SUMMARY OF 1H 2025 IN THE DEKPOL GROUP: RECORD RESULTS AND A STRONG POSITION IN A DEMANDING MARKET

The DEKPOL Group, conducting its business activities in the field of general contracting, property development asl well as production of buckets and accessories for construction machines, published its financial results for 1H 2025. In the discussed period, the Group’s revenues amounted to PLN 846.1 million and were higher y/y by 23%. The Group’s EBITDA result amounted to PLN 98 million, which means an increase by 73% y/y. The Group ended the first half of 2025 with a net profit of PLN 64.1 million, representing a 49% year-on-year increase.

At the end of June 2025, the Group’s cash balance amounted to PLN 350.4 million, and the net debt/EBITDA LTM ratio was at a safe level of 0.76.

 

General contracting segment

The General Contracting segment (GW, DEKPOL Budownictwo) is the DEKPOL Group’s largest business segment, accounting for 72% of revenues in 1H 2025. Revenues in the GW segment for the period amounted to PLN 609 million, and were higher by 19.6% y/y, while operating profit reached PLN 44.6 million, representing a 68% y/y increase.

 

At the end of June 2025, the Company’s portfolio included external contracts with a total contractual value of over PLN 2,077 million net. Projects with a total value of approximately PLN 1,162 million net remained to be executed after reporting period. In addition, within the General Contracting segment, the Group is carrying out in-house real-estate development projects with a total value of over PLN 209 million, of which projects worth approximately PLN 107 million net remained to be executed after reporting period. Most contracts of Dekpol Budownictwo are carried out on behalf of private investors. Industrial and logistics projects dominate the ordering portfolio, accounting for around 74% of the total as of the end of June 2025.

Property development segment

In 1H 2025, revenues from the Property development segment amounted to PLN 158.4 million (accounting for nearly 19% of the Group’s revenues), while operating profit reached PLN 46.2 million (higher by 65.2% y/y and 70.5% y/y, respectively). In financial results for 1H of current year, from business activities of the property development segment, the Dekpol Group recognized revenues from sale of 288 units (vs. 168 units in 1H 2024). Contracting in 1H 2025 (defined as preliminary, real-estate development, and reservation agreements) amounted to 354 units, compared with 236 units in 1H 2024.

As of the end of June 2025, Dekpol Deweloper had 729 units available in its sales offer.”

 

Segment of equipment production

The segment of production accessories for construction machines (Dekpol Steel) accounted for 7.5% of the Group’s revenues in 1H 2025. Segment revenues for the period reached PLN 63.5 million (+5.6% y/y), while operating profit amounted to PLN 4.9 million (compared with PLN 6.9 million a year earlier). The Companies Dekpol Steel and Intek continue to implement initiatives aimed at improvement of efficiency, although the first half of 2025 was a period of significant challenges for the production segment, driven mainly by a rapidly changing economic environment in both domestic and foreign markets.

 

Commentary of Management Board to results of 1H 2025

We have completed a very strong half-year – the best in the Group’s history in terms of results achieved – despite the still challenging market environment in which we operate. This is further evidence of our growing efficiency and operational excellence, caused by consistent implementation of our strategy.

The strongest results were delivered by our property development segment, which reported over 65% sales growth and more than a 70% increase in operating profit, supported, among other factors, by completion and handover of high-margin projects. Dekpol Deweloper maintains a solid offering and is pursuing ambitious operational plans while operating in a difficult economic environment.

General Contracting segment remains the main pillar of our business, accounting for around 72% of the Group’s revenues in 1H of this year. Despite an increasingly challenging market, Dekpol Budownictwo has been consistently scaling up its operations, achieving 19% year-on-year revenue growth, while operating profit rose by as much as 68% y/y. We always emphasize that maintaining proper margins on our projects is the key – we strive to ensure that our portfolio is diversified, but above all profitable.

The greatest challenges are still to be faced by the segment of buckets and accessories for construction machines, which continues to feel the impact of the slowdown, uncertainty, and turbulence in the industry. The Company is expanding both its product offering and market reach, with activities in Germany through Reschke Anbaugeräte GmbH, which should support further growth in the DACH markets.

In addition, the results achieved, and our strong financial position once again enabled us to share profits with our Shareholders. In July this year, a dividend in the amount of PLN 28.8 million, i.e. PLN 3.45 per share, was paid out from the profit for the year 2024. – says Mariusz Tuchlin, CEO of DEKPOL S.A.

 

We are proud of the very strong financial results delivered by the DEKPOL Group in the first half of this year, but this does not make us complacent, as the current environment remains highly challenging for doing business. That is why we are continuously working on optimization of the DEKPOL Group’s financing structure, ensuring both security and growth through the execution of ambitious projects. As a part of these efforts, we refinanced a part of M-series bonds, which was possible, among other factors, by signing in June of this year an investment loan agreement with PKO Bank Polski SA for PLN 150 million. Securing this financing on attractive terms demonstrates that institutions recognize our strong competitive and financial position, as well as our consistent strategy execution, which is delivering tangible results.

At the end of June this year, our cash position stood at PLN 350.4 million, while the net debt / EBITDA LTM ratio remained at a safe level of 0.76. With a strong balance sheet and solid cash position, we are well prepared to face upcoming challenges as well as opportunities, which – we hope for – will bring a market recovery. – adds Katarzyna Szymczak-Dampc, Vice-CEO, Financial Director of DEKPOL S.A.

 

 

Contact for media:

Katarzyna Sadowska

cc group

katarzyna.sadowska@ccgroup.pl

cellphone: +48 697-613-020

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Dekpol Capital Group is dynamically developing in construction and property development industry as well as in production of accessories for construction machines. The company was established in 1993. It owns a modern machine park and highly qualified staff. From the beginning of its business activities, it has ambition and determination to further dynamic development with usage of modern technologies. Business activities of the Dekpol Capital Group are based on three main segments. General Contracting services provide the largest share of the Group’s revenues. The offer covers a very wide range of activities. The company has extensive experience in implementation of industrial, logistic, commercial, public, sports and recreational facilities, as well as environmental protection facilities. It also carries out road, sanitary and hydrotechnical works. The company has an established leadership position in Northern Poland and is one of the largest general contracting companies for cubature facilities on a national scale. In turn, Dekpol Steel, the part of the Dekpol Capital Group, is a manufacturer of buckets and accessories for construction machines. It cooperates with the world’s largest manufacturers of construction machinery. The products are sold to Norway, Sweden, Germany, the USA and Great Britain, and even to Morocco and Australia. The third dynamically developing segment of the Dekpol Capital Group is the property development activity, which, from the beginning of 2019, as a part of Dekpol Deweloper Sp. z o.o. offers flats, apartments and commercial premises. Since January 2015, the shares of Dekpol S.A. are listed on the Warsaw Stock Exchange.

More information available at: https://dekpol.pl/