Kemberton: corporate bonds on Catalyst
Kemberton has 1 bond series listed on Catalyst with an issue value of PLN 120m. Next maturity: KEM0931, PLN 120m, 29 September 2031.
Key figures
2025 annual report (ghelamco.com) · as at 11 Nov 2026and 2 more
- 4 Nov 2026: Breach of bond terms (company filing) (series ST2)
- 30 Oct 2026: Breach of bond terms (company filing)
Not 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.
Kemberton sp. z o.o. is a special purpose vehicle of the Ghelamco group, set up to build the VIBE II office building on Towarowa Street in Warsaw. Its balance sheet changed after a merger with Ghelamco Towarowa. In November 2026 bondholders consented to the sale of the project for at least EUR 40 million.
Financial results
PLN million, standalone figures; figures from the company’s reports. A dash (–) means the figure is not in our database.
| Item | 2024 | 2025 | 6M 2026 |
|---|---|---|---|
| Revenue | 0.76 | 0.30 | 0.33* |
| Operating profit (EBIT) | 0.01 | −1.58 | 10.5* |
| Net profit | −0.82 | −2.87 | 3.21* |
| Total assets | 67.9 | 164.7 | 234.3 |
| Equity | −8.54 | −11.4 | 65.9 |
| Total liabilities | 76.5 | 176.1 | 168.3 |
| Cash and cash equivalents | 1.09 | 0.01 | 0.48 |
* Figure matches the company document (half-year report for H1 2026) but has not yet been confirmed by a later report.
Sources: annual report for 2025, half-year report for H1 2026.
Debt and repayment capacity
Ratios based on annual reports (standalone), 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) | −12.6% | −6.9% |
Sources: 2024 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| KEM0931 | 29 Sep 2031 | 7.38% | Floating (6M WIBOR) | +3.50 pp | Secured (mortgage) | 8.21% |
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 Kemberton bonds
How many Kemberton bond series are listed on Catalyst?
Kemberton has one bond series listed on Catalyst, with a nominal value of PLN 120 million. It matures on 29 September 2031.
When does the next Kemberton bond mature?
The next maturity is series KEM0931 on 29 September 2031 (nominal value PLN 120 million). An early redemption at the issuer’s request can change these dates.
How is the interest on Kemberton bonds set?
The series pays a floating rate: 6M WIBOR plus a margin of 3.50 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Kemberton bonds secured?
Security by number of series: secured (mortgage): 1. Secured or guaranteed series give bondholders an additional source of repayment if the issuer cannot pay.
Source: our database of Catalyst series, terms and conditions of the bonds and company announcements.
Our full analysis, financial results and news on Kemberton are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.