Plano&Plano (PLPL3) Reports Net Income of R$ 70.5 Million in 3Q26

Net revenue totaled R$ 872.6 million in the quarter, down 4.6% from 2Q26 and up 7.1% from 3Q25. Adjusted gross profit was R$ 263.8 million, with an adjusted gross margin of 30.2%, up 0.5 percentage point from 2Q26. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, adjusted for appropriated financial charges) came in at R$ 127.3 million, with a margin of 14.6%. EBIT (operating income) was R$ 100.4 million. In the first nine months of 2026, net income totaled R$ 182.0 million, down 34.8%, and net revenue reached R$ 2.5 billion, up 14.5%.

On the operational side, launches totaled R$ 1.1 billion in PSV (potential sales value), up 29.5% from 2Q26. Gross sales totaled R$ 1,035.6 million and net sales were R$ 775.3 million, down 15.4% from 2Q26. Cancellations reached R$ 260.4 million, equivalent to 25.1% of gross sales, compared with 8.2% in 3Q25. The company attributes the increase to growth in sales to informal-income customers, with cancellations concentrated in the third quarter. The company ended the period with a record 47,002 units under construction and a land bank of R$ 34.8 billion in potential PSV.

Gross debt was R$ 1,105.9 million at the end of 3Q26, and net debt was R$ 378.3 million, compared with R$ 163.2 million in 2Q26. The net debt-to-equity ratio rose from 13.4% to 29.5%, after operating cash burn of R$ 115.1 million and payment of R$ 100.0 million in dividends in the quarter. In October, the company raised R$ 150 million in debentures (debt securities) under the Eco Invest Brasil Program, with a five-year term. The company expects a gradual improvement in gross margin at the end of 2026 and in 2027, assuming current inflation conditions are maintained.