Invest TDJ Estate: corporate bonds on Catalyst
Invest TDJ Estate has 3 bond series listed on Catalyst with an issue value of PLN 242.5m. Next maturity: TDJ0228, PLN 37.5m, 7 February 2028.
Key figures
2025 annual report (investtdjestate.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.
Invest TDJ Estate sp. z o.o., based in Katowice, is a residential developer wholly owned by TDJ S.A. It builds housing estates under the TDJ Estate brand in Katowice, Zabrze, Bielsko-Biała and Kraków, and since 2026 has been preparing projects in Warsaw. The company is not listed on a stock exchange; 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 | 120.9 | 318.7 | 80.9 | 99.8 |
| Operating profit (EBIT) | 12.2 | 98.8 | −20.0 | 38.8* |
| Net profit | −14.0 | 76.3 | −45.8 | 10.4 |
| Total assets | 955.6 | 921.6 | 986.8 | 1,076.3 |
| Equity | 402.9 | 518.9 | 448.7 | 528.5 |
| Total liabilities | 552.6 | 402.8 | 531.7 | 541.6 |
| Cash and cash equivalents | 85.7 | 40.2 | 71.7 | 134.5* |
* Figure matches the company document (half-year report for H1 2026) but has not yet been confirmed by a later report.
Sources: company data (investtdjestate.pl), annual report for 2024, annual report for 2025, half-year report for H1 2026, annual report for 2023, 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) | – | 4.42× (EBITDA) | −0.49× (EBITDA) |
| Equity / total assets (share of assets financed by equity) | 42.2% | 56.3% | 45.5% |
| Operating cash flow − capital expenditure (PLN million, cash from operations after investment) | – | – | 32.7 |
Sources: 2023 annual report, 2023 annual report (2), 2024 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| TDJ0228 | 7 Feb 2028 | 8.09% | Floating (6M WIBOR) | +4.25 pp | Unsecured | 6.85% |
| TD10628 | 30 Jun 2028 | 8.16% | Floating (6M WIBOR) | +4.25 pp | Unsecured | 8.17% |
| TDJ0628 | 30 Jun 2028 | 8.16% | Floating (6M WIBOR) | +4.25 pp | Unsecured | 6.70% |
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 Invest TDJ Estate bonds
How many Invest TDJ Estate bond series are listed on Catalyst?
Invest TDJ Estate has 3 bond series listed on Catalyst with a total nominal value of PLN 243 million. Their maturity dates range from 7 February 2028 to 30 June 2028.
When does the next Invest TDJ Estate bond mature?
The next maturity is series TDJ0228 on 7 February 2028 (nominal value PLN 37.5 million). The following ones are TD10628 (30 June 2028) and TDJ0628 (30 June 2028). An early redemption at the issuer’s request can change these dates.
How is the interest on Invest TDJ Estate bonds set?
All 3 series pay a floating rate: 6M 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 Invest TDJ Estate 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 Invest TDJ Estate are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.