The MRV ended the first quarter of 2025 with 81% increase in releases compared to the same period last year, totaling R $ 2.89 billion in General Sales Value (VGV), according to data published on Tuesday (15).
Sales rose 1.7%, totaling R $ 2.17 billion between January and March, with the volume impacted by a temporary lock on the transfers of regional programs.
According to the construction company, 1,400 units were not passed on in the quarter in some regional programs, especially those in the city of Manaus and the states of Ceará and Rio Grande do Sul, which are responsible for a R $ 320 million VGV.
“The cause of the problems has already been remedied and we expect the backlog regularization over the second quarter,” added the MRV & Co group in a statement about the operational preview.
According to the group’s chief financial officer, Ricardo Paixão, were it not for these bottlenecks, sales in their main operation would be close to the fourth quarter of last year of $ 2.6 billion.
The consumption of adjusted cash consumption in the period was R $ 48.3 million, against a generation of R $ 24.8 million a year earlier, impacted by the gap between the units produced and the units passed on in the quarter.
Disregarding these impacts, the segment would have calculated adjusted cash generation of R $ 61.7 million in the quarter, the CFO told Reuters.
The group also considered a new Caixa rule for the payments of the units of Minha Casa, Minha Vida (MCMV).
Caixa is the main carrier of the federal housing program, which underwent changes.
MRV has great MCMV exposure and will benefit from measures, according to the chief financial officer.
“It will have a very relevant impact, both of the increase in purchasing power of customers and reducing our credit grant,” he said, adding that the company’s “core” is in lanes 2 and 3.
The MRV stock framed in MCMV track 4 accounts for about 13% of the company’s total, said Passion, with a R $ 1.6 billion VGV.
Considering the bank of land, the distribution is 4.2% of the total, with a R $ 2.6 billion VGV.
“From track 4, we already have more things released, percentually speaking, than they have to launch. But the two added we have $ 4.2 billion available,” he said.
Resia
The US subsidiary of the MRV & CO group has ended the first quarter with a cash consumption of $ 59 million, from the burning of US $ 53.8 million a year earlier, without any alienation of assets at the beginning of the year.
According to Paixão, the company expects to sell in this quarter the Dallas West venture, located in the state of Texas and 96% leased, which is in advance negotiation.
“It has everything to go out still within the second quarter,” said the executive, also predicting the sale of some land during this period.
For the year, the resia also plans to sell the ventures Rayzor Ranch and Ten Oaks, both located in the state of Texas, and the Taxation, in the state of Georgia.
MRV & CO’s multifamily operation in the United States aims to sell $ 800 million in assets by the end of 2026.
Founder and Chairman of the Council of MRV Engenharia, businessman Rubens Menin is also a controller of Inter, Log Commercial Properties and CNN Brazil.
