Develia (DVL) investor relations material

Executive summary

• Achieved consolidated revenue of PLN 892.1M in Q1 2026, up over threefold year-over-year, driven by a significant increase in residential units handed over.

• Net profit rose to PLN 177.1M in Q1 2026, more than doubling from Q1 2025.

• Delivered 1,205 premises in Q1 2026, a 130% increase year-over-year, while pre-sales declined by 10% to 860 units.

• Entered a preliminary agreement to acquire Stocznia Cesarska Development, expanding development potential by at least 220,000 sqm and a land bank for at least 3,000 units.

• Land bank expanded to 16,160 units, including JV and PPP projects, with ongoing diversification of project locations.

Financial highlights

• Operating profit reached PLN 223.4M in Q1 2026, up from PLN 45.5M in Q1 2025.

• Gross profit from sales was PLN 279.7M, up from PLN 80.8M in Q1 2025.

• Equity increased to PLN 2,116.4M as of March 31, 2026.

• Inventory value for land and development rose to PLN 4,674.7M.

• Cash and cash equivalents at quarter-end were PLN 299.3M, up from PLN 282.9M at year-end 2025.

Outlook and guidance

• 2026 sales target set at 3,600–3,800 units; delivery target at 3,750–3,950 units.

• Plan to add 4,350–4,550 new units to the offer in 2026.

• Long-term strategy aims for 4,500 flats sold annually by 2028 and a land bank for 15,800 premises.

• The group did not publish financial forecasts for 2026.

• Dividend of PLN 0.73 per share recommended for 2025, with payment scheduled for September 2026.