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  3. •

    Real estate development
Polski Holding Nieruchomosci SA

Polski Holding Nieruchomosci SA

1.95
EUR
0.00
(0.00%)
0.33EPS
6.27P/E
105.51MMarket Cap
Nov 18Next Earn
Polski Holding Nieruchomosci SA
GETTEX:2PN
(Gettex)

Recent

price

1.95

P/E

ratio

6.27

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
4.94
4.32
3.92
3.62
3.43
3.76
3.39
3.61
4.46
14.39
9.38
12.25
11.15
15.93
17.11
20.23
Revenue per Share
-3.38
-3.94
2.29
2.28
1.05
0.66
0.67
1.01
1.44
1.41
1.54
0.6
-3.15
-3.57
3.98
1.41
Basic EPS, GAAP
-0.53
-0.59
0.78
0.34
0.99
0.67
1.47
1.55
3.36
4.86
0.42
1.26
1.04
3.24
5.74
4.39
Free Cash Flow per Basic Share
0.52
- -
- -
2.17
1.3
0.42
0.26
0.27
0.41
0.54
0.35
0.36
0.08
- -
- -
- -
Dividend per Share
43.3
39.41
41.74
41.89
41.73
42
42.42
43.16
44.16
45.01
46.35
47
43.22
39.54
43.54
44.18
Book Value per Share
43.28
39.4
41.74
41.89
41.73
42
42.4
43.14
43.69
44.79
46.34
46.99
43.19
39.52
43.51
44.16
Tangible Book Value per Share
43
43
44
46
47
47
47
47
47
51
51
51
51
51
51
41
Basic Weighted Avg Shares
215
188
171
167
160
175
159
169
209
734
481
627
571
816
876
838
Sales/Revenue/Turnover
-8.02
1.65
12.26
27.45
31.18
31.64
33.8
31.36
26.21
23.84
22.96
15.84
18.71
14.81
29.81
19.68
Operating Margin (%)
4
3
2
1
5
1
1
1
2
4
20
8
8
9
8
9
Depreciation Expense
-147
-171
100
105
49
31
32
48
68
72
79
31
-161
-183
204
59
Net Income, GAAP
- -
- -
- -
- -
- -
0.96
6.27
18.15
28.79
35.69
45.61
63.28
- -
- -
22.37
51.85
Effective Tax Rate (%)
-68.48
-91
58.38
63.12
30.75
17.56
19.86
28.11
32.33
9.81
16.38
4.91
-28.29
-22.43
23.28
6.98
Profit Margin (%)
209
233
231
120
184
112
139
-29
-6
340
-34
-504
-476
-121
-52
-318
Working Capital
- -
2
1
15
305
536
486
379
789
1,380
1,284
1,089
1,148
1,598
1,501
1,253
LT Debt
2,069
1,886
1,993
2,001
1,983
1,994
2,013
2,048
2,286
2,328
2,392
2,425
2,236
2,047
2,252
2,285
Total Equity
- -
- -
- -
- -
- -
1.82
1.36
2.11
2.89
3.2
2.41
1.38
- -
- -
5
2.73
Return on Invested Capital (%)
- -
- -
- -
- -
- -
1.74
1.71
2.27
2.96
2.64
2.67
1.2
- -
- -
7.09
2.55
Return on Capital (%)
- -
-9.52
5.6
5.52
2.52
1.57
1.59
2.37
3.16
3.16
3.37
1.29
-6.99
-8.63
9.59
2.62
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
359
664
605
LT Borrowings
1,086
780
844
LT Finance Leases
415
405
409
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
51
51
Market Capitalization
456
452
453

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
567
541
530
Cash, Cash Equivalents & STI
98
66
81
Accounts Receivable, Net
52
58
67
Inventories
304
300
280
Total Current Liabilities
619
933
849
Payables & Accruals
- -
- -
- -
ST Debt
359
664
605
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.46%
-0.42%
10.03%
Free Cash Flow
64.62%
75.47%
77.28%
Net Income, GAAP
-80.95%
-174.81%
-211.48%
Sales/Revenue/Turnover
31.88%
7.47%
7.4%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
134
171
178
334
816
2025
224
205
202
245
876
2026
161
231
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.51
-0.95
-0.73
-5.94
-3.57
2025
3.63
-0.22
0.11
2.02
3.98
2026
0.3
0.26
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Polski Holding Nieruchomości S.A. is a Poland-based holding company engaged in real estate development, management, and investment. The company operates a large portfolio of commercial and residential properties, including office buildings, retail centers, and residential complexes primarily located in Warsaw and other major Polish cities. Its core products and services include property rental, property sales, property management, real estate development projects, and advisory services related to housing and urban development. PHN focuses on modernizing existing assets and developing new commercial and residential projects to enhance portfolio value and market presence. The company operates mainly in Poland and collaborates with public institutions on strategic housing and development initiatives. Founded in 2011 and headquartered in Warsaw, Polska Holding Nieruchomości has been listed on the Warsaw Stock Exchange since February 2013. The company has recently implemented a new strategic plan for 2025-2030, dubbed "New Start," aiming to strengthen its market position and financial performance through targeted growth and portfolio optimization. In 2025, PHN posted a significant financial turnaround, recording substantial revenue growth driven by increased development activities and asset sales. It carried out an early partial redemption of C series bonds and signed important subcontracting agreements to support operational efficiency. The group also reported strong profits with net income rising sharply in the first half of 2025 due to higher revenues from development handovers and rental income. These developments mark PHN's strategic shift towards improving profitability and expanding its real estate portfolio through selective acquisitions and project completions. Polski Holding Nieruchomości serves a diverse customer base including commercial tenants, retail clients, residential buyers, and institutional investors. It provides integrated real estate solutions within the Polish market and aims to maintain its leadership in the regional real estate sector through continuous innovation and strategic partnerships. The company’s portfolio management and development capabilities position it as one of the largest and most active players in the Polish real estate market. Its latest initiatives underscore a focus on sustainable growth and enhanced operational performance across its commercial and residential real estate assets.