One United Properties posts a consolidated turnover of EUR 162.3 million and a gross profit of EUR 59.8 million in H1 2025

One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 162.3 million euros in the first half of 2025, up 15% year-on-year (YoY), and a gross profit of 59.8 million euros, up 12% YoY, while the net profit stood at 49.6 million euros, up 8% YoY.

“The acceleration of residential revenues in the first half of 2025 is a direct outcome of the strong sales activity carried out by our teams in the past quarters and the visible progress across our construction sites. These results reflect both continued demand from our clients and a disciplined execution of our development teams. With 79% of available residential units already sold as of June 30th, 2025, we benefit from strong visibility over future cash inflows and reduced inventory-related risks. This cycle, of high-level pre-sales and timely construction progress, enables us to reinvest capital efficiently – in development of residential or commercial properties such as office, hospitality or retail parks, with yearly return on equity of 20% or more. It is a model we have consistently applied: using the capital generated by our business to finance long-term growth, while gradually building a diversified platform that balances risk, return, and scale,” stated Victor Capitanu, co-CEO at One United Properties.

Revenues from the residential segment reached 128.2 million euros in H1 2025, a 22% YoY increase driven by solid sales performance throughout the past year and steady construction progress. The net income from residential property accelerated 24% YoY, to 46.2 million euros, due to construction advancing across the entire development portfolio. Consequently, the net margin increased from 35.3% in H1 2024, to 36.1% for H1 2025, above the margin of 35% targeted by One United Properties for the segment.

Rental income, which includes revenues from the commercial division and tenant services, rose by 6% YoY to 16 million euros in H1 2025, while the net rental income increased by 1% YoY to 10.5 million euros, reflecting stability of the commercial portfolio. In H1 2025, the Group leased and pre-leased 26,431 sqm of office and retail spaces comprising 7,483 sqm of new leases and 18,948 sqm of lease extensions, reinforcing the superior quality of One United Properties’ commercial portfolio.

In H1 2025, the Group recorded gains totaling 17 million euros, a 13% YoY decrease, with the value recorded for 2025 reflecting the acquisition of the land for One City District, where One United Properties will build its first development targeting the affordable premium segment. A year prior, the Group recorded 15.1 million euros in gains from investment property fair value adjustment, representing rental apartments as well as gains related to One Technology District.