Develia (DVL) Q3 2025 earnings summary

Executive summary

• Sales revenue for the 9 months ended 30 September 2025 reached PLN 1,315.7 million, up 27% year-over-year, with net profit at PLN 306.5 million, a 42% increase year-over-year.

• 2,500 residential and retail premises were sold (down 7% year-over-year), while 1,963 units were delivered (up 9% year-over-year).

• The acquisition of Bouygues Immobilier Polska (now Develia Vita) for EUR 65.9 million was completed, adding significant land bank and project pipeline.

Financial highlights

• Gross profit on sales for the 9 months was PLN 497.3 million, up from PLN 336.4 million year-over-year.

• Net profit attributable to shareholders was PLN 307.1 million, up from PLN 216.4 million year-over-year.

• Basic EPS for the period was PLN 0.67, compared to PLN 0.48 in the prior year.

• Book value per share increased to PLN 3.84 from PLN 3.75 at year-end 2024.

• Cash and cash equivalents at period end were PLN 328.6 million, down from PLN 579.5 million at year-end 2024.

Outlook and guidance

• The Group expects future results to be highly influenced by macroeconomic conditions, especially mortgage availability and construction costs.

• No financial forecasts for 2025 were published.