A record year for Matexi Polska. Revenue nears half a billion zloty

The Belgian developer closed 2025 with the best results in its Polish history. Consolidated revenue from flat sales reached PLN 468.8m, net profit came in at PLN 79.9m, and 439 completed units were handed over to customers. For the company, 2025 was a year of concentrated handovers — and a marked jump in scale, made all the more significant by a market that was slowing down as a whole.

Results that beat the previous year

Matexi Polska's revenue grew by 54.4 per cent against PLN 303.6m a year earlier. Net profit — calculated excluding the impact of reorganisation — more than doubled compared with the PLN 37m recorded in 2024. The number of handovers was key: 439 flats represents around 55 per cent more than the 282 units handed over the previous year. This brings the company close to its previously announced target of around PLN 500m in revenue. As Zofia Szymońska, chief financial officer and board member, noted, the result was driven by on-schedule project delivery and financial discipline, which allowed the company to enter 2026 with a stable land bank and a prepared project pipeline.

Results against a slowing market

Matexi's jump looks even stronger set against the market as a whole. Across Poland's seven largest markets, developers sold around 49,500 flats in 2025, though the pace varied widely: Kraków grew by around 16 per cent, Warsaw by around 6 per cent in the number of agreements. At the same time, supply shrank noticeably — around 52,300 units came to the seven markets, roughly a fifth fewer than a year earlier — while prices began to stabilise in the fourth quarter. Matexi thus grew faster than the capital's market, which, combined with double-digit revenue growth and a doubling of profit, marks an above-average result.

Sales and plans for 2026

On the sales side, Matexi Polska signed a total of 362 development agreements in 2025 — around 14 per cent more year on year. Warsaw accounted for 262 flats, Kraków for 100. For 2026, the company is targeting sales of around 400 units and handovers of around 300 flats to customers; 27 of these had already been handed over in the first quarter of this year. A land bank supporting the delivery of more than 3,000 flats gives the developer a comfortable base for further growth and limits the risk of downtime between successive phases.

New developments launching

The company is expanding its offer in areas where it already holds an established position. In the first quarter of 2026, the Verdea Żoliborz project at ul. Przasnyska 6A went on sale — a seven-storey building with 67 flats and seven retail units. Completion of the Żelazna 54 development, with 141 flats, is scheduled for the first quarter of 2026, and the second phase of Sady Żoliborz (66 flats) for the second half of the year. In Kraków's Stare Podgórze district, the company unveiled the boutique Apartamenty Józefińska 16 residence with 45 flats. The spread of these projects — Żoliborz and Wola in Warsaw, Podgórze in Kraków — shows the developer consistently deepening its presence in districts it already knows well.

The 2025 results show a developer growing in an orderly fashion — combining record revenue with a steady expansion of its offer in Warsaw and Kraków. 2026, with a target of around 400 flats sold, will test whether this pace can be sustained at a time when the market as a whole is only just rebuilding supply.