{
  "id": 817964,
  "title": "At JHSF, another record quarter. The goal now is to triple EBITDA in 3 years",
  "url": "https://urgent.news/2026/08/13/na-jhsf-outro-tri-recorde-a-meta-agora-e-triplicar-o-ebitda-em-3-anos",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-13T22:31:44.000Z",
  "source": {
    "name": "Brazil Journal",
    "slug": "brazil-journal",
    "url": "https://braziljournal.com/na-jhsf-outro-tri-recorde-a-meta-agora-e-triplicar-o-ebitda-em-3-anos/"
  },
  "original_language": "pt",
  "account": "JHSF reported yet another quarter with record revenue and profit across all its business lines, and CEO Augusto Martins said the company's goal is to almost triple its EBITDA in three years – going from the current BRL 730 million in the last twelve months to over BRL 2 billion, a 2.7x growth. “This growth will come from the expansion we're doing in all our five verticals,” the CEO told Brazil Journal. “These are deliveries that we'll make over the next three years, many in 2026 and 2027, and some in 2028. By the end of these deliveries, we project reaching that value.” The EBITDA expansion considers deliveries and acquisitions that have already been made – and will mature in the coming years – and others under construction.\n\nIn shopping malls, the account includes CJ Village Boa Vista, inaugurated in May; the expansion of Cidade Jardim, which is underway; and the construction of CJ Faria Lima. In hospitality and gastronomy, JHSF has 10 new hotels delivered recently or under construction, in addition to 12 new restaurants. In the airport vertical, there are 8 new hangars at Catarina, an expansion of the yard area, and the acquisition of a terminal in Miami, closed a month ago and which will start to positively impact the result from the third quarter.\n\nIn rental residences and clubs, JHSF said 56 new rental properties are expected to come into operation soon, as they are in the final stage of construction, while another 76 units are in the development phase. There is also the construction of a new social club in Faria Lima – whose name is still kept secret – which is expected to be ready in 2028, in addition to the ramp-up of the Fasano Tennis Club, which is already in operation.\n\nFinally, the company projects new fundraising at JHSF Capital, with a goal of going from BRL 12 billion in AUM to around BRL 20 billion. The CEO said JHSF has a “very solid” capital structure “that allows us to carry out this expansion plan without major shocks.”\n\nThe company led by José Auriemo Neto closed the second quarter with a net cash position of BRL 1.2 billion – considering a gross debt of BRL 6.2 billion, a cash balance of BRL 4.4 billion and accounts receivable of BRL 3 billion. The current cash covers maturities for the next 7 years, after the completion of a CRI issuance of up to BRL 1 billion underway, which will lengthen the duration and reduce the cost.\n\nIn the quarter, JHSF reported gross revenue of BRL 985 million, up 81% year-over-year, with an adjusted EBITDA of BRL 503 million, double that of the second quarter of 2025. Net profit was BRL 444 million, up 85%. All numbers are historical records for the company for a second quarter.\n\nConsidering only the recurring revenue businesses, revenue was BRL 439 million (+30%), and EBITDA came in at BRL 197 million (+31%). Augusto said all recurring revenue businesses had significant growth, but the shopping mall vertical was the highlight. “We're ahead of the market average in key indicators,” said the CEO. “While some players had a retraction due to calendar effects, with the World Cup, we managed to deliver good growth.”\n\nSame-store rent grew 11% in the quarter, a real growth (discounting inflation) of 6%; and gross revenue expanded 10%, to BRL 107 million. EBITDA grew 7%, reaching BRL 57 million. Another highlight was the opening of the largest Dior store in Latin America at Cidade Jardim, where occupancy reached 100%.\n\nIn hospitality and gastronomy, the average daily rate rose 6%, occupancy was 49%, and RevPar (revenue per available room) rose 7%, to BRL 2,133. EBITDA jumped 17%, to BRL 27 million.\n\nAt the airport, the jump was even greater: EBITDA was BRL 45 million to BRL 57 million (+26%), while revenue rose 54%, to BRL 107 million.\n\nIn residences and clubs, EBITDA rose 75%, to BRL 52 million, while revenue practically doubled, to BRL 79 million. JHSF has 72 units in operation, with 100% occupancy. The clubs are also performing well, according to the CEO.\n\nThe Boa Vista Village Surf Club has a waiting list of 50 interested members, while the São Paulo Surf Club is already starting to restrict sales of new memberships. At both clubs, membership costs BRL 1.5 million. The Fasano Tennis Club, the newest of the three, still has sales open and numbers “are ramping up,” according to the CEO. Membership costs BRL 1.25 million.",
  "summary": "A JHSF reportou mais um trimestre com recordes de receita e lucro em todas as suas linhas de negócio, e o CEO Augusto Martins disse que a meta da companhia é quase triplicar seu EBITDA em três anos – saindo dos atuais R$ 730 milhões nos últimos doze meses para mais de R$ 2 bi, […] The post Na JHSF, outro tri recorde. A meta agora é triplicar o EBITDA em 3 anos appeared first on Brazil Journal .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}