Helbor Empreendimentos SA
BOVESPA:HBOR3
Helbor Empreendimentos SA
Helbor Empreendimentos SA engages in the development of real estate properties. The company is headquartered in Mogi Das Cruzes, Sao Paulo. The company went IPO on 2007-10-29. The firm is principally engaged in the development, acquisition, sale and management of residential and commercial real estate properties. The firm is presented in the domestic market in around ten states and the Federal District, covering approximately 31 Brazilian cities. The firm operates through a numerous subsidiaries, including SCP Helbor Resort Reserva do Mar, SCP Helbor Tendence, SCP Howa, SCP Coral Gables, SPE Capital Federal Investimentos Imobiliarios Ltda, SCP Edificio Helbor Home Flex Gonzaga and SCP Helbor Reserva do Itapety, among others.
Helbor Empreendimentos SA engages in the development of real estate properties. The company is headquartered in Mogi Das Cruzes, Sao Paulo. The company went IPO on 2007-10-29. The firm is principally engaged in the development, acquisition, sale and management of residential and commercial real estate properties. The firm is presented in the domestic market in around ten states and the Federal District, covering approximately 31 Brazilian cities. The firm operates through a numerous subsidiaries, including SCP Helbor Resort Reserva do Mar, SCP Helbor Tendence, SCP Howa, SCP Coral Gables, SPE Capital Federal Investimentos Imobiliarios Ltda, SCP Edificio Helbor Home Flex Gonzaga and SCP Helbor Reserva do Itapety, among others.
Revenue Drop: Net revenue fell significantly in Q3 2025, down 32.9% year-over-year and 18% quarter-over-quarter, due to a higher share of recent launches where revenue recognition is delayed.
Sales Momentum: Gross sales for the quarter were BRL 479 million, a 3% decrease year-over-year, but year-to-date gross sales rose 6.5% to BRL 1.6 billion.
Project Activity: Three new projects launched and three delivered in Q3, maintaining a high sales velocity and strong inventory management.
Margin Stability: Gross margin remained stable at 30.4% in Q3, with management targeting 30–35% margins in upcoming launches.
Deleveraging Focus: Net debt was reduced to 54.5% of equity, with management reiterating its commitment to further deleveraging through asset sales and project deliveries.
Land Sales & Strategy: Two non-strategic land plots sold in Q3, with more sales possible before year-end as part of an ongoing portfolio optimization.
