Cury: Pioneering in Real Estate and Navigating Economic Challenges

The construction company Cury has achieved notable successes over the past years, establishing itself as a leader in the real estate sector. With a history dating back to the 1960s, the firm initially focused on the credit lines of the National Housing Bank (BNH) and later implemented the Home Ownership Program (MCMV). In 2025, when the federal government accounted for nearly half of the units launched in the country, Cury recorded a gross revenue of R$ 5.4 billion and a net profit of R$ 1.1 billion. The company's stock debut on the Ibovespa was followed by a massive dividend distribution of R$ 1.4 billion. This success is not solely attributed to the housing program; Cury maintained robust financial control with low leverage due to the adoption of associative credit, which allows clients to obtain bank financing for construction projects. This strategy contributed significantly to increased investor confidence and the receipt of an AAA.br rating from Moody’s Brazil. However, Cury also faced challenges such as the high interest rate Selic, which reached 15% in 2025, affecting capital costs in the construction sector. Nonetheless, the company maintained a positive cash and equivalent balance (R$ 1.79 billion) higher than its gross debt (R$ 1.47 billion), maintaining a solid position amidst real estate market challenges. Cury's financial resilience serves as an example of how well-managed companies can navigate economic downturns successfully.