Dom Development stock reports strong H1 sales as margins narrow

Published on 10/04/2026 at 20:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dom Development stock sold 2,382 homes in H1 2026, up 17 percent year over year. Revenue reached PLN 1.56 billion, while net income rose 5.24 percent.

Dom Development, PLDMDVL00012, Illustration mit AI erstellt.

Dom Development stock (ISIN PLDMDVL00012) was last at PLN 222 on the Warsaw Stock Exchange on October 2, 2026 at 5:00 p.m. CEST, down 0.45 percent from the previous close. The company delivered a record first half, but margin and cash flow figures add a clear counterweight, according to Stockd in its H1 2026 analysis published on August 27, 2026.

Sales reach a first half record

Dom Development sold 2,382 residential units in H1 2026, an increase of 17 percent from the same period a year earlier. Handover volume rose 24 percent to 1,976 units, giving the developer its strongest first half by sales and deliveries, according to Stockd.

The operating momentum also appeared in the market commentary. Zycie Stolicy reported on September 17, 2026, that mortgage-financed buyers accounted for 55 percent of the group's first-half purchases and that summer demand remained close to second-quarter levels.

Revenue grows faster than profit

H1 2026 revenue reached PLN 1.56 billion, up 20.63 percent year over year, while net income rose 5.24 percent to PLN 258.52 million. The gap between top-line and profit growth matters because it shows that higher volume did not translate into equal earnings expansion.

Gross margin was 30.92 percent, down 4.27 percentage points year over year, while operating cash flow was negative PLN 164.41 million. Inventory stood at PLN 5.55 billion at June 30, 2026, making project investment and working capital important variables for the second half, according to Stockd.

Analyst targets stay above market price

Consensus data compiled by Eulerpool list 8 Buy, 3 Hold and 0 Sell ratings, with an average target of PLN 270.68, a median of PLN 256.91, a high of PLN 315.00 and a low of PLN 229.27. Those figures describe analyst expectations rather than company guidance, and they sit alongside the margin contraction and negative operating cash flow.

Stock remains below yearly high

At PLN 222 on October 2, 2026, Dom Development stock was PLN 62.50 below its 52-week high of PLN 284.50 and PLN 2 above its 52-week low of PLN 220. The Warsaw-listed shares carried a market capitalization of PLN 5.7 billion and trading volume of 5,684 shares.

The next scheduled quarterly report is November 19, 2026, according to Info Gospodarcze. That date will put the second-half handovers, cash conversion and margin resilience at the center of the next market assessment.