Atal S.A. (1AT) Q4 2025 earnings summary

Executive summary

• Delivered 2,065 residential and commercial units in 2025, with consolidated revenue of PLN 1.267 billion and net profit of PLN 223.3 million, net margin at 17.6%.

• Signed 1,678 development and preliminary agreements, down 19% year-over-year, mainly due to high interest rates in H1 2025.

• Maintained presence in all eight major Polish metropolitan areas, with continued expansion in Szczecin.

• Launched 13 new development projects totaling 2,022 units.

• Focused on sustainable construction, energy efficiency, and green infrastructure.

Financial highlights

• Consolidated revenue: PLN 1,267 million (down 15% year-over-year).

• Net profit: PLN 223.3 million (down 24% year-over-year).

• Operating profit: PLN 314.9 million (up 2% year-over-year).

• Gross margin: 28.5% (2024: 25.1%).

• Net margin: 17.6% (2024: 19.9%).

• Basic and diluted EPS: PLN 5.12 (2024: PLN 6.43).

• Dividend paid: PLN 237.9 million (PLN 5.50 per share, 86% payout ratio).

• Total assets: PLN 4,947.9 million (up 30% year-over-year).

• Equity: PLN 1,669.5 million (down 1% year-over-year).

• Cash and equivalents: PLN 143.2 million (up from PLN 120.8 million).

Outlook and guidance

• Plans to complete and deliver 25 projects with 5,524 units in 2026.

• Expects higher sales in 2026 due to anticipated further interest rate cuts and strong housing demand.

• Sufficient land bank for 8,900 future units, securing operations for at least four years.

• No formal financial forecasts published for 2026.