Cordia Strengthened Market Positions in 2025

For Cordia International SE, the developer of residential properties and seller of residential units, 2025 was a year of very strong operational performance, reaffirming the resilience of the company's strategy and the sustained demand for high quality residential developments across its markets.

Tibor Földi, Chairman of the Board, Cordia International SE stated in a report published on the website of the Budapest Stock Exchange that despite a mixed macroeconomic environment, the company's diversified portfolio and disciplined execution allowed it to strengthen its market position and continue delivering on its long-term growth objectives.

In Hungary, the residential market recorded one of its strongest years of the past decade. Demand remained robust, supported by government measures, improved household liquidity and a continued preference for modern, energy efficient homes. Prices continued to rise and the market became increasingly selective and quality driven. In this environment, Cordia maintained its strong position despite its portfolio not being aligned with the parameters of the “Home Start” program, underlining the lasting appeal of prime urban locations and higher quality developments.

Across its international markets, conditions varied yet continued to support the Group’s diversification strategy. Poland experienced a modest recovery following a weaker prior year, supported by improved mortgage affordability, although absorption periods lengthened amid strong supply. In Romania, demand remained constrained by macroeconomic factors, while limited new supply continued to support pricing. Spain, particularly the Costa del Sol, remained resilient, driven by strong domestic and international demand. The UK residential market showed gradual stabilisation, with the build to rent segment continuing to attract strong institutional interest.

In this environment, Cordia delivered a very strong operational performance. During 2025, it sold over 700 homes in Hungary and more than 1,000 homes across the Group, confirming sustained demand across its core markets. A key operational highlight was the start of construction of nine new projects during the year, including five in Hungary, two in Poland, one in the United Kingdom and one in Spain, reflecting the company's strong execution capabilities and confidence in the depth of its development pipeline.

Cordia's flagship Marina City development in Budapest’s 13th district remained a cornerstone of its portfolio, with Phase 4 sales under way. It also continued to advance several major projects in Hungary, including Woodland Phase 2 and Corvin Campus, a landmark residential conversion project delivered in cooperation with Futureal, which demonstrates Cordia's ability to respond flexibly to changing market needs, the Chairman said.

Internationally, construction commenced at Bradford Works in the United Kingdom, marking an important milestone in Cordia's build to rent and shared living strategy. "Our land bank now enables the development of more than 9,000 homes, providing strong visibility for future growth. During the year, it was further strengthened through the acquisition of land plots in Romania for two new projects, including Centropolitan, where construction has recently started, reinforcing our long-term commitment to selected European markets," he pointed out.

Cordia’s financial position remained very strong throughout 2025. "We maintained a solid balance sheet and high liquidity, closing the year with a record reserve of HUF 229 billion allocated for bond and loan repayments, underscoring our prudent and disciplined financial management. In the fourth quarter of the year, we successfully completed a EUR 150 million bond issuance, further strengthening our liquidity position and extending our funding profile, reflecting continued investor confidence in Cordia’s strategy and long-term prospects, the Chairman of the Board highlighted.