In the release of results for the second quarter of 2026 (2Q26), Melnick (MELK3) reported net income of R$ 34 million, with a net margin of 18.6%. Net revenue for the period totaled R$ 271 million.
In the same quarter, gross profit was R$ 67 million, resulting in a gross margin ex-financing of 30.9%, an increase of 1.1 percentage point compared to 2Q25. In the first half of 2026 (6M26), net revenue reached R$ 591 million, gross profit R$ 145 million and net income R$ 59 million, with a net margin of 14.6%.
In launches, the company recorded net PSV of R$ 115 million in 2Q26, referring to the second phase of the Square Garden project in Porto Alegre, totaling R$ 328 million in launches in 6M26. Net sales reached R$ 108 million in the quarter and R$ 408 million in the half-year, amounts calculated based on Melnick’s stake.
Melnick ended 2Q26 with a cash position of R$ 326.4 million and gross debt of R$ 818.3 million, resulting in net debt of R$ 491.9 million. The net debt-to-equity ratio stood at 40.3%, considering equity of R$ 1,220.9 million.
The company’s total landbank in 2Q26 is R$ 4.6 billion in total PSV, of which R$ 3.2 billion is potential PSV based on Melnick’s stake, spread across 26 plots or phases. Of this amount, 24% of the projects are already approved, with potential PSV of R$ 782 million.
