MRB GPW mWIG40 Periodic report · PAP Biznes
Mirbud SA (MRB) · Q2 2026 results
Share price: 11.30 zł · 2026-11-10
Mirbud SA operates in the construction and civil engineering sectors, providing general contracting, road construction, and building material wholesale. The company also provides road transport, construction equipment rental, and advertising and publishing activities. Sources: Half-year report (2026-08-27) · Wikipedia
Results Q2 2026 vs Q2 2025 · year over year · published 27 Aug 2026 and 28 Aug 2025
Net income up 24.3% year on year. The report's language is unchanged.
1 · Numbers
+24.3%
Net income vs Q2 2025
Net income 44.9M vs 36.1M
Revenue +19.8%
2 · How the report reads
Unchanged
Language tone vs last period
Report language: typical for a company report — about as upbeat as in Q2 2025.
Weak signal: formal report language, not a call.
3 · What stood out
On January 15, 2026, MRB INDUSTRIAL Sp. z o.o. fully repaid a loan from MIRBUD S.A. in the amount of 123,190 thousand PLN.
Read between the lines
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Figure
MRB INDUSTRIAL Sp. z o. o. fully repaid a loan from MIRBUD S.A. in the amount of 123,190 thousand PLN on January 15, 2026.
Source quote
“On January 15, 2026, the Company MRB INDUSTRIAL Sp. z o. o fully repaid the loan obtained from the company MIRBUD S.A. in the amount of 123,190 thousand PLN.”
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Figure
MRB INDUSTRIAL Sp. z o.o. increased its share capital by 12.375 thousand PLN to a total of 14.450 thousand PLN on January 14, 2026.
Source quote
“On January 14, 2026, on the basis of Notarial Deed Repertory A no. 380/2026, the Extraordinary General Meeting of Shareholders of MRB INDUSTRIAL Sp. z o.o. (formerly: PDC Industrial Center 217 Sp. z o.o.) with its registered office in Warsaw adopted Resolution no. 1/2026, under which it was decided to increase the share capital of the company from the amount of 2,075 thousand PLN by an amount of 12,375 thousand PLN, i.e., to the amount of 14,450 thousand.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q2 2025.
Typical for a company report — about as upbeat as in Q2 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.
Sentences that drove the tone
“1.5% of the revenue in Euro and was exposed to a minor extent to currency risk, which could have reduced the efficiency of the construction contracts performed and may affect the size of revenue and profits.”
“This may translate into financial problems for these tenants or a lack of willingness to lease commercial space (risk of a lower commercialization rate).”
Full figures
PLN · PAP Biznes report (2026-08-27)
| Metric | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | 1.46B | 1.22B | +19.8% |
| Gross profit | 132.3M | 88.3M | +49.9% |
| Operating income | 44.9M | 36.1M | +24.3% |
| Net income | 44.9M | 36.1M | +24.3% |
| EPS | 0.41 | 0.33 | +24.2% |
| P/E today 11.1 | 12.6 | 13.5 | −0.9 |
Topics
Topics are drawn from the full report text, not management commentary.
Most discussed now
- Due to the fact that development investments are conducted over a longer perspective and, in many cases, sales prices for constructed…
- In the perspective of the current reporting period, the Issuer's Management predicts a possible negative impact of this risk on the…
- Nevertheless, it cannot be ruled out that in the future, the Group's Companies will be required to bear land reclamation costs.
- This confirms the continued interest in using the PPP formula to implement public investments.
- Other - reclassifications to the group intended for sale - transfers - other
Faded since Q2 2025
- Fading Non-current assets held for sale and associated liabilities
- Fading In particular, the formation of the following macroeconomic and economic indicators has or may have an impact on the financial results…
Latest announcements
Official filings, newest first. Summaries are generated from each filing and its attachment; every figure is checked against the source.
- Podpisanie umowy na projekt i budowę autostrady A2 od węzła "Biała Podlaska" do gr. państwa, odc. X · ESPI 59/2026
- Podpisanie umowy kredytowej · ESPI 58/2026
- Prognoza finansowa Grupy Kapitałowej MIRBUD na rok 2027 · ESPI 57/2026
The MIRBUD Capital Group's financial forecast for 2027 projects consolidated sales revenue between PLN 4,600 million and PLN 5,100 million and consolidated EBITDA between PLN 300 million and PLN 330 million.
- Wybór oferty na projekt i budowę układu drogowego łączącego teren lotniska CPK z siecią dróg publicznych, część 1 · ESPI 56/2026
The bid from the consortium of MIRBUD S.A. and KOBYLARNIA S.A. was selected as the most favorable in the tender for the design and construction of the road system for CPK airport, valued at 507,628,546.33 PLN gross.
- Wybór oferty na projekt i budowę drogi ekspresowej S17 Piaski - Hrebenne, odc. 5 · ESPI 55/2026
The offer of the Issuer's subsidiary for the design and construction of the S17 expressway Piaski - Hrebenne, section 5, was selected as the most favorable with a value of 361,788,221.95 PLN gross.
- Wybór oferty na budowę Komendy Miejskiej Policji w Elblągu · ESPI 54/2026
The offer of MIRBUD S.A. for the construction of the new Municipal Police Headquarters in Elbląg was selected as the most favorable with a value of 88,216,160.68 PLN gross.
- Zawarcie Umowy Programowej · ESPI 53/2026
MIRBUD S.A. entered into a bond issuance program agreement with a maximum total nominal value of up to 600,000,000 PLN.
- Ustanowienie programu emisji obligacji · ESPI 52/2026
The Management Board of MIRBUD S.A. adopted a resolution to establish a bond issuance program with a total nominal value not exceeding 600,000,000 PLN.