Polish developer Develia achieved net profit of €306.5 million in the first three quarters of 2025, up 42% from €215.6 million in the same period last year. Sales revenues reached €1.32 billion compared to €1.04 billion in the previous year, marking a 27% increase.
The company sold 2,500 units in the January-September period, down from 2,700 in 2024. However, third-quarter sales of 801 apartments were 7% higher year-on-year. Develia delivered 1,963 units in the first nine months, 9% more than the 1,797 delivered in the same period last year.
"Since September, we have observed market revival, mainly driven by falling interest rates, which also translates into greater activity among credit customers," said Andrzej Ośliźło, CEO of Develia.
In July, Develia completed the acquisition of Bouygues Immobilier Polska, the Polish branch of French developer Bouygues Immobilier, for €65.9 million. The transaction was financed from the company's own resources with an option for bank credit refinancing. At the end of the third quarter, over 700 apartments acquired through this deal were in construction or delivery phases.
The company ended September with €587.2 million in cash and short-term financial assets, down from €840.6 million at the end of 2024. Develia also signed a joint venture agreement with PFI Global in October for a multi-phase residential investment in Wrocław comprising 556 units across three stages.
