Slide 1: Presentation for Investors 3Q 2025
PRESENTATION FOR INVESTORS 3Q 2025
Slide 2: Develia Group – 3Q 2025 Summary
Develia Group – 3Q 2025 Summary ❑ Residential Sector • 2,500 premises sold in Q3 2025 vs. 2,700 in 3Q 2024 - 81% of the 2025 target, a 6.7% growth year-on-year • 1,963 premises delivered in Q3 2025 vs. 1,797 in Q3 2024 - 68% of the 2025 target • 2,213 new premises under construction commenced in 3Q
Slide 3: Develia Group – 3Q 2025 Summary
Develia Group – 3Q 2025 Summary ❑ Development of Partnerships On October 9, 2025, a public-private partnership agreement was concluded with the Municipality of Gdańsk for the “Nowy Port 2030+” project. The objective of this initiative is the comprehensive development and construction of the Nowy Por
Slide 4: Agenda
Agenda 1. Market Overview 2. Residential Sector 3. Commercial Real Estate 4. Key Financials 5. Attachments
Slide 5: 1. Market Overview
1. Market Overview 44 DEVELIA
Slide 6: Residential Market - October 2025
Residential Market - October 2025 6 According to preliminary data from Otodom Analytics, 4,000 apartments were sold in October, a figure comparable to the revised September result. Since the beginning of the year, developers have sold 31,600 apartments across the seven key markets (Warsaw, Kraków, W
Slide 7: Residential Market – 3Q 2025
Residential Market – 3Q 2025 In 3Q 2025, 34,800 apartments were completed and delivered for use, representing a 19% increase compared to the previous quarter and a 13% year- on-year rise. Cumulatively, over 91,900 apartments were completed in 2025, up The number of building permits issued, construct
Slide 8: 2. Residential Sector
2. Residential Sector 4DEVELIA | |
Slide 9: Top Real Estate Development Companies in 3Q 2025
Top Real Estate Development Companies in 3Q 2025 9
Slide 10: Units sold
Units sold Residential Segment as of September 30, 2025 0 6 1 8 12 2 JV 1 82 8 6 JV 206 1 0 PO N PO N 1 6 28 0 1 218 K TOW C K TOW C 1 1 8 18 16 12 16 Ł Ł 1 2 1 1 G K 1 2 G K 12 1 1 0 C COW 12 1 C COW 1 0 16 W OCŁ W 82 W OCŁ W 2 1 1 W W 280 W W 220 1 0 221 11 0 CITY 1Q 2Q 3Q 4Q 2024 1Q 2Q 3Q 4Q 2025
Slide 11: Units sold – sales target
Units sold – sales target Residential Segment as of September 30, 2025 target: 3100-3300 3079 2933 2700 2425 2194 2744* 2500 1949 1699 2167 1469 1910 1699 1038 1380 Sales 2024 cummulatively 780 1160 Sales 2025 implementation 462 951 Sales 2025 forecast 621 325 * The data includes sales by BIP for th
Slide 12: Units delivered
Units delivered Residential Segment as of September 30, 2025 0 1 JV 1 8 JV PO N 6 10 PO N K TOW C 8 28 1 K TOW C Ł 162 22 1 0 208 G K Ł 1 6 8 6 112 0 G K 1 1 8 1 6 C COW 11 8 10 6 W OCŁ W C COW 211 6 2 111 20 0 W OCŁ W 2 2 6 W W 102 8 1 W W CITY 1Q 2Q 3Q 4Q 2024 1Q 2Q 3Q 4Q 2025 DELIVERIES DEV 598 3
Slide 13: Delivery Potential Based on Units Under Construction
Delivery Potential Based on Units Under Construction Residential Segment as of September 30, 2025 / Sales Progress by Start of Handover 0% 18 743 60% 2 18 10% 8 % 62 0% 81 2 %2 202 2026 202 sold for sale The delivery target in 2025 is 2,900 – 3,100 units In 3Q 2025, 1,963 units were delivered, and 6
Slide 14: Units in the Current Offering
Units in the Current Offering Residential Segment as of September 30, 2025 in offer added in 202 The 2025 target for new units to be added to the offering is 3,100 to 3,300. 13
Slide 15: Develia and BIP – projects under construction / secured land / JV
Develia and BIP – projects under construction / secured land / JV. Aleje Praskie Przy Parku Vita - Tricity Warsaw, Praga-Południe Wrocław, Krzyki 955 / 2,596 available for sale: 221 available for sale: 121 under preparation: 142 under preparation: 629 Ceglana Park Bemowo Vita 513 / 1,433 59
Slide 16: Changes in the Investment Portfolio
Changes in the Investment Portfolio (*) event after the balance sheet date (**) post-balance sheet event – concluded partnership (JV, PPP) 2022 2023 2024 3Q.2025 Estimated Estimated Estimated Estimated LOCATION usable floor area usable floor area usable floor area usable floor area number of number
Slide 17: 3. Commercial Real Estate (Divested)
3. Commercial Real Estate (Divested) 17
Slide 18: Assets
Assets Arkady Wrocławskie ▪ n une , , the ssuer and its subsidiary, rkady rocławskie . ., in which the ssuer holds % of the shares entitling it to 100% of the votes at the general meeting, entered into a final sale agreement with Vastint Poland Sp. z o.o. to execute the preliminary sale agreement co
Slide 19: 4. Key Financials
4. Key Financials 44 DEVELIA
Slide 20: Financial Results
Financial Results ROE and ROE (adjusted net profit) 20,5% 18,9% 22,1% 17,5% 16,7% 17,8% Revenue from sales (mPLN) 1 789,5 16,2% 17,2% 11,2% 1 607,8 8,5 11,0% 7,5% 34,9 1 315,7 5,8 1 067,9 1 037,6 2020 2021 2022 * 2023 2024 3Q'2025 54,4 7,9 911,9 88,9 1 781,0 1 572,9 -10,5% 1 309,8 517,1 1 013,6 1 02
Slide 21: Assets
Assets Inventory value land for development (mPLN) 183,9 GAV Investment property and assets held for sale (mPLN) 3 722,4 99,2 112,8 2 794,2 2 689,1 987,9 98,1 926,6 2 213,4 55,1 91,9 0,0 1 569,6 1 556,0 631,9 1 246,0 312,2 266,6 2020 2021 2022* 2023 2024 3Q'2024 3Q'2025 90,4 * transformed data Inven
Slide 22: Financial Position
Financial Position Bond maturity structure (mPLN) Total bonds: PLN 620 M Indebtedness¹– ratios 180 2000 0,3 160 1800 0,27 1 778,3 160 160 1 717,0 140 0,25 1600 1 548,4 120 0,22 1 400,4 1 427,4 1400 100 1 317,8 0,2 100 100 100 80 1200 0,18 60 1000 915,0 911,6 0,15 883,9 849,3 813,2 40 769,3 800 692,4
Slide 23: Dividend Policy
Dividend Policy Dividend paid out in consideration of adjusted consolidated net profit (mPLN) Dividend paid out in consideration of adjusted consolidated net profit (mPLN) (1) The dividend policy was suspended in 2019 under the resolution adopted by the Company’s Management Board on 23/7/2020 due to
Slide 24: 5. Attachments
5. Attachments 44 DEVELIA
Slide 25: 2025 Targets
2025 Targets Sale under development and preliminary sale agreements of 3,100 – 3,300 units Sale in 2025 rkady Wrocławskie Delivery 2,900 – 3,100 units Implementation of at least two projects in the living segment Adding to the offering, and construction started 3,100 – 3,300 units 25
Slide 26: Develia Group's Strategy for Years 2024-2028 long-term goals
evelia Group’s trategy for Years 202 -2028 long-term goals Further substantial expansion of the scale of operations Expanding own operations as the contractor of works as in the flats for sale segment to the sales level of 4,500 part of the Group. flats in 2028. Consistently replenishing and securin
Slide 27: Key KPIs for Years 2024 - 2028
Key KPIs for Years 2024 - 2028 To increase the scale of operations Malin Project – to carry out the from nearly 2,700 to 4,500 (in 2028) Dividend potential of above PLN warehousing project on a JV in the housing segment, increasing 1,350 M for payment in the period basis. the share up to 7-8% in the
Slide 28: Revaluation of Investment Property
Revaluation of Investment Property Arkady Period ended Retro Office Babka Wrocławski Sky Tower Silesia Star Wola Retro Malin Kolejowa TOTAL 30 September 2025 House Tower e Revenue from the sale of real esstate 181 733 - - - - - - - 181 733 Value of the real estate sold (181 733) - - - - - - - (181 7
Slide 29: The fair values of assets and liabilities acquired
The fair values of assets and liabilities acquired as of the date when control was obtained Fair value of acquired assets Non-current assets 9 972 Property, plant and equipment 9 227 Deferred tax assets 745 Current assets 662 182 Inventory 560 368 Trade and other receivables 36 426 Other financial a
Slide 30: Develia Group – P&L
Develia Group – P&L 30 September 2025 30 September 2025 Operating activity Sales revenue 1 315 658 1 037 594 Revenue from sales of services 6 771 10 057 Revenue from sales of goods and products 1 308 887 1 027 537 Cost of sales (818 359) (701 163) Pre-tax proffit/(loss) on sales 497 299 336 431 Prof
Slide 31: Develia Group – Balance Sheet / Assets
Develia Group – Balance Sheet / Assets 30 September 2025 31 December 2024 Assets A. Non-current assets 560 352 447 814 1. Goodwill 121 968 66 858 2. Intangible assets 2 124 4 561 3. Property, plant and aquipment 37 479 30 276 4. Non-current recievables - 612 5. Land classified as fixed assets 101 73
Slide 32: Develia Group – Balance Sheet / Liabilities
Develia Group –Balance Sheet / Liabilities 30 September 2025 31 December 2024 Equity and liabilities A. Equity 1 778 269 1 717 005 I. Equity attributable to shareholders of the parent 1 776 897 1 715 291 1. Share capital 463 336 457 678 2. The excess of the sale price of shares over their nominal va
Slide 33: Develia S.A. – P&L
Develia S.A.– P&L 30 Spetember 2025 30 September 2024 Operating activities Revenue from the sale 626 956 434 664 Revenue from the sale of services 39 023 27 326 Revenue from the sale of goods and products 587 933 407 338 Cost of goods sold -404 511 -310 368 Gross profit/(loss) from sales 222 445 124
Slide 34: Develia S.A. – Balance Sheet / Assets
Develia S.A. – Balance Sheet / Assets 30 September 2025 31 December 2024 Assets A. Non-current assets 2 337 607 1 819 713 1. Intangible assets 1 748 3 187 2. Property, plant and equipment 24 273 25 144 3. Non-current loans and receivables 715 958 498 844 4. Non-current investments 1 523 280 1 220 28
Slide 35: Develia S.A. – Balance Sheet / Liabilities
Develia S.A. – Balance Sheet / Liabilities 30 September 2025 31 December 2024 Equity and liabilities A. Equity 1 690 910 1 593 351 1. Share capital 463 336 457 678 2. Called-up share capital not paid 839 685 775 798 3. Other reserve funds 8 739 9 623 4. Other capital 36 074 10 407 5. Net profit/(los
Slide 36: Residential Projects Under Construction
Residential Projects Under Construction Number of Planned Construction Apartments and Wuwa Vita 1 Wrocław Flats 2Q'2026 176 Name of Project City District Segment Completion Date Commercial Premises Wuwa Vita 2 Wrocław Flats 2Q'2027 178 Aleje Praskie 4Q'2026 142 Warszawa Praga Południe Flats, Service
Slide 37: Key Acquisition Details Bouygues Immobilier Polska sp. z o.o.
Key Acquisition Details Bouygues Immobilier Polska sp. z o.o. Tworzymy miejsca do życia od 1 lat
Slide 38: Strategic Rationale for BIP
Strategic Rationale for BIP The transaction aligns with the Develia Group’s growth strategy, enabling rapid scale-up while maintaining a secure financing structure. Develia The transaction is consistent with the Develia long-term strategy. Strategy (growth through M&A, development in the key markets
Slide 39: BIP By the Numbers
BIP By the Numbers Key Figures Transaction EUR 65.9 M 1 value Apartments sold and transferred by BIP, 2022-2024 Completed apartments Developer agreements One of the largest institutional housing developers with 1 Scale foreign capital, present in 3 cities - 24 years of activity on the Polish market
Slide 40: Management Board
Management Board Andrzej Oślizło, PRESIDENT OF THE MANAGEMENT BOARD Paweł Ruszczak, VICE PRESIDENT OF THE Andrzej ślizło is a graduate of the Academy of Economics in Katowice (with a major in Economics) MANAGEMENT BOARD and the Silesian University of Technology in Gliwice (with a major in IT). He al
Slide 41: Shareholding
4 Shareholding Shareholders list Scheme of shares NUMBER OF SHARES NUMBER OF SHARES. NAME (s) (ary) Otwarty Fundusz Emerytainy PZU .Ziota Jesien” 18.41 85 289660 463 336 271 Notionale-Nederlanden Otwerty Fundusz Emerytainy 1918 04150673, NUMBER OF SHARES(QTY) Allianz Polska Otwarty Fundusz Emerytain
Slide 42: Disclaimer
DISCLAIMER By taking part in a meeting during which this Presentation will be displayed and by reading slides presented you undertake to comply with the below restrictions. The foregoing applies to the Presentation, information contained herein presented orally by the Company or any person acting on