Reported Earnings • May 24
First quarter 2026 earnings released: EPS: zł1.35 (vs zł1.78 loss in 1Q 2025) First quarter 2026 results: EPS: zł1.35 (up from zł1.78 loss in 1Q 2025). Revenue: zł130.6m (up 20% from 1Q 2025). Net income: zł32.5m (up zł75.2m from 1Q 2025). Profit margin: 25% (up from net loss in 1Q 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 08
Now 21% undervalued Over the last 90 days, the stock has risen 2.7% to zł99.40. The fair value is estimated to be zł127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are forecast to decline by 6.8% per annum over the same time period. Buy Or Sell Opportunity • Apr 07
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to zł93.00. The fair value is estimated to be zł118, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are forecast to decline by 6.8% per annum over the same time period. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: zł19.13 (vs zł15.51 in FY 2024) Full year 2025 results: EPS: zł19.13 (up from zł15.51 in FY 2024). Revenue: zł420.5m (up 13% from FY 2024). Net income: zł459.0m (up 23% from FY 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Mar 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 8.5% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Mar 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.8% to zł90.00. The fair value is estimated to be zł74.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 31%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Dec 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to zł87.60. The fair value is estimated to be zł72.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 31%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: zł0.44 (vs zł0.69 loss in 3Q 2024) Third quarter 2025 results: EPS: zł0.44 (up from zł0.69 loss in 3Q 2024). Revenue: zł100.2m (up 11% from 3Q 2024). Net income: zł10.6m (up zł27.2m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Nov 12
MLP Group S.A. to Report Q3, 2025 Results on Nov 14, 2025 MLP Group S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: zł5.08 (vs zł11.06 in 2Q 2024) Second quarter 2025 results: EPS: zł5.08 (down from zł11.06 in 2Q 2024). Revenue: zł97.9m (up 7.0% from 2Q 2024). Net income: zł121.9m (down 54% from 2Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • May 21
First quarter 2025 earnings released: zł1.78 loss per share (vs zł0.68 profit in 1Q 2024) First quarter 2025 results: zł1.78 loss per share (down from zł0.68 profit in 1Q 2024). Revenue: zł109.2m (up 14% from 1Q 2024). Net loss: zł42.7m (down 363% from profit in 1Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Major Estimate Revision • Apr 15
Consensus EPS estimates increase by 35%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from zł451.0m to zł422.0m. EPS estimate rose from zł18.90 to zł25.57. Net income forecast to shrink 37% next year vs 7.0% decline forecast for Real Estate industry in Poland. Consensus price target broadly unchanged at zł101. Share price rose 3.7% to zł85.00 over the past week. Reported Earnings • Mar 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: zł15.51 (up from zł2.17 loss in FY 2023). Revenue: zł372.4m (up 3.2% from FY 2023). Net income: zł372.2m (up zł424.2m from FY 2023). Profit margin: 100% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Dec 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł67.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Real Estate industry in Poland. Total loss to shareholders of 11% over the past three years. Major Estimate Revision • Dec 10
Consensus EPS estimates increase by 53%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from zł407.0m to zł371.0m. EPS estimate rose from zł8.98 to zł13.72. Net income forecast to grow 62% next year vs 26% growth forecast for Real Estate industry in Poland. Consensus price target down from zł114 to zł101. Share price rose 3.3% to zł80.60 over the past week. Price Target Changed • Dec 09
Price target decreased by 13% to zł101 Down from zł116, the current price target is an average from 2 analysts. New target price is 27% above last closing price of zł79.80. Stock is up 7.8% over the past year. The company is forecast to post earnings per share of zł13.72 next year compared to a net loss per share of zł2.17 last year. Reported Earnings • Nov 18
Third quarter 2024 earnings released: zł6.90 loss per share (vs zł4.54 profit in 3Q 2023) Third quarter 2024 results: zł6.90 loss per share (down from zł4.54 profit in 3Q 2023). Revenue: zł91.2m (up 10% from 3Q 2023). Net loss: zł16.6m (down 115% from profit in 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: zł11.06 (vs zł4.54 loss in 2Q 2023) Second quarter 2024 results: EPS: zł11.06 (up from zł4.54 loss in 2Q 2023). Revenue: zł91.5m (flat on 2Q 2023). Net income: zł265.4m (up zł374.3m from 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 23
MLP Group S.A., Annual General Meeting, Jun 17, 2024 MLP Group S.A., Annual General Meeting, Jun 17, 2024. Reported Earnings • May 22
First quarter 2024 earnings released: EPS: zł0.68 (vs zł1.09 in 1Q 2023) First quarter 2024 results: EPS: zł0.68 (down from zł1.09 in 1Q 2023). Revenue: zł96.2m (up 1.6% from 1Q 2023). Net income: zł16.2m (down 38% from 1Q 2023). Profit margin: 17% (down from 28% in 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 06
MLP Group S.A. Provides Total Revenue Guidance for the Year 2028 MLP Group S.A. provided total revenue guidance for the year 2028. The company's total revenue at the end of 2028 is expected to rise to EUR 183 million - EUR 215 million from EUR 83 million - EUR 98 million in 2024. Price Target Changed • Mar 27
Price target increased by 9.1% to zł116 Up from zł107, the current price target is an average from 2 analysts. New target price is 54% above last closing price of zł75.80. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of zł21.36 next year compared to a net loss per share of zł2.17 last year. Reported Earnings • Mar 20
Full year 2023 earnings released: zł2.17 loss per share (vs zł19.69 profit in FY 2022) Full year 2023 results: zł2.17 loss per share (down from zł19.69 profit in FY 2022). Revenue: zł360.8m (up 29% from FY 2022). Net loss: zł52.1m (down 112% from profit in FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: zł4.54 (vs zł4.31 in 3Q 2022) Third quarter 2023 results: EPS: zł4.54 (up from zł4.31 in 3Q 2022). Revenue: zł83.4m (up 13% from 3Q 2022). Net income: zł109.0m (up 18% from 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • May 31
MLP Group S.A., Annual General Meeting, Jun 22, 2023 MLP Group S.A., Annual General Meeting, Jun 22, 2023, at 12:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2023 earnings released: EPS: zł1.09 (vs zł1.39 in 1Q 2022) First quarter 2023 results: EPS: zł1.09 (down from zł1.39 in 1Q 2022). Revenue: zł95.2m (up 52% from 1Q 2022). Net income: zł26.1m (down 12% from 1Q 2022). Profit margin: 28% (down from 47% in 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 19
Price target increased by 12% to zł107 Up from zł95.38, the current price target is an average from 2 analysts. New target price is 25% above last closing price of zł85.00. Stock is up 16% over the past year. The company is forecast to post earnings per share of zł12.27 for next year compared to zł19.69 last year. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: zł4.31 (vs zł1.67 in 3Q 2021) Third quarter 2022 results: EPS: zł4.31 (up from zł1.67 in 3Q 2021). Revenue: zł74.2m (up 54% from 3Q 2021). Net income: zł92.2m (up 158% from 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: zł18.91 (vs zł7.42 in 2Q 2021) Second quarter 2022 results: EPS: zł18.91 (up from zł7.42 in 2Q 2021). Revenue: zł61.0m (up 28% from 2Q 2021). Net income: zł404.3m (up 169% from 2Q 2021). Over the next year, revenue is forecast to grow 35%, compared to a 15% growth forecast for the Real Estate industry in Poland. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 17% share price gain to zł74.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Real Estate industry in Poland. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł36.45 per share. Reported Earnings • May 23
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: zł1.39 (up from zł0.82 in 1Q 2021). Revenue: zł63.0m (up 26% from 1Q 2021). Net income: zł29.7m (up 84% from 1Q 2021). Profit margin: 47% (up from 32% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 23%, compared to a 18% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
MLP Group S.A., Annual General Meeting, Jun 02, 2022 MLP Group S.A., Annual General Meeting, Jun 02, 2022. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: zł23.23 (up from zł8.64 in FY 2020). Revenue: zł203.0m (up 6.5% from FY 2020). Net income: zł480.5m (up 182% from FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 20%, compared to a 17% growth forecast for the industry in Poland. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS zł7.44 (vs zł0.46 in 2Q 2020) Second quarter 2021 results: Revenue: zł48.0m (up 16% from 2Q 2020). Net income: zł150.4m (up zł141.9m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
First quarter 2021 earnings released: EPS zł0.82 (vs zł6.22 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: zł50.2m (up 18% from 1Q 2020). Net income: zł16.1m (down 86% from 1Q 2020). Profit margin: 32% (down from 263% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS zł8.64 (vs zł7.14 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: zł190.7m (up 36% from FY 2019). Net income: zł170.4m (up 32% from FY 2019). Profit margin: 89% (down from 92% in FY 2019). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 01
New 90-day high: zł85.00 The company is up 1.0% from its price of zł84.00 on 01 December 2020. The Polish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: zł75.00 The company is down 1.0% from its price of zł76.00 on 28 October 2020. The Polish market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 15% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS zł1.56 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: zł52.3m (up 51% from 3Q 2019). Net income: zł28.2m (down 31% from 3Q 2019). Profit margin: 54% (down from 117% in 3Q 2019). The decrease in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 30
New 90-day high: zł80.00 The company is up 4.0% from its price of zł77.00 on 31 July 2020. The Polish market is down 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 16% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: zł69.00 The company is down 14% from its price of zł80.00 on 24 June 2020. The Polish market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 7.0% over the same period.