Cury Construtora e Incorporadora (CURY3) Q1 2026 earnings summary

Executive summary

• Achieved record net revenue of BRL 1.6 billion in Q1 2026, up 32.6% year-over-year, and net income of BRL 351.2 million, up 50.3% year-over-year, with ROE reaching a historic 79.5%.

• Maintained positive cash generation for the 28th consecutive quarter, with BRL 93.4 million generated in Q1 2026.

• Introduced a new executive leadership structure and celebrated 63 years of operations.

• Focused on operational efficiency, resilience, and navigating complex geopolitical and market scenarios.

• Strong operational momentum with record launches and net sales.

Financial highlights

• Net revenue reached BRL 1.6 billion in Q1 2026, up 32.6% year-over-year.

• Net income from operations was BRL 351.2 million, up 50.3% year-over-year, with a net margin of 21.8%.

• Attributable net income was BRL 302.9 million, up 41.9% year-over-year, with a margin of 18.8%.

• Operating cash flow was BRL 93.4 million, marking the 28th consecutive quarter of positive cash generation.

• ROE reached a record 79.5%, up 12.0 p.p. from Q1 2025.

Outlook and guidance

• Expansion of the Minha Casa, Minha Vida program is expected to increase eligible families and support future results.

• Management remains confident in continued growth, operational excellence, and resilience amid market uncertainties.

• Strong sales momentum with high sell-through rates on new launches.

• Dividend payout policy remains unchanged, with BRL 300 million already announced for the year.