Moura Dubeux 2Q26 net income rises 44.6% to R$ 173.94 million

• Moura Dubeux posted 2Q26 net income of R$ 173.94 million, up 44.6% year over year; net margin widened 5.7 percentage points to 23.8%.
• Net revenue rose 10% from 2Q25 to R$ 731.13 million, as results reflected stronger contribution from the condominium model.
• Adjusted EBITDA climbed 34.7% year over year to R$ 178.85 million; the adjusted margin increased 4.5 percentage points to 24.5%.
• Net debt fell 32.6% from 1Q26 to R$ 56.35 million, taking net debt-to-equity down 1.5 percentage points to 2.5%.
• Management highlighted record quarterly profit, citing recognition of land commercialization fees from Casa Macedo, Moura Dubeux Plaza, and Salvador 220.

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