Murapol S.A.

Murapol S.A.

GGPW:MUR
35.45
PLN
-0.10
(-0.28%)
5.09EPS
7.42P/E
1.55BMarket Cap
Nov 25Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
20.94
26.6
24.65
29.8
32.6
30.9
29.23
Basic EPS, GAAP
1.97
5.51
5.19
5.37
5.93
5.78
5.1
Free Cash Flow per Basic Share
6.22
4.51
3.83
0.73
2.43
7.6
3.01
Dividend per Share
- -
- -
4.93
2.45
4.91
4.91
2.93
Book Value per Share
6.71
12.25
10.7
13.68
14.79
15.71
15.46
Tangible Book Value per Share
6.53
12.04
10.55
13.56
14.71
15.65
15.41
Basic Weighted Avg Shares
41
41
41
41
41
41
41
Sales/Revenue/Turnover
854
1,085
1,006
1,216
1,330
1,261
1,197
Operating Margin (%)
15.75
25.06
26.31
22.26
22.2
23.98
22.05
Depreciation Expense
5
4
4
5
5
6
5
Net Income, GAAP
80
225
212
219
242
236
209
Effective Tax Rate (%)
24.49
20.74
20.34
20.03
19.89
21.04
21.25
Profit Margin (%)
9.41
20.73
21.06
18.02
18.19
18.71
17.46
Working Capital
154
677
778
928
1,154
1,286
1,142
LT Debt
18
278
367
405
560
660
540
Total Equity
280
505
440
559
603
641
631
Return on Invested Capital (%)
- -
31.45
23.77
22.29
20.29
17.75
14.98
Return on Capital (%)
- -
32.07
24.86
23.1
21.17
18.05
15.48
Return on Common Equity (%)
- -
58.14
45.23
44.05
41.68
37.91
33.4

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
76
73
215
LT Borrowings
649
638
530
LT Finance Leases
11
11
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
1,612
1,575
1,546

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,339
2,471
2,601
Cash, Cash Equivalents & STI
270
239
253
Accounts Receivable, Net
21
42
27
Inventories
1,740
1,887
2,032
Total Current Liabilities
1,053
1,193
1,459
Payables & Accruals
- -
- -
- -
ST Debt
76
73
215
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21.77%
6.22%
Free Cash Flow
- -
64.73%
212.68%
Net Income, GAAP
- -
37.07%
-2.54%
Sales/Revenue/Turnover
- -
8.96%
-5.21%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
327
257
202
544
1,330
2025
331
199
196
535
1,261
2026
142
323
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.49
1.01
0.72
2.7
5.93
2025
1.68
0.69
0.68
2.72
5.78
2026
0.53
1.18
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.97
- -
2.94
4.91
2025
- -
1.96
- -
2.94
4.91
2026
- -
- -
- -
- -
- -

Company Description

CEO
Nikodem Kamil Iskra
Full Time Employees
583
Sector
Finance
Industry
Real estate development
Address
ul. Dworkowa 4 Bielsko-Biala SL Poland 43-300
IPO Date
Dec 15, 2023
Website
murapol.pl
Business
Murapol S.A. engages in residential real estate development in Poland, focusing on the construction and sale of apartments and commercial projects. The company offers studio flats, one- and multi-family terrace and detached houses, offices, and hotels, alongside services such as general contracting, commercial investments, interior design, and related administrative and accounting services. Murapol operates two main segments: the development segment, which covers residential and commercial premises construction and sales, and the PRS segment, which targets private rental and student housing sectors, including land sales and general contracting services. Founded in 2001 and headquartered in Bielsko-Biała, Poland, Murapol is one of the country's most experienced residential developers with a portfolio of over 33,000 apartments delivered through 95 multiphase projects across 21 locations, including key metropolitan areas like Warsaw, Kraków, Wrocław, Poznań, Łódź, and the Tricity. Recent major developments include the company's successful debut on the Warsaw Stock Exchange main market in December 2023, strong sales performance in 2024 with the introduction of over 3,900 units in 13 cities, expansion into new markets including Lublin, and plans to re-enter the Katowice and Warsaw markets with new projects. Murapol also completed a follow-on equity offering of PLN 326 million in late 2025 to support growth and has a strategic focus on sustainability and ESG initiatives. Its operational strategy emphasizes affordable and compact apartments with features such as anti-smog packages and smart home solutions to address Poland's structural housing deficit and growing consumer purchasing power. The company continues to strengthen its land bank and project pipeline, targeting around 4,000 units introduction in 2025 and further market expansion.