JHSF Participacoes SA
BOVESPA:JHSF3
JHSF Participacoes SA
JHSF Participações SA operates as a holding company. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2007-04-12. The Company’s activities are divided into four business segments: Real Estate Development, involved in in the development, construction, purchase and sale, as well as lease of residential and commercial properties; Recurring Income, focused on development, administration and operation of shopping centers; Hospitality and Gastronomy, engaged in the operation of hotels, restaurants and bars; and Executive Airport, involved in the operation of Sao Paulo Catarina Executive Airport. The firm operates through a number of subsidiaries, including JHSF Incorporacoes Ltda, Polonia Incorporacoes Ltda, Boa Vista de Desenvolvimento Imobiliario e Servicos de Concierge Ltda and Aveiro Incorporacoes Ltda, among others.
JHSF Participações SA operates as a holding company. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2007-04-12. The Company’s activities are divided into four business segments: Real Estate Development, involved in in the development, construction, purchase and sale, as well as lease of residential and commercial properties; Recurring Income, focused on development, administration and operation of shopping centers; Hospitality and Gastronomy, engaged in the operation of hotels, restaurants and bars; and Executive Airport, involved in the operation of Sao Paulo Catarina Executive Airport. The firm operates through a number of subsidiaries, including JHSF Incorporacoes Ltda, Polonia Incorporacoes Ltda, Boa Vista de Desenvolvimento Imobiliario e Servicos de Concierge Ltda and Aveiro Incorporacoes Ltda, among others.
Record Growth: JHSF reported record results in Q3 2025, with strong growth in both development and recurring income segments.
Revenue Surge: Gross revenue grew 38% in Q3 and 33% year-to-date, reaching BRL 1 billion.
Profit Acceleration: Net profit rose 118% year-to-date to BRL 890 million; Q3 net income increased 43% to BRL 795 million.
Recurring Income Strength: All recurring income businesses — malls, hotels, airport, and residences — posted double- or triple-digit growth and historical highs.
Solid Capital Structure: Debt cost and duration improved, with net debt/EBITDA at 1.88x and five years of cash coverage.
Major Pipeline: Multiple new projects and expansions are underway, including new malls, exclusive clubs, hotels, and airport expansions.
Dividend Decision Pending: No final decision has been made on dividends for next year; updates to be announced.
