Profil:
Murapol SAMurapol real estate posts PLN 28.3 mln net profit in Q2 2025, above expectations
Listed real estate developer Murapol posted a PLN 28.3 million (EUR 6.6 mln) attributable net profit in the second quarter of 2025, above the PAP Biznes consensus for a PLN 17.2 million (EUR 4 mln) net take, the company's financial report showed.
| 1Q2025 | results | consensus | difference | y/y | q/q |
| PLN mln | PLN mln | % | % | % | |
| Revenues | 198.8 | 165.0 | 20.5% | -22.6% | -39.9% |
| EBIT | 33.9 | 20.5 | 65.5% | -31.5% | -60.1% |
| Attrib. net profit | 28.3 | 17.2 | 64.3% | -31.3% | -58.8% |
Cumulatively, in the entire first half of 2025, Murapol had PLN 529.4 million (EUR 124.3 mln) in revenue, PLN 118.9 million (EUR 27.9 mln) in EBIT and PLN 96.9 million (EUR 22.3 mln) in net profit.
For comparison, in the first half of 2024, revenue amounted to PLN 584.1 million (EUR 137.1 mln), EBIT to PLN 123.8 million (EUR 29.1 mln) and net profit to PLN 102.3 million (EUR 24 mln).
In the first half of 2025, the group signed 1,403 development and preliminary agreements, compared to 1,438 in the same period a year earlier. The largest number of flats in the development segment were sold in Gdansk – 364, Lodz – 267 and Poznan – 163.
The group handed over 952 units to retail customers (-26.5 percent y/y) and introduced 1,126 residential units to its offer in four cities – Warsaw, Krakow, Lodz and Torun. Murapol has a land bank allowing for the construction of nearly 20,500 units.
"The scale of our operations and broad geographical diversification are solid foundations for the group's further development and allow us to look forward to the second half of the year with optimism," said CEO Nikodem Iskra, quoted in a press release.
As board member Przemyslaw Kromer added, the group maintains a stable and secure financial position, which allows it to implement new projects and plan further expansion of its operations.
"Despite lower revenues determined by the number of flats delivered during the interim period, we maintained stable results and recorded an improvement in profitability compared to the first half of 2024 – the first-level margin in the R4S segment increased to 45.7 percent, and the net margin to 18.3 percent," assessed Kromer.
doa/ han/
