2025 Earnings Release

Eornings

Reieose

2025

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Padtec Holding S.A. February 25th, 2026

Results Webcast

Thursday, February 26th, at 09:OO a.m. (Sao Paulo, Brazil time) Teams platform

The webcast will be hosted in Portuguese. Acess www.padtec.com to add the meeting to your calendar.

PDTC

B3 LISTED NM

i»adtec

Investor Relations ri@padtec.com.br

+55 19 2101-9703

2025 Earnings Release

Campinas, SP, February 25, 2026. Padtec Holding S.A. (B3: PDTC3) (together with its subsidiaries, especially Padtec S.A., the "Company" or "Padtec") presents its results for the fourth quarter of 2025 ("4Q25") and for the fiscal year ended December 31, 2025 ("2025"), in accordance with Brazilian accounting practices and International Financial Reporting Standards (IFRS) issued by the IASB.

• Net revenue totaled R$ 291.9 million in 2025, virtually stable compared to 2024, reflecting a strategy focused on margins and on prioritizing contracts with better returns. Services Expansion and Internationalization: Key Value Drivers
• International Market revenue grew 10.1%, strengthening geographic diversification.
• Platforms, Software and Services revenue reached R$ 57.4 million, increasing the share of recurring revenue streams in the Company's mix. Profitability
• Gross profit reached R$ 104.6 million, with a 35.8% gross margin (+4.0 p.p. vs. 2024).
• Net income was R$ 6.9 million, reversing the R$ 27.8 million loss in 2024.
• EBITDA reached R$ 42.7 million, with a 14.6% EBITDA margin (+144.0% vs. 2024). Capital Structure
• Gross debt: R$ 282.8 million as of Dec-31-2025 (-16.8% vs. Dec-24).
• Net debt: R$ 136.5 million as of Dec-31-2025

  o Net debt / EBITDA: 3.2x (representing a significant improvement from the 8.5x ratio recorded in 2024).

  Commercial Performance

  In 2025, Order Intake reached R$ 392.2 million, an increase of 5.5% over 2024. The performance reflects the effectiveness of the Company's strategy of diversification and portfolio expansion, with a growing share of integrated solutions, software, and specialized services - a segment that grew 73.6% in 2025, reaching its highest volume in history. This dynamic helped reduce the typical seasonality of the Equipment business.

  4Q25 Highlights
• Net revenue: R$ 70.0 million, reflecting greater quarterly consistency.
• Gross profit: R$ 25.3 million, 36.2% gross margin (+0.5 p.p. vs. 4Q24).
• EBITDA: R$ 15.3 million (+43.0% vs. 4Q24).
• EBITDA margin: 21.9% (+10.8 p.p. vs. 4Q24).

"The year was marked by important structural decisions, guided by disciplined execution, improvements in gross profitability, and a focus on economic efficiency."

In 2025, Padtec advanced consistently in its strategy centered on profitability, operational efficiency, and greater predictability of results. The slight reduction in revenue reflected adjustments in production pace and prioritization of higher-return contracts, contributing to a significant improvement in operational cash generation, as evidenced in EBITDA and Net Income.

The Company expanded the diversification of its revenue sources, with notable contributions from international operations and the growth of its services, software, and platform offerings. As a result, 2025 consolidated itself as the second-best sales year in the history of this business unit, reinforcing its positioning in high-value and recurring solutions.

The strategic and operational initiatives implemented throughout the year resulted in the highest gross margin of the past five years, driven by product mix improvements, commercial discipline, and industrial efficiency. The reorganization of the manufacturing facilities and service operations also contributed to productivity gains, process optimization, and greater operational flexibility.

Results throughout 2025 were consistent and improved month by month. Operating net revenue remained virtually stable versus 2024, reflecting deliberate planning focused on balancing demand, production capacity, profitability, and efficiency. In 4Q25, gross margin reached 36.2%, and EBITDA totaled R$ 15.3 million, reaching R$ 42.7 million for the year, growth of 144.0% compared to 2024.

Data-traffic indicators continue to follow a steady upward trend, driven by the expansion of the data center market and by growing demand for robust connectivity solutions - both for data center interconnection and for distribution networks. Additionally, the intensified use of streaming services, online gaming, and artificial intelligence applications supports a new wave of investment in connectivity. Even so, in the Brazilian context, 2025 was marked by significant challenges, particularly due to the cost of capital.

Despite the challenging macroeconomic and geopolitical environment, which brought uncertainties for several industry participants, the impact on the Company's supply chain remained neutral. Padtec benefits from flexibility and technological neutrality, with no relevant geopolitical restrictions in supplier selection, allowing it to serve international projects according to each customer's specific requirements..

i»adtec

Consolidated Results

PDTC

B3 LISTED NM

Padtec's gross operating revenue (excluding returns and cancellations) was R$ 83.9 million in 4Q25, a decrease of 28.5% vs. 4Q24. For the full year, gross operating revenue totaled R$

354.6 million, a decline of 2.7% vs. 2024.

Net revenue reached R$ 70.0 million in 4Q25, down 27.1% compared to 4Q24; and R$ 291.9 million in 2025, down 2.3% vs. 2024.

In 4Q25, revenue from the Equipment business unit in Brazil totaled R$ 31.6 million, a 43.4% decrease compared to 4Q24. In the international market, Equipment revenue declined 9.5% over the same period, reaching R$ 22.3 million in 4Q25. In the Services, Software and Platforms segment, net revenue totaled R$ 16.1 million, representing a 3.7% increase versus 4Q24.

Comparing 2025 with 2024, revenue from the Equipment business unit in Brazil decreased 9.9%, from R$ 170.7 million to R$ 153.8 million. International Equipment revenue grew 10.1%, rising from R$ 73.3 million to R$ 80.6 million. In the Services, Software and Platforms segment, revenue increased 4.8%, an expansion of R$ 2.6 million.

One of the Company's key pillars is the efficient management of its production costs. In addition to this commitment, Padtec also benefits from manufacturing and developing most of its products locally in Campinas, São Paulo.

In 4Q25, gross profit totaled R$ 25.3 million, with a 36.2% gross margin. This result represents a 26.1% decrease compared to 4Q24, when gross profit reached R$ 34.2 million, while gross margin improved by 50 basis points between the periods.

In 2025, gross profit amounted to R$ 104.6 million, an increase of 10.1% over 2024, with a 35.8% gross margin, an improvement of 400 basis points year over year.

Administrative, commercial, and R&D expenses amounted to R$ 20.3 million in 4Q25, a reduction of 24.5% vs. 4Q24.

Other operating income totaled R$ 5.2 million in 4Q25, reflecting changes in labor contingencies, customer receivables provisions, tax credit recognition, and labor settlements.

Net financial result was positive R$ 1.0 million in 4Q25, compared to a R$ 10.8 million loss in 4Q24.

The Company reported R$ 10.8 million net income in 4Q25 (vs. a R$ 6.4 million loss in 4Q24). For 2025, net income was R$ 7.0 million, compared to a R$ 27.8 million loss in 2024.

The Company considers EBITDA-defined as net income plus income tax and social contribution, depreciation and amortization expenses, and financial result-an important metric for investors, as it provides relevant insight into its operating performance, profitability, and operational cash generation.

In 4Q25, EBITDA totaled R$ 15.3 million (21.9% EBITDA margin), compared to R$ 10.7 million in 4Q24 (11.1% EBITDA margin). In 2025, EBITDA reached R$ 42.7 million (14.6% EBITDA margin), more than double the R$ 17.5 million recorded in 2024 (5.9% EBITDA margin).

As of the end of December 2025, loans and financing totaled R$ 282.8 million, of which 92.0% represented long-term obligations and 8.0% short-term obligations. The 16.8% reduction in Padtec's indebtedness compared to the position at year-end 2024 is primarily attributable to the maturity of FINIMP credit lines obtained from Banco Votorantim (in January) and Banco do Brasil (in April). In 2025, the Company paid R$ 77.8 million in interest and principal related to its outstanding loans. The average cost of funding was 9.3% per year (vs. 8.4% per year in 2024), with an average maturity of 10 years.

Cash and cash equivalents totaled R$ 80.4 million in December (vs. R$ 158.1 million at year-end 2024), and restricted financial investments amounted to R$ 66.0 million (vs. R$ 32.6 million in December 2024), totaling R$ 146.3 million. The funds allocated to restricted financial investments serve as collateral for loans contracted with BNDES and FINEP.

As a result, at the end of 2025, net debt amounted to R$ 136.5 million, with a net debt / EBITDA ratio of 3.2x and a net debt / equity ratio of 1.0x.

The Company's capital structure enables the acceleration of its product and solutions portfolio expansion, allowing it to respond more efficiently to the needs of different sectors of the economy, broaden its geographic presence, and support the availability of financing lines for its customers.

To facilitate the acquisition of its products and deployment services by customers who do not have direct access to the financing lines available in the market, Padtec structures financial operations based on credit assignment and receivables discounting. Among these mechanisms, the FINEP Aquisição Inovadora Telecom program stands out, offering customers highly favorable conditions for acquiring Padtec equipment.

Since 2017, approximately 70 customers have obtained financing through these transactions. To mitigate counterparty credit risk, ensure proper financial risk management, and maintain delinquency levels close to zero, the Company conducts close and continuous monitoring of each of these clients.

In 4Q25, Padtec had R$ 47.2 million in such operations recorded on its balance sheet, representing guarantees for financing obtained by some of its customers. Of this amount, 46.5% relates to long-term obligations and 53.5% to short-term obligations. The corresponding entries are recorded under current and non-current assets.

FIDC Funttel Padtec

In addition to the instruments mentioned above, Padtec also operates a credit rights investment fund (FIDC) in partnership with BNDES Participações S.A. - BNDESPAR ("BNDESPAR"). Activities of the FIDC Funttel Padtec, launched in 2Q22, include BNDESPAR as the senior quota holder (with an 80% stake) and Padtec S.A., the Company's subsidiary, as the subordinated quota holder (20%). The objective of the Fund is to promote technological innovation, encourage the development of human capital, foster job creation, and expand access to financing for small and medium-sized companies by granting credit to Padtec's customers-ultimately supporting the competitiveness of the Brazilian telecommunications industry.

By the end of December 2025, investors in the FIDC Funttel Padtec had committed R$ 87.5 million. A total of R$ 102.7 million in credit had been extended to 44 Padtec customers, of which approximately 76.8% remained outstanding.

The FIDC Funttel Padtec is consolidated in the Company's financial statements in accordance with CPC 36 (R3) - Consolidated Financial Statements, aligned with International Financial Reporting Standards - IFRS 10 (IASB - 2012 version). However, for purposes of this Earnings Release, the Fund's balances are not included in the calculations and analyses presented in the "Debt, Cash and Capital Structure" section.

Padtec and its employees remain consistently committed to developing products and services that best meet customer needs across the telecommunications and technology sectors. The Company offers high-quality products, services, and solutions that add value throughout this ecosystem. Padtec's offerings-whether developed internally or in partnership with other companies-stand out for their high technological content, flexibility, and strong standards of robustness, quality, and reliability.

Research and development ("R&D") investments totaled R$ 6.3 million in 4Q25 (9.1% of net revenue for the quarter), reaching R$ 33.4 million in 2025 (versus R$ 43.0 million in 2024). Because the Statement of Profit or Loss reflects the effect of capitalization and deferrals, that report recognizes R$ 3.5 million in R&D expenses for 4Q25 and R$ 20.8 million for 2025 (compared with R$ 34.3 million in 2024).

The Company also maintains partnerships with universities and research centers, supporting the expansion and diversification of technological innovations that drive the ongoing development of the telecommunications ecosystem.

For 2026, the Company remains focused on long-term value creation, with disciplined execution and no numerical guidance. Strategic priorities include:

• Accelerating growth in Services, Software and Platforms, expanding network operation, maintenance, and management contracts.
• Advancing high-capacity connectivity solutions with a focus on efficiency, interoperability, and intelligent networks.
• Strengthening international presence in Latin America and selected global markets.
• Capturing opportunities in data centers and interconnection (DCI) through scalable, high-performance solutions.
• Maintaining financial discipline, focusing on cash generation and efficient capital allocation.

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Appendices

PDTC

B3 LISTED NM

This report may contain projections and/or estimates of future events. The use of the terms "anticipates", "believes", "expects", "estimates", "plans", "predicts", and "projects", among others, intends to signal possible trends and statements that, of course, involve uncertainties and risks, and future results may differ from current expectations. Forward-looking statements are based on several assumptions and factors, including economic, market, and industry conditions, in addition to operating factors. Any changes in these assumptions and factors may lead to practical results that are different from current expectations. These forward-looking statements should not be fully trusted. Forward-looking statements reflect opinions only on the date they were prepared and presented. The Company is not obliged to update them in the face of new information or new developments. The Company is not responsible for operations that are carried out or for investment decisions that are made based on these projections and estimates. Finally, the pro forma financial information contained in this report has not been audited and therefore may differ from the final audited results.