Cury stock reports 25.5 percent second quarter revenue growth

Published on 10/07/2026 at 05:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cury stock traded at BRL 30.04 on October 6, 2026, while Goldman Sachs kept a BRL 43 target. Adjusted gross margin reached 39.8 percent and cash generation was BRL 144.9 million.

Cury, BRCURYACNOR3, Illustration mit AI erstellt.

Cury (BRCURYACNOR3) reported BRL 1.691 billion in net revenue for 2Q26, an increase of 25.5 percent from 2Q25. The result keeps operating performance at the center of the investment case, even as Brazilian low-income housing faces tighter credit conditions.

Revenue grows while cash stays positive

According to BTG Pactual in its September 30, 2026 research update, Cury's net income attributable to the company reached BRL 270.5 million in 2Q26, up 14.3 percent year over year. Adjusted gross margin stood at 39.8 percent, while quarterly cash generation reached BRL 144.9 million.

The cash figure matters because it marked the 29th consecutive quarter of positive cash flow, according to Valor in a report published on September 8, 2026. For investors, the combination of revenue growth and recurring cash generation is more important than revenue alone because it supports dividends and limits reliance on additional borrowing.

Credit conditions remain the risk

The main counter-factor is the financing environment around Minha Casa, Minha Vida. InfoMoney reported on October 1, 2026 that Goldman Sachs kept Cury's price target at BRL 43 while reducing projections for several low-income homebuilders. The report said Cury was relatively protected because its exposure is concentrated in higher income groups within the housing program.

The same report described a temporary operational disruption from a Caixa Econômica Federal strike that lasted from September 10 to September 29, 2026. It also highlighted credit quality as the longer-term variable, particularly for lower-income borrowers in São Paulo and Rio de Janeiro.

Stock remains below yearly high

Cury stock was last at BRL 30.04 on B3 on October 6, 2026. The share price sits between a 52-week low of BRL 26.63 and a 52-week high of BRL 41.76, while market capitalization stood at BRL 9.5 billion as of October 6, 2026.

The valuation discussion therefore depends on whether strong execution can offset slower credit approvals and sales velocity. Cury's 2Q26 revenue growth, BRL 270.5 million in net income and BRL 144.9 million in cash generation give the stock a measurable operating cushion, but the next results will show how financing conditions affect that cushion.