Operational
Preview 1Q25
Perspective | Fachade | Agami Park Residences
Highlights:
- With two new projects, launches in 1Q25 totaled R$616 million in PSV, a volume 2.3x higher than in 4Q24;
- Projects launched in the quarter are 30% sold, with SP 360º standing out for reaching this level in less than one month;
- Net sales in 1Q25 are approximately 30% higher than those recorded in 1Q24;
Operational Preview 1Q25
Sales
The Company began 2025 with consistent commercial performance, despite occasional fluctuations in some indicators compared to the previous quarter. Net sales from new launches grew 70% versus 4Q24, reflecting strong market acceptance of the new projects. Cancellations dropped 45% during the period, contributing positively to sales quality. Gross sales declined 8% compared to the previous quarter, while Net SoS remained virtually stable, with a slight decrease of 0.5 p.p., reaching 40% on a 12-month accumulated basis
- an increase of 0.8 p.p. compared to the previous quarter.
1Q25 | |
Gross Sales (R$ million PSV) | 421,917 |
Average price per unit (R$ thousand) | 727,442 |
4Q24 | %Var | 1Q24 | %Var | 1Q25 |
460,796 | -8.4% | 322,978 | 30.6% | 421,917 |
839,337 | -13.3% | 651,165 | 11.7% | 727,442 |
1Q24 | %Var |
322,978 | 30.6% |
651,165 | 11.7% |
Gross SoS (%) | 13.3% | 14.6% | -1.3 p.p | 9.6% | 3.7 p.p | 13.3% | 9.6% | 3.7 p.p |
Gross SoS - Launch (%) | 24.9% | 26.3% | -1.4 p.p | 18.7% | 6.2 p.p | 24.9% | 18.7% | 6.2 p.p |
Gross SoS - Inventory (%) | 9.3% | 12.5% | -3.2 p.p | 7.8% | 1.5 p.p | 9.3% | 7.8% | 1.5 p.p |
Cancellations (R$ million) | 36,816 |
66,566 | -44,7% | 30,773 | 19,6% | 36,816 |
30,773 19,6%
Net Sales (R$ million PSV) 385,100
394,230 -2.3% 292,205 31.8% 385,100
292,205 31.8%
Launch 202,014
118,596 | 70.3% | 104,150 | 94.0% | 202,014 |
104,150 94.0%
Performed | 57,920 | 99,321 | -41.7% | 49,678 | 16.6% | 57,920 | 49,678 | 16.6% |
Under Construction | 125,166 | 176,312 | -29.0% | 138,376 | -9.5% | 125,166 | 138,376 | -9.5% |
# units sold | 553 | 540 | 2.4% | 490 | 12.9% | 553 | 490 | 12.9% |
Cancellations / Gross Sales | 8.7% | 14.4% | -5.7 p.p | 9.5% | -0.8 p.p | 8.7% | 9.5% | -0.8 p.p |
Net SoS (%) | 12.3% | 12.8% | -0.5 p.p | 8.8% | 3.5 p.p | 12.3% | 8.8% | 3.5 p.p |
Net SoS LTM (%) | 39.5% |
38.7% | 0.8 p.p | 28.4% | 11.1 p.p | 39.5% |
28.4% | 11.1 p.p |
Gross Sales Description (1Q25)
R$ million
Evolution of Gross Sales status (1Q25)
R$ million
High end | 13 | 99 |
Middle-high | 6 | 40 |
end | ||
Medium end | 231 | 1 |
Smart-living | 13 9 | |
1 |
86
Performed
112
Under
construction
67
115
64
151
216
155
Low end 11 7 |
Performed
Under construction
Lauches
205
1Q25
130
Commercial | 1 |
Lauches
105
4Q24
1Q24
Operational Preview 1Q25
Inventory
The Company ended the first quarter with an inventory of R$ 2.7 billion. Of this total, 52% refers to projects under construction. The period was marked by an increase in inventory from new launches, reflecting the Company's stronger appetite for new projects, and a reduction in under construction inventory, as a result of commercial efforts focused on recently launched developments that already have active construction sites.
1Q25 | 4Q24 | %Var | 1Q24 | %Var | |
Inventory %Eztec (R$ million PSV) | 2,742 | 2,686 | 2.1% | 3,025 | -9.4% |
Launch Inventory (PSV) | 618,1 |
365,1 | 69.3% | 455,4 | 35.7% |
Launch Inventory (units) | 1046 | 735 | 42.3% | 560 | 86.8% |
% Total (PSV) | 22.5% | 13.6% | 9.0 p.p | 15,1% | 7.5 p.p |
Under Construction Inventory (PSV) | 1,426,4 | 1,703,4 | -16.3% | 1,750,0 | -18.5% |
Under Construction Inventory (units) | 1,213 | 1,312 | -7.5% | 1,807 | -32.9% |
% Total (PSV) | 52.0% | 63.4% | -11.4 p.p | 57,9% | -5.8 p.p |
Performed (VGV) | 696,9 | 617,4 | 12.9% | 819,3 | -14.9% |
Performed Inventory (units) | 724 | 650 | 11.4% | 813 | -10.9% |
% Total (PSV) | 25.4% |
23.0% | 2.4 p.p | 27,1% | -1.7 p.p |
Empreendimento | Status |
Dream View Sky Resort | Performed* |
Pin Osasco - 2nd Phase | Performed* |
Lindenberg Ibirapuera - Art Tower | Under construction |
55% of the inventory is high-end residential
PSV of inventory by standard - %EZTEC
R$ million
Lindenberg Ibirapuera - Design Tower | Under construction |
Arkadio | Under construction |
Unique Green - 1st Phase | Under construction |
Unique Green - 2nd Phase | Under construction |
Exalt | Under construction |
Expression | Under construction |
Hub Brooklin | Under construction |
Haute Brooklin | Under construction |
Park Avenue | Under construction |
Chanés Street | Under construction |
High-End
Middle High-End
Smart Living
Middle-End
Commercial
Low-End
1.497
563
255
225
113
89
Jota Vila Mariana | Under construction |
East Blue | Under construction |
Lindenberg Alto de Pinheiros | Under construction |
Mooca Città - Firenze | Under construction* |
Mooca Città - Milano | Under construction* |
Lindenberg Vista Brooklin | Under construction |
Brooklin Studios by Lindenberg | Under construction |
Villares Parada Inglesa | Under construction* |
Lindenberg Alto das Nações | Under construction |
DOT.230 | Launch |
Connect João Dias | Launch |
Lindenberg Reserva Paraíso | Launch |
Agami Park Residences | Launch |
SP 360º | Launch |
*In red are the projects that changed category in this quarter | |
83% of the Inventory under construction is in the South Zone
PSV of Inventory by region - %EZTEC
R$ million
South Zone | 401 | 1.182 | 575 | ||||
East Zone | 173 135 | ||||||
West Zone | 19 | 43 | |||||
106 | |||||||
Guarulhos | 82 | ||||||
Osasco | 10 | Performed | |||||
Under Construction | |||||||
Others | 11 | Launches | |||||