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    Engineering & Construction
MDI Energia S.A.

MDI Energia S.A.

MDI.WA
MDI Energia S.A.PL flagWarsaw Stock Exchange
1.52
PLN
+0.01
- -
64.00MMarket Cap
MDI Energia S.A.
MDI.WA
(Warsaw Stock Exchange)

Recent

price

1.52

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.37
14.41
16.3
25.73
82.44
4.88
3.53
3.78
2.98
3.89
5.62
5.47
4.31
3.74
4.36
- -
5.46
Revenue per Share
-5
-3.81
-23.92
-21.69
0.52
-0.04
0.14
0.1
0.03
- -
0.1
-0.03
-0.21
-0.07
-0.07
- -
0.09
Basic EPS, GAAP
-67.68
-8.97
-1.76
-7.58
4.87
0.42
-0.05
-0.09
0.15
0.14
-0.01
-0.32
0.36
0.44
0.18
- -
0.1
Free Cash Flow per Basic Share
0.09
- -
- -
- -
6.13
0.13
- -
- -
0.07
- -
- -
0.05
- -
- -
- -
- -
- -
Dividend per Share
-1.34
-4.93
-28.24
-42.89
6.88
3.55
3.28
3.53
3.46
3.43
4.12
4.05
3.84
3.78
3.71
- -
4.25
Book Value per Share
44.41
44.61
25.53
4.78
12.59
0.62
0.98
0.65
0.59
0.6
0.69
0.63
0.42
0.36
0.29
- -
0.42
Tangible Book Value per Share
1
1
1
1
1
43
46
46
46
46
46
46
46
46
46
- -
41
Basic Weighted Avg Shares
1
20
23
37
121
209
163
174
137
180
259
252
199
172
201
256
225
Sales/Revenue/Turnover
-1,300
-57
-103.35
-11.6
2.17
4.14
6.67
4.43
3.67
3.14
3.5
1.05
-2.18
-0.42
-0.97
2.39
3.76
Operating Margin (%)
- -
3
11
11
- -
- -
- -
- -
- -
- -
1
1
1
1
1
- -
- -
Depreciation Expense
-7
-5
-33
-31
1
-2
6
5
1
- -
5
-1
-9
-3
-3
3
4
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
22.02
66.46
97.09
22.37
2,075
- -
- -
- -
20.53
39.41
Effective Tax Rate (%)
-1,334.84
-26.46
-146.8
-84.3
0.63
-0.82
3.85
2.59
0.93
0.07
1.85
-0.49
-4.78
-1.77
-1.58
1.26
1.7
Profit Margin (%)
-36
-151
-36
-91
19
12
31
23
23
30
32
28
15
12
7
15
17
Working Capital
80
84
83
81
10
10
- -
2
6
4
- -
1
1
- -
- -
1
1
LT Debt
74
71
38
7
18
26
45
30
27
28
32
29
20
17
13
17
17
Total Equity
- -
- -
- -
- -
- -
- -
- -
8.97
2.83
0.27
10.94
-67.06
- -
- -
- -
62.97
63.04
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
3.24
0.88
0.09
2.76
-11.23
- -
- -
- -
1.92
2.27
Return on Capital (%)
- -
- -
- -
- -
- -
-2.12
4.13
2.88
0.79
0.08
2.76
-0.66
-5.22
-1.73
-1.85
1.88
2.2
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
37
34
31

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
84
72
57
Cash, Cash Equivalents & STI
25
19
8
Accounts Receivable, Net
46
38
31
Inventories
1
1
5
Total Current Liabilities
80
58
40
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.62%
-10.68%
24.25%
Free Cash Flow
166.79%
415.31%
42.23%
Net Income, GAAP
330.15%
55.45%
-201.57%
Sales/Revenue/Turnover
4.58%
1.38%
27.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50
52
44
55
201
2025
63
65
62
65
256
2026
32
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-0.01
-0.01
- -
-0.07
2025
- -
0.01
0.01
- -
- -
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
MDI Energia S.A. (WSE: MDI.WA), headquartered in Warsaw at Wał Miedzeszyński 608, Poland, operates as a project management firm and general contractor specializing in renewable energy sources (OZE), founded in 2002 as one of Poland's pioneers in wind energy development; the company, formerly known as Skystone Capital S.A., delivers turnkey solutions including wind farms, biogas power plants, photovoltaic installations encompassing large solar farms and integrated systems, as well as residential and commercial construction projects totaling nearly one million square meters nationwide, with operations primarily in Poland and capabilities for international renewable energy projects supported by highly qualified engineering teams managing subcontractors. MDI Energia provides comprehensive Balance of Plant (BoP) services for large-scale initiatives up to 15 MW, general construction works, access roads, and substitute investor roles, having completed over 400 MW of installed capacity in wind projects including some of Poland's largest early installations. In recent developments, the company signed a preliminary agreement in 2025 with VisaVento Bau for the construction of the 37.5 MW Sompolno wind farm valued at a minimum of PLN 29 million, reflecting ongoing expansion in wind energy amid strong quarterly financial performance with revenues reaching PLN 65.3 million in Q2 2025 and net income of PLN 1.03 million for the nine months ended September 30, 2025, alongside releases of updated financial statements and corporate governance reports through mid-2025.