Logotype for Aedas Homes S.A.

Aedas Homes (AEDAS) investor relations material

Aedas Homes Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Aedas Homes S.A.
Q4 2025 earnings summary29 May, 2025

Executive summary

  • Achieved record revenue of €1.16 billion for the second consecutive year, with net profit reaching €150 million, driven by strong sales, delivery volumes, and forward sales of 3,224 units for €1.4 billion, resulting in an order book valued at €1.66 billion and high revenue visibility.

  • Delivered 5,211 homes, including 3,151 BTS/BTR units and 2,060 affordable rental units, with net BTS sales up 48% year-over-year and average selling price rising 5% to €436,000.

  • Significant land investments of €450 million, including acquisitions of Grupo Priesa and Habitat land bank, expanded the platform and support future growth.

  • Launched ESG Strategic Plan 2024-2026, emphasizing sustainability, circular economy, and energy efficiency, with delivery of 2,060 affordable housing units.

  • Maintained leadership in the sector, managing a land bank of 20,200 units with a gross development value of €6.8 billion, ensuring revenue visibility through 2029.

Financial highlights

  • Total revenue reached €1.156 billion, with €1.028 billion from home deliveries, €115 million from land sales, and €13 million from services, the latter up 40% year-over-year.

  • Gross margin was 21.7% (down from 22.4%), with EBITDA at €164 million (margin 14.2%) and net profit at €150 million, up 37% year-over-year.

  • Net margin improved to 12.9%, and EPS rose to €3.47.

  • Free cash flow reached nearly €175 million, reducing net financial debt by €44 million; cash position increased to €292 million.

  • Net asset value per share increased to €33.89, with 100%-owned land bank valued at nearly €1.9 billion and €425 million in unrealized capital gains.

Outlook and guidance

  • Revenue for fiscal year 2025 expected to exceed €1 billion, with build-to-sell gross development margin guidance at around 25%.

  • Order book of €1.66 billion covers 76% of 2025/26 and 39% of 2026/27 deliveries, providing strong revenue visibility.

  • Continued focus on product diversification, co-investment growth, and further improvements in return on equity.

  • Minimum dividend policy of 50% of attributable net income, with potential for additional payouts if LTV remains below 25%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Aedas Homes S.A. is a Spanish company in the real estate sector, specializing in the acquisition, construction, promotion, and sale of residential properties. The company is focused on developing projects in various Spanish cities, including Valencia, Alicante, Barcelona, Madrid, Malaga, and Seville. Aedas Homes primary focus is on quality multifamily homes in attractive locations, and it aims to be a 100% sustainable real estate developer. Aedas Homes S.A. is headquartered in Madrid, Spain, and its shares are listed on the Madrid stock exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage