On Tuesday, August 11, 2026, Helbor Empreendimentos (HBOR3) reported consolidated net income of R$ 5.3 million in the second quarter of 2026 (2Q26). In the period, net operating revenue totaled R$ 212.7 million, a decrease of 25.5% compared to 2Q25 and 38.6% versus 1Q26, while gross margin was 30.9%.
In the first half of 2026 (1H26), consolidated net income reached R$ 29.5 million, of which R$ 2.5 million was attributable to the parent company. Net operating revenue for the half-year was R$ 559.3 million, a drop of 4.4% compared to 1H25, and gross profit totaled R$ 165.5 million, with a gross margin of 29.6%.
Gross profit in 2Q26 was R$ 65.8 million, down 28.0% from the R$ 91.4 million in 2Q25 and 34.0% compared to 1Q26. Adjusted gross margin, which excludes certain financial effects, reached 48.1% in the quarter, an increase of 2.6 percentage points (p.p.) over 2Q25 and 8.4 p.p. versus 1Q26; in 1H26, this margin was 42.9%, 2.0 p.p. below 1H25.
The net financial result for 2Q26 was an expense of R$ 15.7 million, with financial income of R$ 8.3 million and financial expenses of R$ 24.0 million. In the half-year, net financial expense totaled R$ 30.3 million. Equity income was R$ 12.7 million in 2Q26, up 53.6% compared to 2Q25, and R$ 24.0 million in 1H26, in line with the same period of 2025.
At the end of 2Q26, Helbor reported consolidated gross debt of R$ 2,011.5 million, an increase of 7.9% compared to year-end 2025, and cash and equivalents of R$ 238.5 million, resulting in net debt of R$ 1,773.0 million, equivalent to 62.6% of consolidated shareholders’ equity. Gross revenue to be recognized, mainly related to projects under development and recognized under the PoC (Percentage of Completion) method, totaled R$ 786.5 million, with gross margin to be recognized of 28.3%.
