Verde AgriTech (NPK) investor relations material

Executive summary

• Q1 2026 revenue declined 41% year-over-year to $1.7 million, with sales volume down 44% to 26,795 tons.

• Net loss narrowed to $(3.7) million from $(3.8) million in Q1 2025; basic loss per share improved to $(0.066) from $(0.072).

• Cost-efficiency measures, including supplier contract reviews and workforce reductions, are expected to generate BRL 9.4 million in annualized savings.

• Cash position improved to $6.4 million, supported by a $4.0 million private placement; short-term receivables at $5.2 million.

• Liquidity and receivables quality were prioritized over higher-risk sales in a credit-constrained market, reducing credit losses.

Financial highlights

• Gross margin decreased to 63% from 73% year-over-year.

• Allowance for expected credit losses dropped to $0.02 million from $0.5 million.

• EBITDA before non-cash events improved modestly to $(1.36) million from $(1.43) million.

• Sales and marketing expenses reduced by 15% year-over-year.

• Net cash used in operating activities narrowed to $(0.5) million from $(0.9) million.

Outlook and guidance

• Cost-saving initiatives are expected to generate BRL 9.4 million in annualized savings over the next 12 months.

• Management continues to prioritize liquidity, receivables quality, and higher-quality counterparties over volume.

• Ongoing rare earths project exploration funded by recent capital raise and current balance sheet; no production guidance or project economics provided yet.