LPS Brasil - Consultoria de Imóveis (LPSB3) Q2 2025 earnings summary

Executive summary

• The Brazilian real estate market in Q2 2025 remained strong in high-end and Minha Casa Minha Vida segments, but real estate financing volumes declined due to reduced funding and high interest rates.

• Net revenue reached R$51.2 million in 2Q25, up 13% year-over-year, and R$99.5 million in 1H25, up 20% year-over-year.

• EBITDA for 2Q25 was R$19.6 million (+12% YoY), with a margin of 38.3%.

• Net income attributable to controlling shareholders (ex-IFRS) was R$11.3 million in 2Q25, up 63% year-over-year; after IFRS, net income was R$15.6 million, up 105%.

• Total transaction volume closed was R$3.2 billion in 2Q25 (-7% YoY), but stable at R$6.0 billion for 1H25.

Financial highlights

• CrediPronto portfolio balance reached R$17.4 billion in 2Q25, up 13% YoY.

• CrediPronto financed R$855 million in contracts in 2Q25, with a 25% increase in contracts year-over-year.

• Cash and equivalents at end of 2Q25 were R$50.7 million, with total cash plus investments of R$70.6 million.

• Cash flow from operations was R$12.4 million in 2Q25.

• Dividend of R$10 million approved and paid in June 2025.

Outlook and guidance

• The company is closely monitoring economic and credit conditions, focusing on operational efficiency, digital transformation, and maintaining financial performance.