Debt Profile
At the end of 2Q26, Direciona’s gross debt totaled BRL 3.0 billion, of which 90% consisted of long-term obligations (non-current liabilities). The weighted average debt maturity was 65 months, the longest in the sector.
Considering the balances of (i) Loans and Financing; (ii) Cash and Cash Equivalents and Financial Investments; and (iii) interest rate swap contracts receivable or payable, the Company ended the quarter with Net Debt of BRL 492 million. As a result, the financial leverage ratio (measured as the Net Debt divided by the Shareholders’ Equity) declined by 6 percentage points, reaching 18.0% at the end of the period.
The table below presents a breakdown of debt by type and index, as well as its amortization schedule:
| Indebtedness (BRL Million) | 2Q26 | 1Q26 | Δ% |
|---|---|---|---|
| Loans and Financing | 2,956 | 3,076 | -4.0% |
| CRI | 2.454 | 2.513 | -2% |
| Construction Financing (SFH) | 501 | 563 | -11% |
| FINAME and Leasing | 0.7 | 0.8 | -12% |
| Cash and Cash Equivalentss | 2,454 | 2,421 | 1% |
| Net Debt¹ | 492 | 613 | -23% |
| Net Debt¹/ Equity | 18.0% | 24.0% | -6.0 p.p. |
| Corporate Net Debt² | -9 | -50 | n/a |
| Corporate Net Debt²/ Equity | -0.3% | 2.0% | -2.3 p.p. |
1 – Loans and Financing Operations reduced by Cash and Cash Equivalents and Short-term Investments plus the balance of interest rate swap contracts.
2 – Corporate Net Debt: Net Debt reduced by the outstanding balance of financings contracted under the Housing Finance System (SFH) or financings obtained from the Real Estate Investment Fund of the Severance Pay Guarantee Fund (FI-FGTS). This is the metric used to calculate the Company’s financial covenant.
