CLERHP Reports Remarkable Growth as It Transitions to Property Development

CLERHP's Transition: A Growth Story

In a significant turning point, the Spanish firm CLERHP, historically focused on engineering, architecture, and construction, is evolving into a major player in property development. By the end of the first half of 2026, the group reported a remarkable 43% increase in its balance sheet, now valued at approximately USD 163.84 million. This change reflects not only strategic shifts in the company's operations but also optimism for its future prospects.

Financial Highlights

The group’s financial health has demonstrated a positive trajectory with a noteworthy increase in the value of its land holdings, now amounting to a staggering USD 308 million. In addition, the firm has approved a substantial financing programme that extends up to USD 75 million, paired with investment-grade ratings from Moody's local Panamá and PCR. These advancements signal confidence in the group’s operational capabilities and long-term plans, further enhanced by their 2026–2028 Strategic Plan, which anticipates revenues of USD 797.58 million.

During the first half of 2026, CLERHP achieved revenues totaling USD 7.20 million, marking a 2.25% increase from the same period last year. The EBITDA for this same period rose to USD 4.61 million, showcasing a remarkable 28.64% improvement. After a challenging period in 2025, the company rebounded to report a net profit of USD 2.24 million, an encouraging sign for both stakeholders and investors.

Larimar City Resort: The Jewel in CLERHP's Crown

One of the primary contributors to CLERHP’s growth is the Larimar City Resort, touted as the first Smart City in the Dominican Republic. This ambitious project alone has accumulated sales surpassing USD 410 million as of October 2026. Its distinct approach to property development, as well as its innovative features, underline the project's potential as a major driver of future revenue. The value of land designated for the Larimar City Resort is currently estimated at USD 528 million, which reflects an astounding increase of USD 484.25 million since its acquisition.

Despite impressive sales figures, CLERHP's Chief Financial and Operating Officer, Juan José Moreno, emphasizes that the revenue from these sales will only be recognized upon the handover of properties to owners. This means that while the sales reflect a robust market response, the actual financial gains will appear in the income statements once the properties are officially handed over to buyers.

Strategic Financing and Future Outlook

Currently, CLERHP has secured a total financing of USD 69.50 million. This includes USD 30.76 million from bond offerings in Vienna and Panama, as well as USD 38.74 million from private debt arrangements. The Panama bond program, which holds a total value of USD 75 million, has about USD 48 million yet to be placed, ensuring ample future financial flexibility.

With a strategic transformation underway, CLERHP solidifies its position in the real estate market while pioneering innovative urban development in the region. As the first homes are expected to be handed over soon, the firm’s balance sheet is set to exhibit further improvements, representing not only a growth in assets but also in investor confidence and market share.

Conclusion

CLERHP's transformative journey from an engineering firm to a property developer demonstrates its resilience and innovative spirit. As the focus on projects like Larimar City Resort intensifies, stakeholders remain optimistic about the company’s ability to navigate the complexities of the real estate market while achieving substantial growth in the coming years.