Dom Development (DOM) Q3 2025 earnings summary

Executive summary

• Achieved record-high quarterly net sales of 1,183 units in Q3 2025, up 2% YoY and 18% QoQ.

• Units delivered in Q3 2025 reached 950, a 59% YoY increase, driving a 47% rise in revenue to PLN 706.6 million.

• Net profit for Q3 2025 reached PLN 129 million, a 99% increase YoY.

• Revenue for Q1-Q3 2025 totaled over PLN 2 billion, up 8% YoY, with net profit surpassing PLN 374 million (+27% YoY).

• Deferred income at record high, with over 5,600 units sold but not yet delivered, valued at over PLN 4.3 billion.

Financial highlights

• Q3 2025 sales revenues were PLN 706.6 million, up 46.5% YoY.

• Q3 2025 gross margin: 32.4% (up 1.1 p.p. YoY); Q1-Q3 2025 gross margin: 34.2% (up 2.4 p.p. YoY).

• Q3 2025 EBIT: PLN 154 million (+95.2% YoY), EBIT margin 21.8% (up 5.4 p.p.).

• EPS for Q3 2025 was PLN 4.99, up 98.8% YoY.

• Balance sheet assets exceeded PLN 6.2 billion, up 16% YoY.

Outlook and guidance

• Revenue potential of PLN 4.3 billion to be recognized in coming quarters from over 5,600 units sold but not delivered.

• Land bank sufficient to sustain sales at current levels for over 4 years.

• Estimated delivery volume for Q4 2025 exceeds 2,000 units.

• On track to surpass 2024’s record net sales of 4,269 units, with 3,216 units sold in the first nine months of 2025 (+3% YoY).