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Murapol SAMurapol plans to sell approx. 3,1k flats in 2025; aims to strengthen its position in agglomeration
Listed real estate developer Murapol plans to sell about 3,100 apartments and hand over around 3,000 flats throughout 2025, in the following quarters focusing mainly on strengthening its position in agglomerations, management representatives told a video conference following the release of group's quarterly report. The PRS segment is expected to account for several percent of the group’s production.
"We plan to sell about 3,100 apartments, thus improve the last year's result. We probably won't compete for 3,300 indicated earlier (...)," CEO Nikodem Iskra announced at the video conference.
Previously, Murapol set a sales target in the retail segment for 2025 at between 3,100-3,300 apartments.
From January to September 2025, the group sold a total of 2,237 apartments to retail clients, including 2,112 under development and preliminary agreements (up by 1.3 percent year on year) and under paid reservation agreements (after cancellations excluded).
CEO Iskra assessed that the demand has been at a similar level throughout the year, also comparable to 2024.
"Sales are proceeding in line with results, so probably retail sales in October will be like last year, which allows us to declare the annual target of about 3,100 apartments," he added when asked about sales in the fourth quarter of 2025.
Murapol's CEO noted that transparency of prices influenced customer interest.
In the first three quarters of 2025, the group delivered 1,364 apartments to retail clients in 14 cities (down 20.7 percent year on year).
"We expect a strong fourth quarter, which will determine our results for the year," said Murapol's management board member Przemyslaw Kromer.
"We plan to hand over [in 2025 - PAP ed.] about 3,000 apartments, although we are getting closer to the end of the year and have several applications for occupancy permits submitted, but we see a risk of about 10 percent of handovers being postponed to early 2026," added the CEO.
The management believes the developer market is at the balance point between supply pressure and growing demand, but Murapol has already rationalised and adjusted the offer to the market, which is planned to be kept at about 4,500 apartments.
The developer primarily wants to strengthen its position in agglomerations.
Murapol announced a five-year deal with PRS JV Lux S. R.L. (PRS HoldCo) to offer about 1,000 apartments annually for PRS projects. Murapol will find land, secure purchase rights, and provide construction and development services, while PRS HoldCo will develop the approved projects.
On Tuesday morning, Murapol announced in its quarterly report that the group's net profit in the third quarter of 2025 amounted to PLN 28 million (EUR 6 mln), above the PAP Biznes consensus for a PLN 26.2 million (EUR 5.6 mln) net take.
Operating profit reached PLN 39 million (EUR 8.3 mln), above the market expectations of PLN 33.5 million (EUR 7.1 mln). In the prior year period, Murapol had an EBIT of PLN 35.7 million (EUR 7.6 mln).
The group posted sales revenues of PLN 196.4 million (EUR 41.8 mln), against PLN 209.6 million (EUR 44.6 mln) expected by the market.
After the three quarters of 2025, the group's sales revenues reached PLN 725.8 million (down by 7.7 percent year on year), on a net profit of PLN 124.8 million (down by 5.3 percent year on year).
Murapol reported that in the first nine months of 2025, the group handed over 1,364 apartments in 14 cities (down 20.7 percent year on year) to retail customers.
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