Via S A : Q1'23 ITR

Quarter ended March 31, 2023 with Independent Auditor's Report

Via S.A.

Interim financial information

Period ended March 31, 2023

Management Report	2
Executive Board's representation on interim financial information	4
Executive Board's representation on the independent auditor's report on interim financial information	5
Independent auditor's report on interim financial information - ITR	6
Statement of financial fosition - assets	8
Statement of financial position - liabilities	9
Statement of profit or loss	10
Statement of comprehensive income	11
Statement of cash flows	12
Statement of changes in equity	13
Statement of value added	14
1.	Operations	15
2.	Presentation and preparation of individual and consolidated interim financial information	15
3.	Revised pronouncements and interpretations issued but not yet adopted	17
4.	Significant accounting practices	17
5.	Cash and cash equivalents	18
6.	Trade accounts receivable	19
7.	Inventories	23
8.	Taxes recoverable	23
9.	Transactions with related parties	25
10.	Investments	28
11.	Property and equipment	30
12.	Intangible assets	32
13.	Trade accounts payable and Trade accounts payable - agreement	33
14.	Loans and financing	34
15.	Financial risk management	38
16.	Taxes payable	42
17.	Current and deferred income and social contribution taxes}	43
18.	Provision for contingencies	45
19.	Leases	49
20.	Deferred revenues	50
21.	Equity}	51
22.	Sales and service revenue	53
23.	Expenses by nature	54
24.	Other operating income (expenses), net	55
25.	Finance income (costs), net	55
26.	Earnings (loss) per share	56
27.	Insurance coverage	56
28.	Segment information	57
29.	Events after the reporting period	57

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Via S.A.

Management Report

Period ended March 31, 2023

Via is focused on growing in a profitable and sustainable manner. This focus is reflected in the points we highlight in the Company's deliveries in 1Q23.

Brick-and-mortar stores had GMV growth for the fifth consecutive quarter and recorded an increase of 10% compared to the same prior-year period. This is the result of the performance of the existing store network, whose performance was 9% higher on a same-store basis and also of the net opening of 42 stores in 2022.

Worth mentioning that this channel makes a positive contribution to the Company's profitability, given the greater penetration of services and installment payment plans. Keeping the focus on productivity, we observed an increase in GMV per store to R$5.4 million reais or 10.7%.

In the online channel, for another quarter we gained market share, even with a 15% reduction in GMV. We grew in the market, overcoming the decline in GMV mainly privileging categories that add greater profitability. This allowed us to even beat Via's historical record in online market share.

This clearly evidences the value of omnichannel, as we took advantage of the strength of physical retail and its healthy margins. Last but not least, we ended the quarter with a GMV of R$ 9.5 billion, which was stable vis-à- vis 2022.

In the marketplace (3P), we followed our strategy of promoting recurrence while seeking profitability. Among the categories that grew the most in the line of recurrence, we can mention food and beverages, supplements, babies and tools. And even with the strong comparative basis of the marketplace escalation, we had a 26% increase in GMV to R$1.5 billion. In terms of profitability, not only did we grow 56% in revenue, but we also increased and diversified the sources behind the take rate, which increased 2.4 percentage points year over year to 12%.

Despite a weakened online market in the country, Via continued to show consistent gains in market share, having recorded its highest historical share in the online channel in March 2023. In physical retail, we expanded our market share by 1.7 percentage points and maintained our predominance, according to GFK figures. And we should underscore that this evolution is not happening at any cost.

Our experience in granting credit continues to be an item that sets us apart, leveraging sales and profitability, and with an improvement in the level of delinquency in both installment payment plans and personal loans.

Our logistics network continues to be exploited to the fullest, bringing new sources of revenue and profitability by means of the advancement of services, such as fulfillment and transportation to third parties in the open sea model, which had an increase of 294% in its revenue.

Our financial discipline allowed us to expand gross margin by 1.4 percentage points to 32.1%. Our EBITDA margin grew by 0.1 percentage point to 9.2%. Nonetheless, due to the impact of the increase in the Selic benchmark rate on finance income, we recorded a loss of R$297 million.

As communicated to the market, we were able to approve the reschedule of R$ 1.1 billion. And we still had a quarter with an improvement in working capital of R$ 542 million. The acceleration of tax monetization is also worth highlighting, generating R$606 million, 2 times higher compared to the previous year and practically 3 times higher than the labor claims in the quarter. Further, we reduced the line of contracted suppliers, which are more expensive, with a variation of R$ 1.7 billion in cash flow year on year.

2

Via S.A.

Management Report

Period ended March 31, 2023

Our new CEO, Renato Franklin, joins the team and contributes to tapping into these new opportunities that will make Via even better. Our agenda will have value creation and capital allocation discipline as its main pillars. We have many opportunities for growth, but our focus will be on maximizing return on invested capital.

We will take advantage of this year, with a more challenging high-level scenario which favors selective growth and discipline, to deliver some important structuring projects that will bring even more competitive advantages to Via. We have a lot going on, a lot in the pipeline, projects that will help create new benchmarks for the customer experience in retail and also for the profitability of our operations.

Thank you all

3

Via S.A.

Executive Board's Representation on interim financial information

Period ended March 31, 2023

In compliance with the provisions contained in article 27, paragraph 1, item V of Ruling No. 80/2022, the Officers of Via S.A. (the "Company") state that they have reviewed, discussed and agreed on the Company's individual and consolidated interim financial information for the period ended March 31, 2023, authorizing their completion on that date.

São Paulo (SP), May 04, 2023.

Sérgio Augusto França Leme

Administrative Vice President and Investor Relations Officer

Abel Ornelas Vieira

Commercial and Operations Vice President

Orivaldo Padilha

Financial Vice President

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