Such a company reconstruction is rare. Polimex Mostostal came close to bankruptcy in the past, but recent results indicate that the bad years are behind it. Last year the group under the new president earned PLN 134 million net after losing PLN 349 million a year earlier. Revenues increased by 45%. up to PLN 4.1 billion.
Already during the year, stock market investors appreciated the good results. The stock has increased by 147% in 12 months. to the current price of PLN 8.52. From a company with serious problems resulting from, among others, Following the bankruptcy of Rafako, Polimex became an entity worth PLN 2.1 billion on the stock exchange. On Monday after the results were published however, shares fall by 4.1 percent, although the results are not actually bad.
In the fourth quarter, the company earned only PLN 22 million net. A year earlier, in the corresponding period, there was a loss of PLN 52 million, so it is difficult to talk about a deterioration of results, but rather about profit-taking by investors who were disappointed by too low profit. Moreover, year-on-year revenues increased by 14%. to PLN 1.1 billion in the fourth quarter.
For the first time in two years, employment increased in the group – by 1.7%. y/y to 4.6 thousand people. Remuneration excluding the management board increased by 9.9%. to an average of approximately 10.6 thousand PLN gross.
PLN 10.7 billion in the order portfolio
The order portfolio of the Polimex Mostostal group, less sales attributable to consortium members, amounts to PLN 10.07 billion, Polimex reported in the report for 2025. The portfolio includes contracts concluded or projects offered, for which Polimex's offer was selected.
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“The capital group's order portfolio has reached a record value in the last 10 years of PLN 10.1 billionensuring business stability in the medium term. We actively participate in tender procedures, especially in key development directions, such as the Central Communication Port, protective infrastructure, nuclear energy and reconstruction of Ukraine. The total value of the ongoing offering processes is currently approximately PLN 37 billion, which represents a significant growth potential for the capital group in the coming years,” said president Jakub Stypuła in a letter to shareholders. He became president in mid-2024, replacing Krzysztof Figat.
The portfolio in individual segments looks as follows:
- Energy Segment PLN 5.5 billion,
- Oil, Gas, Chemicals Segment PLN 2.96 billion,
- Production Segment PLN 0.46 billion,
- Infrastructure Construction Segment PLN 0.3 billion,
- Industrial Construction Segment PLN 0.85 billion.
Work for two years
— Our revenues in the three-year strategy are assumed to be PLN 10 billion. If this result [z 2025 r.] was maintained, we would have exceeded the result at the strategy's revenue level, but the strategy is for a period of three years and we are targeting what we have specified – said Marzena Hebda-Sztandkie, vice president for finance, during a press conference.
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— Compared to what was assumed at the level of strategy models, where there were projects that were 100 percent effective in 2025. contracted, the further to 2025 the risk is greater, because not all projects are contracted, she admitted.
– We are constantly offering, we have a high portfolio – over PLN 10 billion […]. Looking at how much we process per year, we can say that it's safe We have jobs secured for two years and this is the time we have given ourselves in the years 2026-2028 to adapt to the market requirements, the company's work and obtain profitable contracts in order to look into the future and escape the competition – said president Jakub Stypuła.
– We have a good portfolio of energy projects – in 2025, the oil, gas and chemicals segment had more revenues, but we will focus on the energy market – he added.
He emphasized that the group is selective in its approach to contracting. — I don't know if we need to expand our portfolio so much, but if interesting projects appear, we offer them. […] For us, the portfolio is not the measure of success, we are not in a situation where we suddenly have to expand the company. We focus on selective selection of projects and appropriate margins, said the president.
In the longer term, the company plans to enter into contracting activities abroad, mainly on the German market. It also intends to operate on the market of one of its main shareholders, Orlen (Orlen Technologie and Energa have a total of 31.7 percent of shares), i.e. in Lithuania.
