Track & Field S A : Dados Econômico-Financeiros

(Convenience Translation into English from the Original Previously Issued in Portuguese)

Track & Field CO S.A.

and Subsidiaries

Report on Review of

Interim Financial Information for the Six-month Period Ended June 30, 2023

Deloitte Touche Tohmatsu Auditores Independentes Ltda.

Deloitte Touche Tohmatsu

Dr. Chucri Zaidan Avenue, 1.240 - 4th to 12th floors - Golden Tower 04711-130 - São Paulo - SP Brazil

Tel.: + 55 (11) 5186-1000

Fax: + 55 (11) 5181-2911

www.deloitte.com.br

(Convenience Translation into English from the Original Previously Issued in Portuguese)

REPORT ON REVIEW OF INDIVIDUAL AND

CONSOLIDATED INTERIM FINANCIAL INFORMATION

To the Management and Shareholders of

Track & Field CO S.A.

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Track & Field CO S.A. ("Company"), identified as Parent and Consolidated, respectively, included in the Interim Financial Information Form (ITR) for the quarter ended June 30, 2023, which comprises the individual and consolidated balance sheet as at June 30, 2023, and the related statements of profit and loss and of comprehensive income for the three- and six-month periods then ended, and of changes in equity and of cash flows for the six-month period then ended, including the explanatory notes.

The Executive Board is responsible for the preparation of this individual and consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), 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.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 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.

Conclusion on the individual and consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the ITR referred to above was not prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34, applicable to the preparation of Interim Financial Information (ITR), and presented in accordance with the standards issued by the CVM.

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© 2023. For information, contact Deloitte Global.

Other matters

Statements of value added

The individual and consolidated interim financial information referred to above includes the statements of value added (DVA) for the six-month period ended June 30, 2023, prepared under the responsibility of the Company's Executive Board and presented as supplemental information for international standard IAS 34 purposes. These statements were subject to the review procedures performed together with the review of the Interim Financial Information (ITR) to reach a conclusion on whether they are reconciled with the interim financial information and the accounting records, as applicable, and if their 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 these statements of value added were not prepared, in all material respects, in accordance with such technical pronouncement and consistently with the accompanying individual and consolidated interim financial information taken as a whole.

The accompanying individual and consolidated interim financial information has been translated into English for the convenience of readers outside Brazil.

São Paulo, August 14, 2023

DELOITTE TOUCHE TOHMATSU	Randal Ribeiro Sylvestre
Auditores Independentes Ltda.	Engagement Partner

2023SP025257

© 2023. For information, contact Deloitte Global.

2

Earnings

Release

2Q23

Videoconference

August 15 (Tuesday)

09:00 BRT | 08:00 a.m. NY

Click hereto access the

conference call

B3: TFCO4

R$ 13,74

(per PN share on 08/11)

877.251.375 ON shares 71.992.864 PN shares

(free float: 53.689.262 PN)

R$ 2,2 billion

Market Cap on 08/11

São Paulo, August 14, 2023 - Track & Field CO S.A. (B3: TFCO4) announces its results for the second quarter of 2023 (1T23). The consolidated financial statements were prepared in compliance with the accounting practices adopted in Brazil with the International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB).

Operating Highlights

Sell Out reached R$ 263.3 million in the 2Q23, representing an increase of 18.8% vs. 2Q22, with SSS growth of +13.2% YoY. We highlight the performance of the stores refurbished to the new concept, with the franchises growing 33.9% YoY and owned stores growing 34.3% YoY.

7 new stores were opened during the quarter, all of which were franchises, and the network reached a total of de 339 stores at the end of the second quarter of 2023. All new stores continue to be open under the new layout and we will remain focused throughout the year on continuing the refurbishment of our owned stores and franchises.

Increase in sales through the ship from store modality (sales captured by e-commerceand invoiced by physical stores), which grew from 67% in 2Q22 to 83% in 2Q23.

Second wave of omnichannel with its continuous focus on the implementation of the infinite shelf project and in the capturing new sellers for our sporting goods marketplace (tfmall);

During the 2Q23, TFSports held a total of 22 street races, 362 Keep Moving classes, 50 T&F Experience events and the Beach Tennis Circuit, with 11 stages held up to the end of July. At the end of the quarter, the

Platform had over 490 thousand users (+54.5% YoY), more than 5 thousand trainers enrolled, and a net income growth of 74.7%.

NPS (Net Promoter Score) reached 86.6 points in 2T23, maintaining its high level, and showcasing that continuous growth of the Company coexists with a high customer' satisfaction and loyalty towards our products and ecosystem.

Financial Highlights

Net Revenue totaled R$ 155.8 million in 2Q23, +18.5% vs. 2Q22 (R$ 131.4 million).

Gross Profit reached a 24.9% growth vs. 2Q22, totaling R$ 88.9 million during 2Q23; gross margin at 57.1%.

Adjusted EBITDA of R$ 36.1 million in 2Q23, 43.3% higher than R$ 25.2 million reported in 2Q22. Adjusted EBITDA margin of 23.2% in the quarter vs. 19.2% in 2Q22;

Adjusted Net Income amounted to R$ 27.9 million in 2Q23, a 52.5% growth in comparison to the R$ 18.3 million registered during 2Q22; this represents an adjusted net income of R$ 54.4 million in 1H23 (+38.1% YoY).

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