2Q25 Earnings Release

Eornings Releose

2Q25

Padtec Holding SA. August O6th, 2025

Resuhs Webcast

Thursday August O7th, at 10:00 a.m. (Sâ o Paulo, Brazil time) Teams pl atform

The webca st will be hosted in Portuguese. Acess www pnrJtee.en rrito add the meeting to your cal endar.

jaadtec

Investor Relations ri@pa dtec.com.b r

+55 19 210J-9703

PDTC

B9 LISTED NM

Campinas, SP, August 6th, 2025. Padtec Holding S.A. (B3: PDTC3) (and together with its subsidiaries, in particular Padtec S.A., "Company" or "Padtec") presents its results for the second quarter of 2025 ("2Q25") and for the twelve months ended June 30, 2025 ("LTM 2Q25"), under accounting practices adopted in Brazil and International Financial Reporting Standards ("IFRS") issued by the International Accounting Standards Board ("IASB").

350

300

250

200

Net Revenues (R$MM)

EBITDA (R$MM); EBITDA Margin (%)

(6.2)

(10.7%)

8.8

1

17.5

20 +83.7%

10.7

10

32.2

150

100

50

0

0

-10

6.3

6.8

6.0

298.8

+6.2%

317.2

2Q25 x 2Q24: +6.6%

LTM 2Q25 x 2024: +6.2%

179.9

170.7

96.0

75.9

73.2

73.0

80.7

58.4

68.5

72.3

18.6 18.3

11.2 14.2 13.8

24.6

15.5

54.7

16.3

13.0

21.5

14.2

56.4

35.5

11.7

42.9

35.6

37.4

43.7

1 Q 24 2 Q 24 3 Q 24 4 Q 24 2024 1 Q 25 2 Q 25 LTM

2 Q 25

1Q24 2Q24 3Q24 4Q24 2024 1Q25 2Q25 LTM

2Q25

Market overview

• Padtec: a company made up of people who believe that connecting is transforming.

• Global data traffic indicators continue on a consistent growth trajectory, reinforcing the positive outlook for expansion and value creation for the Company.

• Growing demand for robust connectivity solutions, submarine and sub-river systems, and data centers is expanding the Company's operating boundaries.

• Flexibility in the face of geopolitical demands evidenced by customers and other stakeholders.

  2Q25 Results

• Sales Orders: Highlights include growth in sales orders, where Padtec Global grew by +25.58%, materializing the strategy to expand the product and service line.

  o +3.0% Equipment

  o +121.43% Project integration, software, and specialized services

• Net revenue: In 2Q25, total net revenue amounted to R$ 73 million, 6.6% above 2Q24. Notably, the international expansion led to a 15.6% increase in revenue compared to 2Q24.

• EBITDA: In 2Q25, EBITDA totaled R$ 6.0 million, with an EBITDA margin of 8.2%.

  LTM 2Q25 Results

• Net Revenue: In LTM 2Q25, total net revenue reached R$ 317.2 million, +6.2% compared to 2024, with growth in all business units: +5.4% in Equipment Brazil, +10.3% in Equipment Foreign Market,

  +3% in Services, Software, and Platforms.

• Proven operational efficiency: gross profit of R$ 109.3 million in LTM 2Q25 and gross margin of 34.5% (an increase of 270 basis points over 2024).

• EBITDA: EBITDA reached R$ 32.2 million in LTM 2Q25 (almost double that of 2024, R$ 17.5 million), with an EBITDA margin of 10.2%.

• The average funding cost of 9.4% p.a. in 2Q25 and average payment term of 11 years - short-term loans and financing represent only 7.5% of total debt in June.

• Strong presence in Latin America reinforced by the recent opening of a subsidiary in Mexico.

• New partnerships signed with FixUno and Braxem aim to strengthen Padtec's operations in Mexico and the United States.

• The restructuring of the executive board, with effects on administrative, commercial, and operational areas, announced in July, is part of the strategy to resume growth and business sustainability to pave the way for Padtec's future.

Padtec achieves its results by connecting the world with intelligence and innovation. By solving challenges with purpose, creativity, and operational excellence, it contributes to the development of society and the economy, developing new futures in an increasingly globalized and sustainable world.

The results achieved in the first half of 2025 are consistent and have been growing over the months. Gross operating revenues in 2Q25 rose 7.7% compared to 2Q24, gross margin (an important indicator of profitability) reached 35.5%, and EBITDA totaled R$6.0 million in the quarter, reaching R$ 32.2 million in LTM 2Q25 (83.7% above that recorded in 2024). Data traffic indicators continue to show consistent growth, with promising prospects for further expansion. The data center market is booming, with growing demand for robust connectivity solutions. Market data on access to video streaming services, online games, and artificial intelligence tools indicate that there is still room for growth. Even so, 2025 has been a year of many challenges.

The current macroeconomic and geopolitical issues are challenging. Although this new scenario brings uncertainty for many competitors and other players in the telecommunications ecosystem, the impact on the Company's supply chain has been neutral. The geopolitical scenario also directly affects the choice of suppliers for international projects, but Padtec has the flexibility and neutrality to respond to this environment, delivering products and services according to the needs of each customer.

In July, the Company announced a restructuring of its executive board, affecting administrative, commercial, and operational areas, which resulted in the dismissal of almost 100 employees (approximately 17% of the workforce at the end of March 2025). The objective is to adapt the structure to the market reality and boost cash generation for the company. To this end, Carlos Raimar Schoeninger, CEO of Padtec, moved from Investor Relations to Chief Financial Officer and took over Global Sales. The former Commercial Department was renamed Domestic Sales, and an International Sales Department was created. The Legal Department is now under the responsibility of the Finance Department. Finally, the Platforms and Solutions Department has

been renamed the Product Department and is now responsible for the company's portfolio management and strategy, including research and development.

Padtec's restructuring is part of its strategy to resume growth and ensure the long-term sustainability of its business. The Company remains committed to diversifying its revenue sources, which include Equipment (DWDM, switches, plugables), Services, Software and Platforms, submarine and river cables, both in Brazil and in international markets. Padtec offers its customers strategic partnerships in key areas such as 5G networks, solutions for submarine/sub-river networks, for the data center market (whose rapid growth is driven by the increasing adoption of AI) and IP networks (routers and switches). The software tools offered by Padtec enable the integration of cyber security resources developed by partners into its network solutions.

In addition to organic growth initiatives, Padtec is attentive to inorganic expansion opportunities that could add new skills and technologies. And to support sales growth in the various markets where it operates, it develops new financing models for use by its customers.

Padtec's gross operating revenue (excluding returns and cancellations) in 2Q25 was R$ 88.5 million, an increase of 7.7% over 2Q24. Comparing LTM 2Q25, R$ 386 million, with 2024, R$ 364.2 million, the increase was 5.9%.

Net revenue for the quarter totaled R$ 73 million, 6.6% more than in 2Q24, reaching R$ 317.2 million in LTM 2Q25, a 6.2% increase compared to 2024.

In 2Q25, revenues obtained in Brazil from the Equipment business unit totaled R$ 37.4 million, an increase of 5% compared to 2Q24. In the international market, revenues from Equipment increased 15.5% between these periods, reaching R$ 21.5 million in 2Q25. In the Services, Software and Platforms segment, net revenues were R$ 14.1 million, stable compared to 2Q24.

In a comparison between LTM 2Q25 and 2024, there was a 5.4% increase in revenues obtained in Brazil from the Equipment business unit - R$ 179.9 million compared to R$ 170.7 million. Revenues from Equipment in the foreign market grew 10.3% between these periods, from R$ 73.3 million to R$ 80.8 million. In the Services, Software and Platforms segment, the increase was 3.0%, an increase of R$ 1.6 million.

One of the Company's pillars is the efficient management of its production costs. Combined with this commitment, Padtec also benefits from manufacturing and developing most of its products locally in Campinas/SP.

In 2Q25, gross profit was R$ 26 million, with a gross margin of 35.5%. This result corresponds to an increase of 20.1% over the gross profit of 2Q24, R$ 21.6 million, and 400 basis points in the gross margin between the periods.

In LTM 2Q25, gross profit totaled R$ 109.3 million - 15% above 2024 - with a gross margin of 34.5% - 270 basis points higher than in 2024.

Administrative, commercial, and research and development expenses totaled R$ 24.0 million in 2Q25, 9.7% higher than in 2Q24.

Movements in the classifications of provisions for labor contingencies and provisions for receivables from customers and doubtful accounts, in addition to labor indemnity payments, contributed to other operating expenses totaling R$ 1.7 million in 2Q25.

In 2Q25, net financial income was negative at R$ 8.2 million, compared to a loss of R$ 3.6 million in 2Q24.

The Company recorded a loss of R$ 7.9 million in 2Q24 and in LTM 2Q25, the result was negative at R$ 17.8 million (compared to a loss of R$ 27.8 million in 2024).

The Company considers EBITDA, which corresponds to net income plus income tax and social contribution, depreciation and amortization expenses, and financial results, to be an important parameter for investors, as it provides relevant information about its operating results, profitability, and operating cash flow.

EBITDA

In 2Q25, EBITDA totaled R$ 6.0 million (EBITDA margin of 8.2%), compared to R$ 6.3 million in 2Q24 (EBITDA margin of 9.2%). In LTM 2Q25, EBITDA reached R$ 32.1 million (EBITDA margin of 10.2%), almost double that recorded in 2024, R$ 17.5 million (EBITDA margin of 5.9%).

At the end of June 2025, loans and financing totaled R$ 291.2 million, of which 92.5% were long-term obligations and 7.5% were short-term obligations. The 14.3% reduction in Padtec's debt compared to the closing position in 2024 is due to the maturity of FINIMP lines obtained from Banco Votorantim (in January) and Banco do Brasil (in April). In 1H25, R$ 57 million was paid in interest and principal on loans taken out by the Company. The average cost of funding was 9.4% per annum (vis-vis 8.4% per annum in 2024) and the average payment term of 11 years.

2025

10.484

2026

22.167

2027

18.723

2028

12.344

2029 2030 onwards

Loan and financing

28.925

198.539

total

291.182

In March, Padtec S.A. contracted a credit line with BNDES under the FUST-Commercialization Financing Program, which will be used to finance the commercialization of machinery and equipment, in the amount of up to R$ 30 million. The funds will be released by the BNDES upon proof of the project/sale of machinery and equipment (without immediate availability of the total amount of this financing).

Cash and cash equivalents in June totaled R$ 54.3 million (R$ 158.1 million at the end of 2024) and financial investments as collateral totaled R$ 57.7 million (R$ 32.6 million in December 2024), totaling R$ 112 million. The amounts allocated to financial investments as collateral secure debts taken on with BNDES and FINEP.

In 2Q25, net debt totaled R$ 179.2 million, with a net debt/LTM EBITDA1 ratio of 5.56 and a net debt/equity ratio of 1.52.

The Company's capital structure enables it to accelerate the expansion of its portfolio of products and solutions, more efficiently meeting the demands of different sectors of the economy, expanding its geographic presence, and enabling financing lines for its customers.

To facilitate the acquisition of its products and implementation services by customers who do not have direct access to financing lines available in the market, Padtec carries out financial operations based on the principle of credit assignment and discounts on receivables. Among these lines, FINEP Aquisição Inovadora Telecom stands out, which allows customers to take advantage of very favorable conditions for the acquisition of Padtec equipment.

‌1 LTM EBITDA corresponds to the sum of EBITDA recorded in the last twelve months.

Since 2017, around 70 customers have obtained credit using these transactions. To mitigate the credit risk of its counterparties, the Company closely monitors each of these customers through adequate financial risk management and by maintaining a default rate close to zero.

In 2Q25, Padtec had operations of this nature on its balance sheet in the amount of R$ 67.3 million, given as collateral for financing taken out by some of its customers. Of this amount, 51% is long-term obligations and 49% is short-term. The counterpart of these entries is recorded in current assets and non-current assets.

Financial Transactions - Co-obligations

In addition to the instruments mentioned above, Padtec also has a credit rights investment fund in partnership with BNDES Participações S.A. - BNDESPAR (BNDESPAR). The operations of FIDC Funttel Padtec, which began in 2Q22, have BNDESPAR as the senior shareholder (with an 80% stake) and the subsidiary Padtec

S.A. as the subordinate shareholder (20%). The fund's objective is to stimulate technological innovation, encourage human resources, foster job creation, and promote access to capital resources for small and medium-sized companies by granting credit to Padtec's customers, with the aim of increasing the competitiveness of the Brazilian telecommunications industry.

By the end of June 2025, FIDC Funttel shareholders had made R$ 75 million available. Loans totaling R$ 83.1 million were granted to 38 Padtec customers, of which approximately 81% remain outstanding.

FIDC Funttel Padtec is consolidated in the Company under the rules of Technical Pronouncement CPC 36 (R3) Consolidated Financial Statements, correlated with International Accounting Standards - IFRS 10 (IASB

- BV 2012). However, for this Results Release, the amounts of the Funttel Padtec FIDC are not considered for the calculations and analyses presented in the section "Indebtedness, cash and capital structure."

Padtec and its employees are constantly committed to developing products and services to best serve customers, according to the needs presented by the telecommunications and technology segments. The Company offers high-quality products, services, and solutions that add value to the businesses in this value chain. The products and services offered by Padtec, developed internally or in partnership with other companies, stand out for their high technological content, great flexibility, and high standards of robustness, quality, and reliability.

Investments in research and development ("R&D") totaled R$ 10.5 million in 2Q25 (14.3% of net revenue in the quarter), totaling R$ 40.6 million in LTM 2Q25 (R$ 43 million in 2024). As the amount recorded in the

Income Statement reflects the effect of deferrals, these expenses total R$ 7.5 million in 2Q25 and R$ 32.8 million in 2Q25 LTM.

The Company also has partnerships with universities and research centers, favoring the increase and diversification of the range of technological innovations that sustain the continuous development of the telecommunications ecosystem.

• Income Statement - Consolidated

  CONSOLIDATED

  (in thousand of Brazilian Reais)	1Q24	2Q24	3Q24	4Q24	2024		1Q25	2Q25	2025
  Gross operating revenues	73.537	82.116	91.541	117.332	364.526		88.610	88.471	385.954
  Sales taxes	(15.156)	(13.615)	(15.622)	(21.374)	(65.767)		(16.309)	(15.462)	(68.767)
  Net operating revenues	58.381	68.501	75.919	95.958	298.759		72.301	73.009	317.187
  Cost of products sold and services rendered	(43.509)	(46.912)	(51.579)	(61.716)	(203.716)		(47.480)	(47.090)	(207.865)
  									-
  Gross profit	14.872	21.589	24.340	34.242	95.043		24.821	25.919	109.322
  Operational income (expenses)
  Administrative expenses	(6.452)	(5.983)	(6.631)	(7.388)	(26.454)		(8.429)	(7.228)	(29.676)
  Commercial expenses	(8.424)	(8.155)	(8.696)	(9.255)	(34.530)		(8.278)	(9.243)	(35.472)
  Research and development expenses	(8.466)	(7.751)	(7.792)	(10.248)	(34.257)		(7.148)	(7.548)	(32.736)
  Other operational expenses (income)	(3.028)	893	(377)	(3.126)	(5.638)		2.036	(1.742)	(3.209)
  	(26.370)	(20.996)	(23.496)	(30.017)	(100.879)		(21.819)	(25.761)	(101.093)
  Profit/(losses) before financial income (expenses)	(11.498)	593	844	4.225	(5.836)		3.002	158	8.229
  Financial income	(6.488)	(11.129)	(12.332)	(23.264)	(53.213)		(8.575)	(15.988)	(60.159)
  Financial expenses	3.458	7.508	8.152	12.487	31.605		5.696	7.791	34.126
  Profit/(losses) income tax and social contribution	(14.528)	(3.028)	(3.336)	(6.552)	(27.444)		123	(8.039)	(17.804)
  Income tax and social contribution Current	(14)	(464)	(104)	188	(394)		(173)	133	44
  Deferred					-				-
  Net result in the period	(14.542)	(3.492)	(3.440)	(6.364)	(27.838)		(50)	(7.906)	(17.760)

• Balance Sheet - Consolidated

12/31/2024

06/30/2025

Liability Current

Loans and financing Commercial leasing operations Suppliers

Related parties

Payable taxes and contributions

Payable taxes and contributions in installment Social contributions

Dividends payable General provisions

Sales financing operation

Advances from customers Other accounts payable

21.703

5.035

42.012

326

5.001

623

23.230

39

2.895

34.072

1.174

1.834

12/31/2024

158.084

1.837

142.504

117.157

28.782

41.929

4.544

76.473

5.103

57.826

569

8.618

623

18.713

39

3.210

41.929

2.327

3.168

Total current assets

385.604

494.837

Non-current Accounts receivable Inventories

Restricted financial investments Derivative Financial Instruments Sales financing operation Judicial deposits

Other credits

58.613

1.876

57.651

240

33.223

1.716

517

40.359

-32.599

971

46.156

1.293

317

Total current liabilities

137.944

218.598

Non-current

Loans and financing Suppliers

Commercial leasing operations

Payable taxes and contributions in installment General provisions

Provisions for labor and tax risks Sales financing operation Liabilities - FIDC Senior Shares

Other accounts payable

269.479

-9.462

364

269

10.610

33.223

64.789

-

263.405

619

12.283

675

393

13.866

46.156

41.609

147

Fixed assets

Intangible assets

37.275

67.328

41.316

61.834

Total non-current assets

258.439

224.845

Total assets

644.043

719.682

(in thousand of Brazilian Reais) Consolidated Consolidated

Total non-current liabilities

388.196

379.153

Total liabilities

526.140

597.751

Equity

Capital stock Capital reserve Accumulated loss

Goodwill on capital transaction

Other comprehensive income

138.442

2.450

(24.055)

599

467

138.442

2.450

(16.099)

599

(3.461)

Total of shareholders' equity

117.903

121.931

Total of liabilities and shareholders' equity

644.043

719.682

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.