Budlex Finance: corporate bonds on Catalyst
Budlex Finance has 5 bond series listed on Catalyst with an issue value of PLN 116.7m. Next maturity: BXF1027, PLN 16.7m, 8 October 2027.
Key figures
2025 annual report (gpwcatalyst.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. This page describes the company’s data and is not an investment recommendation.
Budlex Finance sp. z o.o., based in Toruń, is a residential development holding company that sets up a special purpose company for each housing project in Toruń, Bydgoszcz, Gdańsk and Warsaw. Its sole shareholder is Budlex sp. z o.o. Its bonds on Catalyst are unsecured.
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 | 83.2p | 51.0 | 124.0 | 82.0* |
| Operating profit (EBIT) | 19.4 | 7.08 | 13.4 | 22.4* |
| Net profit | 9.42 | 5.46p | 8.19 | 13.8* |
| Total assets | 247.5 | 353.8 | 327.9 | 381.1 |
| Equity | 36.0* | 43.2 | 49.3 | 63.6 |
| Total liabilities | 208.2 | 310.7 | 278.6 | 317.5 |
| Cash and cash equivalents | 31.5 | 80.0 | 36.6 | 39.1 |
* 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 (2023: annual report for 2024; 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 2024, annual report for 2025, half-year report for H1 2026, annual report for 2023, annual report for 2024, annual report for 2023 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 | 2024 | 2025 |
|---|---|---|
| Equity / total assets (share of assets financed by equity) | 12.2% | 15.0% |
Sources: 2024 annual report, 2024 annual report (2), 2025 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| BXF1027 | 8 Oct 2027 | 9.60% | Floating (3M WIBOR) | +5.75 pp | Unsecured | 7.85% |
| BXF1028 | 29 Oct 2028 | 9.24% | Floating (3M WIBOR) | +5.35 pp | Unsecured | 7.56% |
| BXF1228 | 22 Dec 2028 | 9.19% | Floating (3M WIBOR) | +5.35 pp | Unsecured | 8.70% |
| BXF0229 | 9 Feb 2029 | 8.92% | Floating (3M WIBOR) | +5.00 pp | Unsecured | 8.39% |
| BXF0929 | 3 Sep 2029 | 8.63% | Floating (3M WIBOR) | +4.80 pp | Unsecured | 8.18% |
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 Budlex Finance bonds
How many Budlex Finance bond series are listed on Catalyst?
Budlex Finance has 5 bond series listed on Catalyst with a total nominal value of PLN 117 million. Their maturity dates range from 8 October 2027 to 3 September 2029.
When does the next Budlex Finance bond mature?
The next maturity is series BXF1027 on 8 October 2027 (nominal value PLN 16.7 million). The following ones are BXF1028 (29 October 2028) and BXF1228 (22 December 2028). An early redemption at the issuer’s request can change these dates.
How is the interest on Budlex Finance bonds set?
All 5 series pay a floating rate: 3M WIBOR plus a margin of 4.80 to 5.75 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Budlex Finance bonds secured?
None of the 5 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 Budlex Finance are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.