| Schedule of Reconciliation of the Effective Income Tax Rate |
Reconciliation of the effective tax rate | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three-month periods ended | | Six-month periods ended | | Description | | June 30, 2026 (Unaudited) | | June 30, 2025 (Unaudited) | | June 30, 2026 (Unaudited) | | June 30, 2025 (Unaudited) | | | | | | | | | | | Profit (loss) before income tax and social contribution | | (1,400,670) | | 1,468,007 | | (2,893,801) | | 3,121,643 | | Combined nominal tax rate | | 34 | % | | 34 | % | | 34 | % | | 34 | % | | Taxes calculated at nominal rates | | 476,228 | | (499,122) | | 983,892 | | (1,061,359) | | | | | | | | | | | Adjustments to determine the effective rate | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unrecorded and recorded benefit no tax losses and temporary differences | | (1,838,095) | | 41,434 | | 5,965,235 | | 552,039 | | Mark to market of convertible instruments | | — | | 482,010 | | — | | 549,158 | | Permanent differences | | 920,717 | | (24,334) | | 341,387 | | (39,871) | | Rate differential | | 510,930 | | — | | 223,005 | | — | | Others | | (69,780) | | — | | 8 | | 6 | | | | | | | | | | | | — | | (12) | | 7,513,527 | | (27) | | | | | | | | | | | Current income tax and social contribution | | — | | (12) | | (1,877) | | (27) | | Deferred income tax and social contribution | | — | | — | | 7,515,404 | | — | | | | | | | | | | | | — | | (12) | | 7,513,527 | | (27) | | | | | | | | | | | Effective rate | | — | | — | | (260) | % | | — |
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| Schedule of Deferred Taxes |
Breakdown of deferred income tax and social contribution | | | | | | | | | | | | | Description | December 31, 2025 | Result | June 30, 2026 (Unaudited) | | | | | | Deferred liabilities | | | | | | | | | Breakage | (326,206) | | 19,046 | | (307,160) | | | Foreign currency exchange | (4,425,099) | | (2,148,856) | | (6,573,955) | | | Leases | (3,442,508) | | 94,850 | | (3,347,658) | | | Financial instruments | — | | (1,191) | | (1,191) | | | Others | (1,668) | | 1,668 | | — | | | | | | | Total | (8,195,481) | | (2,034,483) | | (10,229,964) | | | | | | | Deferred tax asset | | | | | | | | | Foreign currency exchange | 3,282,391 | | 1,846,781 | | 5,129,172 | | | Leases | 4,321,762 | | (400,932) | | 3,920,830 | | | Temporary provisions | 939,334 | | (80,741) | | 858,593 | | | Tax loss carryforwards and negative bases | 8,787,950 | | 2,099,438 | | 10,887,388 | | | Others | 402,104 | | (93,048) | | 309,056 | | | | | | | 17,733,541 | | 3,371,498 | | 21,105,039 | | | | | | | | | | | | | | | Total | 9,538,060 | | 1,337,015 | | 10,875,075 | | | | | | | Deferred income tax and social contribution | — | | 7,515,404 | | 7,515,404 | | | | | | | Total | 9,538,060 | | (6,178,389) | | 3,359,671 | |
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| Schedule of Deferred Income Tax and Social Contribution Assets |
| | | | | | | | | | | | | | | | Description | | June 30, 2026 (Unaudited) | | December 31, 2025 | | | | | | | Tax losses and negative bases | | 32,022,296 | | | 25,846,911 | | | | | | | | Description | | June 30, 2026 (Unaudited) | | December 31, 2025 | | | | | | | | | | | Tax loss (25%) | | 8,005,574 | | | 6,461,728 | | Negative social contribution base (9%) | | 2,881,814 | | | 2,326,222 | | | | | | | | | 10,887,388 | | | 8,787,950 | | | | | | | | Deferred tax asset recognized | | (7,515,404) | | | — | | | | | | | | Unrecognized deferred tax asset | | 3,371,984 | | 8,787,950 |
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