Helbor Empreendimentos S A : Dados Econômico-Financeiros

Helbor Empreendimentos S.A.

(Free translation from the original issued in Portuguese. In the event of discrepancies, the Portuguese language version prevails.)

Interim Financial Information

June 30, 2023

with Independent Auditor's Report

FRM/FT/YB

1248i/2023

Helbor Empreendimentos S.A.
Interim Financial Information
Period ended June 30, 2023.
Contents
Independent Auditor's Review Report on the Interim Financial Information	................... 3
Reviewed on the Interim Financial Information
Interim Financial Information (ITR)	6
Notes to the Interim Financial Information	13

2

Rua Castilho, 392 - 3º Andar

Brooklin - São Paulo - SP

CEP 04568-010

São Paulo - Brasil

T: [phone]

www.bakertillybr.com.br

(Free translation from the original issued in Portuguese. In the event of discrepancies, the Portuguese language version prevails. See Note 32 to the financial statements.)

Independent Auditor's Review Report on the Individual And Consolidated Interim Financial Information

To the

Management and Shareholders of

Helbor Empreendimentos S.A.

São Paulo - SP

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Helbor Empreendimentos S.A. ("Company"), included in the Interim Financial Information Form (ITR) for the quarter ended June 30, 2023, which comprise the balance sheet as at June 30, 2023, and the statement of profit or loss and statement of comprehensive income for the three- and six-month periods then ended, and the statement of changes in equity and statement of cash flows for the six- month period then ended, including a summary of the significant accounting policies, and other explanatory information.

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with Technical Pronouncement CPC 21 (R1) Interim Financial Reporting and the consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) and IAS 34 Interim Financial Reporting, taking into consideration the understanding expressed by the Brazilian Securities and Exchange Commission ("CVM") in Circular Letter/CVM/SNC/SEP 02/2018 on the application of NBC TG 47 (IFRS 15) regarding the aspects relating to the transfer of control for the recognition of revenue in contracts for the purchase and sale of uncompleted real estate units, applicable to real estate development entities in Brazil, as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission applicable to the preparation of Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

3

Scope of Review

We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 "Revisão de Informações Intermediárias Executada pelo Auditor da Entidade" and ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion thereon.

Conclusion on the Individual Interim Financial Information

Based on our review, nothing has come to our attention that causes us to believe that the individual interim financial information included in the ITR referred to above is not prepared, in all material respects, in accordance with Technical Pronouncement CPC 21 (R1) Interim Financial Reporting, taking into consideration the understanding expressed by the CVM) in Circular Letter/CVM/SNC/SEP 02/2018 on the application of NBC TG 47 (IFRS 15) regarding the aspects relating to the transfer of control for the recognition of revenue in contracts for the purchase and sale of uncompleted real estate units, as well as the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission applicable to the preparation of Interim Financial Information (ITR).

Conclusion on the Consolidated Interim Financial Information

Based on our review, nothing has come to our attention that causes us to believe that the individual interim financial information included in the ITR referred to above is not prepared, in all material respects, in accordance with Technical Pronouncement CPC 21 (R1) Interim Financial Reporting and IAS 34 Interim Financial Reporting, taking into consideration the understanding expressed by the CVM in Circular Letter/CVM/SNC/SEP 02/2018 on the application of NBC TG 47 (IFRS 15) regarding the aspects relating to the transfer of control for the recognition of revenue in contracts for the purchase and sale of uncompleted real estate units, as well as the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission applicable to the preparation of Interim Financial Information (ITR).

4

Emphasis of Matter

We draw attention to Note 2,1 to the Interim Financial Information, which states that the individual and consolidated interim financial information have been prepared in accordance with CPC 21 (R1) and IAS 34 (in the case of consolidated information), taking into consideration the understanding expressed by the CVM in Circular Letter/CVM/SNC/SEP 02/2018 on the application of NBC TG 47 (IFRS 15) regarding the aspects relating to the transfer of control for the recognition of revenue in contracts for the purchase and sale of uncompleted real estate units, applicable to real estate entities in Brazil. Our conclusion is not qualified in respect of this matter.

Other Matters

Statement of value added

The interim financial information referred to above include the individual and consolidated statements of value added (DVA) for the six-month period ended June 30, 2023, prepared under the responsibility of the Company's management and presented as supplemental information for purposes of IAS 34, applicable to real estate development entities in Brazil, registered with the Brazilian Securities and Exchange Commission (CVM). This statement was subject to the review procedures performed together with the review of the interim financial information to reach a conclusion on whether it is reconciled with the interim financial information and the accounting records, as applicable, and if its form and content are consistent with the criteria set forth in technical pronouncement CPC 09 Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that the statement of value added was not prepared, in all material respects, in accordance with technical pronouncement CPC 09 and consistently with the individual and consolidated interim financial information taken as a whole.

São Paulo, August 10, 2023.

Baker Tilly 4Partners Auditores Independentes Ltda.

CRC 2SP-031.269/O-1

Fábio Rodrigo Muralo

Accountant CRC 1SP-212.827/O-0

Baker Tilly 4 Partners acting as Baker Tilly is a member of the global network of Baker Tilly International Ltd., whose members are separate and independent legal entities.

5