Finances

MLP Group delivers record leasing performance
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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