MRV generates 456 million BRL in cash in third quarter

Brazilian homebuilder MRV&Co reported consolidated cash generation of 456 million BRL for the third quarter of 2026, according to operational preview figures published on October 8.

Net sales at core division MRV Incorporação climbed 29.6% year over year to 3,037 million BRL, driven by 11,015 units sold, an increase of 25.7%. The average ticket price of units sold rose 3.1% to 276 thousand BRL. The net sales-over-supply ratio reached 25.1%, compared with 23.3% in the second quarter of 2026 and 21.6% in the third quarter of 2025. Over the first nine months of 2026, cumulative net sales grew 15.2% to 8,255 million BRL from 7,168 million BRL a year earlier.

Launched potential sales value rose 12.4% year over year to 2,645 million BRL, with the average launched unit price edging up 0.7% to 284 thousand BRL. Production volume totaled 11,258 units during the period.

MRV Incorporação recorded an adjusted cash burn of 2.28 million BRL, improving from cash burn of 349 million BRL in the third quarter of 2025. Excluding swaps and CRI interest tied to the MRV US loan agreement, the unit generated 18.9 million BRL. Excluding receivables assignments and an estimated 80 million BRL negative transfer impact from a strike at Caixa Econômica Federal, cash generation reached 130 million BRL.

Across other units, Luggo generated 145.8 million BRL in cash, aided by a 437-unit portfolio divestment worth 166 million BRL with an estimated cash effect of 144 million BRL. Land development arm Urba generated 17.8 million BRL in cash, posting net sales of 85 million BRL and an average ticket price of 196 thousand BRL, up from 135 thousand BRL in the prior quarter.