EZTEC Empreendimentos e Participações S.A. (EZTC3) Q2 2026 earnings summary

Executive summary

• Achieved record first-half launches and net sales in 1H26, with R$1.698 billion in launches and R$1.275 billion in net sales, marking the highest in company history.

• Launch absorption rate reached 73.6% of net sales, with 49–68% of 2026 launch guidance already achieved by mid-year.

• Net revenue for 2Q26 was R$376.7 million, up 16.8% sequentially, driven by project deliveries and non-recurring gains.

• Gross margin for 2Q26 was 39.7%, with net income at R$110.4 million and a net margin of 29.3%.

• Board approved a new share buyback program and dividend distribution of R$26.2 million, payable August 28, 2026.

Financial highlights

• Consolidated net revenue for 1H26 was R$699.2 million, with 2Q26 net revenue at R$376.7 million, up 16.8% sequentially but down year-over-year.

• Gross profit for 1H26 was R$275 million, with a quarterly gross margin of 39.7% in 2Q26, up 1.0 p.p. from 1Q26.

• Net income for 1H26 totaled R$243.5 million, with 2Q26 net income at R$110.4 million and EPS of R$0.40.

• Net cash position at June 2026 was R$408.9 million (parent), R$1.4 million (consolidated), a significant improvement from net debt in 2Q25.

• Dividend distribution of R$27.6 million (R$0.10 per share) approved for H1 2026.

Outlook and guidance

• 2026 launch guidance maintained at R$2.5–3.5 billion in VGV/PSV, with 49–68% already achieved by mid-year.

• Management remains confident in meeting annual targets, supported by strong sales absorption and regional diversification in the São Paulo metropolitan area.

• Several major projects are scheduled for launch in the coming months.