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    Industrial services

  3. •

    Engineering & construction
Mostostal Warszawa S.A.

Mostostal Warszawa S.A.

GGPW:MSW
4.37
PLN
+0.07
(+1.63%)
-5.63EPS
129.60MMarket 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
81.67
75.48
63.77
70.16
54.98
50.67
63.48
68.27
65.25
80.72
83.77
78.93
65.47
59.8
Basic EPS, GAAP
-14.4
-0.58
1.59
0.83
0.13
-2.14
-0.04
0.29
0.75
0.9
1.17
-1.35
-5.14
-5.68
Free Cash Flow per Basic Share
-11.16
6.67
9.46
-6.49
-6.52
1.26
5.23
-0.95
7.4
-0.39
5.2
-3.42
5.13
-1.99
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
8.96
8.41
5.29
6.12
4.24
2.04
2.01
2.15
2.92
3.82
4.91
3.55
-1.61
-2.1
Tangible Book Value per Share
8.67
8.18
5.1
5.96
4.09
1.88
1.89
2.08
2.86
3.76
4.87
3.51
-1.64
-2.13
Basic Weighted Avg Shares
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Sales/Revenue/Turnover
1,633
1,510
1,275
1,403
1,100
1,013
1,270
1,365
1,305
1,614
1,675
1,579
1,309
1,196
Operating Margin (%)
-13.31
2.37
4.18
4.01
2.25
-2.38
-1.1
2.31
3.36
3.94
1.36
-1.5
-9.88
-10.04
Depreciation Expense
32
26
13
11
11
11
15
17
18
22
47
84
81
80
Net Income, GAAP
-288
-12
32
17
3
-43
-1
6
15
18
23
-27
-103
-114
Effective Tax Rate (%)
- -
302.76
20.9
64.22
118.57
- -
100.04
32.63
30.24
29.52
32.6
- -
- -
- -
Profit Margin (%)
-17.63
-0.77
2.5
1.18
0.23
-4.22
-0.06
0.43
1.15
1.12
1.4
-1.7
-7.85
-9.5
Working Capital
-61
199
105
199
231
250
41
38
51
76
34
-64
-63
-59
LT Debt
19
58
82
150
196
238
21
27
28
52
69
69
105
105
Total Equity
212
193
129
144
99
50
50
56
81
96
111
80
-22
-32
Return on Invested Capital (%)
- -
-8.9
9.54
4.76
-1.1
- -
- -
7.99
14.41
10.19
4.65
- -
- -
- -
Return on Capital (%)
- -
-9.46
9.98
6.16
2.4
- -
-0.49
3.2
4.45
9.26
12.39
- -
- -
- -
Return on Common Equity (%)
-229.76
-6.65
23.23
14.47
2.43
-68.06
-1.96
14
29.57
26.72
26.85
-31.79
- -
- -

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
95
100
181
LT Borrowings
77
76
79
LT Finance Leases
31
30
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
134
159
130

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
808
755
750
Cash, Cash Equivalents & STI
101
224
124
Accounts Receivable, Net
282
209
307
Inventories
45
34
36
Total Current Liabilities
757
819
808
Payables & Accruals
- -
- -
- -
ST Debt
95
100
181
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-13.42%
-15.49%
-127.52%
Free Cash Flow
-293.43%
-568.6%
-249.95%
Net Income, GAAP
-258.76%
55.03%
282.14%
Sales/Revenue/Turnover
1.36%
0.05%
-17.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
290
365
469
455
1,579
2025
317
- -
389
238
1,309
2026
251
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.19
-0.99
0.64
-0.81
-1.35
2025
0.02
- -
0.07
-5.29
-5.14
2026
-0.48
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Miguel Angel Llorente
Full Time Employees
1,051
Sector
Industrial services
Industry
Engineering & construction
Address
Konstruktorska 12A Warsaw MZ Poland 02-673
IPO Date
Oct 14, 1993
Website
mostostal.waw.pl
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Business
Mostostal Warszawa S.A. operates as a leading construction enterprise, both within Poland and on an international scale, undertaking diverse projects across key market sectors. Its operations span several areas, including general construction, industrial developments, critical infrastructure, energy solutions, roadworks, and environmental engineering. The company excels in constructing a wide array of facilities, from residential complexes and modern office buildings to public structures, production halls, and expansive warehouses. Within the industrial segment, it delivers intricate technological installations and robust steel structures essential for heavy industry, including petrochemical, chemical, power generation, and cement sectors. Its infrastructure portfolio encompasses the creation of bridges, overpasses, multi-level interchanges, subterranean tunnels, and various underground systems. Additionally, the firm is instrumental in the development and upgrading of national, provincial, express, and motor roads, alongside elements of urban transit and railway systems. In the energy sector, Mostostal Warszawa undertakes "turnkey" projects, encompassing both conventional and renewable energy facilities, such as the recent 18.3 MW photovoltaic power plant in Janikowo, a pioneering hybrid project in Poland completed in September 2025. This includes the design, refurbishment, and installation of power boilers and turbosets, along with decarbonization initiatives. Environmentally, the company implements solutions for water and sewage treatment, advanced water supply networks, and industrial de-dusting systems. Beyond major construction, it provides specialized services like the manufacture of bituminous aggregate mixtures, comprehensive laboratory testing for construction contracts, and equipment and transportation logistics. Established in 1945 and headquartered in Warsaw, Poland, Mostostal Warszawa S.A. brings nearly eighty years of engineering tradition and expertise to its endeavors. As a subsidiary of Acciona Construcción S.A., it leverages international support and advanced construction techniques. The company has been recognized for its excellence, including being named "Construction Company of the Year" in March 2025 and achieving the top position as an employer in the Polish construction industry in April 2025.