Robyg (ROB2) Q2 2026 earnings summary

Executive summary

• H1 2026 revenue was PLN 727.307m vs PLN 486.421m in restated H1 2025; net profit was PLN 104.381m vs PLN 81.946m.

• Operating profit reached PLN 126.972m, including PLN 45.889m of net investment-property revaluation gains.

• Presales totaled 1,280 units, with 621 units recognized in revenue; cash including individual escrow accounts was PLN 338m.

Financial highlights

• Gross profit on sales was PLN 124.999m vs PLN 111.954m; gross margin declined to 17.2% from 23.0%.

• Residential and commercial unit sales generated PLN 381.051m; related-party sales and services generated PLN 222.210m.

• Land disposals classified as inventories generated PLN 116.715m revenue and PLN 111.695m recognized cost.

Outlook and guidance

• 2026 residential sales target: 2.8k–3.0k units; mid-term annual sales ambition: 4.5k–5.0k units while maintaining margins.

• Planned completions are 2,592 units in 2026 and 3,385 in 2027; estimated handovers are 2,749 and 3,182, respectively, with 4,042 of 5,927 contracted at June 30.

• Priorities include development in Kraków, expanding the land bank, maintaining margins and executing the ESG strategy.

• Sale of land in Gdańsk’s Oliwa district remained unfinished at June 30, with completion planned during 2026.