The loan matures in May 2029.
Impact Developer & Contractor, valued at RON480 million, is 58.5%-owned by founder Gheorghe Iaciu, and 10.1% by brokerage house Swiss Capital. IMP shares have traded 2.5% higher over the last year and 8.2% lower so far in 2026.
Impact Developer released its first-quarter 2026 report on May 27, with one figure standing out: 16 apartments sold, compared to 87 in the same period of 2025. Sales volume fell by 82%, to 1,244 square meters, compared to 6,880 square meters in the first quarter of 2025. The contraction in the residential sector dragged down all lines in the profit and loss account. Consolidated revenue fell by 38%, from EUR17.5 million to EUR10.9 million, but 75% of this amount does not come from apartment sales, but from construction services provided by RCTI Company—the group’s subsidiary—to third-party clients. Real estate development contributed only 19% of revenue. Gross profit halved compared to the first quarter of 2025 – from EUR4.6 million to EUR2.3 million-and the gross margin fell from 26% to 21%, partly because construction services are provided at a lower margin than residential sales, according to its first-quarter 2026 report.