LPS Brasil - Consultoria de Imóveis (LPSB3) Q4 2025 earnings summary

Executive summary

• Navigated a challenging macroeconomic environment in 2025 with high interest rates and restricted real estate funding, focusing on profitability, cash preservation, and operational efficiency.

• Maintained leadership in real estate intermediation and financing, expanding presence in high-end and affordable housing segments, supported by government programs and franchise growth.

• Ended 2025 with 163 stores (148 franchises), reinforcing its network model and competitive position.

• Launched 144 projects totaling R$23.4 billion in PSV, brokered R$12.9 billion in sales, and CrediPronto financed R$4.5 billion in contracts.

• Net revenue reached R$203.1 million in 2025, up 6% year-over-year, with EBITDA of R$69.6 million (+8%) and net income attributable to controlling shareholders of R$44.2 million (+138%).

Financial highlights

• Net revenue grew 6% year-over-year to R$203.1 million, with EBITDA up 8% to R$69.6 million and margin at 34.2%.

• IFRS net profit totaled R$52.1 million, up 50.9%, and net income attributable to controlling shareholders rose 138% to R$44.2 million.

• CrediPronto profit sharing surged 57% to R$46.1 million, with portfolio balance up 10% to R$18.5 billion.

• Cash and cash equivalents at year-end were R$46.7 million, with R$30 million distributed as dividends.

• Operating cash generation was R$54.5 million, and year-end cash and financial investments totaled R$71.5 million.

Outlook and guidance

• Positive outlook for 2026, especially in the economic and high-end segments, with continued focus on franchise expansion, operational efficiency, and CrediPronto's growth.

• Monitoring interest rates and macroeconomic factors for potential impact on agreement pace and credit origination.