Arche: corporate bonds on Catalyst
Arche has 3 bond series listed on Catalyst with an issue value of PLN 228m. Next maturity: ACH0427, PLN 21.5m, 2 April 2027. Net debt / equity: 0.35× (2025 annual report).
Key figures
2025 annual report (arche.pl) · as at 11 Nov 2026Not shown yet: net debt / EBITDA. We only show figures verified against the company’s report, and these have not been confirmed yet.
Data on series and maturity dates come from GPW Catalyst; sources of the other figures are given in the tabs. This page describes the company’s data and is not an investment recommendation.
Arche is a developer and hotel operator: it builds and restores historic buildings, sells hotel rooms to investors under the “Arche System” and manages a chain of hotels. It also builds flats in Ożarów Mazowiecki, Otwock and Łódź. Its bonds on Catalyst are unsecured and were issued by Arche S.A., based in Konstancin-Jeziorna.
Financial results
PLN million, consolidated figures where the company publishes them; figures from the company’s reports. A dash (–) means the figure is not in our database.
| Item | 2023 | 2024 | 2025 | 6M 2026 |
|---|---|---|---|---|
| Revenue | 731.8 | 743.9p | 905.8 | 434.3* |
| Operating profit (EBIT) | – | 136.5 | 102.1 | 48.4* |
| Net profit | 44.0 | 96.3p | 60.6 | 29.7 |
| Total assets | 1,120.7 | 1,135.6p | 1,419.3 | 1,486.8 |
| Equity | – | 704.6 | 734.4 | 756.1 |
| Total liabilities | 511.9 | 431.1p | 684.8 | 728.7 |
| Cash and cash equivalents | 31.3 | 11.7 | 75.3 | 39.9* |
| Net debt | – | 208.0* | 259.2 | – |
* Figure matches the company document (half-year report for H1 2026; annual report for 2024) but has not yet been confirmed by a later report.
p Figure taken from the comparative column of a later company document (2024: annual report for 2025). The company may have restated the earlier period, for example after a change in accounting policies.
Sources: annual report for 2023, annual report for 2025, half-year report for H1 2026, annual report for 2024, annual report for 2025, annual report for 2025 and 2 more.
Debt and repayment capacity
Ratios based on annual reports (consolidated), using only figures verified against the company’s filings. A dash (–) means the figure is not available; a negative interest cover means an operating loss.
| Ratio | 2024 | 2025 |
|---|---|---|
| Interest cover (how many times operating profit covers interest expense) | 6.30× (EBIT) | 3.80× (EBIT) |
| Net debt / equity (net debt relative to shareholders’ equity) | 0.30× | 0.35× |
| Equity / total assets (share of assets financed by equity) | 62.0% | 51.8% |
Sources: 2024 annual report, 2024 annual report (2), 2024 annual report (3), 2024 annual report (4) and 3 more.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| ACH0427 | 2 Apr 2027 | 8.24% | Floating (3M WIBOR) | +4.40 pp | Unsecured | 5.75% |
| ACH0628 | 18 Jun 2028 | 8.34% | Floating (3M WIBOR) | +4.50 pp | Unsecured | 6.71% |
| ACH0729 | 21 Jul 2029 | 7.78% | Floating (3M WIBOR) | +3.90 pp | Unsecured | 6.99% |
Series codes link to the series pages in Polish. Yield to maturity is calculated by the Polish brokerage DM BDM, before tax and commissions; for floating-rate bonds it assumes the reference rate (WIBOR or EURIBOR) stays at its current level. “No quote” means no recent price.
Questions about Arche bonds
How many Arche bond series are listed on Catalyst?
Arche has 3 bond series listed on Catalyst with a total nominal value of PLN 228 million. Their maturity dates range from 2 April 2027 to 21 July 2029.
When does the next Arche bond mature?
The next maturity is series ACH0427 on 2 April 2027 (nominal value PLN 21.5 million). The following ones are ACH0628 (18 June 2028) and ACH0729 (21 July 2029). An early redemption at the issuer’s request can change these dates.
How is the interest on Arche bonds set?
All 3 series pay a floating rate: 3M WIBOR plus a margin of 3.90 to 4.50 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Arche bonds secured?
None of the 3 series is secured: bondholders have no priority claim on any specific asset of the company.
Source: our database of Catalyst series, terms and conditions of the bonds and company announcements.
Our full analysis, financial results and news on Arche are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.