art.Locum: corporate bonds on Catalyst
art.Locum has 2 bond series listed on Catalyst with an issue value of PLN 61m. Next maturity: ARL1227, PLN 21m, 17 December 2027.
Key figures
2025 annual report (artlocum.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.
art.Locum is a residential developer from Łódź, operating since 2000, which builds housing estates in Łódź and Poznań and holiday apartments in Stegna. The group is wholly owned by private individuals and its shares are not listed. Its bonds on Catalyst are unsecured.
Financial results
PLN million, consolidated figures; figures from the company’s reports. A dash (–) means the figure is not in our database.
| Item | 2023 | 2024 | 2025 | 6M 2026 |
|---|---|---|---|---|
| Revenue | 17.1 | 62.0 | 102.0 | 46.7 |
| Operating profit (EBIT) | 0.54 | 11.5 | 17.8 | 10.1 |
| Net profit | 0.91 | 8.76 | 13.4 | 7.47* |
| Total assets | 290.3 | 342.7 | 368.1 | 361.1 |
| Equity | 221.8 | 230.2 | 239.4 | 240.4 |
| Total liabilities | 68.6p | 112.5 | 128.7 | 120.7 |
| Cash and cash equivalents | – | 51.3 | 63.6 | 50.3 |
* Figure matches the company document (half-year report for H1 2026) but has not yet been confirmed by a later report.
p Figure taken from the comparative column of a later company document (2023: annual report for 2024). The company may have restated the earlier period, for example after a change in accounting policies.
Sources: annual report for 2023, annual report for 2024, annual report for 2025, half-year report for H1 2026, annual report for 2024, annual report for 2025 and 1 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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Interest cover (how many times operating profit covers interest expense) | – | 10.86× (EBITDA) | 6.30× (EBITDA) |
| Equity / total assets (share of assets financed by equity) | 76.4% | 67.2% | 65.0% |
| Operating cash flow − capital expenditure (PLN million, cash from operations after investment) | – | 12.9 | – |
Sources: 2023 annual report, 2024 annual report, 2024 annual report (2), 2025 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| ARL1227 | 17 Dec 2027 | 8.09% | Floating (3M WIBOR) | +4.25 pp | Unsecured | 7.31% |
| ARL0429 | 24 Apr 2029 | 8.16% | Floating (3M WIBOR) | +4.25 pp | Unsecured | 7.66% |
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 art.Locum bonds
How many art.Locum bond series are listed on Catalyst?
art.Locum has 2 bond series listed on Catalyst with a total nominal value of PLN 61 million. Their maturity dates range from 17 December 2027 to 24 April 2029.
When does the next art.Locum bond mature?
The next maturity is series ARL1227 on 17 December 2027 (nominal value PLN 21 million). The following one is ARL0429 (24 April 2029). An early redemption at the issuer’s request can change these dates.
How is the interest on art.Locum bonds set?
All 2 series pay a floating rate: 3M WIBOR plus a margin of 4.25 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are art.Locum bonds secured?
None of the 2 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 art.Locum are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.