Moura Dubeux Engenharia S.A., Northeast Brazil’s leading real estate developer, reported a 33.2% increase in fourth-quarter profit to R$45 million ($7.9 million). The company released its financial results for Q4 and full-year 2024 yesterday through the Brazilian stock exchange.
Net revenue grew 30% year-over-year to R$367.7 million ($64.5 million), despite gross margin falling 4.1 percentage points to 31.5%. Adjusted EBITDA reached R$53.3 million ($9.4 million), representing 17.3% growth from the same period last year.
The company launched three new developments during the quarter with a potential General Sales Value of R$460 million ($80.7 million). Net sales and project memberships showed robust growth of 22.4% to R$520.7 million ($91.4 million).
For the full year 2024, Moura Dubeux achieved a record net profit of R$251.49 million ($44.1 million), soaring 61.3% compared to 2023. Annual revenue climbed 36.4% to R$1.57 billion ($275.4 million).
The company’s board approved a proposed additional dividend distribution of R$50 million ($8.8 million), equivalent to R$0.60 per share. Shareholders will vote on this proposal at the Annual General Meeting scheduled for April 24.
Throughout 2024, Moura Dubeux launched 14 projects with a combined General Sales Value of R$2.54 billion ($445.6 million), marking a 57.8% increase from 2023. Net sales and adhesions totaled R$2.39 billion ($419.1 million), up 61.2%.
Moura Dubeux Reports Increased Debt but Strong Growth
The company ended 2024 with net debt of R$106.8 million ($18.7 million), compared to R$36.6 million ($6.4 million) at the end of 2023. The leverage ratio rose to 7% from 2.7% a year earlier.
CEO Diego Villar expressed optimism about maintaining strong performance in 2025. Analysts forecast continued growth, with projected launches of approximately R$2.5-2.6 billion ($438.6-456.1 million).
Founded in 1983 by brothers Aluisio, Gustavo, and Marcos José Moura Dubeux, the company holds approximately 20% market share in its operating regions. Its business model spans traditional real estate development and closed-end condominium projects.
Moura Dubeux’s strategic focus on different market segments positions it well for sustained growth in Northeast Brazil’s housing market.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.