Lavvi stock: Q3 revenue rises 28% as net income falls 13%

Lavvi reported a mixed third quarter on November 4, 2026, with revenue growth offset by weaker profit. According to UOL, net income fell 13% year over year to BRL 90.7 million, while net revenue rose 28% to BRL 531.9 million.

Revenue growth meets profit pressure

Adjusted EBITDA increased 15% to BRL 143.3 million. The adjusted EBITDA margin, however, declined 3.1 percentage points to 26.9%, showing that higher revenue did not translate into stronger operating profitability.

Lavvi said lower equity income, higher interest expenses on loans and real estate receivables certificates, and a larger contribution from minority interests weighed on earnings. Net debt reached BRL 583.2 million at the end of September, according to the UOL report.

Dividend date adds near-term focus

The company also set November 13, 2026, for the fourth installment of its interim dividend program. The planned payment totals BRL 70 million. For investors, the result leaves revenue momentum to weigh against lower profitability and higher leverage.

Brazilian residential development profile

Lavvi develops and builds residential and non-residential properties primarily in Brazil under the Lavvi and Novvo brands. The company was incorporated in 2016 and is headquartered in Sao Paulo, according to its Investing.com company profile.

Lavvi operates within the listed Brazilian real estate developer group that includes Cyrela Brazil Realty, Moura Dubeux and Plano & Plano. Its two-brand structure gives it a focused position within the residential property market rather than the broadest possible sector footprint.

Brazilian stocks remain the relevant market backdrop for Lavvi investors; see current Bovespa market reports.

More company developments are available in more news and analyses on Lavvi stock.