Dennis Herszkowicz - CEO Gilsomar Maia - CFO Sergio Serio - IR Head
August/2026
MESSAGE FROM CEO
The positive impact ofAI arrived at TOTVS
3
Land ho!
1/3
of the growth in Management Recurring Revenue came directly from AI enablers.
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2Q26 - ANNUAL RECURRING REVENUE (ARR) 4
TOTVS continues to accelerate: solid client demand and sales record.
28% year over year volume growth, surpassing R$400 million in a single quarter.
ARR GROSS ADDITION (excl. Linx) ARR NET ADDITION (R$ million)
¹includes the pass-through of the Payroll Tax Surcharge
2Q26 - REVENUE AND EBITDA 5
30th consecutive quarter of double-digit organic Recurring Revenue growth, with the last 21 between 15% and 25%. Over this period of more than 7.5 years, we multiplied this revenue by 4.3x, with a CAGR of 22%.
NET REVENUE (R$million) ADJUSTED EBITDA (R$ million)
NET REVENUE/FTE
(excl. Linx)
AI ENABLERS
+11% y/y
in 2Q26
represented
1/3
of Incremental Recurring¹ Revenue in 1H26
EBITDA Margin
25.4%
+190bp y/y -90bp q/q
¹Management portfolio only, excluding Linx
2Q26 - NET INCOME AND CASH GENERATION 6
Beyond growth, delivering real efficiency:
NOPLAT jumps 31% and exceeds EBITDA growth in 2Q26.
NET INCOME (R$ millions)
NOPLAT
EPS
R$317 million R$1.83
Net Margin
+31% y/y +2.5% q/q
+16% y/y +2.5% q/q
OP. CASH GENERATION
/ ADJUSTED EBITDA
104%
+14.4p.p. y/y
+7p.p. q/q
FREE CASH FLOW TO FIRM
R$295 million
+50% y/y
+50% q/q
The expected margin compression is driven mostly by the 6th
debenture issue
2Q26 - TECHFIN 7
Conta+ launch and efficient growth in Cost of Funding:
Net Funding Revenue rose 24% to R$103 million in 2Q26.
REVENUE
Revenue Net of Funding
R$2.8 bn
TPV - Pix
+31% y/y
+3.0% q/q
Credit Production (R$ bn)
61.9 days
Average term
+2.6% y/y
-2.6% q/q
Net Result
-R$3.3 million
vs. +R$1.6 million 2Q25
>90 days Delinquency
2.5%
3.2p.p. below the Brazilian average¹. New cohorts close to historical lows
¹Source: Brazilian Central Bank (https://www.bcb.gov.br/estatisticas/estatisticasmonetariascredito) > tabelas.xls > Tabela 23 > MPMe
2Q26 - FINAL REMARKS 8
In the face of a stock price still shrouded in fog, we are buying back 70 million shares to maximize value creation for shareholders who continue to believe
in TOTVS' future IGV is approximately 40% up
from its recent low, while
TOTVS is up only 20%, despite having financial and operational performance significantly superior to the sector
Thanks
Investor Relations
+55 (11) 99585-7887
ir@totvs.com.br
totvs.com
@totvs/totvs
@totvs
/totvs company/totvs