1. Poland Stocks

  2. •

    Finance

  3. •

    Real estate development
Globe Trade Centre S.A.

Globe Trade Centre S.A.

0.50
EUR
0.00
(0.00%)
-0.36EPS
327.33MMarket Cap
Nov 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.38
0.35
0.31
0.26
0.28
0.32
0.35
0.33
0.35
0.29
0.32
0.33
0.35
0.45
Basic EPS, GAAP
-0.46
-0.52
0.12
0.34
0.34
0.19
0.15
-0.14
0.09
0.04
0.02
0.09
-0.27
-0.37
Free Cash Flow per Basic Share
0.12
0.13
0.1
-0.04
-0.16
-0.05
-0.09
0.04
0.03
0.15
0.17
0.17
0.13
0.16
Dividend per Share
- -
- -
- -
- -
0.02
0.02
0.08
- -
- -
0.06
0.05
0.05
- -
- -
Book Value per Share
1.91
1.36
1.4
1.71
1.99
2.1
2.15
1.97
2.27
1.94
1.92
1.96
1.72
1.7
Tangible Book Value per Share
1.91
1.36
1.4
1.71
1.99
2.1
2.15
1.97
2.27
1.94
1.92
1.96
1.72
1.7
Basic Weighted Avg Shares
325
350
371
460
465
478
485
486
488
574
574
574
574
465
Sales/Revenue/Turnover
124
122
115
120
129
154
170
160
172
167
183
188
202
207
Operating Margin (%)
51.29
56.39
55.79
58.38
57.07
62.28
65.2
65.41
65.23
60.56
55.4
55.89
38.3
40.47
Depreciation Expense
- -
- -
1
- -
1
1
1
1
1
1
1
1
2
1
Net Income, GAAP
-149
-182
45
159
156
91
75
-70
42
23
11
51
-155
-172
Effective Tax Rate (%)
- -
- -
21.48
- -
17.01
13.15
18.19
- -
24.39
34.04
13.89
14.38
- -
- -
Profit Margin (%)
-120.15
-149.38
38.84
131.79
121.41
59.24
44.08
-43.83
24.22
14.05
5.73
27.15
-76.69
-82.83
Working Capital
-94
8
87
11
30
17
-42
82
221
114
90
-82
-515
-156
LT Debt
779
800
659
739
908
993
1,027
1,111
1,214
1,231
1,272
1,427
1,062
1,325
Total Equity
575
426
621
790
941
1,021
1,059
974
1,117
1,136
1,126
1,176
1,034
1,023
Return on Invested Capital (%)
- -
- -
3.19
- -
10.06
5.74
4.66
- -
3.3
1.93
1.6
3.33
- -
- -
Return on Capital (%)
- -
- -
5.11
- -
9.73
5.58
4.54
- -
2.79
1.74
1.49
3.21
- -
- -
Return on Common Equity (%)
-21.59
-32.78
7.92
22.17
18.13
9.34
7.26
-7.01
4.05
2.11
0.95
4.57
-14.66
-16.31

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
890
584
347
LT Borrowings
1,025
1,052
1,290
LT Finance Leases
36
35
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
574
574
574
Market Capitalization
400
310
327

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
470
182
272
Cash, Cash Equivalents & STI
107
47
34
Accounts Receivable, Net
15
17
17
Inventories
- -
- -
- -
Total Current Liabilities
986
674
428
Payables & Accruals
- -
- -
- -
ST Debt
890
584
347
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.83%
1.58%
-12.06%
Free Cash Flow
47.94%
99.32%
-22.76%
Net Income, GAAP
-27.88%
-55.61%
-404.52%
Sales/Revenue/Turnover
5.99%
4.88%
7.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
46
47
47
48
188
2025
50
51
51
51
202
2026
53
53
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.04
0.02
0.08
0.09
2025
- -
- -
-0.05
-0.92
-0.27
2026
-0.01
-0.02
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.05
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Antal Botond Rencz
Full Time Employees
246
Sector
Finance
Industry
Real estate development
Address
Nothus Building Warsaw MZ Poland 02-146
IPO Date
May 6, 2004
Website
gtcgroup.com
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Business
Globe Trade Centre S.A. (GTC.WA) is a leading real estate developer and investor focused on the development, management, and rental of high-quality commercial properties including modern office buildings, retail centers, and shopping malls across Central and Eastern Europe; it also engages in residential development and sales, with a portfolio encompassing 745,100 square meters of leasable area valued at EUR 2.7 billion as of end-2024. The company operates primarily in Poland (36.9% of rental revenues), Hungary (27.9%), Bulgaria (11.4%), Serbia (8.5%), Croatia (7.7%), and Romania (7.6%), managing assets such as 16 office buildings in major Polish cities including Warsaw, Cracow, and Wrocław, two shopping malls (Galeria Północna in Warsaw and Galeria Jurajska in Częstochowa), and prominent international projects like White House in Budapest, Ada Mall and Green Heart in Belgrade; its offerings emphasize sustainable developments certified under LEED, BREEAM, or DGNB standards, with 98% of commercial buildings certified or in recertification as of 2025. Founded in 1994 and headquartered in Warsaw, Poland, GTC serves blue-chip tenants including Carrefour, Zara, H&M, and Cinema City, while maintaining a development pipeline of residential and office properties in regional capitals. Recent developments include the sale of non-core assets such as investment land in Bucharest (EUR 7 million), Warsaw's Mokotów and Katowice districts (EUR 11 million combined), the GTC X office in Belgrade (EUR 23 million), and a Warsaw Wilanów land plot (EUR 55 million) in the first nine months of 2025 to enhance liquidity and deleveraging; refinancing extensions for Galeria Jurajska to 2030 (EUR 100 million) and Galeria Północna (EUR 84 million); full exercise of options to acquire minority stakes in its German residential portfolio; a signed agreement on October 31, 2025, to sell land and an office building in Budapest (GTC Future, EUR 19 million); divestment of Serbian subsidiary Glamp d.o.o. in January 2025; and acquisitions of residential plots in Hungary and Croatia via entities GTC Origine Investments and related companies for EUR 14.8 million in fair value. GTC is a subsidiary of GTC Dutch Holdings B.V., with 242 employees and leadership under CEO Malgorzata Czaplicka.