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EZTEC Empreendimentos e Participações S.A. (EZTC3) investor relations material
EZTEC Empreendimentos e Participações S.A. Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Achieved record net income of R$183 million in 3Q25, the highest quarterly result since 2017, with net margin at 39% and strong sales performance in mid and upper-mid income segments.
Surpassed full-year net income of the past three years within the first nine months of 2025, with accumulated net income of R$417 million.
Recorded the largest sales and launch volumes in company history for both the quarter and nine-month period, with over BRL 2 billion in launches.
Operational efficiency, strategic land acquisitions, and construction cost savings contributed to high gross margins and significant construction economies.
Management emphasized ongoing modernization, innovation, and a diversified segment approach to ensure resilience and growth.
Financial highlights
Net revenue for 3Q25 reached R$469.4 million, up 4.5% sequentially; 9M25 net revenue was R$1,230 million, up 18% year-over-year.
Gross profit for 3Q25 was R$209.7 million, with gross margin at 44.7%, up 10.7 p.p. year-over-year.
Net profit for 3Q25 was R$183.5 million, up 38.4% year-over-year; 9M25 net profit was R$417 million, up 50% year-over-year.
Cash generation in 9M25 was R$197 million at the holding, with net debt reduced to R$165 million and consolidated cash position at R$1.2 billion.
Dividends for 3Q25 totaled R$220 million (near R$1.00 per share), to be paid in two installments in November and December 2025.
Outlook and guidance
Management expects continued strong performance, especially if interest rates decline, with a robust pipeline and new launches such as Reserva São Caetano Bosque and Mooca Cittá - Torino.
2025 launches and sales volumes are approaching full-year 2024 levels, with 52% of 2025 launches already sold.
New deliveries of R$710 million expected in 4Q25, aiming for R$2.6 billion in annual deliveries, with 76% of units already sold.
Landbank remains robust at R$10.7 billion in PSV, supporting future growth.
Focus remains on mid and upper-mid income segments, leveraging a strategic land bank for future launches.
Explain temporary cost savings impact on GM
Rationale for low-end segment re-entry
Key drivers of additional value per share
Drivers da margem bruta sustentável de 40%?
Estratégia de mix de produtos e segmentos?
Alocação de capital: dividendos vs. crescimento?
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Next EZTEC Empreendimentos e Participações S.A. earnings date
Q4 202513 Mar, 2026
Next EZTEC Empreendimentos e Participações S.A. earnings date
Q4 202513 Mar, 2026
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Frequently asked questions
EZTEC Empreendimentos e Participações S.A is active in the real estate development sector in Brazil. Founded in 1979, the company specializes in a comprehensive range of activities crucial to real estate development. These include land acquisition and subdivision, project development, construction of buildings, and their subsequent sale. Moreover, EZTEC extends its expertise to the management and leasing of its properties. It also offers a variety of services related to civil engineering operations, encompassing supervision, research, projecting, and other technical services. The company is adept at catering to a diverse clientele through two primary business segments: Commercial, focusing on the development of office buildings, and Residential, dedicated to creating housing projects for low, middle, and high-income customers. The company is headquartered in São Paulo, Brazil, and its shares are listed on the BOVESPA.
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