NATIONAL STEEL CO

National Steel Company (CSN) reported a net loss of R$ 773.1 million in 2Q26, a deterioration from the previous quarter, primarily due to higher financial expenses from exchange-rate fluctuations. Despite this, net revenue increased by 6.6% sequentially to R$ 11,306.2 million, and Adjusted EBITDA grew 4.8% to R$ 2,772.6 million, driven by strong operational performance across segments. The company achieved a positive free cash flow of R$ 808.1 million, marking a significant turnaround, while net debt saw a slight increase to R$ 42,138.2 million.

Companhia Siderúrgica Nacional (CSN) announced the final results of its subsidiary's exchange offer for 6.750% Senior Notes due 2028. The offer successfully attracted US$1,007,324,000, representing 77.49% of the outstanding notes, satisfying the minimum participation condition. Eligible holders will receive US$253.85 in cash and US$746.15 in new 11.000% Senior Notes due 2030 for each US$1,000 principal amount tendered. The settlement is expected on August 12, 2026, involving approximately US$698.3 million in new notes and US$255.7 million in cash.

National Steel Co's subsidiary, CSN Inova Ventures, successfully completed an Exchange Offer for its 6.750% Notes due 2028. The offer saw US$1,007,324,000, or 77.49% of the outstanding notes, tendered and accepted, exceeding the minimum participation condition. As a result, CSN Inova expects to issue approximately US$698.3 million in new 11.00% Notes due 2030 and pay about US$255.7 million in cash to holders. The new notes are guaranteed by National Steel Co, and settlement is anticipated on August 12, 2026.

Companhia Siderúrgica Nacional (CSN) announced the final results of its subsidiary CSN Inova Ventures' exchange offer and consent solicitation for its 6.750% Senior Notes due 2028. The offer saw 77.49% of the outstanding 2028 Notes, totaling US$1,007,324,000, validly tendered and accepted. As a result, the Issuer expects to issue approximately US$698.3 million in new 11.000% Senior Notes due 2030 and pay approximately US$255.7 million in cash consideration. The settlement is anticipated on August 12, 2026.

National Steel Company (CSN) announced that it has received binding proposals from potential purchasers for the full divestment of its subsidiary, CSN Cimentos S.A. This development is in line with the established timetable for the competitive process, which was previously disclosed in a Material Fact on January 15, 2026. The company is currently evaluating these proposals and will keep the market informed of any significant updates.

National Steel Co. (CSN) has initiated an exchange offer and consent solicitation for its 6.750% Senior Notes due 2028. Eligible holders can exchange each US$1,000 principal amount of 2028 Notes for US$746.15 in new notes and US$253.85 in cash. The offer, which also seeks consents for amendments to the indenture governing the 2028 Notes, is set to expire on August 10, 2026, and is conditioned on a minimum participation of US$910.0 million in 2028 Notes.

CSN's subsidiary, CSN Inova Ventures, has commenced an offer to exchange its outstanding 6.750% Senior Notes due 2028 for new 11.000% Senior Notes due 2030 and cash. Eligible holders will receive $253.85 in cash and $746.15 in new notes for each $1,000 principal amount of 2028 Notes tendered. The new notes' interest rate may decrease to 10.500% if the aggregate principal amount is reduced by at least $200 million by February 12, 2028. The offer, which includes a consent solicitation for amendments to the 2028 Notes indenture, is conditioned on a minimum participation of $910.0 million (70%) of the outstanding 2028 Notes and is set to expire on August 10, 2026.

National Steel (CSN) reported a consolidated net loss of R$555 million for Q1 2026, a significant improvement from the R$732 million loss in Q1 2025. Net revenue slightly decreased by 2.78% to R$10.6 billion. The company also saw an improvement in net cash used in operating activities, which decreased by 32.69% to R$777 million, indicating better operational cash management.

Companhia Siderúrgica Nacional (National Steel) reported a net loss of R$ 555.0 million in 1Q26, an improvement compared to the previous quarter and 1Q25. Net Revenue decreased 7.0% quarter-over-quarter and 2.8% year-over-year to R$ 10,603.8 million, reflecting seasonal weakness and exchange-rate impacts. Adjusted EBITDA reached R$ 2,646.0 million with a 23.9% margin, showing annual growth driven by strong performance in the cement and logistics segments. The company also secured a US$ 1.2 billion bridge loan and is progressing with its asset sale plan to reduce its R$ 40,505.0 million net debt.

Companhia Siderúrgica Nacional (CSN) announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission on April 30, 2026. Shareholders and holders of American depositary shares can request a hard copy of the audited financial statements free of charge. The report is also accessible on the company's Investor Relations website.