Moura Dubeux Engenharia S.A., Northeast Brazils 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 companys 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.Moura Dubeux Reports 33% Profit Surge, Announces New Dividends.
(Photo Internet reproduction)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 GrowthThe 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 Jos 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 Dubeuxs strategic focus on different market segments positions it well for sustained growth in Northeast Brazils housing market.