Cyrela (CYRE3) reported net income of R$ 452 million in the second quarter of 2026 (2Q26), up 16% compared to 2Q25, when profit was R$ 388 million. In the first six months of 2026 (6M26), net income totaled R$ 748 million, an increase of 5% versus the R$ 715 million in 6M25.
In 2Q26, Cyrela’s net revenue reached R$ 2,481 million, an increase of 18% over the R$ 2,107 million in 2Q25. In the half year, net revenue totaled R$ 4,506 million, 11% above the R$ 4,060 million recorded in 6M25.
The company reported gross profit of R$ 853 million in 2Q26, compared to R$ 690 million in 2Q25, with a gross margin of 34.4% in the quarter and 33.7% in 6M26, versus 32.7% in 2Q25 and 32.6% in 6M25.
Net margin was 18.2% in 2Q26, after 18.4% in 2Q25, and came to 16.6% in 6M26, versus 17.6% in 6M25. Return on Equity (ROE) for the last 12 months, measured as net income over average shareholders’ equity ex-minorities and AVJORA CashMe, reached 20.9%.
Cyrela also reported cash generation of R$ 272 million in 2Q26 and R$ 406 million in 6M26, both figures calculated before dividends and share buybacks. Leverage, measured as Adjusted Net Debt over Adjusted Shareholders’ Equity, stood at 16.5% at the end of 2Q26.
