Slides
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H 1 2026 Result s Presentation archicom.pl
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This presentation has been prepared by Archicom (‘ Archicom ’ or the ‘Company’) . The presentation has been prepared for information purposes only and does not constitute an offer or a solicitation of an offer, in particular of securities . This Presentation does not contain a complete or comprehensive analysis of Archicom or the Archicom Group, nor does it present their positions and prospects in a complete or comprehensive manner . The presentation has been prepared with due care, but it may contain inaccuracies or omissions . Therefore, it is recommended that any person intending to make an investment decision involving securities issued by Archicom should rely on the information contained in the following publicly available documents : periodic reports, current reports and confidential information . This presentation includes forward - looking information . Such information cannot be regarded as an assurance or forecast of expected future events and results . The information is based on numerous assumptions, expectations or views of the persons preparing the presentation and other factors . Many of these factors are outside the Company's knowledge, awareness or control . Actual events and results may differ significantly from the expected future events and results described in this presentation . The Company, the members of the body of the Company, its employees, advisors, their representatives or any other persons involved in the preparation of this presentation shall not be held liable for any reason connected with its use . Moreover, no information included in this presentation constitutes a commitment or representation on the part of the Company or any designated person . The reproduction, distribution and transmission of this presentation in jurisdictions other than Poland may be restricted by law and persons who may receive this presentation should familiarise themselves with and observe any such restrictions . Failure to comply with these restrictions may be a violation of the applicable law . Disclaimer archicom.pl 2
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Agenda 1. Highlights 2. Strategic Priorities 3. Current market conditions 4. Operational update 5. Financial results 6. ESG 7. Post - H1 2026 events 8. Outlook for 2026 9. Q&A 3 archicom.pl
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Justyna Kawa justyna.kawa@archicom.pl Contact information Dawid Wrona CEO President of the Management Board of Archicom S.A CFO Archicom S.A . H1 2026 Financial Results Presentation 4 archicom.pl ▪ are anonymous ▪ are muted by the organiser ▪ can ask questions in the chat Please ask questions using the chat, we answer them after the presentation. Participants Questions
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Highlights 01 archicom.pl Swobodna Living Wrocław
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• No. 1 in Poznań • No. 1 in Łódź • Target to be TOP 3 in the remaining markets Proven growth and scalable sales platform Strong H1 2026 archicom.pl 6 1 321 units sold (+ 14 % y/y) 1 137 units handover (+181% y/y) 3, 162 units in offer +1 225 units added to the offer 13 173 units secured in the landbank 625 mln PLN Sales revenue SG&A per unit sold ( - 11% y/y ) Strong dividend payer 74 mln PLN Net profit Bulwar Północny Wrocław
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Strategic Priorities 0 2 Zenit Łódź archicom.pl
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Expansion in the popular segment – new land and sales launches 8 / Dynamic growth in the popular segment / ▪ Land bank expansion – securing three key land acquisition transactions for future residential developments in strategic metropolitan areas : Warsaw, Wrocław , and Poznań . ▪ Offer expansion (Q 3 /Q 4 ) : - n ew projects already in pre - sales : Moje Iwiny (Wrocław) and Osiedle Kolektyw (Poznań) - c ontinuation of the Zenit project in Łódź through the launch of the next development phase - n ew project launch in Poznań (sales start planned for Q 4 2026 ) 0 1000 2000 3000 4000 5000 2024 2025 2026 2027+ Share of the popular segment 40 % 50 % 35 % 50 % Sales target 4 000 Sales target 3 200 - 3 500 Sales 2 196 Sales 2 847 archicom.pl Flow Łódź Osiedle Kolektyw , Poznań Moje Iwiny , Wrocław
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/ Nowy Rytm Kabaty / Urban design project with benefits for the city and its residents ▪ The Warsaw City Council has approved the Kabaty project on KEN Avenue ▪ 410 apartments and 18 retail units (ca . 5 000 PUM) ▪ Public infrastructure contribution ▪ Pre - sales launch for the first phase of the project scheduled for Q 3 2026 Ongoing Lex Developer projects: ▪ Wrocław , Astra West 608 units ▪ Warsaw , Modern Mokotów 426 units ▪ Warsaw , Postępu 409 units Planned completion of administrative procedures, paving the way for project launches in Q 3 /Q 4 2026 . Lex Developer Projects Expected acceleration of administrative procedures in H2 2026 archicom.pl 9 Modern Mokotów Warszawa Nowy Rytm Kabaty Warszawa Astra Wrocław
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Key Benefits of Team Integration Across the Group : • Stronger negotiating position through greater scale and consolidated capabilities across Contracting and Procurement • More effective use of expertise and know - how through close collaboration between Design, Contracting , and Procurement teams • Greater operational flexibility enabled by the seamless allocation of construction crews and specialists across projects • Enhanced capacity to deliver large and complex projects by leveraging the Group’s combined resources and capabilities • Improved profitability through economies of scale , process standardization , and cost optimization . Team Integration Driving Scalable Growth archicom.pl 10 ▪ Integracja funkcji w ramach Grupy Echo w celu optymalizacji kosztów ▪ Wzmocnienie przepływu wiedzy między zespołami z różnych segmentów organizacji ▪ Koncentracja na efektywności operacyjnej jako fundament wspierający przyszły wzrost ▪ Synergie zakupowe Nadrzędnym celem jest dalszy wzrost skali działalności bez zwiększania kosztów ogólnych dzięki synergiom w ramach Grupy Echo
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TOWAROWA 22 New brand campaign Creative interpretation of W ar s a w’ s iconic symbol – the campaign's central figure connects the city's rich heritage with a contemporary European way of life Pioneering use of generative AI - the entire creative concept was developed using a suite of 16 artificial intelligence models The campaign delivered through an AI -Native approach Exceptional production efficiency – the campaign was developed in less than one month by a team of three specialists The p rime location between Śródmieście and Wola
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M7 Apartments Towarowa 22 Super Quarter · Archicom Collection The first luxury residential address ready to move into this year . Gutenberga Apartments Architecture inspired by the history of the printing house
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Current Market Trends 0 3 Bociana 5 Kraków archicom.pl
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Solid demand fundamentals and a strong supply recovery archicom.pl 14 / Supply / ▪ In Q2 2026, developers launched 13.1k new residential units across the 7 largest markets, up 27.6% q/q . ▪ Continued new project launches increased the market offering to a safe level of over 70.3k units at the end of the quarter. / Prices / • The pricing situation in the market remains stable , with average asking prices across most analyzed cities broadly unchanged quarter - on - quarter . • P rice differentiation was primarily driven by the profile of new projects . Increases in average asking prices, particularly in Wrocław and the Tricity, resulted from the launch of higher - standard projects in prime locations . / Demand / ▪ In Q2 2026, a total of 11.8 k apartments were sold across the 7 major cities, confirming sustained, solid buyer interest. ▪ Following a very strong start to the year, quarterly sales naturally stabilized, while remaining 12.7% higher year - on - year, underscoring the market's long - term resilience
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Echo - Archicom Group records another sales increase against the market downturn archicom.pl 15 Own elaboration based on data from OtoDom and BuiltMind 19% q/q growth against a contracting market ( - 8.4%)*. This result was achieved while consistently maintaining a stable pricing policy. * data based on listed companies' current reports and the JLL quarterly report 5% 41% 4% 19% - 16% 6% - 11% - 8% 23% 26% - 15% - 18% 31% - 4% - 2% 0 200 400 600 800 1000 1200 1400 1600 Quarter - on - Quarter Results of Listed Developers 1Q2026 2Q2026
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Operational Update 0 4 archicom.pl Apartamenty Esencja II Poznań
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530 / Sales vs. Offer / Echo - Archicom Group 410 472 589 632 619 725 1 066 Target to maintain offer size equal to the sales target for the next 12 months Strong sales growth supported by a balanced project pipeline archicom.pl 17 337 384 445 587 470 528 524 970 561 674 ~800 1 100 - 1400 73 88 144 138 60 104 95 96 41 44 2 127 3 237 2 983 3 009 3 493 2 937 2 905 3 258 3 238 3 162 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 1Q2026 2Q2026 3Q2026 4Q2026 2024 2025 2026 Echo sold Archicom sold Archicom and Echo offer at the end of quarter The sales target for 2026 is 3,200 - 3,500 units sold 1 320 units sold in H1 2026 + 14 % y/y 602 The sales target for 2026 is 3,200 - 3,500 units sold 718
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Town H1 202 5 H1 202 6 Main projects in H1 2026 Warszawa 226 327 Modern Mokotów I , Modern Mokotów III , IV,VI, Stacja Wola, Apartamenty Gutenberga, Flare Grzybowska, Apartamenty M7 Wrocław 243 257 Browary Wrocławskie, Atrium, Powstańców 7D, Bulwar Północny, Przystań Reymonta, Mosaico , Południk 17, River Point Pozna ń 250 270 Wieza Jezyce , Apartamenty Esencja II Łódź 277 307 Zenit, Flow , Fuzja, Kraków 92 113 29L, Zakątek Telimeny, Bociana 5, Lea Spot, Dąbrowskiego Katowice 74 46 Mikato Total 1 162 1 320 Color code : Archicom’s projects , Echo’s projects Diversified geographic exposure supporting stable sales growth / Sale of apartments by city / Echo - Archicom Group archicom.pl 18 0 200 400 600 800 1000 1200 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Warszawa Wrocław Poznań Łódź Kraków Katowice
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Apartments from Archicom and Echo projects handed over / Projects with OP* in 2026 / Echo - Archicom Group Completed in H1 2026: ▪ Flow I, Łódź ▪ Południk 17 K1, Wrocław ▪ Południk 17 K2, Wrocław ▪ Wieża Jeżyce V, Poznań Planned for Q3 2026: ▪ Flare Apartamenty Grzybowska, Warszawa - completed ▪ Wieża Jeżyce VI, Poznań - completed ▪ Flow II, Łódź - completed ▪ Apartamenty M7, Warszawa ▪ Przystań Reymonta WR1 - 2, Wrocław Strong handover pipeline for 2026 archicom.pl 19 1 137 Handovers in H1 2026 / 1 078 2 138 3000 - 3200 0 500 1 000 1 500 2 000 2 500 3 000 3 500 2024 2025 2026 The handover plan for 2026 is 3,000 – 3,200 units * Occupancy permit
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Archicom Land Bank / Archicom land bank as of June 3 0 , 202 6 / % - share of each city City # of projects # of apartments Wroc ł aw 10 1 890 Wars z aw a 6 1 143 Krak ó w 4 999 Łó d ź 5 1 132 Pozna ń 3 598 Katowice 1 347 Total 29 6 109 / Projects under construction Archicom as of June 3 0 , 202 6 / City # of projects # of apartments Owned Secured Owned Secured Wroc ł aw 14 8 2 396 2 084 Wars z aw a 10 12 1 614 2 351 Krak ó w 6 2 731 479 Łó d ź 6 - 1 456 - Pozna ń 8 2 1 696 366 Total 44 24 7 893 5 280 Projects under construction 9% 30% Kraków Łódź Warszawa Poznań Wrocław 34% 11% 30% 16% 9% 10% 31% 19% 18% 16% Katowice 6% archicom.pl 20 Constant focus on growing landbank / Land Bank / 13 173 apartments F ocus on increasing landbank in popular segment with strong focus on Warsaw and Wroclaw
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The number of units sold and available is presented for the entire Echo Investment Group . / Housing under construction: of which available and sold [%] / Echo - Archicom Group Out of H1 202 6 completions almost 100 % is already sold archicom.pl 21 A high share of sales in completed projects reduces the risk in the early stages As of the end of H1 2026 our offer comprised 3 162 units Selling 80% of units by handover and the remaining 20% within six months ensures maximized returns for shareholders. 80% Our target 2 737 3 171 4 308 4 238 4 411 4 577 4 836 6 327 6 404 6 407 6 667 5 782 6 109 64% 64% 58% 35% 36% 49% 50% 46% 55% 61% 59% 50% 54% 30.06.2023 30.09.2023 31.12.2023 31.03.2024 30.06.2024 30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 31.12.2025 31.03.2026 30.06.2026 available units sold units
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New Launches in H 1 202 6 ▪ Łódź – 426 units (Zenit) ▪ Poznań – 439 units ( Wieża Jeżyce ) ▪ Warszawa – 170 units (Apartamenty Gutenberga) ▪ Wrocław - 190 units ( River Point, Bulwar Północny ) Projects in p re - sales ▪ Kraków – 247 units (Stańczyka, Dąbrowskiego) ▪ Poznań – 132 units (Osiedle Kolektyw) ▪ Wrocław – 384 units (Swobodna Living , Moje Iwiny ) ▪ Warszawa – 465 units (Modern Mokotów, Nowy Rytm Kabaty) Expanding project pipeline driving future sales growth Expanding project pipeline driving future sales growth Pre - sale 1 157 units archicom.pl Start of sales 1 225 units in H1 2026 Bulwar Północny Wrocław Osiedle Kolektyw Poznań
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City Units on offer Added in H1 26 Projects Wrocław 908 190 Południk 17, Przystań Reymonta, Gwarna, Powstańców 7D, Browary Wrocławskie BR1,BR2 , Atrium, Mosaico , Bulwar Północny, River Point Warszawa 517 170 Flare Apartamenty Grzybowska, Modern Mokotów, Stacja Wola III, Apartamenty M7, Apartamenty Gutenberga Poznań 329 439 Wieza Jeżyce , Esencja II Łódź 614 426 Flow , Zenit Kraków 647 - 29L, Bociana 5 , Dąbrowskiego, Zakątek Telimeny, Lea Spot Katowice 67 - Mikato Total 3 082 1 225 Łódź 71 Fuzja Lofty Warszawa 9 Modern Mokotów Total 80 Group total 3 162 / Share of markets in offer ( available ) / Echo - Archicom Group / Diversified market presence / Archicom Echo Strong and diversified offer across major markets / Offer of the end of H1 2026 / 3 162 units archicom.pl 23 0 500 1000 1500 2000 2500 3000 3500 4000 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Wrocław Warszawa Poznań Łódź Kraków Katowice
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Financial Results 0 5 archicom.pl Przystań Reymonta Wrocław
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Q2 2026 results vs. PAP consensus The key volume of handovers in the current first half of the year was recognized in Q1, whereas in 2025 it was concentrated in Q2. The Q2 2025 result was additionally supported by the one - off sale of a land plot located on Chłodna Street in Warsaw . Operational performance at the EBIT level better than consensus, while net profit within the range due to financial costs higher than in Q1. Project profitability remains high, supporting a positive outlook for the coming quarters . Q2 2026 Comment Q2 2 0 2 6 (average) Q2 202 6 (range) 247.1 232 – 261 27.7 24.6 – 30.1 20.3 17.7 – 23.3 H1 202 6 H1 202 5 Revenue 624.5 324.9 EBIT 99.7 28.4 Net profit attributable to equity holders of the parent company 74.4 ( - 1.1) Actual results [PLN m] 25 Q2 202 6 Q2 202 5 257.9 303.4 31.6 61.7 19.0 31.1 PAP Consensus
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116,3 188,4 H1 2025 H1 2026 / Revenue / PLN milion PLN million 3 0.06. 202 5 30.06. 202 6 Sales revenue 324,9 624,5 Cost of sales 208,6 436,1 Gross profit/ loss on sales 116,3 188,4 Gross margin 35,8% 30,2% / Results / / Gross profit on sales / PLN million 324,9 624,5 H1 2025 H1 2026 Project Handovers H1 2026 ( units ) Poznań, Wieża Jeżyce V 266 Wrocław, Południk 17 K1 242 Łódź, Flow I 191 Wrocław, Południk 17 K2 162 Warszawa, Modern Mokotów VI 86 Łódź, Zenit IV 21 Other 15 Total 983 Revenues recognized from 983 unit handovers in H 1 202 6 vs . 360 in comparable period of 2025 . y/y margin change : driven by the one - off impact of a land on Chłodna Street in Warsaw sale and a different mix of handovers in H 1 2025 % of gross margin results from the mix of handovers archicom.pl Profit on sales in H1 2026 Mieszkania Sady nad Zieloną 2 4 River Point 6 1
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mln PLN H1 2025 H1 2026 / Results / Sales revenue 324,9 624,5 Cost of sales - 208,6 - 436,1 Gross profit/loss on sales 116,3 188,4 Gross margin 35,8% 30,2% SG&A costs - 85,5 - 86,0 Other operating activities and revaluations - 2,4 - 2,7 Operating profit (EBIT) 28,4 99,7 Financial activities and share of result of jointly controlled entities - 2,1 - 9,7 Income tax - 6,9 - 15,5 Net profit/ loss from continuing operations 19,4 74,4 Net profit/ loss from operations abandoned - 20,4 - Net profit/loss - 1,1 74,4 Revenue was recognized from 983 units handed over in H 1 2026 , compared to 360 in the corresponding period of 202 5 / SG&A costs per sold apartments (PLN k)/ H1 2025 H1 2026 change r/r SG&A costs to sold apartments 73,5 65,2 - 11% Sales costs to sold apartmens 40,1 36,5 - 9% Costs of GA to sold apartmens 33,5 28,7 - 14% SG&A per apartment sold - 11% y/y Full - year gross margin target: 30 – 40% archicom.pl 27 H1 2026 results We reduce SG&A costs per apartment sold by optimizing structures and functions within the Echo Group. This allow us to significantly increase our operational efficiency. The organizational structure has been aligned with a scale of operations corresponding to annual sales of approximately 4,000 apartments. The target SG&A cost per apartment is planned at PLN 50,000.
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227,1 303,9 184,8 119,1 2 615,0 3 017,8 712,7 675,8 31.12.2025 30.06.2026 Non-current assets Inventory Receivables and loans granted Cash and other short-term financial assets / Assets / PLN milion / ▪ The I nventories reflect the implementation of the growth strategy – including investments in land purchases and the execution of 29 projects with over 6 , 100 units . ▪ Cash converted into business growth – through the acquisition of new land (recognized under investment properties and inventories), as well as the extension of a loan to a joint venture for the development of a residential project 3 739,6 4 116,6 28 Balance sheet - the foundation for growth archicom.pl
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1 245,7 1 214,9 821,3 441,6 1 672,5 2 460,1 31.12.2025 30.06.2026 Short-term liabilities Long-term liabilities Equity / Liabilities / PLN milion / 5 6 % of short - term liabilities are customer prepayments Change in long - term liabilities due to reclassification of M 8 / 2023 and M 9 / 2024 to short - term liabilities The implementation of the growth strategy, which includes: ▪ expanding the sales offer ▪ advancing ongoing development projects ▪ acquiring new land 29 Stable financing structure with increasing clients ' prepayments 4 116,6 3 739,6 archicom.pl
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1 255,5 1 214,9 1022,2 1 421,8 63,1 55,7 682,0 683,2 239,5 227,1 303,9 31.12.2025 30.06.2026 Cash and other short- term financial assets Banks credits and loans Bonds Leasing Liabilities from prepayments and advances for housing Equity 239,6 mln PLN 31.12.2025 30.06.2026 Cash and other short - term financial assets 227,1 303,9 Bank credits and loans 239,5 239,6 Bonds 682,0 683,2 Leasing 63,1 55,7 Net financial debt 757,5 674,6 Equity 1 245,7 1 214,9 Net financial debt / equity 0,61 0,56 Liabilities on account of prepayments and advances for premises (apartments and services) 1 022,2 1 421,8 / PLN milion / ▪ The Group’s dynamic growth has been financed primarily through available cash, bond issuance, and customer payments ▪ +PLN 400 million in customer prepayments as a result of increased sales ▪ The net debt - to - equity ratio decreased to 0 . 5 6 , driven significantly by an increase in cash archicom.pl Diverse sources of financing
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2026 2027 (Q1) 2027 (Q2) 2028 (Q2) 2029 (Q1) / No bonds maturity in 2026 / M8/2023 210,0 M9/2024 168,0 M10/2024 190,0 M11/2025 120,0 ▪ In H1 202 6 , the Company acquired land worth PLN 140 million ▪ At the end of H1 202 6 , projects worth PLN 50 0 million were under acquisition negotiations ▪ Planned refinancing of part of the bonds still in 2026 through the issuance of new debt securities with a lower margin ▪ We are targeting to keep debt/equity ratio in long term below 0,5x with flexible approach to financing sources archicom.pl Future spending forecast: debt redemption and land acquisition Consistent execution of the growth strategy *including funds in trust and blocked accounts As of 3 0 . 06 .202 6 the Company had PLN 304 million in operational capacity in cash. 31 Looking at ways to finance the business more effective and benefit from a strong financing market
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/ Dividend in CF terms, i.e. in the year in which it was paid out / million PLN 64,4 114,6 105,3 82,5 2024 2025 2026 Advanced dividend Final dividend 32 / 2024 profit dividend / Dividend per share for 2024: PLN 3.37 PLN 3.37 = PLN 1.41 paid as an advance in 2024 + PLN 1.96 paid in November 2025 Total distribution to investors for 2024: PLN 197.1 million / 2025 profit dividend / Dividend per share for 202 5 : PLN 1.80 Total distribution to investors for 202 5 : PLN 1 05 . 3 million Dividend paid in July 2026 Archicom continues to be a strong dividend payer archicom.pl 32 146,9 114,6 105,3
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ESG 0 6 archicom.pl Apartamenty M7 Warszawa
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Echo - Archicom Group ESG activities in 2026 Expanding project pipeline driving future sales growth archicom.pl Bulwar Północny Wrocław Osiedle Kolektyw Poznań Implementation of the Group’s ESG Strategy by translating key ESG priorities into specific initiatives, operational objectives, and clearly defined responsibilities across individual teams Continuation of work on the development of a decarbonization strategy covering greenhouse gas emissions across all three scopes of the GHG Protocol, with the aim of defining ambitious yet achievable decarbonization pathways for the Group in the coming years Preparing for upcoming regulatory changes sustainability , which will have a significant impact on the real estate sector
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Events after H1 202 6 0 7 archicom.pl Flow Łódź
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Start of 1 285 units in new projects Q3 2026 archicom.pl 36 New projects introduced to the offer in Q3 2026 – 1 285 units : ▪ Flow III (Łódź) 228 units ▪ Zenit VIII (Łódź) 192 units ▪ Przystań Reymonta WR4 (Wrocław) 210 units ▪ Moje Iwiny I (Wrocław) 103 units ▪ Osiedle Kolektyw (Poznań) 146 units ▪ Modern Mokotów V (Warszawa) 125 units ▪ Swobodna Living (Wrocław) 281 units Projects that obtained OP in Q3 2026 – 1 164 units : ▪ Flare Apartamenty Grzybowska (Warszawa) 77 units - completed ▪ Wieża Jeżyce VI (Poznań) 272 units - completed ▪ Flow II (Łódź) 327 units - completed ▪ Apartamenty M7 (Warszawa) 143 units ▪ Przystań Reymonta WR1 - 3 (Wrocław) 345 units Securing n ew l and a cquisitions in the popular s egment in Wrocław , Warsaw and Poznań – 2 200 units Swobodna Living Swobodna Living is a 281 - unit residential development embedded within a dynamic mixed - use city quarter. The project offers outstanding access to urban amenities, including the Main Railway Station, retail destinations and cultural venues. Its distinctive architectural quality is reflected in carefully designed loggias, generous floor - to - ceiling glazing and private terraces on the top floors . Osiedle Kolektyw, Poznań Moje Iwiny , Wrocław Swobodna Living , Wrocław Modern Mokotów, Warszawa
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2026 Outlook 0 8 archicom.pl Powstańców Śląskich 7 Wrocław
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Strengthening market position ▪ Sales target: 3,200 – 3,500 units ▪ Handovers target: 3,000 - 3,200 units ▪ Lex Developer pipeline ▪ Construction efficiency ▪ Organizational optimization ▪ Scalable platform Scaling development volumes Operational excellence To achieve that our strategic priorities for 2026 are: 38 Scaling volumes in the most liquid residential markets while improving operational efficiency ▪ Warsaw – core market ▪ Popular segment ▪ Potential Entry into a New Market - Tri - City Strategic ambition: The top 3 residential developers in Poland's 6 largest markets
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Thank you! Bulwar Północny Wrocław