Half Year 2025 One United Properties SA Earnings Call Transcript
Key Points
- One United Properties SA (BSE:ONE) reported a 16% increase in turnover, reaching RON813.2 million in the first half of 2025.
- The company's consolidated gross profit increased to almost RON300 million, with EBITDA reaching RON335 million.
- Residential property sales and revenues accelerated by 23%, supported by strong sales and construction progress.
- The commercial segment achieved a 98% lease rate with 92% of tenants already moved in, reflecting strong occupancy.
- Administrative expenses decreased by 19% due to a cost optimization program, improving overall efficiency.
- Gains from investment property were 12% less compared to the first half of the previous year.
- The cash position decreased by 13% to RON376.8 million due to heavy construction and investment activities.
- Volumes of sold and presold apartments were lower compared to the same period last year, despite an increase in average sales price per square meter.
- There was a slight loss from rental properties under development due to conservative estimates on tenant move-in dates.
- The VAT increase could potentially impact sales, although the company expects minimal effect due to their market segment.
Good morning, and welcome to One United Properties conference call for presenting the results for the first half of 2025. My name is Zuzanna Kurek. I'm Investor Relations Officer at One United Properties. I am joined on this call by Victor Capitanu, Executive Board Member and Co-Founder of One United Properties; and Cosmin Samoila, CFO at One United Properties.
Before we begin, I would like to mention that this call is being recorded and that the recording of the call will be uploaded on our website later today. As stated in the call inviting this video conference, you automatically and implicitly consented to being recorded. If you do not consent to being recorded, please leave the call.
In terms of organizational aspects, let me present to you the setup of this teleconference. Firstly, we'll share with you the financial and operational highlights of the first half of 2025, which will be presented by Victor Capitanu, Cosmin Samoila as well as myself. (Event Instructions) I will be moderating this session. And
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