Dom Development Starts 2026 Strongly, with Revenue Rising to PLN 961 Million

In the first quarter of 2026, Dom Development S.A. Group generated PLN 180 million in net profit, 21% more than a year earlier, while revenue increased by 30% year on year to PLN 961 million. The significant improvement in financial results was driven by the handover of 1,273 units to customers, 29% more than in the corresponding period of 2025, while maintaining high operating efficiency and cost discipline.

At the same time, in the first three months of this year, Dom Development Group sold 1,161 units net, representing a 12% year-on-year increase. This was the seventh consecutive quarter in which sales reached at least 1,000 units, confirming the repeatability of strong results and Dom Development Group’s leading position on the residential market in Poland.

At the end of March 2026, accumulated net sales to be recognised in revenue in future periods, covering units already sold but not yet handed over to buyers, amounted to nearly 5,100 units with a total value of PLN 4 billion.

“Dom Development Group started 2026 with very strong operating and financial results, confirming its leading position on the residential market in Poland and its ability to effectively take advantage of favourable market conditions. The first quarter brought a continuation of the gradual recovery in demand, supported by improved mortgage affordability among customers and further wage growth. At the same time, increased geopolitical uncertainty related to the situation in the Middle East prompted some buyers to accelerate purchasing decisions amid concerns about a potential rise in inflation. In Poland’s largest urban centres, sales increased clearly, while supply remained high, with a large share of completed units. In response to this situation, developers limited new launches, adjusting supply to the current pace of sales. We also see clear regional differences: demand exceeding supply in Warsaw, relative balance in the Tricity and Wrocław, and elevated supply in Kraków. Against this background, the time needed to sell out Dom Development Group’s offer remains clearly shorter than the average on individual markets, confirming the high effectiveness of our sales activities and the alignment of our offer with customer expectations,” said Mikołaj Konopka, President of the Management Board of Dom Development.

Quarterly Net Sales Consistently Above 1,000 Units

In the first quarter of this year, Dom Development Group sold 1,161 units net, 12% more than a year earlier. In this respect, it was the best first calendar quarter in the Group’s history. Transactions co-financed with mortgages accounted for 58% of total sales, compared with 53% in the first quarter of 2025 and an average of 56% for the whole of last year.

The average value of a residential unit sold by the Group in the first three months of 2026, including the price of the apartment together with any finishing package, storage unit and parking space, amounted to PLN 842,000 gross. This was slightly higher than in the corresponding period of 2025, when it stood at PLN 818,000. The change mainly resulted from a different structure of the current offer.

“Across the broader market, apartment prices have generally stabilised, with the exception of Warsaw, where the increase in average prices was mainly due to the launch of new, more expensive projects. At the same time, we are seeing an impulse for construction cost growth as a result of the war in the Middle East, which will lead to price list changes in selected projects in the near future,” said Mikołaj Konopka.

In the first quarter, Dom Development Group launched a total of 1,382 units in eight projects. At the end of March 2026, the Group’s offer comprised 3,538 units, broadly in line with the level recorded a year earlier. If the sales pace from the first quarter were maintained, this would allow the entire offer to be sold out in just three quarters, significantly faster than in the case of the vast majority of competitors.

Rising Revenue and Profit, Strong Prospects for the Coming Quarters

The past quarter was also an intensive period for Dom Development Group in terms of handing over apartments to customers. The Group handed over the keys to 1,273 units, 29% more than in the first three months of 2025. This had a positive impact on financial results: consolidated revenue in the first quarter of 2026 reached PLN 961 million, an increase of 30% year on year, while consolidated net profit amounted to PLN 180 million, up 21% year on year.

“At the end of March 2026, Dom Development Group had nearly 5,100 units with a total value of PLN 4 billion that had already been sold but not yet handed over to customers. Of these, almost 500 were already completed units, while construction of another 3,200 will be completed later this year. Accumulated sales and planned handovers, mainly scheduled for the second half of the year, combined with construction cost optimisation thanks to our own general contracting capabilities, create a solid basis for the Group’s financial results in 2026 as a whole. We expect this to allow us to improve on the results achieved in the record year of 2025,” said Monika Dobosz, Vice-President of the Management Board and Chief Financial Officer of Dom Development.

Land Bank with Potential for More Than 20,000 Units

“A strong advantage of Dom Development Group is also the high level of available financing, including undrawn credit lines and funds raised from bond issues. At the turn of February and March, we successfully carried out a bond offering addressed to qualified investors, raising PLN 250 million at a record-low margin. This gives us considerable flexibility in liquidity management, allows us to respond efficiently to emerging opportunities and systematically replenish our land bank. In the first quarter, we finalised the acquisition of several attractive land plots in Warsaw, the Tricity and Wrocław,” said Monika Dobosz.

At the end of the first quarter of this year, Dom Development Group had a land bank with potential for the construction of a total of around 20,300 units, enabling it to maintain sales at the current level for nearly five years.

Selected Consolidated Financial Results of Dom Development Group