• HBR Realty commissioned an independent valuation report for its planned tender offer for Helbor shares under CVM Resolution 215/24.
• Apsis set a fair price at BRL 2.52 per Helbor share, based on the 90-business-day VWAP through July 1, 2026.
• Other reference values: discounted cash flow BRL 3.95 per share; book value BRL 10.91; 12-month VWAP BRL 2.89.
• Report date-base was March 31, 2026; issuance dated July 2, 2026, later resubmitted on Aug. 25, 2026.

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. HBR Realty Empreendimentos Imobiliarios SA published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.