Finances
In 2025, MLP Group signed a historic record of 370,941 sqm of leases, which translated into record financial results, both in terms of revenues and net profit, which reached PLN 459 million. Net Asset Value increased 18% year-on-year, while revenues and EBITDA grew by 15% each.
MLP Group maintains a strong liquidity position, enabling the financing of its growth ambitions while maintaining a fixed cost of debt and a conservative repayment profile. Taking into account the current geopolitical situation and high volatility in the economic environment, the Group is very well prepared for current challenges and intends to maintain discipline in the implementation of investments, reflecting a long-term approach to risk management. Poland remains the main growth engine and the Group’s key market. At the same time, development in Germany and Austria represents an important element of the implementation of the long-term expansion strategy.
Selected financial ratios (2025)
6.6
Return on assets ROA (%)
net profit (loss) / total assets
93.4
Return on equity ROE (%)
net profit/(loss) / adjusted equity
43.3
LTV ratio (%)
total net debt (excluding valuation of borrowings at amortised cost) / fair value of investment property (excluding perpetual usufruct of land) and non-current assets
45.7
Equity ratio (%)
total equity / total assets
| MLP Group basic financial data (in million PLN) | ||||||
| in million PLN | 2025 | 2024 | 2023 |
2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenues | 420.5 | 372.4 | 360.8 | 279.1 | 200.6 | 190.7 |
| Gain on revaluation of investment property | 494.1 | 359.4 | (257.7) | 455.1 | 540.3 | 213.3 |
| Operating profit | 701.7 | 543.0 | (79.7) |
590.2 | 632.3 | 297.8 |
| Net profit | 459.0 | 372.2 | (52.1) |
422.4 | 480.5 | 170.4 |
| Total assets | 6988.1 | 6470.0 | 5089.6 |
4990.1 | 3786 | 2683.0 |
| Total long term liabilities | 3401.8 | 3365.5 | 2351.7 |
2219.9 | 1722.4 | 1374.7 |
| Total short term liabilities | 389.3 | 358.3 | 342.3 |
272.2 | 238.7 | 96.4 |
| Total equity | 3197.0 | 2746.2 | 2395.6 |
2497.9 | 1824.5 | 1211.7 |
| Share capital | 6.0 | 6.0 | 6.0 |
6.0 | 5.3 | 4.9 |
| Total shares (pcs.) | 23,994,982 | 23,994,982 | 23,994,982 | 23,994,982 | 21,373,639 | 19,720,255 |
| Dividends (PLN/share) | 0 | 0 | 0 |
0 | 0 | 0 |