Business news for the stock market
UBM Development AG: UBM posts a profit in the third quarter
Wien (pta006/27.11.2025/07:00 UTC+1)
- 355 apartment sales - increase of 25% versus previous year
- €1.9 bn development pipeline with nearly 2,800 apartments
- 30% equity ratio and solid liquidity
- Outlook: profitable second half-year with a total of 450 apartments sold in 2025
Vienna, 27.11.2025 – The positive trend in apartment sales for UBM Development AG continued in the third quarter. By 30 September 2025, a total of 355 apartments had already been sold with an increase of 25% compared to the previous year. In addition, UBM delivered on its promise to return to profitability, generating pre-tax earnings of €1.9m in the third quarter. "Following the black zero in the second quarter, we have now delivered a clearly profitable quarter. The current trend makes us confident," says UBM CEO Thomas G. Winkler.
Stable financial position
UBM succeeded in keeping liquidity at a stable level in the first three quarters of 2025, ending the quarter with €142m in cash and cash equivalents. The successful placement of the fourth green bond in October 2025 will bring additional fresh capital in Q4 but is primarily intended to flatten the repayment profile. (The bond repayment of €75m was made on time on 13 November.) Net debt remained below €600m throughout the first three quarters and stood at €583.2m as of 30 September 2025 (2024: €545.9m). Based on total assets of €1,164.1m, the equity ratio was 30.0%.
Sustainable pipeline with 2,800 apartments
UBM's project pipeline for the next four years has a volume of approximately €1.9bn, nearly 60% of which consists of residential projects, with more than 90% located in Austria and Germany. With around 2,800 residential units currently under development, construction or already being marketed, UBM is optimally positioned in the booming residential market. Standardisation, modularisation and the consequent use of timber as a building material remain the central levers for the future. More than three quarters of the pipeline consists of projects in timber-hybrid.
Outlook
UBM expects a clear operational recovery in 2025, supported by a return to the profit zone in the second half of the year. Due to the challenging market environment, safeguarding liquidity remains a priority. At the same time, the strong apartment sales throughout 2025 might indicate the beginning of a turnaround in the real estate market. It is expected that 2026 might already lay the foundation for future profitability.
Earnings and financial indicators in detail
UBM generated revenue of €97.3 million in the first three quarters of 2025, compared with €63.4 million in the comparable prior year period. Earnings before tax (EBT) improved to
€-3.9 million after €-14.5 million in the prior-year period, still reflecting the losses incurred in the first quarter. Earnings per share based on net profit, improved by roughly half – from €-2.67 in the first three quarters of 2024 to €-1.32.
Key performance indicators Q1-Q3 2025 UBM Development
| Key earnings figures (in €m) | Q3 2025 | 1-9/2025 | 1-9/2024 | Change |
| Total Output1 | 78.0 | 218.3 | 319.4 | -31.7% |
| Revenue | 37.7 | 97.3 | 63.4 | 53.5% |
| EBT | 1.9 | -3.9 | -14.5 | 73.4% |
| Net profit | 1.6 | -5.0 | -15.7 | 68.3% |
| Key asset and financial figures (in €m) | 30.9.2025 | 31.12.2024 | Change | |
| Total assets | 1,164.1 | 1,182.4 | -1.6% | |
| Equity | 348.9 | 343.7 | 1.5% | |
| Equity ratio (in %) | 30.0 % | 29.1 % | 0.9 PP | |
| Net debt2 | 583.2 | 545.9 | 6.8% | |
| Cash and cash equivalents | 142.3 | 199.5 | -28.7% | |
| Key share data and staff | 30.9.2025 | 30.9.2024 | Change | |
| Earnings per share (in €)3 | -1.32 | -2.67 | 50.6% | |
| Market capitalisation (in €m) | 159.2 | 154.7 | 2.9% | |
| Dividend per share (in €) | - | - | - | |
| Staff | 211 | 242 | -12.8% |
1 Total Output corresponds to the revenue and incr./decr. in real estate inventories from fully consolidated companies, proportional revenue from
companies consolidated at equity, and the revenue from property sales through share or asset deals.
2 Net debt equals current and non-current bonds and financial liabilities, excluding leasing liabilities, minus cash and cash equivalents.
3 Earnings per share after the deduction of hybrid capital interest. Values are based on Q3.
UBM Development is one of Europe´s leading developers of timber construction projects. The strategic focus is on green and smart building in major cities like Vienna, Munich, Frankfurt or Prague. Platinum from EcoVadis and Prime Status from ISS ESG confirm the consequent focus on sustainability. With over 150 years of experience, UBM offers all development services from a single source, from planning to marketing. The shares are listed on the Prime Market of the Vienna Stock Exchange, the segment with the highest transparency requirements.
(end)
| Emitter: |
UBM Development AG Laaer-Berg-Straße 43 1100 Wien Austria |
|
|---|---|---|
| Contact Person: | Christoph Rainer | |
| Phone: | +43 664 80 1873 200 | |
| E-Mail: | investor.relations@ubm-development.com | |
| Website: | www.ubm-development.com | |
| ISIN(s): | AT0000815402 (Share) AT0000A2QS11 (Bond) AT0000A35FE2 (Bond) AT0000A3FFK1 (Bond) AT0000A3K955 (Bond) AT0000A3PGY9 (Bond) XS2355161956 (Bond) | |
| Stock Exchange(s): | Vienna Stock Exchange (Official Trade); Free Market in Frankfurt (Scale) |