Dom Development (DOM) Q2 2025 earnings summary

Executive summary

• Net sales reached 2,033 units in H1 2025, up 4% year-over-year, consolidating a leading market position.

• Revenue for H1 2025 was PLN 1,294 million, down 5.5% year-over-year.

• Net profit for H1 2025 was PLN 246 million, a 6% increase year-over-year.

• Gross profit margin improved to 35.2% from 32% in H1 2024.

• Dividend of PLN 13.00 per share for 2024, with PLN 7.00 per share paid in July 2025.

Financial highlights

• Operating profit for H1 2025 was PLN 302.0 million, up 5.7% year-over-year.

• Earnings per share (EPS) for H1 2025 was PLN 9.52, up 6% year-over-year.

• Cash position at June 30, 2025, was PLN 870 million, up 40% year-over-year.

• Total assets grew to PLN 5,992.2 million, up from PLN 5,288.5 million at 31 December 2024.

• Gearing at -4.0% as of June 30, 2025, indicating a net cash position.

Outlook and guidance

• High revenue potential to be recognized in coming quarters from PLN 4.1 billion in units sold but not yet delivered.

• 3,220 units scheduled for handover in Q3–Q4 2025.

• 8,270 units under construction and 3,778 units available for sale at the end of June 2025.

• Management expects continued strong demand, supported by lower interest rates and improved mortgage affordability.

• Plans to expand the project pipeline with new developments in all operating cities.