Tecnisa SA (BSP:TCSA3)
R$ 1.8 +0.040 (+2.27%) Market Cap: 132.51 Mil Enterprise Value: 585.63 Mil PE Ratio: 0 PB Ratio: 0.35 GF Score: 55/100

Q1 2025 Tecnisa SA Earnings Call (English, Portuguese) Transcript

May 16, 2025 / 01:00PM GMT
Release Date Price: R$1.26

Key Points

Positve
  • Tecnisa SA (BSP:TCSA3) reported a backlog gross profit of BRL192 million, marking a 7% increase over the first quarter of 2024.
  • The company achieved an adjusted cash generation of BRL45 million in the first quarter of 2025, indicating strong cash flow management.
  • Tecnisa SA has maintained a solid landbank valued at BRL2.7 billion, supporting future business plans and growth.
  • The company has been recognized with the GPTW seal for the third consecutive year, highlighting a healthy work environment.
  • Tecnisa SA's adjusted gross margin increased to 31% in the first quarter of 2025, showing improvement from the previous year.
Negative
  • Tecnisa SA reported a net loss of BRL8 million in the first quarter of 2025, although this is an improvement from previous quarters.
  • Gross sales in the first quarter of 2025 were BRL83 million, reflecting a reduction compared to previous quarters.
  • Net sales were below BRL67 million, with cancellations due to unit changes impacting overall sales figures.
  • The company's net debt stands at BRL510 million, despite a reduction from the previous quarter.
  • Receivables are projected to be lower than debt from 2027 onwards, which could pose future financial challenges.
Leonardo Furlan
Tecnisa SA - Executive Financial Manager

Good morning, everyone. Welcome to Tecnisa's first quarter of 2025 earnings conference call. Today with us, we have Mr. Fernando Perez, Chief Executive Officer; and Mr. Anderson Hiraoka, CFO and Investor Relations Officer of the company.

I'm Leonardo Furlan, Executive Financial Manager and we inform you that the recording of this event will be the company's IR website. As usual, we will start with the presentation by the executives and then move on to the Q&A session. If you need support please send a message via chatbox.

Now I would like to turn the floor over to Mr. Fernando Perez, who will start his presentation.

Fernando Tadeu Perez
Tecnisa SA - Chief Executive Officer, Member of the Executive Board

Good morning, everyone. Welcome. We are going to share some information about the first quarter as Leonardo has informed. Today, we will discuss strategy, operating performance, financial and economic performance. I'll start with strategy, and then I'll ask Anderson to walk you

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