On Thursday, August 6, 2026, Eztec (EZTC3) reported net income of R$ 110.4 mn in the second quarter of 2026 (2Q26), with a net margin of 29.3%, attributable to controlling shareholders. In the same period, net revenue came to R$ 376.7 mn, an increase of 16.8% compared with 1Q26, driven by project deliveries, the lifting of a suspensive clause, recognition of construction cost savings, and a land sale.
The company reported gross profit of R$ 149.6 mn in 2Q26, with a gross margin of 39.7%, 1 percentage point above 1Q26. Net financial result was R$ 67.4 mn, up 31.2% versus the previous quarter and 98.1% versus 2Q25, supported by higher returns on financial investments and interest on customer receivables. EBITDA (earnings before interest, taxes, depreciation and amortization) is not disclosed explicitly in the document, but EBIT reached R$ 59.4 mn in the quarter.
In the first half of 2026 (1H26), net revenue reached R$ 699.2 mn, down 8.1% compared with 1H25, while net income totaled R$ 230.1 mn, a 1.7% drop in the same comparison. Gross margin was 39.3% in the half and net margin stood at 32.9%. The financial result for the half totaled R$ 118.7 mn, an increase of 68.7% versus 1H25.
In terms of capital structure, Eztec closed 2Q26 with a net cash position of R$ 1.4 mn, compared with net debt of R$ 337.9 mn in 2Q25, and cash and cash equivalents (cash and financial investments) of R$ 1.79 bn. Net cash generation (consumption) in the quarter was negative at R$ 5.5 mn, impacted by the payment of R$ 28.4 mn in dividends, while operating cash flow in 1H26 was positive at R$ 160.7 mn.
On the operational front, the company reported that 1H26 was the best first half in its history in terms of launches and sales, with launch Gross Development Value (GDV) of R$ 1.6977 bn (%EZ) and net sales of R$ 1.2746 bn. In 2Q26 alone, launches totaled R$ 773 mn (%EZ) and net sales R$ 577.6 mn, with a net sales speed (VSO) of 14.8% in the quarter and 42.6% over the last 12 months. Total inventory reached R$ 3.313 bn in GDV (%EZ) and the land bank came to R$ 9.0 bn in GDV (%EZ).
Eztec maintained its 2026 launch guidance between R$ 2.5 bn and R$ 3.5 bn in GDV, having already achieved between 49% and 68% of this range with the R$ 1.6977 bn launched in 1H26. Management also reported that the board of directors approved the distribution of approximately R$ 26.2 mn in dividends, equivalent to around R$ 0.09 per share, with payment scheduled for August 28, 2026, and approved a new share buyback program with a term of up to 18 months, in addition to the cancellation of treasury shares.
