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Polimex Mostostal SAPolimex Mostostal observes large supply of projects on market; wants to resume dividends
Listed builder Polimex Mostostal is observing a large supply of projects on the market and expects its order portfolio to remain stable or grow, management representatives told a conference. The company wants to resume dividend payments, but only in the long term.
"There is a downward trend in the portfolio, but this is due to the fact that we are implementing projects at the pace we had planned," CEO Jakub Stypula told the conference.
"(...) We are confident (...) about the supply of projects, about the portfolio we will be building, and we are convinced that we will build it selectively. We expect to maintain or improve the level of the order backlog with which we entered this year, because the supply of projects is very high," he added.
Polimex Mostostal stated in a presentation that the value of projects planned and currently offered, as well as those in the process of being prepared for submission by companies from the capital group, amounts to over PLN 23 billion (EUR 5.4 bln).
According to the CEO, the accumulation of ongoing investments gives Polimex a sense of comfort in bidding.
"Looking ahead to the beginning of 2027, our company has a stable source of revenue, and we can confidently bid and search for new projects, knowing that we have a foundation on which to build," he added.
The current order portfolio of the Polimex-Mostostal group, minus sales attributable to consortium members, amounts to PLN 6.6 billion (EUR 1.55 bln).
The group is participating in proceedings related to the ongoing construction of the Lubiatowo-Kopalino nuclear power plant and is qualifying to participate in tender proceedings. It is also submitting preliminary bids for selected scopes of work.
Polimex is constructing a national road to the Lubiatowo-Kopalino nuclear power plant in the municipality of Choczewo.
According to the CEO, the group's first revenues from the nuclear energy sector should appear in 2026-2027.
The management board expects there to be many tenders in the energy sector on the market.
Polimex Mostostal plans to publish a new strategy, and in the long term, the company wants to resume dividend payments.
"Our intention, like that of any listed company, should be to pay dividends, but if we are to be transparent, these dividends will be paid when we achieve full stability, i.e. when we have sufficient reserve capital and funds – then we will resume dividend payments," CEO Stypula said.
In the first half of 2025, the group had PLN 1.9 billion (EUR 445.4 mln) in revenue, up from PLN 1.38 billion (EUR 323.5 mln) in the prior year period, and approximately PLN 104 million (EUR 24.4 mln) in operating profit against a PLN 29.3 million (EUR 6.9 mln) loss a year earlier.
Polimex Mostostal's net profit for the six months of 2025 amounted to PLN 76.9 million (EUR 18 mln) versus a net loss of PLN 28.8 million (EUR 6.75 mln) in the prior year period.
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