Nowa Deweloper: corporate bonds on Catalyst
Nowa Deweloper has 1 bond series listed on Catalyst with an issue value of PLN 10.7m. Next maturity: NDW1228, PLN 10.7m, 18 December 2028. Net debt / EBITDA: −0.84× (2025 annual report).
Key figures
2025 annual report (gpwcatalyst.pl) · as at 11 Nov 2026Data on series and maturity dates come from GPW Catalyst. This page describes the company’s data and is not an investment recommendation.
Nowa Deweloper, based in Częstochowa, builds blocks of flats in Częstochowa, Dąbrowa Górnicza and Sosnowiec. The company belongs to the Świącik family, and its bonds are guaranteed by the related company Częstobud.
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 | 6.17 | 5.52 | 52.0 | 46.4* |
| Operating profit (EBIT) | 1.54p | −1.22 | 5.56 | 6.82 |
| Net profit | 1.09 | −1.60 | 3.83 | 4.99 |
| Total assets | 27.6 | 74.7 | 131.5 | 143.1 |
| Equity | 13.7 | 12.1 | 17.2 | 22.2 |
| Total liabilities | 13.9p | 62.6p | 114.3 | 120.9 |
| Cash and cash equivalents | – | 12.2* | 31.2 | 31.2 |
| Net debt | −2.28 | −6.76 | – | – |
* Figure matches the company document (half-year report for H1 2026; annual report for 2025) but has not yet been confirmed by a later report.
p Figure taken from the comparative column of a later company document (2023: company data (nowadeweloper.pl); 2024: annual report for 2025). The company may have restated the earlier period, for example after a change in accounting policies.
Sources: company data (nowadeweloper.pl), annual report for 2025, half-year report for H1 2026, annual report for 2025.
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 | 2025 |
|---|---|
| Interest cover (how many times operating profit covers interest expense) | 6.16× (EBITDA) |
| Net debt / EBITDA (years of operating profit before depreciation needed to cover the debt) | −0.84× |
| Net debt / equity (net debt relative to shareholders’ equity) | −0.28× |
| Equity / total assets (share of assets financed by equity) | 13.1% |
| Operating cash flow − capital expenditure (PLN million, cash from operations after investment) | 11.6 |
Sources: 2025 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| NDW1228 | 18 Dec 2028 | 8.85% | Floating (3M WIBOR) | +5.00 pp | Secured (mortgage) | 7.06% |
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 Nowa Deweloper bonds
How many Nowa Deweloper bond series are listed on Catalyst?
Nowa Deweloper has one bond series listed on Catalyst, with a nominal value of PLN 11 million. It matures on 18 December 2028.
When does the next Nowa Deweloper bond mature?
The next maturity is series NDW1228 on 18 December 2028 (nominal value PLN 10.7 million). An early redemption at the issuer’s request can change these dates.
How is the interest on Nowa Deweloper bonds set?
The series pays a floating rate: 3M WIBOR plus a margin of 5.00 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Nowa Deweloper 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 Nowa Deweloper are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.