Brazil · Delayed Price · Currency is BRL EZTEC Empreendimentos e Participações Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw record launches and net sales, with strong performance in both middle- and low-income segments. Margins and cash generation remain resilient despite inflation and high interest rates, and new sales initiatives are boosting inventory turnover.
Fiscal Year 2025
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Record sales and launches in 2025 drove strong net profit and margin growth, with aggressive inventory reduction and robust cash management supporting a positive outlook. Guidance for 2026 targets up to BRL 3 billion in launches, with continued expansion into new segments and operational efficiency.
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Record launches and sales drove revenue and profit growth, with gross margin boosted by construction economies and strong demand in mid and upper-mid segments. Cash generation and dividends were robust, and management expects continued momentum, especially if interest rates fall.
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Record launches and net sales drove the highest net revenue and profit in company history, with gross margin near 41% and ROE at 10%. Management expects continued strong performance, focusing on middle-income and studio segments, while maintaining a 50% dividend payout.
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Record launches and deliveries drove 30%+ year-over-year growth in revenue and net sales, with gross margins rebounding to the 40% range. Management remains cautious, adjusting launch pace to market absorption and maintaining strong liquidity and inventory control.
Fiscal Year 2024
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2024 launches rose 63% to BRL 1.6bn, while revenue grew ~50% and net profit reached BRL 405m. A record BRL 2.6bn launch program is planned for 2025, with margins, buyer financing and cash deployment key watchpoints.
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Q2 2024 saw record sales and 80% revenue growth year-over-year, with net profit up 50% sequentially and a robust land bank expansion planned. Inventory and liquidity remain strong, and a dividend of BRL 0.10 per share is approved.