Lokum Deweloper (LKD) Q2 2025 earnings summary

Executive summary

• Net profit for H1 2025 reached 50,393 thousand PLN, up from 31,310 thousand PLN year-over-year.

• Revenue from sales increased to 15,830 thousand PLN, compared to 13,813 thousand PLN in H1 2024.

• Basic and diluted earnings per share rose to 2.80 PLN from 1.74 PLN year-over-year.

• No significant seasonality or segment differentiation in operations.

Financial highlights

• Total assets as of 30 June 2025 were 930,652 thousand PLN, up from 876,813 thousand PLN a year earlier.

• Equity increased to 733,238 thousand PLN from 689,663 thousand PLN year-over-year.

• Long-term liabilities rose to 181,042 thousand PLN, mainly due to new bond issuance.

• Net cash from operating activities was 2,135 thousand PLN, while net cash from investing activities was -28,183 thousand PLN.

• Net cash from financing activities was 29,643 thousand PLN, reflecting new bond proceeds.

Outlook and guidance

• No explicit forward-looking guidance provided; business model and support for subsidiaries remain unchanged.