One United Properties (BVB: ONE), Romania’s leading developer of sustainable real estate, recorded consolidated revenues of RON 1.2 billion in the first nine months of 2025, up 15% year-on-year. Gross profit reached RON 426 million, a 21% increase, while net profit rose by 18% to RON 353.2 million.

Residential revenues amounted to RON 975.7 million, up 19% compared to 2024, driven by strong sales momentum and consistent construction progress. Net residential income advanced by 31% to RON 359.6 million, while the net margin improved to 36.9%, surpassing the company’s 35% target.

Rental income from commercial properties and tenant services increased by 6% to RON 120.4 million, with net rental income stable at RON 78.4 million. The company leased and pre-leased 7,739 sqm of office and retail space and extended leases for an additional 21,900 sqm, reflecting the resilience of its commercial portfolio.

“The first nine months confirm the solidity of Bucharest’s residential market and the strong demand for the ONE product. High pre-sales levels ensure visibility on future cash flows, while cost optimization measures continue to improve profitability. We expect to close the year in line with the approved budget,” said Victor Căpitanu, co-CEO of One United Properties.

Administrative expenses decreased by 16% to RON 45.5 million, supporting a 22% increase in operating profit to RON 475.2 million. The company maintained a solid financial position, with a gross loan-to-value ratio of 31% and a net debt of RON 837.2 million, representing 14% of total assets, which reached a record RON 6.1 billion.

During the period, One United Properties delivered 224 residential units in the One Lake Club (Phase 2) and One Mamaia Nord 2 developments. The company currently has 3,817 units, 22,000 sqm of office space, and 21,000 sqm of retail space under construction, with a gross development value exceeding EUR 1.4 billion. Additionally, it owns and pre-acquired land plots for future projects with an estimated GDV of EUR 2.35 billion.