Develia (DVL) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 reached PLN 1,052.7 million, up from PLN 790.4 million year-over-year, driven by higher sales of residential units and services.

• Net profit for 2025 was PLN 416.9 million, a 23% increase from PLN 339.8 million in 2024.

• Dividend payout for 2025 amounted to PLN 265.5 million (PLN 0.58 per share), up from PLN 226.1 million in 2024.

• The company maintained a strong liquidity position, with cash and equivalents at PLN 95.0 million at year-end.

Financial highlights

• Gross margin improved to PLN 359.3 million from PLN 252.9 million year-over-year.

• Operating profit rose to PLN 223.1 million from PLN 146.4 million year-over-year.

• EBITDA and EBIT not explicitly stated, but operating and net profit both showed strong growth.

• Earnings per share increased to PLN 0.91 from PLN 0.74 year-over-year.

• Total assets grew to PLN 4,472.6 million from PLN 3,730.7 million year-over-year.

Outlook and guidance

• Management targets sales of 3,600–3,800 units and handover of 3,750–3,950 units in 2026.

• Plans to launch 4,350–4,550 new units in 2026.

• No material impact from macroeconomic or geopolitical risks observed in 2025, but ongoing monitoring continues.