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Corpovael (CADUA) investor relations material
Corpovael Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong revenue and operating income growth in 2Q26 and year-to-date, driven by replenished affordable entry-level inventory and new project launches in Tulum and Playa del Carmen.
Homes sold increased 58.3% year-over-year in 2Q26, with affordable entry-level segment leading growth.
Focus remains on profitability, collections, sales continuity, and efficient inventory management to generate cash flow and reduce leverage.
Paid first dividend installment of MXN 0.19 per share in June, with a second installment scheduled before end of 3Q26.
Financial highlights
Total revenue rose 32.5% year-over-year to MXN 1,387 million in 2Q26; 1H26 revenue up 24.8% to MXN 2,370 million.
EBITDA grew 7.7% to MXN 217 million in 2Q26; 1H26 EBITDA up 9.7% to MXN 372 million.
Net income declined 9.7% year-over-year to MXN 104 million in 2Q26, but increased 7.5% to MXN 157 million for 1H26.
Free cash flow was -MXN 293 million in 2Q26 and -MXN 855 million for 1H26, reflecting higher accounts receivable and inventory delivery.
Cash and cash equivalents at quarter-end were MXN 435 million, down 5.5% year-over-year.
Outlook and guidance
Management expects continued strong demand in Quintana Roo and Guadalajara, supported by increased housing loans.
Focus on improving profitability, cash flow, and reducing leverage through efficient operations and inventory management.
- Strong revenue and net income growth in 1Q26, led by affordable housing and cost controls.CADUA
Q1 202626 May 2026 - FY2025 saw record revenue, net income, and free cash flow, with strong affordable segment growth.CADUA
Q4 202521 May 2026 - Market leader in sustainable housing with strong financials and top share in Quintana Roo.CADUA
Corporate Presentation19 Nov 2025 - Net income jumped 278.6% and revenue rose 20.4% year-over-year in 3Q25.CADUA
Q3 202519 Nov 2025 - Net income soared 88% as margins improved and free cash flow turned positive, despite lower revenue.CADUA
Q2 202518 Aug 2025 - Market leader in sustainable housing, driving growth in Quintana Roo and advancing ESG initiatives.CADUA
Investor Presentation19 Jun 2025 - Revenue and EBITDA rose in 3Q24, but net income and profitability declined.CADUA
Q3 202413 Jun 2025 - CADU excels in sustainable housing, market share, and financial growth in Mexico.CADUA
Corporate Presentation13 Jun 2025 - EBITDA rose 11.9% as affordable entry-level homes drove growth, but net income fell 30.3%.CADUA
Q2 202413 Jun 2025
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