On Thursday, July 16, 2026, Plano&Plano Desenvolvimento Imobiliário (PLPL3) released its preliminary operating results for the second quarter of 2026, reporting that it launched five new projects in 2Q26, totaling 3,138 units and reaching a Gross Sales Value (VGV, the amount in R$ that can be obtained from the sale of the units) of R$ 826.0 million, a decline of 16.2% compared with 1Q26. In Plano&Plano’s share, PSV was R$ 781.4 million, down 5.9% versus the R$ 830.4 million in the previous quarter.
In the same period, the company reported 100% net sales of R$ 916.6 million in 2Q26, an increase of 8.9% compared with 1Q26 and 2.5% versus 2Q25, with 3,351 units sold, a volume 7.9% higher than in the same quarter of 2025. Net sales in Plano&Plano’s stake totaled R$ 828.3 million, growth of 4.1% compared with 1Q26 and 7.1% versus 2Q25, while the average selling price per unit was R$ 273.5 thousand, up 1.9% quarter over quarter.
In 2Q26, the average price of launched units was R$ 263.2 thousand, a decrease of 2.2% compared with 1Q26 and 27.2% versus the first six months of 2025, a movement attributed to the product mix, since 100% of launches in the quarter fell under Tier 2 of the Minha Casa Minha Vida housing program. The company also reported that 84.7% of 2Q26 launches took place in June, which affected the sales pipeline due to the short interval until the end of the quarter, and that, in the period, all net sales came from private market projects.
Considering the last 12 months to June 30, 2026, Plano&Plano reported compound growth in total contracted sales, including private and public market, of 30.8% per year, or 6.9% per quarter, accumulating an increase of 156.0% over 14 quarters. The Sales Over Supply (VSO, sales over supply) indicator reached 51.8% on June 30, 2026, an increase of 0.7 percentage point versus March 31, 2026 and 8.3 percentage points compared with December 31, 2022, influenced by public market launches with 100% of units sold in 2023 and 2024.
As of June 30, 2026, the PSV of inventory available for sale totaled R$ 3.828 billion, down 1.7% compared with March 31, 2026, with 11,490 units in inventory, a reduction of 2.3% in the period, 97.7% of which under construction. The company reported operating cash consumption of R$ 87.3 million in 2Q26, which rises to R$ 103.3 million when considering receivables assignment operations, impacted, among other factors, by approximately R$ 50 million in receivables still pending from the Pode Entrar program, expected for 2026, and about R$ 35 million in receivables from customers with informal income that should be converted into cash in the following quarter.
Plano&Plano’s land bank ended 2Q26 with 100% total sales potential of R$ 34.2 billion, corresponding to 128 thousand potential units and an area of 1.2 million m², with 93% of the number of plots and potential PSV located in the city of São Paulo. At the end of June 2026, the company had 66 construction sites and 44,385 units under construction, with an average of 673 units per site, compared with 567 units per site in 2Q25.
