CI&T Inc 6-K, filed Aug 11, 2026
CI&T Inc (CINT)
About this 6-K
CI&T Inc filed this 6-K on August 11, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
Form 6-K |
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDERTHE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2026
Commission File Number: 001-41035
CI&T INC
(Translation of registrant’s name into English)
Estrada Guiseppina Vianelli De Napoli, 1455 – C,
Globaltech 13.100-000 - Brazil
Campinas-State of São Paulo
+55 19 21024500
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
CI&T Inc
ITEM
| 1. | 2Q26 Earnings Release |
| 2. | Unaudited condensed consolidated interim financial information for the three-month period ended June 30, 2026 |
CI&T Reports 21.9% Organic Revenue Growth in 2Q26, Driven by Broad-Based Momentum Across Geographies, Industries, and Client Base
New York - August 11, 2026 - CI&T (NYSE: CINT, “Company”), an AI deployment company and a global partner in tech-integrated business solutions, today announces its results for the second quarter of 2026 (2Q26) in accordance with International Financial Reporting Standards (IFRS® Accounting Standards), as issued by the IASB. For comparison purposes, we refer to the results for the second quarter of 2025 (2Q25). The numbers are presented in U.S. dollars.
Second quarter of 2026 (2Q26) highlights
| ● | Revenue of US$142.8 million, an increase of 21.9% compared to US$117.2 million in 2Q25. |
| ● | Revenue growth at constant currency was 14.1% compared to 2Q25. |
| ● | Profit reached US$5.8 million in 2Q26, compared to US$9.7 million in 2Q25. |
| ● | Adjusted EBITDA reached US$19.0 million in 2Q26 compared to US$21.5 million in 2Q25, with an Adjusted EBITDA margin of 13.3% in 2Q26. |
| ● | Adjusted Profit was US$8.7 million in 2Q26 compared to US$12.2 million in 2Q25. Adjusted Profit margin was 6.1% in 2Q26. |
| ● | Diluted earnings per share (EPS) were US$0.05 and Adjusted diluted EPS were US$0.07 in 2Q26. |
| ● | CI&T ended 2Q26 with 8,152 employees, with an average of 6,752 AI-Builders, 11.7% higher year-over-year. |
| ● | Revenue per AI-Builders(1) reached US$80.1 thousand in 2Q26 (LTM basis), an increase of 7.0% compared to US$74.9 thousand in 2Q25. |
Cesar Gon, Founder and CEO of CI&T, commented: "Our results this quarter reflect the strength and consistency of the AI deployment opportunity in front of us. We delivered record revenue, entirely organic and broad-based across geographies, industries, and clients — our seventh consecutive quarter of double-digit organic growth. Given this momentum, we are raising our full-year revenue guidance for 2026. At the same time, our AI monetization strategy continues to advance as planned, with our new commercial models already expanding gross margin. We see 2026 as a pivotal year to invest in capturing this opportunity at scale, positioning CI&T for durable, high-quality growth in 2027 and beyond. What we are building is a company that scales revenue faster than headcount, and grows more profitable as our new commercial models mature."
Comments on the 2Q26 financial performance
Revenue
reached US$142.8 million in 2Q26, up 21.9% from US$117.2 million in 2Q25 — our seventh consecutive quarter of double-digit organic
growth — and 14.1% at constant currency, ahead of our guidance of at least US$140.0 million. Growth was broad-based across our footprint.
Every geography expanded: Latin America led with 32.1% growth, New Markets grew 26.3%, and North America added a steady 10.2% year-over-year
growth.
By industry, Technology and Telecommunications was the fastest-growing vertical at 67.8% year-over-year , followed by Financial Services — our largest vertical — at 36.0%. Life Sciences grew 16.0%, and Retail and Industrial Goods 10.8%. Consumer Goods was the only vertical to decline, down 8.6%. By client cohort, revenue from our top 10 clients grew 19.0%, while revenue from clients outside the top 10 grew 24.1%.
(1) LTM revenue divided by the 12-month average billable headcount (excluding interns)
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The cost of services provided was US$98.4 million in 2Q26, a 23.8% increase from 2Q25, mainly explained by unfavorable foreign exchange
rate, and higher personnel
expenses, associated with the payroll tax resumption in Brazil and additional billable headcount.
Gross profit was US$44.4 million, an 17.8% increase compared to 2Q25. Adjusted gross profit was US$46.2 million in 2Q26, an increase of 15.1% compared to US$40.1 million in 2Q25, reflecting productivity gains that partially offset the foreign exchange headwind. The adjusted gross profit margin was 32.4% in 2Q26, up 1.8 p.p. from 30.6% in 1Q26, reflecting productivity gains and continued adoption of our new commercial models.
Selling, general, and administrative (SG&A) and other operating expenses totaled US$32.3 million in 2Q26, a 45.7% increase compared to 2Q25. This reflects a targeted investment in Sales in 2026, including dedicated teams to scale our Agentic SDLC initiative to capture the current acceleration in demand for AI deployment, and a structural expansion of our commercial organization to foster new offerings, practices, and vertical initiatives. The increase also reflects higher amortization expenses associated with our investments in CI&T Flow, our AI management system, as well as higher sales commission expenses. We view 2026 as a transition period toward broader AI deployment and monetization. These investments are central to this transition, positioning us to sustain growth into 2027 and to capture a greater share of the productivity gains and business value generated by AI deployment.
Adjusted
EBITDA reached US$19.0 million in 2Q26, an 11.8% decrease from US$21.5 million in 2Q25, with an adjusted EBITDA margin of 13.3%. The year-over-year
decline was primarily driven by the appreciation of the Brazilian Real against the U.S. dollar, combined with the targeted 2026 investments
and structural expansion of our commercial organization described above, as we advance through this transition period toward broader AI
deployment and monetization.
Net finance costs totaled US$3.1 million in 2Q26, compared to US$1.0 million in 2Q25, primarily driven by unfavorable foreign exchange variation and by lower gains on derivative instruments in the comparable period. Income tax expense was US$3.3 million in 2Q26, a 31.2% decrease from 2Q25, primarily driven by lower profit before income tax. The effective tax rate was 36% in 2Q26. Income taxes paid in the quarter were US$2.3 million, equivalent to a cash tax rate of 25%.
Profit was US$5.8 million in 2Q26. Adjusted profit was US$8.7 million, a decrease of 29.2% compared to 2Q25, with an adjusted profit margin of 6.1%. In 2Q26, diluted EPS was US$0.05, a 38.8% decrease from 2Q25. Adjusted diluted EPS were US$0.07, down 26.6% compared to the same period in the prior year.
Cash generated from operating activities was US$17.8 million in 6M26.
Business Outlook
We expect our revenue for the third quarter of 2026 to be at least US$145.7 million, representing a 14.4% increase from US$127.3 million in 3Q25. This reflects 12.3% year-over-year growth at constant currency.
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For the full year of 2026, we are increasing our revenue guidance. Now, we expect our revenue to be in the range of US$565.5 million to US$577.8 million, implying 15.5% to 18.0% organic revenue growth year-over-year. In addition, we estimate our Adjusted EBITDA margin to be in the range of 15.0% to 17.0%.
These estimates assume an average FX rate of 5.17 BRL/USD in 3Q26 and 2026.
These expectations are forward-looking statements, and actual results may differ materially. See "Cautionary Statement on Forward-Looking Statements" below.
Conference
Call Information
Cesar Gon (Founder and CEO), Bruno Guicardi (Founder and President for North America and Europe), Stanley Rodrigues (CFO), and Eduardo
Galvão (Director of Investor Relations) will host a video conference call to discuss the 2Q26 financial and operating results on
August 11, at 4:30 PM Eastern Time / 5:30 PM BRT. The earnings call can be accessed on the Company’s
Investor Relations website at https://investors.ciandt.com or
at the following link: https://youtube.com/live/zD7UWCeZCag?feature=share.
About CI&T (NYSE: CINT)
Through AI deployment, CI&T helps large enterprises move from AI ambition to measurable business impact, combining business strategy, AI-native execution, and IP-based solutions as the global tech-integrated business solutions partner. With a 30-year track record of helping clients navigate change, the company delivers accelerated outcomes through deep expertise across agentic SDLC, application modernization, data & AI, martech, professional services and business strategy & building. CI&T's proprietary AI system, CI&T FLOW, and its methodology, Lean AI, boost team productivity and ensure fast, efficient, and scalable results. With more than 8,000 AI Builders, CI&T operates across 12 countries and serves 100+ large enterprises and fast-growth clients worldwide.
Non-IFRS Financial Measures
We regularly monitor certain financial and operating metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections, and make strategic decisions. These non-IFRS financial measures include Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Profit, Adjusted Profit Margin, Revenue at Constant Currency, and Adjusted Diluted EPS. They should be considered in addition to results prepared in accordance with IFRS Accounting Standards, but not as substitutes for results under IFRS Accounting Standards. In addition, our calculation of these non-IFRS financial measures may differ from those used by other companies, and therefore, comparability may be limited. These non-IFRS financial measures are provided as additional information to enhance investors’ understanding of our operations’ historical and current financial performance.
CI&T is not providing a quantitative reconciliation of its forward-looking non-IFRS Revenue at Constant Currency and Adjusted EBITDA Margin to the most directly comparable IFRS measure because it cannot reasonably predict the outcome of certain significant items without unreasonable efforts. These items include, but are not limited to, share-based compensation expenses, the tax effect of non-IFRS measures, foreign currency exchange gains/losses,
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and other items. These items are uncertain, depend on various factors, and could have a material impact on our IFRS-reported results for the guidance period.
We calculate Revenue at Constant Currency by translating Revenue from entities reporting in foreign currencies into U.S. dollars using the foreign currency exchange rates from the prior period to show changes in our revenue without giving effect to period-to-period currency fluctuations.
In calculating Adjusted Gross Profit, Adjusted EBITDA, Adjusted Profit and Adjusted Diluted EPS we exclude cost components unrelated to the direct management of our services. For the periods presented, the adjustments applied to Adjusted Gross profit were: (i) depreciation and amortization related to the cost of services provided; and (ii) share-based compensation expenses.
We calculate Adjusted EBITDA for the periods presented as Profit, plus net finance costs, income tax expense, depreciation and amortization, and share-based compensation expenses.
For the periods presented, the adjustments on Adjusted Profit and Adjusted Diluted EPS were: (i) share-based compensation expenses; (ii) acquisition-related expenses: amortization of intangible assets from acquired companies; and (iii) the tax effects of non-IFRS adjustments.
Cautionary Statement on Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact that may be deemed forward-looking statements include, but are not limited to: the statements under Business Outlook, including expectations relating to revenues and other financial or business metrics; statements regarding relationships with clients; and any other statements of expectations or beliefs. The words “believe”, “will”, “may”, “may have”, “would”, “estimate”, “continues”, “anticipates”, “intends”, “plans”, “expects”, “budget”, “scheduled”, “forecasts” and similar words are intended to identify estimates and forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements represent our management's beliefs and assumptions only as of the date of this press release. You should read this press release with the understanding that our actual future results may be materially different from our expectations. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such statements in this press release, including risk related to global economic conditions, clients' demand, and our ability to execute our growth strategy and strategic plans. Additional information about these and other risks and uncertainties is contained in the Risk Factors section of CI&T's annual report on Form 20-F. Additional information will be made available in our Annual Reports on Form 20-F, and other filings and reports that we may file from time to time with the SEC. Except as required by law, we assume no obligation to and do not intend to update these forward-looking statements or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contacts:
Investor Relations Contact:
Eduardo Galvão
investors@ciandt.com
Media Relations Contact:
Zella Panossian
ciandt@illumepr.com
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Unaudited condensed consolidated statement of profit or loss
(In thousands of U.S. dollars)
| Quarter ended June 30, | Six months ended June 30, | ||||||
| 2026 | 2025 | 2026 | 2025 | ||||
| Revenue | 142,820 | 117,185 | 279,428 | 228,061 | |||
| Costs of services provided | (98,422) | (79,498) | (195,270) | (155,908) | |||
| Gross profit | 44,398 | 37,687 | 84,158 | 72,153 | |||
| Selling expenses | (16,989) | (9,444) | (28,354) | (17,848) | |||
| General and administrative expenses | (16,195) | (13,177) | (32,102) | (25,601) | |||
| Impairment reversal (loss) on accounts receivable and contract assets | 45 | (92) | 1,271 | 239 | |||
| Other income, net | 803 | 526 | 1,278 | 768 | |||
| Operating expenses, net | (32,336) | (22,187) | (57,907) | (42,442) | |||
| Operating profit before net finance costs and income tax expense | 12,062 | 15,500 | 26,251 | 29,711 | |||
| Finance income | 5,878 | 4,730 | 11,403 | 9,542 | |||
| Finance costs | (8,928) | (5,746) | (16,445) | (12,302) | |||
| Net finance costs | (3,050) | (1,016) | (5,042) | (2,760) | |||
| Profit before income tax | 9,012 | 14,484 | 21,209 | 26,951 | |||
| Current | (1,059) | (1,521) | (1,411) | (2,832) | |||
| Deferred | (2,203) | (3,221) | (6,485) | (6,930) | |||
| Total income tax expense | (3,262) | (4,742) | (7,896) | (9,762) | |||
| Profit for the period | 5,750 | 9,742 | 13,313 | 17,189 | |||
| Earnings per share | |||||||
| Earnings per share – basic (in US$) | 0.05 | 0.07 | 0.10 | 0.13 | |||
| Earnings per share – diluted (in US$) | 0.05 | 0.07 | 0.10 | 0.13 | |||
| In thousand: | |||||||
| Weighted average number of basic shares | 126,901 | 130,855 | 129,232.04 | 134,377.61 | |||
| Weighted average number of diluted shares | 127,717 | 132,479 | 130,047.29 | 136,001.38 | |||
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Unaudited condensed consolidated statement of financial position
(In thousands of U.S. dollars)
| Assets | June 30, 2026 | December 31, 2025 | Liabilities and equity | June 30, 2026 | December 31, 2025 | |||
| Cash and cash equivalents | 53,431 | 47,864 | Trade and other payables | 6,005 | 5,192 | |||
| Accounts receivable | 88,089 | 97,288 | Loans and borrowings | 91,355 | 66,443 | |||
| Contract assets | 62,109 | 34,260 | Lease liabilities | 3,203 | 3,435 | |||
| Recoverable taxes | 5,555 | 2,103 | Salaries and welfare charges | 55,066 | 58,670 | |||
| Current income tax assets | 9,577 | 8,068 | Accounts payable for business acquired | 1,553 | 1,328 | |||
| Derivatives | 65 | 190 | Derivatives | 91 | 512 | |||
| Other assets | 5,882 | 6,358 | Current income tax liabilities | 169 | 760 | |||
| Total current assets | 224,708 | 196,131 | Other taxes payable | 4,266 | 3,266 | |||
| Contract liability | 5,589 | 4,021 | ||||||
| Other liabilities | 3,607 | 3,291 | ||||||
| Recoverable taxes | 823 | 895 | Total current liabilities | 170,904 | 146,918 | |||
| Current income tax assets | 4,519 | 3,959 | ||||||
| Deferred tax assets | 776 | 1,648 | ||||||
| Judicial deposits | 1,956 | 1,813 | Loans and borrowings | 44,487 | 56,185 | |||
| Restricted cash | 626 | 589 | Deferred tax liabilities | 33,487 | 26,427 | |||
| Other assets | 1,034 | 1,183 | Lease liabilities | 4,194 | 4,868 | |||
| Property and equipment | 7,805 | 7,354 | Provisions for tax and labor risks | 816 | 680 | |||
| Intangible assets and goodwill | 336,270 | 329,348 | Accounts payable for business acquired | 4,299 | 3,905 | |||
| Right-of-use assets | 6,848 | 7,578 | Other liabilities | 2,430 | 2,578 | |||
| Total non-current assets | 360,657 | 354,367 | Total non-current liabilities | 89,713 | 94,643 | |||
| Equity | ||||||||
| Share capital | 7 | 7 | ||||||
| Share premium | 182,992 | 183,395 | ||||||
| Treasury share reserve | (32,030) | (30,016) | ||||||
| Capital reserves | 21,515 | 23,180 | ||||||
| Retained earnings | 151,841 | 138,528 | ||||||
| Other comprehensive income (loss) | 423 | (6,157) | ||||||
| Total equity | 324,748 | 308,937 | ||||||
| Total assets | 585,365 | 550,498 | Total equity and liabilities | 585,365 | 550,498 |
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Unaudited condensed consolidated statement of cash flows
(In thousands of U.S. dollars)
| June 30, 2026 | June 30, 2025 | ||
| Cash flows from operating activities | |||
| Profit for the period | 13,313 | 17,189 | |
| Adjustments for: | |||
| Depreciation and amortization | 11,149 | 9,002 | |
| Loss on sale and write-off of non-financial assets | 14 | 36 | |
| Interest and exchange rate changes | 4,646 | 4,570 | |
| Unrealized gain on financial instruments | (336) | (1,386) | |
| Income tax expenses | 7,896 | 9,762 | |
| Impairment reversal on accounts receivable and contract assets | (1,271) | (239) | |
| Share-based compensation | 2,376 | 2,384 | |
| Other | 95 | 20 | |
| Changes in operating assets and liabilities | |||
| Accounts receivable and contract assets | (13,166) | 869 | |
| Recoverable taxes | (3,398) | 1,280 | |
| Trade and other payables | 360 | (364) | |
| Salaries and welfare charges | (7,875) | (4,454) | |
| Contract liabilities | 1,507 | (5,781) | |
| Other receivables and payables, net | 2,513 | 757 | |
| Cash generated from operating activities | 17,823 | 33,645 | |
| Income tax paid | (2,996) | (6,704) | |
| Interest paid on loans and borrowings | (3,912) | (5,449) | |
| Interest paid on lease | (438) | (353) | |
| Income tax refund | 174 | 127 | |
| Net cash from operating activities | 10,651 | 21,266 | |
| Cash flows from investing activities | |||
| Acquisition of property and equipment and intangible assets | (8,504) | (6,376) | |
| Cash used in investing activities | (8,504) | (6,376) | |
| Cash flows from financing activities | |||
| Exercised share-based compensation | 515 | 882 | |
| Payment of lease liabilities | (2,025) | (2,304) | |
| Proceeds (outflows) from settlement of derivatives | 25 | (41) | |
| Proceeds from loans and borrowings | 24,611 | 24,722 | |
| Payment of loans and borrowings | (14,909) | (21,177) | |
| Payment of installment related to accounts payable for business acquired | (71) | (758) | |
| Repurchase of treasury shares | (6,171) | (17,592) |
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| Net cash from (used in) financing activities | 1,975 | (16,268) | |
| Net increase (decrease) in cash and cash equivalents | 4,122 | (1,378) | |
| Cash and cash equivalents as of January 1 | 47,864 | 56,621 | |
| Exchange variation effect on cash and cash equivalents | 1,445 | 3,400 | |
| Cash and cash equivalents as of June 30 | 53,431 | 58,643 |
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Revenue Distribution
(In thousands of U.S. dollars)
|
Revenue by Industry (in USD thousand) |
2Q26 | 2Q25 |
Var. 2Q26 x 2Q25 |
6M26 | 6M25 |
Var. 6M26 x 6M25 | |
| Financial Services | 56,831 | 41,782 | 36.0% | 108,016 | 79,029 | 36.7% | |
| Retail and Industrial Goods | 26,791 | 24,169 | 10.8% | 54,736 | 48,390 | 13.1% | |
| Consumer Goods | 22,805 | 24,954 | -8.6% | 45,646 | 47,823 | -4.6% | |
| Technology and Telecommunications | 17,137 | 10,212 | 67.8% | 33,223 | 21,600 | 53.8% | |
| Life Sciences | 10,973 | 9,461 | 16.0% | 21,444 | 18,519 | 15.8% | |
| Other | 8,283 | 6,607 | 25.4% | 16,363 | 12,700 | 28.8% | |
| Total | 142,820 | 117,185 | 21.9% | 279,428 | 228,061 | 22.5% |
|
Revenue by Geography (in USD thousand) |
2Q26 | 2Q25 |
Var. 2Q26 x 2Q25 |
6M26 | 6M25 |
Var. 6M26 x 6M25 | |
| Latin America | 72,017 | 54,519 | 32.1% | 138,118 | 104,205 | 32.5% | |
| North America | 57,047 | 51,775 | 10.2% | 114,094 | 100,834 | 13.2% | |
| New Markets | 13,756 | 10,891 | 26.3% | 27,216 | 23,022 | 18.2% | |
| Total | 142,820 | 117,185 | 21.9% | 279,428 | 228,061 | 22.5% |
|
Top Clients (in USD thousand) |
2Q26 | 2Q25 |
Var. 2Q26 x 2Q25 |
6M26 | 6M25 |
Var. 6M26 x 6M25 | |
| Top Client | 16,730 | 13,162 | 27.1% | 31,429 | 24,920 | 26.1% | |
| Top 10 Clients | 60,456 | 50,803 | 19.0% | 115,837 | 97,156 | 19.2% |
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Reconciliation of various income statement amounts from IFRS to non-IFRS measures
| Revenue Growth at Constant Currency | 2Q26 | 2Q25 |
| Reported Revenue Growth | 21.9% | 8.0% |
| Foreign Exchange Rates Impact | -7.8% | 4.3% |
| Revenue Growth at Constant Currency | 14.1% | 12.3% |
|
Adjusted Gross Profit (in USD thousand) |
2Q26 | 2Q25 |
Var. 2Q26 x 2Q25 |
6M26 | 6M25 |
Var. 6M26 x 6M25 | |
| Revenue | 142,820 | 117,185 | 21.9% | 279,428 | 228,061 | 22.5% | |
| Cost of Services Provided | (98,422) | (79,498) | 23.8% | (195,270) | (155,908) | 25.2% | |
| Gross Profit | 44,398 | 37,687 | 17.8% | 84,158 | 72,153 | 16.6% | |
| Adjustments | |||||||
| Depreciation and amortization (cost of services provided) | 1,363 | 1,513 | -9.9% | 2,909 | 3,013 | -3.5% | |
| Share-based compensation | 443 | 929 | -52.3% | 947 | 1,688 | -43.9% | |
| Adjusted Gross Profit | 46,204 | 40,129 | 15.1% | 88,013 | 76,854 | 14.5% | |
| Adjusted Gross Profit Margin | 32.4% | 34.2% | -1.9p.p | 31.5% | 33.7% | -2.2p.p |
|
Adjusted EBITDA (in USD thousand) |
2Q26 | 2Q25 |
Var. 2Q26 x 2Q25 |
6M26 | 6M25 |
Var. 6M26 x 6M25 | |
| Profit for the period | 5,750 | 9,742 | -41.0% | 13,313 | 17,189 | -22.5% | |
| Adjustments | |||||||
| Net finance cost | 3,050 | 1,016 | 200.2% | 5,042 | 2,760 | 82.7% | |
| Income tax expense | 3,262 | 4,742 | -31.2% | 7,896 | 9,762 | -19.1% | |
| Depreciation and amortization | 5,591 | 4,605 | 21.4% | 11,149 | 9,002 | 23.9% | |
| Share-based compensation | 1,329 | 1,423 | -6.6% | 2,376 | 2,384 | -0.4% | |
| Adjusted EBITDA | 18,982 | 21,527 | -11.8% | 39,775 | 41,097 | -3.2% | |
| Adjusted EBITDA Margin | 13.3% | 18.4% | -5.1p.p | 14.2% | 18.0% | -3.8p.p |
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|
Adjusted Profit (in USD thousand) |
2Q26 | 2Q25 |
Var. 2Q26 x 2Q25 |
6M26 | 6M25 |
Var. 6M26 x 6M25 | |
| Profit for the period | 5,750 | 9,742 | -41.0% | 13,313 | 17,189 | -22.5% | |
| Adjustments | |||||||
| Acquisition-related expenses (1) | 2,135 | 2,038 | 4.8% | 4,237 | 4,044 | 4.8% | |
| Share-based compensation | 1,329 | 1,423 | -6.6% | 2,376 | 2,384 | -0.3% | |
| Tax effects on non-IFRS adjustments | (553) | (968) | -42.9% | (1,056) | (1,772) | -40.4% | |
| Adjusted Profit | 8,661 | 12,235 | -29.2% | 18,870 | 21,845 | -13.6% | |
| Adjusted Profit Margin | 6.1% | 10.4% | -4.4p.p | 6.8% | 9.6% | -2.8p.p |
|
Adjusted Diluted EPS (in USD) |
2Q26 | 2Q25 |
Var. 2Q26 x 2Q25 |
6M26 | 6M25 |
Var. 6M26 x 6M25 | |
| Diluted EPS | 0.05 | 0.07 | -38.8% | 0.10 | 0.13 | -19.0% | |
| Adjustments | |||||||
| Acquisition-related expenses (1) | 0.02 | 0.02 | 8.7% | 0.03 | 0.03 | 9.6% | |
| Share-based compensation | 0.01 | 0.01 | -3.1% | 0.02 | 0.02 | 4.2% | |
| Tax effects on non-IFRS adjustments (2) | 0.00 | -0.01 | -40.7% | -0.01 | -0.01 | -37.7% | |
| Adjusted Diluted EPS | 0.07 | 0.09 | -26.6% | 0.15 | 0.16 | -9.7% |
Notes:
| (1) | Adjusted Profit and Adjusted
Diluted EPS include amortization of intangible assets from acquired companies totaling (US$2,135) thousand in 2Q26 and (US$2,038) thousand
in 2Q25. |
| (2) | The calculation of the tax effect on non-IFRS Accounting Standards adjustments considers the nature of the expense, whether it is deductible or not, as well as whether it is a temporary or permanent difference. We also evaluate the tax scenario of each entity, taking into account whether deferred income tax assets would be realizable. Then, we apply the corresponding tax rate for the entity. |
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CI&T Inc
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Unaudited condensed consolidated interim financial statements June 30, 2026
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Content
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CI&T Inc. Unaudited condensed consolidated statement of financial position as of June 30, 2026 and December 31, 2025 (In thousands of United States dollars – US$) |
| Assets | Note | June 30, 2026 | December 31, 2025 | Liabilities and equity | Note | June 30, 2026 | December 31, 2025 |
| Cash and cash equivalents | 5 | 53,431 | 47,864 | Trade and other payables | 6,005 | 5,192 | |
| Accounts receivable | 6.1 | 88,089 | 97,288 | Loans and borrowings | 8 | 91,355 | 66,443 |
| Contract assets | 6.2 | 62,109 | 34,260 | Lease liabilities | 3,203 | 3,435 | |
| Recoverable taxes | 5,555 | 2,103 | Salaries and welfare charges | 9 | 55,066 | 58,670 | |
| Current income tax assets | 9,577 | 8,068 | Accounts payable for business acquired | 1,553 | 1,328 | ||
| Derivatives | 10 | 65 | 190 | Derivatives | 10 | 91 | 512 |
| Other assets | 5,882 | 6,358 | Current income tax liabilities | 169 | 760 | ||
| Other taxes payable | 4,266 | 3,266 | |||||
| Contract liability | 5,589 | 4,021 | |||||
| Other liabilities | 3,607 | 3,291 | |||||
| Total current assets | 224,708 | 196,131 | Total current liabilities | 170,904 | 146,918 | ||
| Recoverable taxes | 823 | 895 | Loans and borrowings | 8 | 44,487 | 56,185 | |
| Current income tax assets | 4,519 | 3,959 | Deferred tax liabilities | 15.2 | 33,487 | 26,427 | |
| Deferred tax assets | 15.2 | 776 | 1,648 | Lease liabilities | 4,194 | 4,868 | |
| Judicial deposits | 1,956 | 1,813 | Provisions for tax and labor risks | 816 | 680 | ||
| Restricted cash | 626 | 589 | Accounts payable for business acquired | 4,299 | 3,905 | ||
| Other assets | 1,034 | 1,183 | Other liabilities | 2,430 | 2,578 | ||
| Property and equipment | 7,805 | 7,354 | |||||
| Intangible assets and goodwill | 7 | 336,270 | 329,348 | ||||
| Right-of-use assets | 6,848 | 7,578 | |||||
| Total non-current assets | 360,657 | 354,367 | Total non-current liabilities | 89,713 | 94,643 | ||
| Equity | 11 | ||||||
| Share capital | 7 | 7 | |||||
| Share premium | 182,992 | 183,395 | |||||
| Treasury share reserve | (32,030) | (30,016) | |||||
| Capital reserves | 21,515 | 23,180 | |||||
| Retained earnings | 151,841 | 138,528 | |||||
| Other comprehensive income (loss) | 423 | (6,157) | |||||
| Total equity | 324,748 | 308,937 | |||||
| Total assets | 585,365 | 550,498 | Total equity and liabilities | 585,365 | 550,498 | ||
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
| 3 |
| Note | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Revenue | 12 | 142,820 | 117,185 | 279,428 | 228,061 |
| Costs of services provided | 13 | (98,422) | (79,498) | (195,270) | (155,908) |
| Gross profit | 44,398 | 37,687 | 84,158 | 72,153 | |
| Selling expenses | 13 | (16,989) | (9,444) | (28,354) | (17,848) |
| General and administrative expenses | 13 | (16,195) | (13,177) | (32,102) | (25,601) |
| Impairment reversal (loss) on accounts receivable and contract assets | 13 | 45 | (92) | 1,271 | 239 |
| Other income, net | 13 | 803 | 526 | 1,278 | 768 |
| Operating expenses, net | (32,336) | (22,187) | (57,907) | (42,442) | |
| Operating profit before net finance costs and income tax expense | 12,062 | 15,500 | 26,251 | 29,711 | |
| Finance income | 14 | 5,878 | 4,730 | 11,403 | 9,542 |
| Finance costs | 14 | (8,928) | (5,746) | (16,445) | (12,302) |
| Net finance costs | (3,050) | (1,016) | (5,042) | (2,760) | |
| Profit before income tax | 9,012 | 14,484 | 21,209 | 26,951 | |
Income tax expense |
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| Current | 15 | (1,059) | (1,521) | (1,411) | (2,832) |
| Deferred | 15 | (2,203) | (3,221) | (6,485) | (6,930) |
| Total income tax expense | (3,262) | (4,742) | (7,896) | (9,762) | |
| Profit for the period | 5,750 | 9,742 | 13,313 | 17,189 | |
| Profit attributable to: | |||||
| Equity holders of the Parent Company | 5,750 | 9,742 | 13,313 | 17,189 | |
| Earnings per share | |||||
| Earnings per share – basic (in US$) | 0.05 | 0.07 | 0.10 | 0.13 | |
| Earnings per share – diluted (in US$) | 0.05 | 0.07 | 0.10 | 0.13 |
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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CI&T Inc. Unaudited condensed consolidated statement of other comprehensive income For the three and six months ended June 30, 2026 and 2025 (In thousands of United States dollars – US$) |
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Profit for the period | 5,750 | 9,742 | 13,313 | 17,189 |
| Other comprehensive income: | ||||
| Items that are or may be reclassified subsequently to the statement of profit or loss | ||||
| Cash flow hedges – effective portion of changes in fair value – net of tax | - | 551 | - | 1,847 |
| Cash flow hedges – reclassified to profit or loss – net of tax | 59 | 439 | 59 | 439 |
| Foreign operations - foreign currency translation differences | 1,743 | 9,110 | 6,521 | 17,746 |
| Total other comprehensive income | 1,802 | 10,100 | 6,580 | 20,032 |
| Total comprehensive income for the period | 7,552 | 19,842 | 19,893 | 37,221 |
| Total comprehensive income attributed to | ||||
| Equity holders of the Parent Company | 7,552 | 19,842 | 19,893 | 37,221 |
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
| 5 |
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CI&T Inc. Unaudited condensed consolidated statement of changes in equity For the six months ended on June 30, 2026 and 2025 (In thousands of United States dollars – US$) |
| Note | Share capital | Share premium | Treasury share reserve | Capital reserve | Retained earnings reserve | Other comprehensive income (loss) | Total equity | |
| Balances as of December 31, 2025 | 7 | 183,395 | (30,016) | 23,180 | 138,528 | (6,157) | 308,937 | |
| Comprehensive income for the period | ||||||||
| Profit for the period | - | - | - | - | 13,313 | - | 13,313 | |
| Foreign operations - foreign currency translation differences | - | - | - | - | - | 6,521 | 6,521 | |
| Cash flow hedges – net of taxes | - | - | - | - | - | 59 | 59 | |
| Total comprehensive income for the period | - | - | - | - | 13,313 | 6,580 | 19,893 | |
| Transactions with the owner of the Group | ||||||||
| Contributions, distribution and constitution of reserves | ||||||||
| Treasury shares acquired | 11.2 | - | - | (6,171) | - | - | - | (6,171) |
| Equity settled share-based payment | - | - | - | 2,149 | - | - | 2,149 | |
| Restricted stock units settled | - | (167) | 2,843 | (3,251) | - | - | (575) | |
| Share options exercised | - | (574) | 1,071 | - | - | - | 497 | |
| Incentive stock options exercised | - | (11) | 29 | - | - | - | 18 | |
| Restricted options matching exercised | - | 5 | (5) | - | - | - | - | |
| Treasury shares reissued | - | 344 | 219 | (563) | - | - | - | |
| Total contributions and distribution and constitution of reserves | - | (403) | (2,014) | (1,665) | - | - | (4,082) | |
| Balances as of June 30, 2026 | 7 | 182,992 | (32,030) | 21,515 | 151,841 | 423 | 324,748 |
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CI&T Inc. Unaudited condensed consolidated statement of changes in equity For the six months ended on June 30, 2026 and 2025 (In thousands of United States dollars – US$) |
| Note | Share capital | Share premium | Treasury share reserve | Capital reserve | Retained earnings reserve | Other comprehensive income (loss) | Total equity | |
| Balances as of January 1, 2025 | 7 | 186,333 | (6,457) | 26,659 | 97,908 | (24,326) | 280,124 | |
| Comprehensive income for the period | ||||||||
| Profit for the period | - | - | - | - | 17,189 | - | 17,189 | |
| Foreign operations - foreign currency translation differences | - | - | - | - | - | 17,746 | 17,746 | |
| Cash flow hedges – net of taxes | - | - | - | - | - | 2,286 | 2,286 | |
| Total comprehensive income for the period | - | - | - | - | 17,189 | 20,032 | 37,221 | |
| Transactions with the owner of the Group | ||||||||
| Contributions, distribution and constitution of reserves | ||||||||
| Treasury shares acquired | - | - | (17,592) | - | - | - | (17,592) | |
| Reissue of ordinary shares | - | (641) | 641 | - | - | - | - | |
| Equity settled share-based payment | - | (6) | - | 2,008 | - | - | 2,002 | |
| Restricted stock units settled | - | (291) | 1,167 | (1,302) | - | - | (426) | |
| Share options exercised | - | (1,113) | 1,871 | - | - | - | 758 | |
| Incentive stock options exercised | - | (99) | 223 | - | - | - | 124 | |
| Total contributions and distribution and constitution of reserves | - | (2,150) | (13,690) | 706 | - | - | (15,134) | |
| Balances as of June 30, 2025 | 7 | 184,183 | (20,147) | 27,365 | 115,097 | (4,294) | 302,211 |
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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CI&T Inc. Unaudited condensed consolidated statement of cash flows For the six months ended on June 30, 2026 and 2025 (In thousands of United States dollars – US$) |
| Notes | June 30, 2026 | June 30, 2025 | |
| Cash flows from operating activities | |||
| Profit for the period | 13,313 | 17,189 | |
| Adjustments for: | |||
| Depreciation and amortization | 13 | 11,149 | 9,002 |
| Loss on sale and write-off of non-financial assets | 14 | 36 | |
| Interest and exchange rate changes | 4,646 | 4,570 | |
| Unrealized gain on financial instruments | 10 | (336) | (1,386) |
| Income tax expenses | 15 | 7,896 | 9,762 |
| Impairment reversal on accounts receivable and contract assets | 6 | (1,271) | (239) |
| Share-based compensation | 13 | 2,376 | 2,384 |
| Other | 95 | 20 | |
| Changes in operating assets and liabilities | |||
| Accounts receivable and contract assets | (13,166) | 869 | |
| Recoverable taxes | (3,398) | 1,280 | |
| Trade and other payables | 360 | (364) | |
| Salaries and welfare charges | (7,875) | (4,454) | |
| Contract liabilities | 1,507 | (5,781) | |
| Other receivables and payables, net | 2,513 | 757 | |
| Cash generated from operating activities | 17,823 | 33,645 | |
| Income tax paid | (2,996) | (6,704) | |
| Interest paid on loans and borrowings | 8 | (3,912) | (5,449) |
| Interest paid on lease | (438) | (353) | |
| Income tax refund | 174 | 127 | |
| Net cash from operating activities | 10,651 | 21,266 | |
| Cash flows from investing activities | |||
| Acquisition of property and equipment and intangible assets | (8,504) | (6,376) | |
| Cash used in investing activities | (8,504) | (6,376) | |
| Cash flows from financing activities | |||
| Exercised share-based compensation | 515 | 882 | |
| Payment of lease liabilities | (2,025) | (2,304) | |
| Proceeds (outflows) from settlement of derivatives | 10 | 25 | (41) |
| Proceeds from loans and borrowings | 8 | 24,611 | 24,722 |
| Payment of loans and borrowings | 8 | (14,909) | (21,177) |
| Payment of installment related to accounts payable for business acquired | (71) | (758) | |
| Repurchase of treasury shares | 11.2 | (6,171) | (17,592) |
| Net cash from (used in) financing activities | 1,975 | (16,268) | |
| Net increase (decrease) in cash and cash equivalents | 4,122 | (1,378) | |
| Cash and cash equivalents as of January 1 | 47,864 | 56,621 | |
| Exchange variation effect on cash and cash equivalents | 1,445 | 3,400 | |
| Cash and cash equivalents as of June 30 | 53,431 | 58,643 |
The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.
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| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 1. | Reporting entity |
CI&T Inc. (“CI&T” or “Parent Company”) is a publicly held company incorporated in the Cayman Islands in June 2021, headquartered at Estrada Giuseppina Vianelli Di Napoli, 1455, Polo II de Alta Tecnologia, in the City of Campinas, State of São Paulo, Brazil. The Parent Company’s subsidiaries are mainly engaged in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, data analytics, cloud migration and mobility technologies.
These unaudited condensed consolidated interim financial statements comprise the Parent Company and its subsidiaries (collectively referred to as the “Group”).
Since November 10, 2021 CI&T has been a publicly-held company registered with the US Securities and Exchange Commission (the “SEC”) and its shares are traded on the New York Stock Exchange (“NYSE”) under the ticker symbol “CINT”.
| 1.1 | Organizational structure |
The Parent Company did not have any changes to its direct and indirect subsidiaries compared to those presented in the consolidated financial statements for the year ended December 31, 2025, except for: (i) CI&T Mexico, which started operations during the first quarter of 2026; (ii) CI&T Australia was dissolved on March 16, 2026; and (iii) CI&T Financial, CI&T Fintech, CI&T Colombia and CI&T Argentina, which are inactive as of June 30, 2026, and are in the process of closing their activities during the second semester of 2026.
| 2. | Basis of accounting |
These unaudited condensed consolidated interim financial statements as of June 30, 2026, and for the three and six months ended June 30, 2026 have been prepared in accordance with IAS 34 Interim Financial Reporting and should be read in conjunction with the Group's last annual consolidated financial statements as at and for the year ended December 31, 2025 ('last annual financial statements'). They do not include all the information required for a complete set of financial statements prepared in accordance with IFRSâ Accounting Standards as issued by the International Accounting Standards Board “IASB” (IFRS Accounting Standards). However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group's financial position and performance since the last annual financial statements.
These unaudited condensed consolidated interim financial statements were authorized for issue by the Parent Company's Board of Directors on August 10, 2026.
| 2.1 | Seasonality of operations |
The business activities carried on by the Group entities, and their transactions are not highly cyclical or seasonal in nature.
| 2.2 | Accounting standards issued but not yet effective |
The accounting policies adopted in the preparation of the unaudited condensed consolidated interim financial statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended December 31, 2025, except for the adoption of new amendments effective as of January 1st, 2026, as disclosed in explanatory note 3.25 to the consolidated financial statements for December 31, 2025, which did not have a material impact on the Group's unaudited condensed consolidated interim financial statements. The Group has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective.
| 9 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 3. | Functional and presentation currency |
The unaudited condensed consolidated interim financial statements of the Parent Company, along with those of its subsidiaries, are measured using the currency of the primary economic environment in which each entity operates, referred to as the "functional currency." For the Parent Company, this functional currency is the Brazilian Reais (R$). For presentation purposes, these unaudited condensed consolidated interim financial statements are expressed in United States dollars (US$).
| 4. | Use of judgments and estimates |
In preparing these unaudited condensed consolidated interim financial statements, management has made judgments and estimates about the future that affect the application of the Group's accounting policies and the reported amounts of assets and liabilities, income and expense. Actual results may differ from these estimates.
The significant judgments made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those described in the last annual financial statements.
| 4.1 | Fair value Measurement |
There were no changes in the Group’s valuation processes, valuation techniques, and types of inputs used in the fair value measurements during the period. When available, observable market data is used, and third-party valuations are assessed to ensure compliance with accounting standards and appropriate classification within the fair value hierarchy. Fair values are categorized into Level 1 (quoted prices in active markets) and Level 2 (observable inputs other than quoted prices). The Group does not hold assets or liabilities that are categorized within Level 3 of the fair value hierarchy, which involves unobservable inputs. There were no transfers between Level 1 and Level 2 fair value measurements during the period, and no transfers into or out of Level 3 fair value measurements during 2026.
| 10 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 5. | Cash and cash equivalents |
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Weighted average rate (p. a.) |
June 30, 2026 | December 31, 2025 | |
| Cash and bank balances | 13,433 | 12,290 | |
| Short-term financial investments | |||
| Short-term financial investments – Brazilian reais | 14.26% | 14,544 | 9,639 |
| Short-term financial investments – US dollars | 2.91% | 20,193 | 21,787 |
| Short-term financial investments – Pound sterling | 2.48% | 3,081 | 2,515 |
| Short-term financial investments – Canadian dollar | 0.40% | 890 | 1,153 |
| Short-term financial investments – Chinese yuan | 1.30% | 1,290 | 480 |
| Total | 53,431 | 47,864 |
Short-term financial investments mainly consist of fixed-income instruments issued by financial institutions. These instruments earn interest at market-based rates and are held for cash management purposes.
| 6. | Accounts receivable and contract assets |
| 6.1 | Accounts receivable |
The balances of accounts receivable are presented as follows:
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June 30, 2026 |
December 31, 2025 | |
| Accounts receivable - in R$ – from Brazil based customers | 49,002 | 53,842 |
| Accounts receivable - in US$ – from United States based customers | 29,403 | 38,549 |
| Accounts receivable – other currencies - from other foreign based customers | 9,947 | 6,777 |
| (-) Expected credit losses | (263) | (1,880) |
| Accounts receivable, net | 88,089 | 97,288 |
The balance of accounts receivable by maturity date is as follows:
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June 30, 2026 |
December 31, 2025 | |
| Current | 76,430 | 90,184 |
| Overdue: | ||
| from 1 to 60 days | 6,475 | 6,250 |
| 61 to 360 days | 3,406 | 897 |
| Over 360 days | 2,041 | 1,837 |
| (-) Expected credit losses | (263) | (1,880) |
| Total | 88,089 | 97,288 |
| 11 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
The rollforward of the allowance for credit expected losses is as follows:
| Expected credit losses | |
| December 31, 2025 | (1,880) |
| Addition | (59) |
| Reversal | 1,763 |
| Translation to presentation currency | (87) |
| June 30, 2026 | (263) |
As of June 30, 2026, the average expected credit loss rate under the method applied by the Group was 0.03% (0.03% as of December 31, 2025), except for certain credit-impaired customers with fully impaired balances, resulting in an expected credit loss amounting to US$ 243 (of the total of US$ 263). As of December 31, 2025, such credit-impaired customers with fully impaired balances resulted in an expected credit loss amounting to US$ 1,857 (of the total of US$ 1,880).
| 6.2 | Contract assets |
The balances of contract assets are presented as follows:
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June 30, 2026 |
December 31, 2025 | |
| Contract assets - in R$ – from Brazil based customers | 40,551 | 22,715 |
| Contract assets - in US$ – from United States based customers | 15,945 | 8,343 |
| Contract assets – other currencies - from other foreign based customers | 6,052 | 3,212 |
| (-) Expected credit losses | (439) | (10) |
| Contract assets, net | 62,109 | 34,260 |
The rollforward of the allowance for expected losses is as follows:
| Expected credit losses | |
| December 31, 2025 | (10) |
| Addition | (747) |
| Reversal | 314 |
| Translation to presentation currency | 4 |
| June 30, 2026 | (439) |
| 12 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 7. | Intangible assets and goodwill |
The rollforward of intangible assets is as follows:
| Cost | Weighted average rate (p.a.) | December 31, 2025 | Additions | Transfers | Translation to presentation currency | June 30, 2026 |
| Customer relationship | 58,732 | - | - | 1,144 | 59,876 | |
| Software | 22,009 | 199 | 6,341 | 1,404 | 29,953 | |
| Software in progress | 4,592 | 6,093 | (6,341) | 184 | 4,528 | |
| Non-compete agreement | 2,708 | - | - | 190 | 2,898 | |
| Other | 6,223 | - | - | 420 | 6,643 | |
| Goodwill | 278,539 | - | - | 6,571 | 285,110 | |
| 372,803 | 6,292 | - | 9,913 | 389,008 | ||
| Amortization | ||||||
| Customer relationship | 13.18% | (26,443) | (3,852) | - | (771) | (31,066) |
| Software | 25.73% | (9,395) | (3,111) | - | (556) | (13,062) |
| Non-compete agreement | 20.00% | (2,224) | (441) | - | (157) | (2,822) |
| Other | 5.00% | (5,393) | (28) | - | (367) | (5,788) |
| (43,455) | (7,432) | - | (1,851) | (52,738) | ||
| Total | 329,348 | (1,140) | - | 8,062 | 336,270 |
| 13 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 8. | Loans and borrowings |
The loans and borrowings rollforward are summarized as follows:
| Nominal interest rate | Year of maturity | December 31, 2025 | Proceeds from loans and borrowings | Payments related to loans and borrowings | Interest paid | Interest expenses | Exchange rate changes | Translation to presentation currency | June 30, 2026 | |
| In US$ | ||||||||||
| Advance on foreign exchange contract | 4.62% to 4.96% p.a | 2026 to 2027 | 25,711 | 24,611 | - | - | 738 | (674) | 1,061 | 51,447 |
| Export credit note | SOFR+2.33% p.a | 2026 | 9,120 | - | - | (280) | 271 | (563) | 563 | 9,111 |
| Working capital loan | SOFR+2.60% to 5.02% | 2026 to 2028 | 55,299 | - | (9,462) | (1,106) | 1,650 | (3,478) | 3,472 | 46,375 |
| 90,130 | 24,611 | (9,462) | (1,386) | 2,659 | (4,715) | 5,096 | 106,933 | |||
| In R$ | ||||||||||
| Export credit note | CDI+1.75% | 2026 to 2028 | 32,498 | - | (5,447) | (2,526) | 2,360 | - | 2,024 | 28,909 |
| 32,498 | - | (5,447) | (2,526) | 2,360 | - | 2,024 | 28,909 | |||
| Total | 122,628 | 24,611 | (14,909) | (3,912) | 5,019 | (4,715) | 7,120 | 135,842 | ||
| Current | 66,443 | 91,355 | ||||||||
| Non-current | 56,185 | 44,487 |
The Group’s loan and borrowings bear fixed or variable interest rate indexed to market reference rates such as the Secured Overnight Financing Rate (“SOFR”) or Interbank Deposit Certificate (“CDI” - an average of interbank overnight rates in Brazil).
The loans and borrowings are not secured by property and equipment or accounts receivable.
| 14 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 8.1 | Advances on foreign exchange contracts |
During the second quarter of 2026, the Group carried out the following transactions related to advances on foreign exchange contracts:
On May 8, 2026, CI&T Brazil obtained funding of US$ 9,852, bearing a nominal annual interest rate of 4.75%, with a single payment of principal and interest due in June 2027. The proceeds are used for general corporate purposes.
On June 11, 2026, CI&T Brazil renegotiated the terms of an existing advance on foreign exchange contract with an outstanding principal of US$ 26,141, reducing the nominal annual interest rate from 5.15% to 4.62%. The modified contract matures in December 2026.
On June 16, 2026, CI&T Brazil obtained funding of US$ 14,759, bearing a nominal annual interest rate of 4.96%, with a single payment of principal and interest due in July 2027. The proceeds are used for general corporate purposes.
| 8.2 | Covenants |
The Group has restrictive covenants in some of its loans and financing agreements, as disclosed in the last annual financial statements, and summarized below:
| Restrictive clause related to: | Measurement frequency | Indicators | Required | Result |
| Export credit note | Annual - on December 31, 2025 | Net debt(a)/ EBITDA(b) | Less than or equal to 3.0X | In compliance |
| Working capital | Annual - on December 31, 2025 | Net debt(a)/ EBITDA(b) | Less than or equal to 3.0X | In compliance |
| (a) | Net debt means total loans, less cash and cash equivalents. |
| (b) | EBITDA means Earnings Before Interest, Tax, Depreciation and Amortization, where Interest refers to net finance costs. |
| 9. | Salaries and welfare charges |
| June 30, 2026 | December 31, 2025 | |
| Accrued vacation and charges | 31,791 | 25,830 |
| Salaries | 8,445 | 7,726 |
| Payroll charges | 6,675 | 5,435 |
| Withholding income tax | 4,490 | 6,498 |
| Bonus | 1,880 | 11,407 |
| Other | 1,785 | 1,774 |
| Total | 55,066 | 58,670 |
| 15 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 10. | Derivatives |
The Group enters into derivative financial instruments exclusively to manage financial risks arising from its financing activities.
The Group has two interest rate swap contracts outstanding as of June 30, 2026. Both instruments are used to manage the exposure to interest rate volatility associated with the Group’s loans and borrowings.
These instruments are settled in cash and do not require initial investments other than normal collateral practices, when applicable.
| June 30, 2026 | ||||
| Maturity | Notional in (US$) | Floating rate receivable | Fixed rate payable | Fair value |
| 07/16/2026 | 9,000 | SOFR overnight | 3.09% | 65 |
| 07/07/2026 | 1,587 | CDI | US$ variation + 4.90% | (91) |
| Total | (26) | |||
| December 31, 2025 | ||||
| Maturity | Notional in (US$) | Floating rate receivable | Fixed rate payable | Fair value |
| 07/16/2026 | 9,000 | SOFR overnight | 3.09% | 190 |
| 07/07/2026 | 4,479 | CDI | US$ variation + 4.90% | (512) |
| Total | (322) | |||
The rollforward of the derivatives is as follows:
| Interest rate swaps | |
| December 31, 2025 | (322) |
| Gains recognized in the statement of profit or loss | 336 |
| Loss on settlement of derivatives | (25) |
| Translation adjustment | (15) |
| June 30, 2026 | (26) |
| Asset position on derivative financial instruments | 65 |
| Liability position on derivative financial instruments | (91) |
| 16 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 11. | Equity |
| 11.1Share | capital |
As of June 30, 2026, the total issued share capital is US$ 7 with a par value of US$ 0.00005. The rollforward of share capital is as follows:
| Amount of | Number of common nominative shares | |||
| share capital | Total | Class A | Class B | |
| December 31, 2025 | 7 | 134,579,406 | 23,802,836 | 110,776,570 |
| Class B converted to class A | - | - | 166,122 | (166,122) |
| June 30, 2026 | 7 | 134,579,406 | 23,968,958 | 110,610,448 |
According to the Parent Company's Articles of Association, the outstanding Class B common shares are convertible at any time at the option of the holder into Class A common shares.
| 11.2Treasury | share reserve |
On September 12, 2025, the Board of Directors approved a new share repurchase program, authorizing the repurchase of up to five million of its outstanding class A common shares up to December 31, 2026. The rollforward of the treasury share reserve is as follows:
| Number of shares | Average cost | |
| December 31, 2025 | 5,719,653 | (30,016) |
| Share buyback | 1,393,236 | (6,171) |
| Equity awards settled in treasury stock | (522,166) | 4,157 |
| June 30, 2026 | 6,590,723 | (32,030) |
| 17 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 12. | Revenue |
| 12.1Revenue | by nature of service |
The Group primarily generates revenue through the provision of services summarized by nature in the table below:
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Software development revenue | 134,437 | 112,413 | 263,860 | 218,747 |
| Consulting revenue | 4,295 | 1,959 | 7,967 | 3,424 |
| Software maintenance revenue | 3,395 | 2,404 | 6,296 | 5,063 |
| Other revenue | 693 | 409 | 1,305 | 827 |
| Total revenue | 142,820 | 117,185 | 279,428 | 228,061 |
| 12.2Revenue | by industry vertical |
The following table sets forth the revenue by industry vertical for the periods indicated:
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| By industry vertical | ||||
| Financial services | 56,831 | 41,782 | 108,016 | 79,029 |
| Retail and industrial goods | 26,791 | 24,169 | 54,736 | 48,390 |
| Consumer goods | 22,805 | 24,954 | 45,646 | 47,823 |
| Technology and telecommunications | 17,137 | 10,212 | 33,223 | 21,600 |
| Life sciences | 10,973 | 9,461 | 21,444 | 18,519 |
| Other | 8,283 | 6,607 | 16,363 | 12,700 |
| Total revenue | 142,820 | 117,185 | 279,428 | 228,061 |
| 12.3Revenue | by country |
The table below summarizes revenues by country:
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Brazil | 72,017 | 54,519 | 138,118 | 104,205 |
| United States of America | 57,047 | 51,775 | 114,094 | 100,834 |
| Other countries | 13,756 | 10,891 | 27,216 | 23,022 |
| Total revenue | 142,820 | 117,185 | 279,428 | 228,061 |
Revenue by country was determined based on the country in which the sale occurred.
| 18 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 12.4 | Revenue by client concentration |
Revenue generated from a single external customer represents 11.2% of the Group’s total revenues as of June 30, 2026 (10.9% as of June 30, 2025).
| 13. | Expenses by nature |
Information on the nature of expenses recognized in the unaudited condensed consolidated interim statement of profit or loss is presented below:
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Employee expenses | (108,930) | (84,743) | (212,769) | (167,139) |
| Third-party services and other inputs | (9,761) | (7,094) | (18,532) | (13,525) |
| Depreciation and amortization | (5,591) | (4,605) | (11,149) | (9,002) |
| Travel expenses | (1,966) | (1,458) | (3,440) | (2,528) |
| Share-based compensation | (1,329) | (1,423) | (2,376) | (2,384) |
| Impairment reversal (loss) on accounts receivable and contract assets | 45 | (92) | 1,271 | 239 |
| Other costs and expenses | (3,226) | (2,270) | (6,182) | (4,011) |
| Total | (130,758) | (101,685) | (253,177) | (198,350) |
| 14. | Net finance costs |
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Finance income: | 5,878 | 4,730 | 11,403 | 9,542 |
| Foreign-exchange gain | 4,728 | 2,554 | 9,153 | 4,590 |
| Interest income on other assets | 392 | 218 | 745 | 603 |
| Income from financial investments | 425 | 1,019 | 739 | 1,989 |
| Gains on derivatives | 204 | 927 | 625 | 2,284 |
| Other finance income | 129 | 12 | 141 | 76 |
| Finance costs: | (8,928) | (5,746) | (16,445) | (12,302) |
| Interest and charges on loans and leases | (2,720) | (3,207) | (5,458) | (6,320) |
| Foreign-exchange loss | (5,561) | (1,777) | (9,703) | (4,364) |
| Interest expenses on other liabilities | (187) | (203) | (375) | (373) |
| Loss on derivatives | (146) | (364) | (289) | (898) |
| Other finance costs | (314) | (195) | (620) | (347) |
| Net finance costs | (3,050) | (1,016) | (5,042) | (2,760) |
| 19 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 15. | Income tax expense |
The income tax expense recognized in profit or loss for the periods are shown as follows:
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Current income tax | (1,059) | (1,521) | (1,411) | (2,832) |
| Deferred income tax | (2,203) | (3,221) | (6,485) | (6,930) |
| Total income tax (expenses) | (3,262) | (4,742) | (7,896) | (9,762) |
| 15.1 | Effective tax rate reconciliation |
The nominal tax rate was computed based on the Brazilian tax law, taking into account the combined income tax and social contribution tax rate given that Brazil is currently the main operation of the Group. The reconciliation of the effective tax rate with the average nominal tax rate is as follows:
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Profit before income tax | 9,012 | 14,484 | 21,209 | 26,951 |
| Nominal income tax rate | 34% | 34% | 34% | 34% |
| Tax expenses per nominal income tax rate | (3,064) | (4,925) | (7,211) | (9,163) |
| Tax benefits incentives | 895 | 65 | 1,652 | 191 |
| Tax rate differences on subsidiaries | (223) | 807 | (582) | 1,473 |
| Permanent differences | (341) | (139) | (506) | (372) |
| Tax losses for which no deferred tax asset is recognized | (540) | (589) | (1,117) | (1,480) |
| Other | 11 | 39 | (132) | (411) |
| Income tax expenses | (3,262) | (4,742) | (7,896) | (9,762) |
| Effective rate | 36% | 33% | 37% | 36% |
| 20 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 15.2 | Movement in deferred tax balances |
| December 31, 2025 | Recognized in profit or loss | Reclassification | Recognized in OCI | Translation to presentation currency |
June 30, 2026 |
Assets | Liabilities | |
| Goodwill | (33,285) | (4,668) | - | - | (1,881) | (39,834) | - | (39,834) |
| Provisions | 1,420 | (480) | - | - | 65 | 1,005 | 1,005 | - |
| Property and equipment | 263 | 216 | - | - | 26 | 505 | 505 | - |
| Derivatives | 110 | (108) | - | - | 7 | 9 | 9 | - |
| Bonus accrued | 3,354 | (2,997) | - | - | 185 | 542 | 542 | - |
| Intangible assets | (624) | 156 | - | - | 78 | (390) | 1,674 | (2,064) |
| Share-based compensation | 3,102 | (192) | - | - | 112 | 3,022 | 3,022 | - |
| Lease | 173 | (15) | 12 | - | 10 | 180 | 180 | - |
| Other temporary differences | 95 | 32 | (12) | - | - | 115 | 115 | - |
| Tax loss carryforward | 613 | 1,571 | - | (30) | (19) | 2,135 | 2,135 | - |
| Total | (24,779) | (6,485) | - | (30) | (1,417) | (32,711) | 9,187 | (41,898) |
| Offset of deferred taxes | (8,411) | 8,411 | ||||||
| Net Tax assets (liabilities) | (32,711) | 776 | (33,487) |
| 21 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 16. | Financial risk management |
| 16.1 | Fair value hierarchy |
The following table presents the carrying amounts and fair values of financial assets and financial liabilities, along with their respective levels in the fair value hierarchy. It excludes fair value information for financial assets and financial liabilities that are not measured at fair value, provided the carrying amount is a reasonable approximation of fair value.
| June 30, 2026 | ||||
| Financial assets | Note | Level | Fair value | Carrying amount |
| Derivative financial instruments | 10 | 2 | 65 | 65 |
| Short-term financial investments | 5 | 2 | 39,998 | 39,998 |
| Financial liabilities | ||||
| Derivative financial instruments | 10 | 2 | (91) | (91) |
| Loans and borrowings | 8 | 2 | (134,996) | (135,842) |
| December 31, 2025 | ||||
| Financial assets | Note | Level | Fair value | Carrying amount |
| Derivative financial instruments | 10 | 2 | 190 | 190 |
| Short-term financial investments | 5 | 2 | 35,574 | 35,574 |
| Financial liabilities | ||||
| Derivative financial instruments | 10 | 2 | (512) | (512) |
| Loans and borrowings | 8 | 2 | (121,935) | (122,628) |
For other financial
instruments recognized by the Group, due to their short-term nature, their carrying amounts approximate fair value and therefore they
are not included in the fair value disclosures nor in the fair value hierarchy. It includes accounts receivable and trade and other payables.
| 17. | Related parties |
| 17.1 | Transactions with key management personnel |
| Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 | |
| Direct compensation | 479 | 447 | 1,371 | 1,121 |
| Share-based compensation program | 39 | 32 | 51 | 51 |
The Group has no additional post-employment obligation and no other long-term benefits, such as premium leave or severance benefits. The Group also does not offer other benefits in connection with the dismissal of its Senior Management’s members. These expenses are recognized in general and administrative expenses.
| 22 |
| CI&T Inc. Notes to the unaudited condensed consolidated interim financial statements June 30, 2026 (In thousands of United States dollars – US$, unless otherwise indicated) |
| 18. | Operating segments |
Operating segments are defined based on business activities that reflect how the Chief Operating Decision Maker (“CODM”) reviews financial information within the decision-making process.
The Group's CODM is the Group's Board of Directors. The CODM oversees operational decisions related to resource allocation and performance evaluation. The CODM considers the whole Group as a single operating and reportable segment, monitoring operations, making decisions on fund allocation and evaluating performance based on a single operating segment.
| 19. | Non-cash transaction |
| Additions of property and equipment | Additions and disposals of right-of-use assets | Share-based compensation exercised | Total | |
| As of June 30, 2026 | ||||
| Property and equipment | 65 | - | - | 65 |
| Right-of-use assets | - | (813) | - | (813) |
| Trade and other payables | (65) | - | - | (65) |
| Lease liabilities | - | 813 | - | 813 |
| Equity settled share-based payment exercised | - | - | (3,938) | (3,938) |
| Treasury shares reissued | - | - | 3,938 | 3,938 |
| Additions of property and equipment | Additions and disposals of right-of-use assets | Share-based compensation exercised | Total | |
| As of June 30, 2025 | ||||
| Property and equipment | 264 | - | - | 264 |
| Right-of-use assets | - | 1,270 | - | 1,270 |
| Trade and other payables | (264) | - | - | (264) |
| Lease liabilities | - | (1,270) | - | (1,270) |
| Equity settled share-based payment exercised | - | - | (3,902) | (3,902) |
| Treasury shares reissued | - | - | 3,902 | 3,902 |
| 23 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 11, 2026
| CI&T Inc |
|||
| By: | /s/ Stanley Rodrigues | ||
| Name: Stanley Rodrigues | |||
| Title: Chief Financial Officer | |||