Dom Development (DOM) Q2 2026 earnings summary

Executive summary

• Achieved record net sales of 2,382 units in H1 2026, up 17% year-over-year, reinforcing market leadership and positioning for another record year after 4,448 units sold in 2025.

• Net profit reached PLN 259 million, a 5% increase year-over-year, with a gross margin of 31%.

• Record revenue potential of PLN 4.4 billion from 5,606 units sold but not yet delivered as of June 30, 2026.

• Stable and efficient operations across all key markets, with new entry into Poznań supporting geographic expansion.

• All investments progressed on or ahead of schedule, with strong demand and high sales velocity across Warsaw, Trójmiasto, Wrocław, and Kraków.

Financial highlights

• H1 2026 revenue was PLN 1,561 million, up 21% year-over-year.

• Net profit for H1 2026 was PLN 259 million, up 5% year-over-year.

• Gross margin for H1 2026 was 31%, down from 35% in H1 2025.

• EPS for H1 2026 was PLN 10.02, up 5.3% year-over-year.

• Cash and cash equivalents at period end were PLN 223.8 million, including PLN 208 million in escrow accounts.

Outlook and guidance

• Record revenue potential to be recognized in coming quarters from units sold but not yet delivered.

• High pre-sales rates (53% of units under construction sold) provide strong cash flow and profit visibility.

• Management expects continued strong demand for residential units, supported by improved mortgage availability and stable credit costs.

• Plans to systematically expand the project portfolio in all operating cities throughout 2026.

• New handovers of 2,896 units scheduled for Q3–Q4 2026.