Robyg (ROB2) Q4 2025 earnings summary

Executive summary

• Revenues reached PLN 1,546 million in 2025, up 18.8% year-over-year, with a strong cash position of PLN 307 million and operating cash flow of PLN 445 million (excluding plot purchases).

• Net profit increased 32.5% year-over-year to PLN 331.2 million, with a net profit margin of 21.4%.

• Over 2,570 units were pre-sold (net after cancellations), and approximately 1,700 units were handed over to customers in 2025.

• Land bank comprised about 19,080–21,000 units, supporting future development, with PLN 653 million spent on land acquisitions.

• Gross margin on sales of residential and commercial units reached 31.4%, up from 27.0% in 2024.

Financial highlights

• Operating profit grew 43.3% to PLN 411.0 million.

• Total assets increased 21.2% to PLN 4,318 million, and equity rose to PLN 2,097 million.

• Net cash flows from operating activities were negative PLN 146.4 million, mainly due to expenditures for new plots.

• Net debt ratio stood at 0.22 as of year-end.

• Cash and cash equivalents plus escrow accounts totaled PLN 307 million at year-end.

Outlook and guidance

• Strategic goals include increasing sales in 2026 and beyond, maintaining margins, expanding into Krakow and other key cities, and sustaining the land bank.

• Continued realization of ESG strategy and operational cooperation with TAG Immobilien AG.

• No significant disruptions expected in liquidity, supply chains, or asset impairment.