Brazil · Delayed Price · Currency is BRL Helbor Empreendimentos Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw a 27% drop in sales and a 28% decline in gross profit due to no new launches, but the company maintains a robust land bank and plans strategic launches in H2 2026. Net debt rose to BRL 1.773 billion, with a focus on cost discipline and reducing leverage.
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Gross sales reached BRL 421 million in 1Q 2026, with net revenue up 16% year-over-year and net income at BRL 24.2 million. Operational efficiency improved, expenses declined, and a strategic MoU was signed for a Minha Casa, Minha Vida project.
Fiscal Year 2025
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Operational and financial performance improved in 2025, with strong sales growth, strategic launches, and effective land bank management. Leverage reduction and cost discipline remain priorities, while partnerships and asset recycling support future growth.
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Q3 2025 saw a 32.9% drop in net revenue year-over-year due to a higher share of launches, but year-to-date gross sales rose 6.5%. Inventory is now focused on residential, with legacy stock nearly cleared. Deleveraging continues, and three new launches are expected in Q4.
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Gross sales rose 11% YTD, but 2Q25 net revenue fell 15% year-over-year amid selective launches and land bank recycling. Net debt dropped to 54% of equity, with cash generation expected to improve as delayed onlendings are realized.
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Gross sales surged 40% year-over-year in Q1 2025, with strong cash generation and reduced leverage. Inventory is now focused on high-end segments in the Southeast, and launches will be paced to match market demand. Gross margin is expected to normalize around 30%.
Fiscal Year 2024
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Gross sales rose 33% year-over-year to BRL 2 billion, with strong cash generation and reduced leverage. Inventory quality improved, backlog margin increased, and 2025 will see disciplined launches focused on high-demand regions.
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Q3 2024 saw strong sales growth, inventory reduction, and stable margins, with a focus on cash generation and deleveraging. No new launches occurred in Q3, but a successful project in Mogi das Cruzes sold out rapidly. Leverage decreased, and more launches are expected in 2025.
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Q2 2024 saw record sales and strong revenue growth, with a 45% year-over-year increase in contracted sales and a 32.4% gross margin. Inventory and legacy units declined, while leverage rose to 71.2%. The outlook includes several new launches and continued deleveraging.