BBI Development SA

BBI Development SA

GGPW:BBD
5.40
PLN
+0.12
(+2.27%)
-0.27EPS
54.51MMarket Cap
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
5.13
2.92
0.77
8.07
2.48
1.01
2.04
8.34
2.06
1.61
2.43
1.38
2.18
1.98
Basic EPS, GAAP
1.66
-1.32
-0.32
-0.5
-1.87
-1.74
-5.71
0.36
-0.63
-0.93
5.06
-0.34
-0.84
-0.27
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
25.85
24.53
23.13
20.53
18.82
17.33
12.67
13.03
12.4
11.49
16.59
16.26
15.45
15.6
Tangible Book Value per Share
23.51
22.17
20.76
18.17
16.45
14.94
10.26
10.64
9.99
9.09
15.71
15.37
14.17
14.3
Basic Weighted Avg Shares
10
10
10
10
10
10
10
10
10
10
10
10
10
10
Sales/Revenue/Turnover
54
31
8
84
26
10
21
85
21
16
24
14
22
20
Operating Margin (%)
-20.8
-20.2
-144.85
-1.64
-9.14
-97.25
-28.67
3.44
-9.73
-29.82
50.2
-18.38
-16.15
-20.9
Depreciation Expense
1
1
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
17
-14
-3
-5
-19
-18
-58
4
-6
-9
51
-3
-8
-3
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
6.88
- -
- -
1.37
- -
- -
- -
Profit Margin (%)
32.31
-45.22
-42.19
-6.19
-75.24
-172.38
-279.3
4.35
-30.72
-57.77
208.32
-24.21
-38.6
-13.75
Working Capital
137
58
117
81
85
30
1
-24
17
-40
-13
-68
-11
-64
LT Debt
25
31
25
- -
- -
49
55
30
29
2
38
2
50
5
Total Equity
281
267
253
225
206
187
128
132
126
116
167
163
155
156
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
0.78
- -
- -
25.08
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
4.21
- -
- -
28.53
- -
- -
- -
Return on Common Equity (%)
6.62
-5.25
-1.36
-2.29
-9.45
-9.57
-38.01
2.82
-4.98
-7.77
35.99
-2.04
-5.31
-1.72

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
40
42
85
LT Borrowings
46
46
2
LT Finance Leases
4
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
52
54
55

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
28
36
26
Cash, Cash Equivalents & STI
18
3
4
Accounts Receivable, Net
3
3
8
Inventories
3
3
2
Total Current Liabilities
45
47
90
Payables & Accruals
- -
- -
- -
ST Debt
40
42
85
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.31%
4.78%
-5.27%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-38.93%
-165.12%
150.8%
Sales/Revenue/Turnover
119.59%
-6.59%
57.33%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
5
3
3
14
2025
6
- -
4
4
22
2026
6
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.48
-0.28
-0.12
0.55
-0.34
2025
0.12
- -
-0.09
-0.42
-0.84
2026
0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

CEO
Michal Skotnicki
Full Time Employees
26
Sector
Miscellaneous
Industry
Investment trusts
Address
Building A Warsaw MZ Poland 02-566
IPO Date
Jun 12, 1997
Business
BBI Development S.A. operates primarily in the real estate sector, focusing on the construction, design, and management of residential apartments, office buildings, and retail spaces. The company also offers comprehensive marketing, sales, and property portfolio management services. Founded in 2001 and headquartered in Warsaw, Poland, BBI Development serves markets primarily within Poland and broader Central Europe. Its product portfolio spans property development projects from planning to delivery and post-sale management. In terms of latest major changes, BBI Development continues to expand its operations through strategic bond issuances, including a successful PLN 44.74 million bond issuance in early 2025, which supports its ongoing development projects and financing needs. The company recently reported steady revenue performance with continued efforts to enhance profitability despite some net losses in quarters ending 2025. There have not been large-scale acquisitions or diversifications reported in the last year; the company's focus remains on its core development business. Operationally, BBI Development emphasizes expanding its residential and commercial property portfolios within its regional footprint. BBI Development is notable for its comprehensive approach to real estate development, integrating project design, construction, marketing, and property management under one umbrella. It targets urban residential and commercial property markets, addressing demands for modern, well-located living and working spaces. The company leverages its experience in Warsaw and surrounding regions to maintain a steady presence in Poland's real estate development industry. This description reflects BBI Development's core business activities and recent financial and operational updates through 2025, highlighting its role as a property developer and portfolio manager in Central Europe with a strategic focus on sustainable expansion and capital market financing.