BTG keeps Buy rating for Cury stock on BRL 2.04 billion sales

Published on 10/21/2026 at 03:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter cash reached BRL 253.6 million, up 8.8 percent year over year. Cancellations hit BRL 358.2 million, a counterpoint for Cury stock in 2026.

Cury's operational balance

Third-quarter 2026 net sales reached BRL 2.04 billion, up 11.4 percent year over year.
Cash generation reached BRL 253.6 million in the third quarter of 2026, up 8.8 percent.
Cury is scheduled to publish third-quarter financial results on November 10, 2026.

Cury, BRCURYACNOR3, Illustration mit AI erstellt.

Cury Construtora e Incorporadora (BRCURYACNOR3) reported BRL 2.04 billion in consolidated net sales for the third quarter of 2026, an 11.4 percent increase from the same period of 2025. ADVFN reported the figures on October 9, 2026, including BRL 2.12 billion in launch value and BRL 253.6 million in operating cash generation.

Cash growth meets a credit risk

The cash result represented an 8.8 percent year-over-year increase and marked Cury's 30th consecutive quarter with positive cash generation. The company also reported BRL 1.80 billion in net sales attributable to Cury, up 10.7 percent from the third quarter of 2025.

The operating picture carried a clear counterweight. XP Investimentos wrote on October 13, 2026, that cancellations rose 59.3 percent year over year to BRL 358.2 million, while quarterly net sales speed reached 39.7 percent. The same report said production reached 6,304 units, up 28.4 percent year over year.

What does the cash mean for valuation?

EuQueroInvestir reported on October 9, 2026, that BTG Pactual maintained its Buy recommendation and highlighted BRL 254 million in free cash flow against a BRL 200 million projection. The report also cited a 59 percent increase in cancellations and a 13 percent year-over-year decline in receivables transfers to banks.

Three milestones define the trend

On July 8, 2026, a BTG Pactual analysis cited BRL 2.05 billion in second-quarter net sales, down 10 percent year over year. On August 12, 2026, the same research channel reported BRL 1.69 billion in second-quarter revenue, up 26 percent, and BRL 270.5 million in attributable net income, up 14 percent. On October 8, 2026, Cury released its third-quarter operational preview with BRL 2.04 billion in net sales and BRL 253.6 million in cash generation. BTG Pactual carried the July and August figures.

November brings the next test

TraderNews listed November 10, 2026, as the scheduled date for Cury's third-quarter financial results and November 11, 2026, for the results conference. Those releases should show how the operational cash figure translates into revenue, earnings, margins and debt.

Cury's primary listing is on B3 under ticker CURY3. The company operates in residential real estate development, with activity concentrated in the metropolitan regions of Sao Paulo and Rio de Janeiro.