Robyg (ROB2) Q1 2025 earnings summary

Executive summary

• Revenues for Q1 2025 reached PLN 177 million, with a strong cash position of PLN 267 million and operating cash flow of PLN 181 million (excluding new plot purchases).

• 500 units were pre-sold (net after cancellations), 1,949 units were on offer, and 185 units were recognized in revenues.

• The total land bank comprised 21,186 units, with 3,236 units under construction.

Financial highlights

• Q1 2025 revenues decreased by 56% year-over-year to PLN 176.8 million.

• Net profit for Q1 2025 was PLN 16.6 million, down 70% year-over-year.

• Gross profit margin on sales was 19.7%, and net profit margin was 9.4% for Q1 2025.

• Cash and cash equivalents stood at PLN 131.1 million at quarter-end.

Outlook and guidance

• Strategic goals include residential sales of approximately 2,600 units in 2025, maintaining margins, and expanding activities in Warsaw, Wroclaw, and Tricity.

• Plans to maintain the land bank level and realize the ESG strategy.