Q2 2025 Cyrela Brazil Realty SA Empreendimentos e Participacoes Earnings Call Transcript

Aug 15, 2025 / 02:00 PM GMT

Release Date Price: $4.8 (+9.09%)

Transcript

Key Points

Positve

Cyrela Brazil Realty SA Empreend e Part (CYRBY) launched 17 projects in Q2 2025 with a PSV of 2.9 billion, contributing to a 180% increase in launches year-on-year.
Contracted sales reached 2.2 billion in the quarter, marking a 31% increase year-on-year, with year-to-date sales totaling 4.4 billion, a 32% growth year-on-year.
The company's net revenue for Q2 2025 was 2.1 billion, with a gross margin of 32.7% and net income of 3,188 million, all higher year-on-year.
Cyrela Brazil Realty SA Empreend e Part (CYRBY) maintained a conservative net debt to equity ratio of 12.7%, indicating a solid capital structure.
The company's return on equity (ROE) for the last 12 months was 19.5%, reflecting continued growth and profitability.

Negative

The company experienced a high cash consumption of 392 million in Q2 2025, compared to a cash consumption of 61 million in Q2 2024.
Net income for the quarter was 88 million, which is lower compared to 412 million in the previous quarter.
The company's gross margin was slightly lower than the previous year, despite being slightly higher than the last quarter.
There was a significant increase in expenses on landlots, with 480 million spent in the quarter, the highest in two years.
The conversion of inventory into cash was slower than expected, impacting the company's cash position negatively.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CYRE3.SA - Cyrela Brazil Realty SA Empreendimentos e Participacoes
Q2 2025 Cyrela Brazil Realty SA Empreendimentos e Participacoes Earnings Call
Aug 15, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen.

Welcome to Cyella Brazil Realty SA's 2nd quarter, 2025 results conference call.

With us today we have Mr. Raphael Horn, CEO, and Mr. Miguel Mickelberg, CFO and IRO.

This call is being recorded and simultaneously translated into English.

You can hear the translation by clicking the interpretation button.

To those listening to the English translation, you can mute the original audio by clicking mute original audio.

Also, you can find the slide deck in English on the company's investor relations website at www.ri.yella.com WR.

During the company's presentation, all

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