Gafisa (B3: GFSA3) financial statements
The consolidated income statement, balance sheet and cash flow statement of Gafisa for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 4,728m in total assets and BRL 1,537m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 619.7m | BRL 1,012m | BRL 1,104m | BRL 1,136m | BRL 818.3m | BRL 884.0m | BRL 400.5m | BRL 960.9m | BRL 608.8m | BRL 915.7m |
| Cost of sales | BRL 818.7m | BRL 1,067m | BRL 1,150m | BRL 982.9m | BRL 609.7m | BRL 702.8m | BRL 282.7m | BRL 846.2m | BRL 818.8m | BRL 1,029m |
| Gross profit | −BRL 199.0m | −BRL 54.3m | −BRL 46.5m | BRL 153.1m | BRL 208.6m | BRL 181.2m | BRL 117.8m | BRL 114.7m | −BRL 209.9m | −BRL 113.5m |
| Operating profit | −BRL 414.6m | −BRL 59.6m | −BRL 37.0m | −BRL 131.1m | BRL 210.6m | BRL 3.6m | BRL 10.2m | −BRL 362.5m | −BRL 864.1m | −BRL 476.3m |
| Profit before tax | −BRL 603.1m | −BRL 4.7m | −BRL 147.4m | −BRL 61.2m | BRL 166.0m | −BRL 69.4m | −BRL 49.4m | −BRL 443.0m | −BRL 971.4m | −BRL 501.9m |
| Income tax | −BRL 58.5m | BRL 36.0m | BRL 46.0m | BRL 22.0m | BRL 85.0m | BRL 7.6m | −BRL 35.3m | −BRL 21.8m | −BRL 23.1m | BRL 100.1m |
| Net profit | −BRL 544.5m | −BRL 40.6m | −BRL 195.3m | −BRL 83.2m | BRL 81.3m | −BRL 76.5m | −BRL 13.7m | −BRL 419.5m | −BRL 849.9m | −BRL 1,164m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 4,728m | BRL 5,302m | BRL 5,126m | BRL 5,487m | BRL 4,722m | BRL 3,750m | BRL 2,552m | BRL 2,526m | BRL 2,878m | BRL 5,210m |
| Current assets | BRL 2,509m | BRL 3,197m | BRL 3,505m | BRL 3,969m | BRL 2,909m | BRL 2,543m | BRL 1,800m | BRL 1,683m | BRL 1,733m | BRL 3,400m |
| Cash | BRL 17.7m | BRL 9.0m | BRL 12.3m | BRL 23.0m | BRL 35.4m | BRL 29.0m | BRL 12.4m | BRL 32.3m | BRL 28.5m | BRL 29.5m |
| Total liabilities | BRL 3,191m | BRL 3,350m | BRL 3,419m | BRL 3,714m | BRL 2,906m | BRL 2,192m | BRL 1,657m | BRL 2,033m | BRL 2,119m | BRL 3,280m |
| Current liabilities | BRL 2,011m | BRL 2,125m | BRL 2,030m | BRL 1,886m | BRL 1,368m | BRL 1,467m | BRL 1,252m | BRL 1,039m | BRL 1,214m | BRL 2,276m |
| Equity | BRL 1,537m | BRL 1,951m | BRL 1,706m | BRL 1,772m | BRL 1,815m | BRL 1,562m | BRL 893.7m | BRL 491.3m | BRL 755.6m | BRL 1,928m |
| Equity including minorities | BRL 1,537m | BRL 1,952m | BRL 1,707m | BRL 1,773m | BRL 1,816m | BRL 1,558m | BRL 895.1m | BRL 493.2m | BRL 759.4m | BRL 1,930m |
| Minority interests | BRL 0.0m | BRL 0.8m | BRL 1.0m | BRL 0.8m | BRL 0.7m | −BRL 4.0m | BRL 1.4m | BRL 1.9m | BRL 3.8m | BRL 2.1m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −BRL 185.3m | BRL 160.7m | BRL 132.6m | −BRL 90.6m | −BRL 114.3m | −BRL 452.9m | BRL 44.0m | BRL 31.5m | BRL 206.9m | BRL 269.7m |
| Investing cash flow | BRL 33.9m | −BRL 108.4m | BRL 73.7m | BRL 10.6m | −BRL 445.4m | −BRL 237.9m | −BRL 300.6m | −BRL 3.1m | BRL 445.4m | BRL 162.5m |
| Financing cash flow | BRL 160.1m | −BRL 55.6m | −BRL 217.5m | BRL 67.6m | BRL 566.1m | BRL 693.8m | BRL 236.7m | −BRL 24.6m | −BRL 528.6m | −BRL 456.8m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −BRL 17.7m |
Where each figure comes from
From the annual financial statements (DFP) that Gafisa files with the CVM, the Brazilian securities regulator. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Gafisa page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.