On Thursday, July 16, 2026, Lavvi Empreendimentos Imobiliários S.A. (LAVV3) released its preliminary operating results for the second quarter of 2026, reporting total net sales of R$ 875.2 million, of which R$ 760.9 million from the Lavvi brand and R$ 114.3 million from Novvo. In the same period, launches totaled R$ 1.4 billion in General Sales Value (VGV), or R$ 847.9 million in the company’s share (%Co), referring to the first phases of the Jardim da Hípica and Novvo Santa Marina projects.
In the first half of 2026, net sales in the company’s share reached R$ 794.5 million, compared to R$ 868.6 million in the same period of 2025. The sales speed (VSO, sales over supply) was 22% in the quarter and 50% in the last 12 months, with Novvo posting a VSO of 79% and Lavvi 45% in this 12-month period.
Jardim da Hípica, the largest development in Lavvi’s history, located in Santo Amaro (SP), has total potential VGV of approximately R$ 2.6 billion on a 100% basis. In the first phase, 1,093 units were put up for sale, with potential VGV of R$ 1.3 billion and a 60% stake held by Lavvi; the project, launched in April 2026, closed the quarter with R$ 565 million in sales, equivalent to 44% of the VGV launched, including R$ 80 million in 276 m² units brought forward from a future phase.
Novvo Santa Marina, an economic-segment development under the Novvo brand in Água Branca (SP), has potential VGV of around R$ 406 million on a 100% basis and will be developed on a 7,344 m² plot. In the first phase, 462 units were made available, with potential VGV of R$ 121 million and a 100% stake held by Lavvi; launched in April 2026, the project ended the quarter 51% sold in VGV.
The company reported cash burn of R$ 27.3 million in 2Q26, after disbursements of R$ 99.1 million for land acquisition, while on an ex-land basis there was cash generation of R$ 71.9 million in the quarter. At the end of June, inventory at market value totaled R$ 3.1 billion on a 100% basis (R$ 2.4 billion in %Co), with only 7.2% in completed units, and the landbank reached potential VGV of R$ 9.5 billion on a 100% basis, or R$ 6.9 billion in Lavvi’s stake, of which 21% related to Novvo.
