Dom Development (DOM) Q2 2025 earnings summary

Executive summary

• Net sales reached 2,033 units in H1 2025, up 4% year-over-year, consolidating a leading market position.

• Revenue for H1 2025 was PLN 1,294 million, down 6% year-over-year, with net profit at PLN 246 million, a 6% increase year-over-year.

• Record revenue potential of PLN 4.1 billion from 5,418 units sold but not yet delivered as of June 30, 2025.

• 19 new projects launched, totaling 1,942 units, expected to boost market share in H2 2025.

• Land bank sufficient to sustain current sales levels for nearly 5 years.

Financial highlights

• Gross margin improved to 35.2% from 32% in H1 2024.

• Net margin increased to 19% from 17% year-over-year.

• Cash position at June 30, 2025, was PLN 870 million, up 40% year-over-year.

• Operating profit margin rose to 23.3% from 20.9% year-over-year.

• Total assets grew to PLN 5,992.2 million from PLN 5,288.5 million at year-end 2024.

Outlook and guidance

• High revenue potential to be recognized in coming quarters from units sold but not yet delivered.

• 3,220 units scheduled for handover in Q3–Q4 2025.

• 8,270 units under construction and 3,778 units available for sale at the end of June 2025.

• The group plans to expand its residential offering, leveraging stabilized construction costs and strong demand.

• No formal financial forecasts were published, but management expects continued high sales and project launches.