Robyg S.A. · GPW:ROB
Robyg — H1 2026 Earnings Presentation
63 slides from Robyg's earnings presentation, September 2026
Slide 1: Financial Results
FINANCIAL RESULTS Warsaw, September 2026
Slide 2: Agenda
AGENDA PART 01 Summary PART 02 Sales results and revenue perspective PART 03 Financial results PART 04 Plans of ROBYG Group PART 05 ESG PART 06 Appendices 2
Slide 3: Part 01 Summary Q1/H1 2026
ROBYG PART 0! Summary Q1/H1 2026
Slide 4: Summary Q1 2026
01. Summary Q1 2026 Financial Results Q1 2026 Revenues Strong cash position* 316 mln PLN 268 mln PLN Operating cash flow Net debt ratio: 99 mln PLN 0,25 (excl. purchases of new plots) (Net Debt** / Equity) 4 * Including amounts kept on individual escrow accounts. **Net debt = interest bearing liabil
Slide 5: Summary H1 2026
01. Summary H1 2026 Developer and preliminary Number of units Units presold: agreements signed: under construction: app. 1 280 * app. 1 255 * app. 6 890 ** Building permits received (eq. of units): (net after cancellations) (net after cancellations) Number of units recognised app. 1 290*** Units on
Slide 6: Activities for other entities within TAG Rent Poland
01. Summary H1 2026 ROBYG Group’s activities for other entities within TAG Rent Poland* General contractor services General contractor services Estimated revenue from services Number of units completed Number of units under construction provided to TAG Rent Poland as of 30.06.2026 : as of 30.06.2026
Slide 7: Material acquisitions and financial activities
01. Summary H1 2026 Gdynia Gdańsk Warsaw Warsaw ROBYG Group – material acquisitions and financial activities Łódź New financing: 300 mln PLN NEW PLOTS Kraków approx. 341 mln PLN Area of plots Type of FINANCIAL ACTIVITY [ha] contracts Locations 1,2 Final Warsaw, Targowek CREDIT FACILITIES 3,1 Final K
Slide 8: Part 02 Sales results & revenue perspective
PART 02 Sales results & revenue perspective 8
Slide 9: Developer and preliminary agreements signed in H1 2026
02. Sales results & revenue perspective Developer and preliminary agreements signed in H1 2026: 1 255* 4308 17% 100% -5 0 % 3471 -27% 27% 2957 2% 31% 2 8 0 9 -3 3 % 10% 2 5 6 9 -16% 2520 33% 2 507 22% 2333 2118 2156 2144 56% 1731 1891 9% 1 255 1019 1113 2011 2012 2013 2014 2015 2016 2017 2018 2019 2
Slide 10: Pre-sold units in H1 2026
02. Sales results & revenue perspective 609 UNITS 48% GDANSK & GDYNIA Pre-sold units in H1 2026: 1 280* 129 398 UNITS UNITS 10% POZNAN 10% 28 31% UNITS 9% WROCLAW POZNAN WARSAW 2% 116 48% GDANSK & GDYNIA UNITS LODZ 9% 31% WARSAW WROCLAW 2% LODZ 10 * Incl. 286 agreements in jointly controlled project
Slide 11: Units on offer
02. Sales results & revenue perspective ROBYG Group – units on offer FINISHED GOODS ON O F F E R : 6% Number of units on offer 2329* 2314 2060 1949 1948 112 134 1777 79 23 1579 75 58 2 202 2 195 39 58 58 58 1981 1926 1873 1719 1540 1719** 1719** 1719** 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025
Slide 12: Revenue recognition
02. Sales results & revenue perspective ROBYG Group – revenue recognition (as at June 30th, 2026) Recognition potential of units in revenues: Number of units recognized in revenues (quarterly) Units not presold and not recognized*: 2 329 Completed: 134 Under construction**: 1 727 Which construction
Slide 13: Units to be completed in 2026-2027
02. Sales results & revenue perspective Number of units to be completed in 2026-2027 and also (contracted) until June 30th 2026 2026 2027 Total & contracted 2026+2027 Total units Contracted Total units Contracted Total units Contracted Rytm Mokotowa, Wendy, Apartamenty Krakowska, Pas Startowy (JV Pr
Slide 14: Number of units to be completed in 2026
02. Sales results & revenue perspective Number of units to be completed in 2026 Gdańsk & Gdynia Warsaw Wrocław & Poznań Total no. of units to be Total no. of units to be Total no. of units to be Project Project Project completed in 2026 completed in 2026 completed in 2026 Nadmotławie 235 Modern City
Slide 15: Number of units to be completed in 2027
02. Sales results & revenue perspective Number of units to be completed in 2027 Gdańsk & Gdynia Warsaw Wrocław & Poznań Total no. of units to be Total no. of units to be Total no. of units to be Project Project Project completed in 2027 completed in 2027 completed in 2027 Lawendowe Wzgorze 53 Metro
Slide 16: Part 03 Financial results
PART 03 Financial results 16
Slide 17: Financial results
03. Financial results (PLNk) 1Q 2026 1Q 2025 Change 2025 Revenues 316 070 171 902 83,87% 1 546 114 Sales of residential and commercial units 203 800 99 725 104,36% 1 100 345 Revenues from sales to related parties 108 895 68 566 58,82% 405 104 Other revenues 3 375 3 611 (6,54%) 40 665 Cost of sales (
Slide 18: Financial condition
03. Financial results Financial condition (PLNk) 31.03.2026 31.12.2025 Change Total assets, including: 4 436 713 4 317 708 2,76% Non-current assets, including: 1 248 927 1 208 784 3,32% Investment properties and investment properties under construction 933 430 902 635 3,41% Loans granted to related
Slide 19: Statement of cash flow
03. Financial results Statement of cash flow (PLNk) Q1 2026 Q1 2025 2025 Net cash flows from operating activities, including: 3 998 (46 138) (146 354) Expenditures for the purchase of new plots (94 692) - (408 847) Net cash flows from investing activities, including: (26 787) (159 448) (139 671) Pur
Slide 20: Debt financing
03. Financial results Debt financing Nominal value and maturity of bank credit facilities and bonds as at March 31st 2026 (PLNm). DEBT - Aging <1 year 1-2 years 2-3 years 3-4 years Over 4 years Total BANK CREDIT FACILITIES - 196 - - - 196 BANK CREDIT FACILITIES – - 49 29 - - 78 Jointly Controlled Pr
Slide 21: Leverage and collections
03. Financial results Leverage and collections as at March 31st 2026 Net debt ratio: Net Debt * / Equity = 0,25 Net debt * / (Equity + Net Debt*) = 0,20 * Net debt = interest bearing liabilities + derivatives + guarantees granted – intercompany loans – cash and cash equivalents – amounts kept on ind
Slide 22: Part 04 Plans of ROBYG Group
PART 04 Plans of ROBYG Group 22
Slide 23: Strategic goals
04. Plans of ROBYG Group Strategic goals Residential sales in 2026 at the level of approx. 2.8-3.0k units*. Progressively scale annual sales to reach a target of approx. 4.5-5k units* in the mid term Maintaining of margins Commencement of development activities in Kraków Development of the land bank
Slide 24: Total land bank
04. Plans of ROBYG Group Total land bank as of 30.06.2026: 18 026** units + 2 329 units on offer = 20 355 units Gdańsk&Gdynia Warsaw Wrocław Poznań District Number of units % District Number of units % District Number of units % District Number of units % Zaspa 169 5% Wilanów 580 6% Krzyki 248 13% P
Slide 25: Land bank by ownership and planning status
04. Plans of ROBYG Group Land bank by ownership status Land bank by planning status as of 30.06.2026 as of 30.06.2026 6% 26% 37% 36% 58% 21% 16% Final Preliminary Conditional Preliminary BP in preparation BP in place BP applied Zoning in progress 25
Slide 26: Summary Q1/H1 2026
Summary Q1/H1 2026 Please contact us: Units pre-sold H1 2026 : 1 280 (net after cancellations) Investor Relations ROBYG S.A. ri@robyg.com.pl Units on offer H1 2026: 2 329 (out of which 6% are finished goods) (22) 419 11 00 Revenues Q1 2026: PLN 316 million Strong cash position Q1 2026*: PLN 268 mill
Slide 27: Part 05 ESG
PART 05 ESG Creating people and planet friendly spaces 27
Slide 28: ESG mission and directions
05. ESG LEADERS MISSION DIRECTIONS . “At ROBYG, our goal is to create not 1 SOCIAL IMPACT only buildings, but also friendly residential estates integrated with their surroundings, designed as places to live for entire communities. Our intention is to 2 ENVIRONMENTAL IMPACT design and deliver develop
Slide 29: ESG Area in 2025
05. ESG SOCIAL AND ENVIRONMENTAL MATTERS ESG Area in 2025 Przygotowanie Preparation ofskonsolidowanego the consolidated 90% powierzchni użytkowej raportu zrównoważonego rozwoju we 90% of the usable area of all sustainability report in cooperation Uruchomienie Launch of two pilot2 projects projektówa
Slide 30: ESG – Environment
05. ESG – Environment ENVIRONMENTAL IMPACT Being aware of the environmental impacts associated with our business, we monitor selected environmental aspects and implement measures defined in our internal ESG Strategy. Strategic Goals Areas of Action 1. 100% of electricity used in ROBYG’s construction
Slide 31: ESG – Society
05. ESG – Society SOCIAL IMPACT Construction actively participates in shaping new communities. This involves not only erecting new buildings, but also creating infrastructure, shaping greenery and designing spaces for recreation, integration and relaxation. Our stakeholders play an important role in
Slide 32: ESG – Corporate Governance
05. ESG – Corporate Governance SUSTAINABLE BUSINESS In our business, we aim to cooperate with local suppliers and business partners, while managing the company in a way that ensures operational efficiency and maintains stable financial results. Sustainable management also means communicating about o
Slide 33: Environmental and social impact standard
05. ESG ENVIRONMENTAL AND SOCIAL IMPACT INTERNAL ENVIRONMENTAL AND SOCIAL IMPACT STANDARD An audit conducted in 2025 confirmed 100% compliance of ROBYG S.A. developments with the guidelines of the Internal Environmental and Social Impact Standard. The Internal Standard contains a comprehensive catal
Slide 34: ESG approach
05. ESG At ROBYG, we are consistently developing our approach to identifying and managing the environmental and social impacts associated with our business. We use our previous actions and experience to further improve the solutions we apply, as well as the way they are implemented and monitored. We
Slide 35: Part 06 Appendices
PART 06 Appendices 35
Slide 36: Senior Management Team
06. Appendices Senior Management Team Oscar Kazanelson Eyal Keltsh Artur Ceglarz Chairman of the President of the Board, Marta Hejak Vice President, CFO Vice President, Supervisory Board CEO Head of Business Dev. Years at ROBYG: 20+ Years at ROBYG: 17 Years at ROBYG: 11 Years at ROBYG: 20+ ▪ Preside
Slide 37: Ownership structure
06. Appendices Ownership structure 25,20% 2,20% 67,10% 5,50% TAG Beteiligungs- und Immobilienverwaltungs GmbH European Bank for Reconstruction and Development Management Team Shares Other shareholders 37
Slide 38: TAG Immobilien AG consolidated financials
06. Appendices TAG Immobilien AG consolidated financials (EURm) Financial data (EURm) Q1 2026 2025 2024 2023 2022 Assets 8 934,3 8 951,2 7 750,3 7 299,8 8 214,6 Equity 3 335,6 3 322,0 3 099,9 2 964,5 3 307,7 EBITDA (adjusted) rental business 64,3 247,6 238,5 236,4 233,5 EBITDA (adjusted) from sales
Slide 39: Projects under construction (1)
06. Appendices Description of investments – under construction (1) Lawendowe Wzgorza / Osiedle Kameralne City Sfera Stacja Nowy Gdansk City: Gdańsk City: Warsaw City: Warsaw District: Jasien District: Bemowo District: Wlochy No. of stages: 37 No. of stages: 7 No. of stages: 11 Stages completed: 36 S
Slide 40: Projects under construction (2)
06. Appendices Description of investments – under construction (2) Young City 2/ Osiedle Życzliwa Praga Modern City Metro Life Apartamenty City: Warsaw City: Warsaw City: Warsaw District: Bemowo District: Tarchomin District: Bemowo No. of stages: 4 No. of stages: 8 No. of stages: 9 Stages completed:
Slide 41: Projects under construction (3)
06. Appendices Description of investments – under construction (3) Porto Nadmotlawie Estate Szumilas City: Gdańsk City: Gdańsk City: Gdańsk (Kowale) District: Nowy Port District: Śródmieście No. of stages: 6 No. of stages: 8 No. of stages: 9 Stages completed: 5 Stages completed: 4 Stages completed:
Slide 42: Projects under construction (4)
06. Appendices Description of investments – under construction (4) Apartamenty Krakowska Dobre Miejsce Początek Piątkowo City: Wrocław City: Gdynia City: Poznań District: Krzyki District: Obłuże District: Piątkowo No. of stages: 6 No. of stages: 1 No. of stages: 8 Stages under construction: 2 Stages
Slide 43: Projects under construction (5)
06. Appendices Description of investments – under construction (5) Sady Ursynów Rytm Mokotowa Apartamenty Lira House City: Warsaw City: Warsaw City: Lodź District: Ursynów District: Mokotow District: Śródmieście No. of stages: 3 No. of stages: 4 No. of stages: 2 Stages completed: 2 Stages completed:
Slide 44: Projects under construction (6)
06. Appendices Description of investments – under construction (6) Wendy Kobieli Leszczyńskich 2 City: Gdynia City: Gdańsk City: Gdańsk District: Śródmieście District: Ujeścisko District: Brzezno No. of stages: 5 No. of stages: 1 No. of stages: 1 Stages under construction: 3 Stages under constructio
Slide 45: Projects under construction (7)
06. Appendices Description of investments – under construction (7) Foresteria Nowa Walowa Elektrovnia Garbary City: Gdynia City: Gdańsk City: Poznań District: Wielki Kack District: Śródmieście District: Ostrów Tumski No. of stages: 7 No. of stages: 4 No. of stages: 12 Stages under construction: 3 St
Slide 46: Projects under construction (8)
06. Appendices Description of investments – under construction (8) Villa Viva Trzemeska Pas Startowy (Zaspa) City: Wrocław City: Wrocław City: Gdańsk No. of stages: 1 No. of stages: 1 No. of stages: 2 Stages under construction: 1 Stages under construction: 1 Stages under construction: 1 No. of units
Slide 47: Completed projects (1)
06. Appendices Description of investments – completed (1) Szczęśliwy Dom Osiedle Zdrowa Nowa Rezydencja Królowej Marysieńki City: Warsaw City: Warsaw City: Warsaw District: Ochota District: Wilanów District: Wilanów No. of stages: 3 No. of stages: 5 No. of stages: 10 No. of units: 304 units No. of u
Slide 48: Completed projects (2)
06. Appendices Description of investments – completed (2) City Apartments Osiedle Królewskie Albatross Towers City: Warsaw City: Warsaw City: Gdańsk District: Żoliborz District: Wilanów District: Przymorze No. of stages: 6 No. of stages: 6 No. of stages: 5 No. of units: 1 190 units No. of units: 640
Slide 49: Completed projects (3)
06. Appendices Description of investments – completed (3) Krolewski Park Park Wola Residence Modern Żoliborz City: Warsaw City: Warsaw City: Warsaw District: Wilanow District: Wola District: Żoliborz No. of stages: 6 No. of stages: 1 No. of stages: 1 No. of units: 528 units No. of units: 317 units N
Slide 50: Completed projects (4)
06. Appendices Description of investments – completed (4) Young City Mlody Wilanow Mila Baltica City: Warsaw City: Warsaw City: Gdansk District: Bemowo District: Wilanow District: Zaspa No. of stages: 9 No. of stages: 3 No. of stages: 2 No. of units: 1 302 units No. of units: 257 units No. of units:
Slide 51: Completed projects (5)
06. Appendices Description of investments – completed (5) Apartamenty Villa Nobile Sloneczna Morena MoreNova City: Warsaw City: Gdansk City: Gdansk District: Wilanow District: Piecki-Migowo District: Piecki-Migowo No. of stages: 3 No. of stages: 22 No. of stages: 3 No. of units: 637 units No. of uni
Slide 52: Completed projects (6)
06. Appendices Description of investments – completed (6) Ogrody Wilanow Green Mokotow Stacja Nowy Ursus City: Warsaw City: Warsaw City: Warsaw District: Wilanow District: Mokotow District: Ursus No. of stages: 3 No. of stages: 9 No. of stages: 5 No. of units: 221 units No. of units: 673 units No. o
Slide 53: Completed projects (7)
06. Appendices Description of investments – completed (7) Forum Wola Praga Arte Leśna Przystań City: Warsaw City: Warsaw City: Wroclaw District: Wola District: Praga Południe District: Osobowice No. of stages: 4 No. of stages: 1 No. of stages: 1 No. of units: 880 units No. of units: 250 units No. of
Slide 54: Completed projects (8)
06. Appendices Description of investments – completed (8) Willa Nad Potokiem Uroczysko Zajezdnia Wrzeszcz City: Wroclaw City: Wroclaw City: Gdańsk District: Fabryczna District: Psie Pole District: Wrzeszcz No. of stages: 1 No. of stages: 3 No. of stages: 14 No. of units: 13 units No. of units: 309 u
Slide 55: Completed projects (9)
06. Appendices Description of investments – completed (9) Więcej Park Południe Apartamenty Królewskie City: Gdańsk City: Gdańsk City: Warsaw District: Łostowice District: Łostowice District: Wilanów No. of stages: 2 No. of stages: 8 No. of stages: 2 No. of units: 378 units No. of units: 565 units No
Slide 56: Completed projects (10)
06. Appendices Description of investments – completed (10) Praga Deco Wojszyckie Alejki Mlode Stogi City: Warsaw City: Wrocław City: Gdańsk District: Praga Południe District: Krzyki District: Stogi No. of stages: 1 No. of stages: 2 No. of stages: 1 No. of units: 192 units No. of units: 210 units No.
Slide 57: Completed projects (11)
06. Appendices Description of investments – completed (11) Kameralna Olszówka VISTA (Myśliwska) Wiśniowa Aleja City: Wrocław City: Gdańsk City: Gdańsk District: Krzyki District: Piecki-Migowo District: Ujeścisko No. of stages: 1 No. of stages: 1 No. of stages: 2 No. of units: 55 units No. of units:
Slide 58: Completed projects (12)
06. Appendices Description of investments – completed (12) Sea Salt Dożynkowa 43 Osiedle nad Widawa City: Gdańsk City: Wrocław City: Wrocław District: Zaspa District: Krzyki District: Psie Pole No. of stages: 1 No. of stages: 1 No. of stages: 1 No. of units: 118 units No. of units: 11 units No. of u
Slide 59: Completed projects (13)
06. Appendices Description of investments – completed (13) Moment Lagom Nowa Letnica City: Gdańsk City: Gdańsk City: Gdańsk District: Ujeścisko District: Ujeścisko District: Letnica No. of stages: 2 No. of stages: 1 No. of stages: 9 No. of units: 207 units No. of units: 41 units No. of units: 2 197
Slide 60: Completed projects (14)
06. Appendices Description of investments – completed (14) Mój Ursus Jutrzenki 92 Praga Piano City: Warsaw City: Warsaw City: Warsaw District: Ursus District: Włochy District: Praga Południe No. of stages: 8 No. of stages: 1 No. of stages: 1 No. of units: 2 293 units No. of units: 142 units No. of u
Slide 61: Completed projects (15)
06. Appendices Description of investments – completed (15) Royal Residence Jagodno Przystanek Tarnogaj City: Warsaw City: Wrocław City: Wrocław District: Wilanów District: Krzyki District: Krzyki No. of stages: 7 No. of stages: 11 No. of stages : 1 No. of units: 1 112 units No. of units: 854 units N
Slide 62: Completed projects (16)
06. Appendices Description of investments – completed (16) Rosa Residence City: Gdańsk District: Ujeścisko No. of stages: 2 No. of units: 108 units Total sellable area: ca 5.6k sqm Start of construction : Q1 2024 Planned completion date: Q2 2026 62
Slide 63: Disclaimer
Disclaimer ROBYG S.A. endeavours to ensure that the information in the presentation is complete and up-to-date, however, we do not make any guarantees in this respect. ROBYG S.A. accepts no liability for the any errors and inaccuracies of this presentation. This presentation has been prepared solely