Dom Development (DOM) Q1 2025 earnings summary

Executive summary

• Net sales exceeded 1,000 units in Q1 2025, up 2% year-over-year, maintaining market leadership in Poland.

• Net profit reached PLN 148 million, an 8% increase year-over-year, with a gross margin of 34.2%.

• 5,029 units sold but not yet delivered, representing PLN 3.8 billion in future revenue.

• The company maintained uninterrupted operations, with all projects progressing on or ahead of schedule.

• The board confirmed no circumstances threaten the company's going concern status.

Financial highlights

• Revenue for Q1 2025 was PLN 742 million, up 5% year-over-year.

• Net profit margin improved to 20% from 19% a year earlier.

• EPS increased by 8% to PLN 5.75.

• Cash position at PLN 488 million, up 28% year-over-year.

• ROE for the last 12 months reached 36%, up from 28% as of March 2024.

Outlook and guidance

• High revenue potential in coming quarters with 5,029 units sold but not delivered.

• 3,870 units scheduled for handover in Q2–Q4 2025.

• The company plans to continue expanding its residential offering in all operating cities, supported by stable construction costs and strong demand.