In the release of its results for the second quarter of 2026 (2Q26), Lavvi (LAVV3) reported net income of R$ 83 million, with a net margin of 16.7%. Net revenue totaled R$ 495 million in the period, an increase of 3% compared to 2Q25 and 33% versus the previous quarter.
In the first half of 2026, net revenue reached R$ 868 million, growth of 6% year over year, while net income totaled R$ 152 million, a 26% drop compared to the same period in 2025. The net margin for the half‑year was 17.6%, a decrease of 7.6 percentage points on an annual basis.
The company reported an adjusted gross margin of 37.6% in 2Q26, 2.7 percentage points higher than 1Q26 and 1.3 percentage points above 2Q25. In the half‑year, adjusted gross margin was 36.4%, a reduction of 1.1 percentage points compared to the first half of 2025. Revenue from sales to be recognized (backlog) totaled R$ 3.1 billion, an increase of 21% versus 2Q25, with a gross margin to be recognized of 38.8%.
On the operational side, launches totaled R$ 1.4 billion in 2Q26, up 8% compared to 2Q25, while net sales came to R$ 875 million, growth of 12% in the same comparison. The sales‑over‑offer speed was 22% in the quarter and 50% in the last 12 months. Inventory stood at R$ 3.1 billion on a 100% basis, with 7.2% in completed units, and the landbank reached R$ 9.5 billion (R$ 6.9 billion attributable to Lavvi).
As of June 30, 2026, Lavvi’s net debt was R$ 525 million, equivalent to 30.6% of shareholders’ equity, and annualized return on equity (ROE) reached 24%. Adjusted cash flow indicated a consumption of R$ 28 million in the quarter, or generation of R$ 72 million when land acquisitions are excluded. As a subsequent event, the company reported payment of the third dividend installment, in the total amount of R$ 70 million, corresponding to R$ 0.35817654002 per share, with record date on February 2, 2026, ex‑dividend date on February 3, 2026 and payment scheduled for August 14, 2026.
