Nominal interest rate Year of maturity December 31, 2025 Proceeds from loans and borrowings Payments related to loans and borrowings Interest paid Interest expenses Exchange rate changes Translation to presentation currency June 30, 2026 In US$ Advance on foreign exchange contract 4.62% to 4.96% p.a 2026 to 2027 25,711 24,611 - - 738 (674) 1,061 51,447 Export credit note SOFR+2.33% p.a 2026 9,120 - - (280) 271 (563) 563 9,111 Working capital loan SOFR+2.60% to 5.02% 2026 to 2028 55,299 - (9,462) (1,106) 1,650 (3,478) 3,472 46,375 90,130 24,611 (9,462) (1,386) 2,659 (4,715) 5,096 106,933 In R$ Export credit note CDI+1.75% 2026 to 2028 32,498 - (5,447) (2,526) 2,360 - 2,024 28,909 32,498 - (5,447) (2,526) 2,360 - 2,024 28,909 Total 122,628 24,611 (14,909) (3,912) 5,019 (4,715) 7,120 135,842 Current 66,443 91,355 Non-current 56,185 44,487 The Group's loan and borrowings bear fixed or variable interest rate indexed to market reference rates such as the Secured Overnight Financing Rate ("SOFR") or Interbank Deposit Certificate ("CDI" - an average of interbank overnight rates in Brazil). The loans and borrowings are not secured by property and equipment or accounts receivable. Advances on foreign exchange contracts During the second quarter of 2026, the Group carried out the following transactions related to advances on foreign exchange contracts: On May 8, 2026, CI&T Brazil obtained funding of US$ 9,852, bearing a nominal annual interest rate of 4.75%, with a single payment of principal and interest due in June 2027. The proceeds are used for general corporate purposes. On June 11, 2026, CI&T Brazil renegotiated the terms of an existing advance on foreign exchange contract with an outstanding principal of US$ 26,141, reducing the nominal annual interest rate from 5.15% to 4.62%. The modified contract matures in December 2026. On June 16, 2026, CI&T Brazil obtained funding of US$ 14,759, bearing a nominal annual interest rate of 4.96%, with a single payment of principal and interest due in July 2027. The proceeds are used for general corporate purposes. Covenants The Group has restrictive covenants in some of its loans and financing agreements, as disclosed in the last annual financial statements, and summarized below: Restrictive clause related to: Measurement frequency Indicators Required Result Export credit note Annual - on December 31, 2025 Net debt (a) / EBITDA (b) Less than or equal to 3.0X In compliance Working capital Annual - on December 31, 2025 Net debt (a) / EBITDA (b) Less than or equal to 3.0X In compliance Net debt means total loans, less cash and cash equivalents. EBITDA means Earnings Before Interest, Tax, Depreciation and Amortization, where Interest refers to net finance costs. Salaries and welfare charges June 30, 2026 December 31, 2025 Accrued vacation and charges 31,791 25,830 Salaries 8,445 7,726 Payroll charges 6,675 5,435 Withholding income tax 4,490 6,498 Bonus 1,880 11,407 Other 1,785 1,774 Total 55,066 58,670 Derivatives The Group enters into derivative financial instruments exclusively to manage financial risks arising from its financing activities. The Group has two interest rate swap contracts outstanding as of June 30, 2026. Both instruments are used to manage the exposure to interest rate volatility associated with the Group's loans and borrowings. These instruments are settled in cash and do not require initial investments other than normal collateral practices, when applicable. June 30, 2026 Maturity Notional in (US$) Floating rate receivable Fixed rate payable Fair value 07/16/2026 9,000 SOFR overnight 3.09% 65 07/07/2026 1,587 CDI US$ variation + 4.90% (91) Total (26) December 31, 2025 Maturity Notional in (US$) Floating rate receivable Fixed rate payable Fair value 07/16/2026 9,000 SOFR overnight 3.09% 190 07/07/2026 4,479 CDI US$ variation + 4.90% (512) Total (322) The rollforward of the derivatives is as follows: Interest rate swaps December 31, 2025 (322) Gains recognized in the statement of profit or loss 336 Loss on settlement of derivatives (25) Translation adjustment (15) June 30, 2026 (26) Asset position on derivative financial instruments 65 Liability position on derivative financial instruments (91) Equity Share capital As of June 30, 2026, the total issued share capital is US$ 7 with a par value of US$ 0.00005. The rollforward of share capital is as follows: Amount of Number of common nominative shares share capital Total Class A Class B December 31, 2025 7 134,579,406 23,802,836 110,776,570 Class B converted to class A - - 166,122 (166,122) June 30, 2026 7 134,579,406 23,968,958 110,610,448 According to the Parent Company's Articles of Association, the outstanding Class B common shares are convertible at any time at the option of the holder into Class A common shares. Treasury share reserve On September 12, 2025, the Board of Directors approved a new share repurchase program, authorizing the repurchase of up to five million of its outstanding class A common shares up to December 31, 2026. The rollforward of the treasury share reserve is as follows: Number of shares Average cost December 31, 2025 5,719,653 (30,016) Share buyback 1,393,236 (6,171) Equity awards settled in treasury stock (522,166) 4,157 June 30, 2026 6,590,723 (32,030) Revenue Revenue by nature of service The Group primarily generates revenue through the provision of services summarized by nature in the table below: Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Software development revenue 134,437 112,413 263,860 218,747 Consulting revenue 4,295 1,959 7,967 3,424 Software maintenance revenue 3,395 2,404 6,296 5,063 Other revenue 693 409 1,305 827 Total revenue 142,820 117,185 279,428 228,061 Revenue by industry vertical The following table sets forth the revenue by industry vertical for the periods indicated: Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 By industry vertical Financial services 56,831 41,782 108,016 79,029 Retail and industrial goods 26,791 24,169 54,736 48,390 Consumer goods 22,805 24,954 45,646 47,823 Technology and telecommunications 17,137 10,212 33,223 21,600 Life sciences 10,973 9,461 21,444 18,519 Other 8,283 6,607 16,363 12,700 Total revenue 142,820 117,185 279,428 228,061 Revenue by country The table below summarizes revenues by country: Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Brazil 72,017 54,519 138,118 104,205 United States of America 57,047 51,775 114,094 100,834 Other countries 13,756 10,891 27,216 23,022 Total revenue 142,820 117,185 279,428 228,061 Revenue by country was determined based on the country in which the sale occurred. Revenue by client concentration Revenue generated from a single external customer represents 11.2% of the Group's total revenues as of June 30, 2026 (10.9% as of June 30, 2025). Expenses by nature Information on the nature of expenses recognized in the unaudited condensed consolidated interim statement of profit or loss is presented below: Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Employee expenses (108,930) (84,743) (212,769) (167,139) Third-party services and other inputs (9,761) (7,094) (18,532) (13,525) Depreciation and amortization (5,591) (4,605) (11,149) (9,002) Travel expenses (1,966) (1,458) (3,440) (2,528) Share-based compensation (1,329) (1,423) (2,376) (2,384) Impairment reversal (loss) on accounts receivable and contract assets 45 (92) 1,271 239 Other costs and expenses (3,226) (2,270) (6,182) (4,011) Total (130,758) (101,685) (253,177) (198,350) Net finance costs Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Finance income: 5,878 4,730 11,403 9,542 Foreign-exchange gain 4,728 2,554 9,153 4,590 Interest income on other assets 392 218 745 603 Income from financial investments 425 1,019 739 1,989 Gains on derivatives 204 927 625 2,284 Other finance income 129 12 141 76 Finance costs: (8,928) (5,746) (16,445) (12,302) Interest and charges on loans and leases (2,720) (3,207) (5,458) (6,320) Foreign-exchange loss (5,561) (1,777) (9,703) (4,364) Interest expenses on other liabilities (187) (203) (375) (373) Loss on derivatives (146) (364) (289) (898) Other finance costs (314) (195) (620) (347) Net finance costs (3,050) (1,016) (5,042) (2,760) Income tax expense The income tax expense recognized in profit or loss for the periods are shown as follows: Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Current income tax (1,059) (1,521) (1,411) (2,832) Deferred income tax (2,203) (3,221) (6,485) (6,930) Total income tax (expenses) (3,262) (4,742) (7,896) (9,762) Effective tax rate reconciliation The nominal tax rate was computed based on the Brazilian tax law, taking into account the combined income tax and social contribution tax rate given that Brazil is currently the main operation of the Group. The reconciliation of the effective tax rate with the average nominal tax rate is as follows: Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Profit before income tax 9,012 14,484 21,209 26,951 Nominal income tax rate 34% 34% 34% 34% Tax expenses per nominal income tax rate (3,064) (4,925) (7,211) (9,163) Tax benefits incentives 895 65 1,652 191 Tax rate differences on subsidiaries (223) 807 (582) 1,473 Permanent differences (341) (139) (506) (372) Tax losses for which no deferred tax asset is recognized (540) (589) (1,117) (1,480) Other 11 39 (132) (411) Income tax expenses (3,262) (4,742) (7,896) (9,762) Effective rate 36% 33% 37% 36% CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars - US$, unless otherwise indicated) Movement in deferred tax balances December 31, 2025 Recognized in profit or loss Reclassification Recognized in OCI Translation to presentation currency June 30, 2026 Assets Liabilities Goodwill (33,285) (4,668) - - (1,881) (39,834) - (39,834) Provisions 1,420 (480) - - 65 1,005 1,005 - Property and equipment 263 216 - - 26 505 505 - Derivatives 110 (108) - - 7 9 9 - Bonus accrued 3,354 (2,997) - - 185 542 542 - Intangible assets (624) 156 - - 78 (390) 1,674 (2,064) Share-based compensation 3,102 (192) - - 112 3,022 3,022 - Lease 173 (15) 12 - 10 180 180 - Other temporary differences 95 32 (12) - - 115 115 - Tax loss carryforward 613 1,571 - (30) (19) 2,135 2,135 - Total (24,779) (6,485) - (30) (1,417) (32,711) 9,187 (41,898) Offset of deferred taxes (8,411) 8,411 Net Tax assets (liabilities) (32,711) 776 (33,487) 22 Financial risk management Fair value hierarchy The following table presents the carrying amounts and fair values of financial assets and financial liabilities, along with their respective levels in the fair value hierarchy. It excludes fair value information for financial assets and financial liabilities that are not measured at fair value, provided the carrying amount is a reasonable approximation of fair value. June 30, 2026 Financial assets Note Level Fair value Carrying amount Derivative financial instruments 10 2 65 65 Short-term financial investments 5 2 39,998 39,998 Financial liabilities Derivative financial instruments 10 2 (91) (91) Loans and borrowings 8 2 (134,996) (135,842) December 31, 2025 Financial assets Note Level Fair value Carrying amount Derivative financial instruments 10 2 190 190 Short-term financial investments 5 2 35,574 35,574 Financial liabilities Derivative financial instruments 10 2 (512) (512) Loans and borrowings 8 2 (121,935) (122,628) For other financial instruments recognized by the Group, due to their short-term nature, their carrying amounts approximate fair value and therefore they are not included in the fair value disclosures nor in the fair value hierarchy. It includes accounts receivable and trade and other payables. Related parties Transactions with key management personnel Three months ended June 30, 2026 Three months ended June 30, 2025 Six months ended June 30, 2026 Six months ended June 30, 2025 Direct compensation 479 447 1,371 1,121 Share-based compensation program 39 32 51 51 The Group has no additional post-employment obligation and no other long-term benefits, such as premium leave or severance benefits. The Group also does not offer other benefits in connection with the dismissal of its Senior Management's members. These expenses are recognized in general and administrative expenses. Operating segments Operating segments are defined based on business activities that reflect how the Chief Operating Decision Maker ("CODM") reviews financial information within the decision-making process. The Group's CODM is the Group's Board of Directors. The CODM oversees operational decisions related to resource allocation and performance evaluation. The CODM considers the whole Group as a single operating and reportable segment, monitoring operations, making decisions on fund allocation and evaluating performance based on a single operating segment. Non-cash transaction Additions of property and equipment Additions and disposals of right-of-use assets Share-based compensation exercised Total As of June 30, 2026 Property and equipment 65 - - 65 Right-of-use assets - (813) - (813) Trade and other payables (65) - - (65) Lease liabilities - 813 - 813 Equity settled share-based payment exercised - - (3,938) (3,938) Treasury shares reissued - - 3,938 3,938 Additions of property and equipment Additions and disposals of right-of-use assets Share-based compensation exercised Total As of June 30, 2025 Property and equipment 264 - - 264 Right-of-use assets - 1,270 - 1,270 Trade and other payables (264) - - (264) Lease liabilities - (1,270) - (1,270) Equity settled share-based payment exercised - - (3,902) (3,902) Treasury shares reissued - - 3,902 3,902 Subsequent events [Under monitoring until the filing date.] ************** fi