Robyg (ROB2) Q1 2026 earnings summary

Executive summary

• Revenues for 1Q 2026 reached PLN 316 million, up 83.9% year-over-year, with strong cash position of PLN 268 million and operating cash flow of PLN 99 million (excluding plot purchases).

• 620 units were pre-sold (net after cancellations), 650 developer and preliminary agreements signed, and 285 units recognized in revenues.

• Total land bank stands at 17,824 units, with 1,847 units on offer and 7,110 units under construction.

Financial highlights

• Gross profit on sales increased 93.2% year-over-year to PLN 69.2 million; net profit rose 137% to PLN 36.6 million.

• Gross profit margin on sales was 21.9% (vs. 20.8% prior year); net profit margin improved to 11.6% from 9.0%.

• Cost of sales rose 81.4% to PLN 246.8 million; administrative expenses stable at PLN 17.2 million.

• Net cash flows from operating activities were PLN 4.0 million, a significant improvement from negative PLN 46.1 million in 1Q 2025.

Outlook and guidance

• Strategic goal to achieve residential sales of 2,800–3,000 units in 2026, scaling to 4,500–5,000 units mid-term.

• Plans include maintaining margins, expanding in major Polish cities (including Krakow), and sustaining land bank levels.

• Continued realization of ESG strategy and operational cooperation with TAG Immobilien AG.