São Martinho Board Approves Revised Shareholder Payout Policy

• São Martinho’s board unanimously revised shareholder remuneration and external audit policies at its October 26, 2026 meeting.
• Annual dividends and/or interest on equity will total at least 25% of net income or 40% of cash earnings, whichever is higher.
• The 40% minimum may be waived for major capital requirements, leverage above 2 times net debt/adjusted EBITDA, or other specified conditions.
• Audit engagements are capped at five consecutive years; non-audit services that compromise auditor independence are prohibited.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. São Martinho SA published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.