Polish developer Develia achieved a net profit of €41.3 million in the first half of 2025, up 17% from €35.4 million in the same period last year. Revenue increased 15% to €178.4 million compared to €154.6 million in H1 2024.
The company sold 1,699 apartments during the first six months of 2025, down from 1,949 in the previous year, while delivering 1,193 units compared to 1,057 a year earlier. By the end of June, Develia held €155.8 million in cash and short-term financial assets, down from €200.4 million at the end of 2024.
In June, Develia completed the sale of Arkady Wrocławskie shopping centre to Vastint Poland for €43 million, fulfilling one of its strategic goals. The company used proceeds to repay loans and reinvest in the residential sector. "The first half passed under the sign of stabilisation in the housing market, which we also observe currently. However, we see several factors on the horizon that favor recovery, the most important being the downward trend in interest rates," said Andrzej Oślizło, Develia's CEO.
In July, Develia finalised the acquisition of 100% shares in Bouygues Immobilier Polska for €65.9 million. The acquisition added 900 apartments under construction and approximately 2,800 units in secured land, with nearly 1,900 apartments located in Warsaw and the remainder in Wrocław and Poznań. "The acquisition is another milestone step for Develia in achieving the goal of exceeding 4,500 apartment sales by 2028," Oślizło added.
The company paid a record dividend of €63.3 million for 2024, representing €0.14 per share, which was distributed to shareholders in June. Develia operates in Warsaw, Kraków, Tri-City, Katowice, Poznań and Wrocław, having completed 59 residential developments totalling 22,800 apartments across 1.2 million sqm.
