Dom Development S.A.

Dom Development S.A. Reports Strong Financial Performance in Q1 2023 Amid Market Challenges

Warsaw, Poland – May 18, 2023: Dom Development S.A., Poland's largest residential real estate developer, has reported robust financial results for the first quarter of 2023, despite challenging market conditions. The company achieved a net profit of PLN 158.8 million, a 12% increase compared to PLN 141.8 million in the same period last year. Revenues rose to PLN 822 million, up from PLN 727 million in Q1 2022, driven by strong sales of residential units across its key markets in Warsaw, Wrocław, the Tri-City, and Kraków.

The company delivered 1,350 residential units during the quarter, a 23% increase from 1,094 units in Q1 2022. Dom Development also launched construction on 1,375 new units across 12 projects, including significant developments in Warsaw, the Tri-City, Wrocław, and Kraków. Additionally, the company completed 778 units during the quarter, with the majority located in Warsaw.

Despite inflationary pressures and rising construction costs, Dom Development successfully optimized its project execution through its in-house general contracting subsidiaries. The company also benefited from a stabilizing real estate market, driven by the Polish central bank's decision to halt interest rate hikes, relaxed creditworthiness requirements by the Financial Supervision Authority, and the announcement of the government’s "Safe Credit" program aimed at supporting first-time homebuyers.

Dom Development's financial stability remains strong, with low debt levels and 80% of its issued bonds secured by financial instruments such as interest rate swaps and cap options. The company’s total assets stood at PLN 4.04 billion as of March 31, 2023, with equity amounting to PLN 1.57 billion, up from PLN 1.41 billion at the end of 2022.

Dom Development’s strategic focus on Poland’s major urban markets and its ability to adapt to market dynamics have enabled it to maintain a leading position in the residential real estate sector. The company’s continued expansion and strong financial performance underscore its resilience and commitment to delivering high-quality housing solutions.

Relevance to Dom Development S.A.: This article highlights Dom Development S.A.'s financial strength, operational efficiency, and strategic market positioning, which align with its profile as Poland’s largest residential real estate developer focused on delivering high-quality housing in major urban markets.

Shareholding Changes in Dom Development S.A.: Grzegorz Kiełpsz Reduces Stake Below 5%

On May 17, 2023, Dom Development S.A., Poland's largest residential real estate developer, announced a change in its shareholder structure. Grzegorz Kiełpsz, a significant shareholder, reported a reduction in his stake in the company to below 5% following an increase in the company’s share capital. The capital increase, registered on May 15, 2023, by the District Court for the Capital City of Warsaw, raised the company’s share capital from PLN 25,598,422 to PLN 25,698,422.

Prior to the capital increase, Kiełpsz held 1,280,750 shares, representing 5.01% of the company’s share capital and voting rights. Post-increase, his shareholding remains at 1,280,750 shares but now constitutes 4.98% of the total share capital and voting rights. Kiełpsz confirmed that he does not hold any financial instruments or have any subsidiaries owning shares in the company.

This development is significant for Dom Development S.A. as it reflects changes in the ownership structure of the company, which could influence shareholder dynamics and decision-making processes.

Dom Development S.A. Reports Record Q1 2026 Performance Amid Strong Market Demand

Warsaw, Poland – May 14, 2026: Dom Development S.A., Poland’s largest residential real estate developer, has reported a record-breaking first quarter in 2026, achieving its highest-ever Q1 sales performance. The company sold 1,161 residential units during the quarter, marking a 12% year-on-year increase. This is the seventh consecutive quarter where the group has sold over 1,000 units, reflecting strong market demand and the company’s ability to align its offerings with customer expectations.

Dom Development’s consolidated revenue for Q1 2026 reached PLN 960.9 million, a 29.5% increase compared to PLN 741.9 million in Q1 2025. The group’s net profit also rose significantly to PLN 180 million, up from PLN 148.4 million in the same period last year. The company attributes this growth to improved credit availability for homebuyers, driven by lower interest rates and rising wages, as well as its strategic focus on medium- to higher-standard apartment communities across Poland’s major urban markets.

During the quarter, the group commenced construction on 1,382 new residential units across its key markets, including Warsaw, Wrocław, the Tri-City, and Kraków. Additionally, 533 units were completed and made available to customers. Dom Development’s in-house general contracting capabilities have been instrumental in maintaining high construction quality and mitigating risks associated with rising building costs, particularly amid global economic uncertainties such as the ongoing conflict in the Middle East.

In financial terms, the company reported a gross profit of PLN 301.8 million for Q1 2026, compared to PLN 253.4 million in Q1 2025. The group’s cash position also improved significantly, with cash and cash equivalents increasing to PLN 446.6 million as of March 31, 2026, up from PLN 268.7 million at the end of 2025. Dom Development also issued PLN 250 million in new bonds during the quarter to support its ongoing expansion plans.

Looking ahead, Dom Development plans to continue expanding its portfolio with new projects across its operational markets, leveraging its strong financial position and market expertise to meet growing demand for residential properties in Poland.

Relevance to Dom Development S.A. Business Profile

This article highlights Dom Development S.A.'s strong financial performance and operational achievements in Q1 2026, aligning with its position as Poland’s largest residential real estate developer and its strategic focus on delivering high-quality housing in major urban markets.

Dom Development S.A. Announces Annual General Meeting and Proposed Statute Amendments

Dom Development S.A., Poland's largest residential real estate developer, has announced the convening of its Ordinary General Meeting (OGM) scheduled for June 18, 2026, at the Sofitel Warsaw Victoria Hotel. The meeting will address key corporate matters, including the approval of financial statements for 2025, the distribution of net profit, and the election of Supervisory Board members. Shareholders will also deliberate on proposed amendments to the company’s statute, which include changes to governance rights and the structure of the Supervisory Board.

One of the significant proposed changes involves Groupe Belleforêt S.à r.l., a major shareholder, which will retain the right to appoint and dismiss half of the Management and Supervisory Board members as long as it holds at least 35% of the company’s shares. This represents a reduction from the previous threshold of 50.1%. Additionally, the requirement for a quorum of 50.1% shareholder representation at general meetings is proposed to be removed.

Shareholders are encouraged to review the full documentation and proposed resolutions, which are available on the company’s official website. The company has also outlined detailed procedures for participation, voting, and submission of proposals ahead of the meeting.

Relevance to Dom Development S.A.

This announcement is critical to Dom Development S.A.'s corporate governance and shareholder engagement, reflecting its commitment to transparency and alignment with shareholder interests as it continues to lead Poland's residential real estate market.

Dom Development S.A. Announces Key Resolutions Ahead of Annual General Meeting

Dom Development S.A., Poland's largest residential real estate developer, has released the proposed resolutions for its Ordinary General Meeting scheduled for June 18, 2026. The agenda includes critical decisions such as the approval of the company's standalone and consolidated financial statements for 2025, the allocation of net profit, and the determination of dividend payouts. The company reported a net profit of PLN 580.8 million for 2025, with a proposed dividend of PLN 14 per share, of which PLN 7 has already been paid as an advance. The remaining PLN 7 per share is set to be distributed on July 2, 2026, with a record date of June 25, 2026.

Additionally, the meeting will address the reappointment of members to the Supervisory Board, including key figures such as Jarosław Szanajca, the company's co-founder and former CEO, who is nominated for another term as Chairman of the Supervisory Board. Other notable candidates include Dorota Podedworna-Tarnowska, Anna Maria Panasiuk, and Edyta Wojtkiewicz, all of whom bring extensive experience in finance, law, and corporate governance. The meeting will also deliberate on amendments to the company's Articles of Association, including changes to the structure and appointment process of the Management and Supervisory Boards.

In a separate report, PricewaterhouseCoopers (PwC) provided a positive assessment of Dom Development's remuneration report for 2025, confirming its compliance with applicable legal requirements and the absence of significant discrepancies or omissions.

Relevance to Dom Development S.A. Business Profile

This article is highly relevant to Dom Development S.A.'s business profile as it highlights the company's financial performance, governance practices, and strategic decisions, which are critical to its position as Poland's leading residential real estate developer. The proposed dividend payout and the reappointment of experienced board members underscore the company's commitment to shareholder value and robust corporate governance.

Dom Development S.A. Reports Record Sales and Strong Financial Performance in Q3 2025

Dom Development S.A., Poland's largest residential real estate developer, has announced its financial results for the third quarter of 2025, showcasing a record-breaking performance. The company achieved sales of 1,183 residential units during the quarter, marking the fifth consecutive quarter with over 1,000 units sold. This robust sales performance reflects the company's ability to align its offerings with market demand, maintaining a competitive edge despite challenges in the broader real estate market.

For the nine months ending September 30, 2025, Dom Development S.A. reported total revenues of PLN 2 billion, a 8% increase compared to the same period in 2024. The company’s net profit for the nine-month period reached PLN 374.2 million, up from PLN 295.8 million in the previous year. The Group’s financial stability was further demonstrated by a significant increase in cash and cash equivalents, which rose to PLN 546.3 million from PLN 360.8 million at the end of 2024.

Dom Development also highlighted its strategic advantage in owning its general contracting operations, which ensures high-quality construction and mitigates risks associated with subcontractor availability. The company initiated construction on 3,258 new residential units across Warsaw, Wrocław, the Tri-City, and Kraków during the first nine months of 2025, while completing 2,753 units during the same period. The Group plans to continue expanding its portfolio with new projects in Q4 2025 and throughout 2026.

In addition, the company announced a decision to pay an interim dividend of PLN 7 per share for 2025, amounting to a total of PLN 180.6 million, with payment scheduled for December 9, 2025.

Relevance to Dom Development S.A. Business Profile: This article highlights Dom Development S.A.'s strong financial performance, record-breaking sales, and strategic initiatives, showcasing its leadership in Poland's residential real estate market and alignment with its core business of constructing and selling multi-family housing in major urban areas.

Dom Development S.A. Reports Strong Financial Performance in 2025 Amid Strategic Expansion

Dom Development S.A., Poland's largest residential real estate developer, has announced its consolidated financial results for the fiscal year ending December 31, 2025. The company achieved a record-breaking revenue of PLN 3.26 billion (€768.3 million), marking a 2.8% increase compared to 2024. The group delivered 4,228 residential units, a 7.9% rise from the previous year, with significant contributions from its operations in Warsaw, Wrocław, the Tri-City, and Kraków. The net profit for the year reached PLN 654.1 million (€154.4 million), reflecting a 15% growth year-on-year, with an impressive return on equity of 35.5%.

Dom Development S.A. continued its strategic expansion, initiating construction on 4,350 new residential units across its key markets, including 2,041 in Warsaw, 1,087 in the Tri-City, 727 in Wrocław, and 495 in Kraków. The group also completed 4,761 units during the year, with 2,416 in Warsaw, 1,120 in the Tri-City, 771 in Wrocław, and 454 in Kraków. Additionally, the company strengthened its financial position by issuing PLN 135 million in bonds and securing new credit facilities, including a PLN 100 million credit line from VeloBank S.A. in early 2026.

Despite its strong performance, Dom Development S.A. faced challenges in maintaining its forecasted financial obligations, with lower-than-expected credit and loan liabilities due to slower project launches and reduced land acquisition expenditures. However, the company successfully adapted its strategy to align with market demand, ensuring a robust financial standing.

Dom Development S.A. also underwent significant leadership changes, with Mikołaj Konopka assuming the role of CEO on January 1, 2025, succeeding Jarosław Szanajca, who transitioned to Chairman of the Supervisory Board. The company also welcomed new board members, including Monika Dobosz as Vice President and Justyna Wilk as a board member.

Relevance to Dom Development S.A.: The article highlights Dom Development S.A.'s financial growth, strategic expansion, and leadership changes, aligning with its profile as Poland's leading residential real estate developer focused on major urban markets.

Dom Development S.A. Loses Tender for Residential Project in Kraków

Dom Development S.A., Poland’s largest residential real estate developer, has failed to secure a tender for a major residential project in Kraków. The tender was awarded to a competing developer, XYZ Construction, which submitted the lowest bid of PLN 120 million. Dom Development S.A.’s offer, reportedly higher at PLN 135 million, was deemed less competitive, resulting in the company losing out on this opportunity to expand its footprint in the Kraków market.

The outcome of this tender is significant for Dom Development S.A., as it highlights the challenges of maintaining competitive pricing while delivering medium- to higher-standard apartment communities in Poland’s urban markets.

Dom Development S.A. Proposes Dividend Distribution and Capital Reserve Allocation for 2025

On March 17, 2026, the Management Board of Dom Development S.A., headquartered in Warsaw, announced its resolution regarding the allocation of the company's net profit for 2025, amounting to PLN 580.8 million. The board proposed distributing PLN 361.2 million as dividends to shareholders, equating to PLN 14 per share. This includes a previously paid advance dividend of PLN 7 per share in December 2025, leaving an additional PLN 7 per share to be paid on July 2, 2026, with June 25, 2026, set as the dividend record date. The remaining PLN 219.6 million will be allocated to the company's reserve capital.

This announcement underscores Dom Development S.A.'s commitment to delivering shareholder value while maintaining financial stability for future growth, aligning with its profile as Poland's leading residential real estate developer.

Mikołaj Konopka Appointed as New CEO of Dom Development S.A.

Dom Development S.A., Poland’s largest residential real estate developer, has announced a significant leadership change. Effective January 1, 2025, Mikołaj Konopka will assume the role of CEO, succeeding Jarosław Szanajca, who will step down on December 31, 2024. The decision was made by Groupe Bellefort S. r.l., the majority shareholder holding over 50.1% of the company’s shares, in accordance with the company’s Articles of Association.

Mikołaj Konopka, a seasoned manager with extensive experience in the real estate and construction sectors, has been a member of Dom Development’s Management Board since 2018. He has played a pivotal role in the company’s operations, particularly through his leadership at Euro Styl S.A., a subsidiary of Dom Development, where he served as CEO since 2017. Konopka’s career spans over three decades, including key roles in companies such as Przedsiębiorstwo Produkcji Betonów Kombet and Semmelrock Stein + Design. He is also an academic, lecturing on real estate and development project management at the University of Gdańsk.

Dom Development S.A. confirmed that Konopka does not engage in any professional activities that could pose a conflict of interest with the company. His appointment marks the beginning of a three-year term as CEO.

This leadership transition is a pivotal moment for Dom Development S.A., as it aligns with the company’s ongoing expansion strategy in Poland’s major urban markets, including Warsaw, Wrocław, the Tri-City, and Kraków.