Archicom (ARH) Q2 2026 earnings summary

Executive summary

• Achieved strong sales growth in H1 2026 with 1,321 units sold (+14% y/y) and 1,137 units handed over (+181% y/y).

• Revenue for H1 2026 reached PLN 624.5 million, up 92% year-over-year, with net profit at PLN 74.4 million compared to a net loss in H1 2025.

• 6,109 units were under construction and 441,200 PUM in preparation, reflecting robust development activity.

• Maintained leadership in Poznań and Łódź, targeting top 3 in other major markets.

• Dividend of PLN 1.80 per share was approved and paid from 2025 profits.

Financial highlights

• H1 2026 revenue: PLN 624.5 million (vs. PLN 324.9 million H1 2025); net profit: PLN 74.4 million (vs. -1.1 million H1 2025).

• Gross margin for H1 2026 was 30.2% (vs. 35.8% H1 2025), reflecting a different mix of handovers and absence of prior year one-off land sale.

• EBIT for H1 2026: PLN 99.7 million (vs. PLN 28.4 million H1 2025).

• Net cash from operating activities was PLN 146.9 million, a significant increase from PLN 22.6 million in H1 2025.

• Total assets grew to PLN 4.12 billion from PLN 3.74 billion at year-end 2025.

Outlook and guidance

• 2026 sales target: 3,200–3,500 units; handover target: 3,000–3,200 units.

• Strategic focus on scaling volumes in core markets, especially Warsaw, and entering Tri-City.

• Management expects continued strong sales and project deliveries, supported by a large land bank and high pre-sales levels.

• Continued expansion in the popular segment and new project launches planned for H2 2026.

• No financial forecasts for 2026 were published.