Business · Companies · 6 hrs ago
Tenda's third-quarter net profit fell 48.7% to 57.3 million reais
Brazilian homebuilder Tenda reported 57.3 million reais in third-quarter net profit, down 48.7% from the same period a year earlier.
The company’s results include accounting effects from swap contracts linked to its shares; without those effects, consolidated net profit would have been 106.4 million reais.
Tenda focuses mainly on lower-cost housing through Brazil’s Minha Casa Minha Vida program.
It said growth moderated after record results in the first half, citing factors including families falling behind on payments.
Revenue rose 10.5% to 1.25 billion reais, while adjusted operating profit rose 11.1% to 207.8 million reais, both below analysts’ average expectations.
Operating cash generation fell 28.5% to 82.4 million reais, and the company said its newest launches are focused on more profitable homes.
Tenda reported third-quarter net profit of 57.3 million reais, down 48.7% when accounting effects related to share-linked swap contracts are included.
The company said growth moderated after consecutive record results in the first half.
Excluding the accounting effects, consolidated net profit would have been 106.4 million reais, Tenda said.
Adjusted EBITDA rose 11.1% from a year earlier to 207.8 million reais, below analysts’ average estimate.
Net revenue increased 10.5% to 1.25 billion reais, while operating cash generation fell 28.5% to 82.4 million reais.
- Who
- Tenda, a construction company focused mainly on the affordable housing segment.
- What
- It reported third-quarter net profit of 57.3 million reais, down 48.7% including accounting effects related to share-linked swap contracts.
- When
- The third quarter. The results were published on November 4, 2026.
- Where
- Not stated.
- Why
- Tenda cited more moderate growth and factors including household defaults. It also cited a reduction in its TCD indicator.
This story does not have two clearly opposing sides.
Tenda said results reached consecutive records.
The company reported more moderate growth and net profit of 57.3 million reais.
- Net profit
- R$ 57.3 million, down 48.7%
- Profit excluding swap accounting effects
- R$ 106.4 million
- Adjusted EBITDA
- R$ 207.8 million, up 11.1% year on year
- Net revenue
- R$ 1.25 billion, up 10.5% year on year
- Operating cash generation
- R$ 82.4 million, down 28.5%
What people are saying
O terceiro trimestre marcou uma moderação no ritmo de crescimento dos resultados, após um primeiro semestre de recordes consecutivos
está mais próxima do limite inferior da faixa em que temos operado do que de um novo patamar, com recomposição gradual, acompanhando o mix de lançamentos e vendas