In the third quarter of 2025, the Dom Development Group strengthened its position as the leader of the residential market in Poland, selling a record-high 1,183 net units — the highest quarterly result in the company’s history. This represents an increase of 18% compared to the second quarter of this year and 2% more than in the strong third quarter of 2024.
In the past quarter, the Group handed over 950 units to buyers, up 59% from the same period in 2024. This translated into a 47% year-on-year increase in revenue to nearly PLN 707 million, while net profit reached PLN 129 million — almost double the figure from a year earlier. Cumulatively, after the first three quarters of 2025, Group revenue exceeded PLN 2 billion (+8% y/y) and net profit reached over PLN 374 million (+27% y/y).
The revenue potential for future periods is also at a record level. At the end of September, Dom Development Group had more than 5,600 units (worth over PLN 4.3 billion) that had already been sold but not yet handed over to buyers. The potential number of handovers expected in the final quarter of 2025 exceeds 2,000 units.
“The third quarter was the best in the history of Dom Development Group in terms of apartment sales, demonstrating how well our offer aligns with customer expectations and financial capabilities. In the past quarter, we sold a record 1,183 net units, marking the fifth consecutive quarter with at least 1,000 units sold. At the same time, we launched 11 projects totaling 1,316 units across all four metropolitan areas in which we operate. This will allow us to maintain Dom Development Group’s leading market share in the coming quarters. While many competitors struggle with oversupply, we maintain a healthy balance between the size of our offer and the pace of sales — our offer-clearance time is currently about 3–4 quarters. This is significantly shorter than the market average, demonstrating both high operational efficiency and a stronger market share than the size of our offer would suggest,” comments Mikołaj Konopka, President of the Management Board of Dom Development.
Closer to Achieving the Full-Year Target
Cumulatively, over the first nine months of this year, Dom Development Group secured buyers for 3,216 units, 3% more than in the same period of 2024. The Group’s offer at the end of September included 3,965 units — 29% more than a year earlier.
“A very strong third quarter, along with an attractive and diversified offer, gives us confidence in achieving our full-year target: sales above the previous record set in 2024, when we found buyers for 4,269 net units. We are benefitting from a rebound in demand driven by further interest rate cuts, which have increased buyers’ borrowing capacity. At the same time, our projects continue to attract strong investor interest — in the third quarter, cash transactions accounted for 45% of all sales. We have also adapted quickly to the new price-transparency regulations, strengthening Dom Development’s reputation as a trustworthy and reliable developer,” says Konopka.
Over PLN 374 Million in Net Profit After Three Quarters
Revenue recognized by Dom Development Group in the third quarter reached PLN 707 million, up 47% year-on-year. During this period, the Group handed over 950 units, 59% more than a year earlier. Net profit for the quarter amounted to nearly PLN 129 million — almost double the figure from the previous year (+99% y/y).
In total, over the first nine months of 2025, the Group handed over 2,545 units to retail clients — an increase of 14% compared to the same period of 2024 (2,235 units). This translated into revenue of over PLN 2 billion (+8% y/y), while net profit exceeded PLN 374 million (+27% y/y).
“We ended the third quarter with a record-high revenue potential for recognition in future periods. At the end of September, Dom Development Group had over 5,600 sold units not yet handed over to buyers, with a total value of more than PLN 4.3 billion. For the ongoing fourth quarter alone, we estimate the potential for more than 2,000 handovers. Our in-house general contracting capabilities give us complete control over costs, timelines, and the quality of our projects — which translates into high customer satisfaction and solid margins for our shareholders,” emphasizes Monika Dobosz, Vice President of the Management Board and CFO of Dom Development.
Strong Balance Sheet, Large Land Bank, and Interim Dividend
A key strength and competitive advantage of Dom Development Group is its strong balance sheet. At the end of September, total assets exceeded PLN 6.2 billion (+16% y/y), and the company’s cash position was higher than all interest-bearing liabilities (negative gearing). Total available financing (cash plus undrawn credit lines) amounted to nearly PLN 1.5 billion at the end of the third quarter, giving the Group significant operational flexibility and allowing it to maintain and replenish its land bank at a high level.
As of the end of September, the Group’s active projects included 8,178 units under construction, of which 57% had already been sold. In addition, the land plots purchased or controlled by the Group allow for the construction of over 18,000 future units. Such a large land bank ensures the ability to maintain current sales levels for more than four years.
Given the Group’s strong financial and liquidity position, the Management Board decided in early October to pay an interim dividend — as in the past two years. The interim dividend for 2025 will amount to PLN 7 per share (a total of nearly PLN 181 million) and will be paid on December 9. The record date for the dividend has been set for December 2.
Dom Development has consistently shared profits with shareholders since its IPO on the Warsaw Stock Exchange in 2006. The total dividend for the previous year amounted to PLN 13 per share (over PLN 335 million in total), of which PLN 6 per share was paid as an interim dividend in December 2024, and the remaining PLN 7 per share in July 2025.
Selected Consolidated Financial Results of Dom Development Group
Income Statement (PLN million)
| Metric | Q3 2025 | Q3 2024 | y/y Change | Q1–Q3 2025 | Q1–Q3 2024 | y/y Change |
|---|---|---|---|---|---|---|
| Revenue | 706.6 | 482.3 | +46.5% | 2,000.5 | 1,851.9 | +8.0% |
| Revenue from finished goods | 681.0 | 420.6 | +61.9% | 1,898.5 | 1,693.1 | +12.1% |
| Units handed over | 950 | 598 | +58.9% | 2,545 | 2,235 | +13.9% |
| Revenue per unit (PLN thousand) | 716.8 | 703.3 | +1.9% | 746.0 | 757.5 | –1.5% |
| Gross profit | 229.2 | 150.8 | +52.0% | 684.5 | 589.6 | +16.1% |
| Gross margin | 32.4% | 31.3% | +1.1 pp | 34.2% | 31.8% | +2.4 pp |
| EBIT | 154.0 | 78.9 | +95.2% | 456.0 | 364.7 | +25.0% |
| EBIT margin | 21.8% | 16.4% | +5.4 pp | 22.8% | 19.7% | +3.1 pp |
| Profit before tax | 158.7 | 79.1 | +100.6% | 463.5 | 367.5 | +26.1% |
| PBT margin | 22.5% | 16.4% | +6.1 pp | 23.2% | 19.8% | +3.4 pp |
| Net profit | 128.6 | 64.7 | +98.8% | 374.2 | 295.8 | +26.5% |
| Net margin | 18.2% | 13.4% | +4.8 pp | 18.7% | 16.0% | +2.7 pp |
| Earnings per share (PLN) | 4.99 | 2.51 | +98.8% | 14.51 | 11.47 | +26.5% |
Source: https://ceo.com.pl/dom-development-z-najwyzsza-sprzedaza-w-historii-wyniki-finansowe-za-3q-2025
