UPDATE: Develia real estate posts PLN 133.4 mln net profit in Q3 2025, above expectations

The company's CEO Andrzej Oslizlo noticed that Develia sees a market revival and expects further gradual sales growth.

"We are very pleased with the record results after three quarters. Since September, we have observed a market revival, primarily driven by falling interest rates, which has also boosted activity among mortgage clients," said Develia’s CEO, Andrzej Oslizlo.

"After the third quarter, we can also see that year-on-year sales dynamics are improving. We expect this trend to continue in the coming periods along with further gradual sales growth," he added.

In July, Develia completed the acquisition of Bouygues Immobilier Polska, a branch of the French developer Bouygues Immobilier, for EUR 65.9 million. Oslizlo noted that the effects of this transaction will be reflected in sales results from 2026 onwards.

Develia entered a joint venture with PFI Global, an investment company operating in the real estate market, aimed at implementing a multi-stage residential project in Wroclaw. It also signed a public-private partnership agreement, 'Nowy Port 2030+', with the City of Gdansk, under which it will carry out a series of investments in the Nowy Port district.

During the first nine months of 2025, Develia sold 2,500 units under development agreements and preliminary contracts, compared with 2,700 in the same period last year. From the beginning of the year to the end of October, Develia sold 2,744 units, approaching the lower bound of its annual target of 3,100 units.

In the first three quarters of 2025, the group delivered 1,963 units, up 9 percent from 1,797 units a year earlier. From January to the end of October, the developer delivered 2,296 apartments.

At the same time, in the first three quarters, Develia launched and began construction of 2,213 units.

In the third quarter of 2025, the developer sold 801 units, compared with 751 in the same period last year.

"In the last months of the year, we are focusing primarily on reaching the delivery target of 2,900–3,100 units, most of which are scheduled for this quarter," said deputy CEO Pawel Ruszczak.

At the end of September 2025, Develia held PLN 587.2 million (EUR 138.8 mln) in cash and short-term financial assets, compared with PLN 840.6 million (EUR 198.8 mln) at the end of 2024. At the end of the third quarter of 2025, financial liabilities amounted PLN to 911.6 million (EUR 215.6 mln), compared with PLN 915 million (EUR 216.5 mln) at the end of 2024.

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