On Wednesday, August 12, 2026, Plano & Plano Desenvolvimento Imobiliário (PLPL3) reported net income of R$ 67.3 million in the second quarter of 2026 (2Q26), an increase of 52.6% compared to 1Q26, with a net margin of 7.4%. Net revenue totaled R$ 914.8 million in 2Q26, up 23.9% versus 1Q26 and 16.7% compared with 2Q25.
In the period, Plano&Plano %net income was R$ 53 million, an increase of 29.8% over the previous quarter, while the Plano&Plano %net margin was 5.8%. Adjusted gross profit, including capitalized interest, totaled R$ 271.7 million, with an adjusted gross margin of 29.7%, 0.3 percentage point higher than in 1Q26.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 127.1 million in 2Q26, growth of 38.8% compared to 1Q26, with an adjusted EBITDA margin of 13.9%. Operating income reached R$ 102.7 million, with an operating margin of 11.2%, and financial result was a negative R$ 8.3 million. Income tax and social contribution totaled R$ 27.1 million in the quarter.
On the operations front, the company launched five projects in 2Q26, totaling 3,138 units and 100% PSV of R$ 826 million, and recorded 100% net sales of R$ 916.6 million, 8.9% above 1Q26. Net revenue from the Private Market was R$ 867.6 million and from the Public Market, R$ 47.1 million. The margin on results of future periods (REF margin) for the Private Market closed the quarter at 37.5%.
As of June 30, 2026, gross debt stood at R$ 1,047.5 million and cash, cash equivalents and restricted financial investments totaled R$ 884.3 million, resulting in net debt of R$ 163.2 million and a net debt/shareholders’ equity ratio of 13.4%. At the same period-end, the landbank totaled R$ 34.2 billion in potential PSV, with around 128 thousand units, and the company had 44,385 units under construction distributed across 66 construction sites.
