TOTVS S.A. (TTVSY) Q1 2026 Earnings Call May 7, 2026 10:00 AM EDT
Company Participants
Sérgio Serio – Investor Relations Head
Dennis Herszkowicz – CEO & Member of Board of Executive Officers
Gilsomar Sebastião – CFO, VP of Admin & Financial, Investor Relations Director and Member of Board of Executive Officers
Vivian Broge – VP, Chief Human Relations & Marketing Officer and Member of Board of Executive Officers
Conference Call Participants
Felipe Cheng – Santander Investment Securities Inc., Research Division
Livea Mizobata – JPMorgan Chase & Co, Research Division
Maria Infantozzi – Itaú Corretora de Valores S.A., Research Division
Silvio Doria – J. Safra Corretora de Valores e Cambio Ltda, Research Division
Luis Chagas – XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division
Lucca Brendim – BofA Securities, Research Division
Presentation
Sérgio Serio
Investor Relations Head
[Interpreted] Good morning. Welcome to the earnings video conference on first quarter 2026. I’m Sérgio Serio. And here with me, we have our CEO, Maia, CFO, to present our quarter highlights. And by the end, we’ll have a Q&A session.
Before starting, it’s important to remind that forecast on TOTVS performance are based on current assumptions. There are risks and uncertainties, and many factors can change the company’s results that may differ from the expectations presented here.
Now I give the floor for Dennis on the Slide 3 that will start the presentation.
Dennis Herszkowicz
CEO & Member of Board of Executive Officers
Okay. Thank you, Sérgio. Good morning, everyone. Well, TOTVS’s performance on this quarter as in the previous one and during the full year of 2025 reinforce a practical contradiction when we have an imbalance between expectations and reality.
Since February 2, our future has been fitted in the same being of the software market. With [indiscernible] with the ongoing records on new sales, revenue, EBITDA and basically any other financial
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