13:54 12 September 2026
Devalia builds record number of apartments
Develia reported strong first-half 2026 results, driven by a record number of apartment handovers. Revenue rose 152% y/y to PLN 1.88 bln, while net profit increased 84% to PLN 319 mln. In the second quarter alone, revenue nearly doubled to PLN 996.6 mln and net profit rose 31% to PLN 142 mln.
The developer handed over almost 2,600 apartments in the first half, up 116% y/y, partly reflecting its acquisition of Bouygues Immobilier Polska. Develia ended June with PLN 942.1 mln in cash and short-term financial assets. It is also preparing to acquire the former Imperial Shipyard site in Gdańsk for about PLN 550 mln.
