Lokum Deweloper (LKD) investor relations material

Executive summary

• Revenue for H1 2026 reached 94.3 million PLN, up 176% year-over-year, driven by higher sales of residential units and related services.

• Net profit attributable to shareholders was 14.8 million PLN, down 57% year-over-year, reflecting lower one-off gains.

• 101 units sold in H1 2026, with 126 new reservation agreements and 35 units reserved at period end.

• Construction started on the first stage of Lokum Soho, comprising 461 apartments.

• Dividend of 18 million PLN (1.00 PLN per share) was paid in June 2026 from 2025 profits.

Financial highlights

• Consolidated revenue from development activities: 94.3 million PLN, up 176% year-over-year.

• Net profit: 14.8 million PLN, down 57% year-over-year.

• EBITDA: 24.3 million PLN, down 47% year-over-year.

• Earnings per share: 0.82 PLN, down 57% year-over-year.

• Cash and equivalents: 71.2 million PLN as of June 30, 2026.

Outlook and guidance

• 645 units in completed projects and 470 units in ongoing projects are available for recognition in 2026–2028.

• 398 ready-for-sale units and 288 units in the current offer, with 626 units under construction.

• No segment reporting due to the uniform nature of operations; no significant seasonality observed.

• Management continues to monitor the impact of new accounting standards, with MSSF 18 expected to affect future financial statement presentation.