Nexity emerges from the crisis, but loses its number 2

"We have recovered faster than the market anticipated (...) and the results are visible faster than expected," said Véronique Bédague, CEO of the group, during a press conference.

The crisis in the new housing market since 2023 had led the company to cut its workforce, structure, and offerings in order to adapt. The company now presents a new, more regionally focused and cross-functional organization called "New Nexity".

The group's main source of pride: the current operating result (COR) has returned to positive territory, a sign that the company is once again profitable and is no longer losing money in carrying out its business.

This operating profit reached 25 million euros for the scope of "New Nexity", which excludes international activities and those sold off, compared to -118 million in 2024.

The operating margin is back in the green, at +1%, compared to -4% the previous year.

Another "very good news" for Véronique Bédague is that the net debt has been halved in two years, settling at 328 million euros at the end of 2025.

The group's overall financial performance is still suffering from the sale of certain activities and operations and the abandonment of projects, particularly in office real estate - "a deteriorating market" currently, according to the developer.

Nexity thus shows a net loss of 188 million euros in 2025, three times greater than in 2024.

Regarding sales of new housing, Nexity recorded 12.008 reservations in 2025, 10% less than the previous year, mainly due to the fall in acquisitions by individual investors, linked to the disappearance of the Pinel tax break.

The company, listed in Paris, saw its revenue fall by 15% to 2,8 billion euros.

Believing that "Nexity has done most of its transformation" and has returned to a healthy financial trajectory, the group's deputy managing director, Jean-Claude Bassien, submitted his resignation to the board of directors on Wednesday.

He explained at a conference that "the company is smaller, more focused on its core business and perhaps there is not room for two corporate officers", which "led him to make this difficult decision".

Jean-Claude Bassien joined Nexity in 2019 to "boost the group" at the request of former leader Alain Dinin, who already saw "the market moving and the business changing," the number 2 explained to AFP in January.