Brazil · Delayed Price · Currency is BRL Moura Dubeux Engenharia Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 29% YoY and nine-month EBITDA grew 42%, while sales softened in the quarter. 2026 targets remained intact, but management is preparing to reduce launches and preserve cash if 2027 conditions deteriorate.
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Record net profit and strong revenue growth were achieved, with robust margins and disciplined cash management. Guidance for 2026 net profit was raised to BRL 600 million, and launches are on track to exceed BRL 5 billion if market conditions hold.
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Q1 2026 delivered record launches, strong sales, and the highest quarterly net profit in company history, with robust gross margins and low leverage. Growth is balanced between condominium and development models, and the company remains cautious amid manageable cost pressures and labor constraints.
Fiscal Year 2025
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Q3 2025 saw record launches and strong sales, with net revenue up 9.3% YoY and gross margin at 43%. The company maintains low leverage, robust cash generation, and expects continued growth from Mood and Única segments, with ROE targeted at 25%.
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Record launches and revenue growth in Q2 2025, with net revenue up 70% YoY and launches up 192% YoY. Conservative leverage, robust sales in luxury and middle-income segments, and a strong dividend outlook position the company for continued profitability.
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Q1 2025 delivered record revenue, profit, and sales, driven by strong demand for condominiums and Mood projects, with robust outlook for the year. Dividend payments of BRL 100 million are planned, and leverage remains low.
Fiscal Year 2024
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Strong growth in launches, sales, and profitability marked 2024, with robust performance in the Northeast and expansion into new segments like Minha Casa, Minha Vida. Low leverage, high ROE, and disciplined capital allocation support continued optimism for 2025.
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Record Q3 2024 results with net revenue up 66% year-over-year and strong sales in both condominium and Mood segments. Positive cash generation, low leverage, and semi-annual dividends highlight robust financial health and operational efficiency.
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Record Q2 2024 results with 25% revenue growth, 85% increase in launches, and strong profitability. Dividend payments of BRL 140 million expected in 2024, with robust sales and launches driven by the new Mood brand and high demand in Northeast Brazil.