Okam Capital: corporate bonds on Catalyst
Okam Capital has 3 bond series listed on Catalyst with an issue value of PLN 205m. Next maturity: OKA1127, PLN 75m, 21 November 2027.
Key figures
2024 annual report (okam.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.
Okam Capital sp. z o.o., based in Warsaw, heads a development group that builds and sells flats in Warsaw, Łódź and Katowice, and in Italy since 2025. The group recognises revenue only when flats are handed over, so its half-year results can be very uneven. Its bonds are listed on Catalyst.
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 | 454.1p | 489.1 | 492.3 | 31.6* |
| Operating profit (EBIT) | 142.5 | 150.0 | 152.7 | −2.22* |
| Net profit | 136.0p | 57.1 | 69.4 | −25.8* |
| Total assets | 1,059.7p | 1,376.4 | 1,440.6 | 1,538.0 |
| Equity | – | 602.7 | 687.1 | 643.3 |
| Total liabilities | 553.6p | 773.6 | 753.5 | 894.7 |
| Cash and cash equivalents | 179.9 | 239.3 | – | 382.1 |
* 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 2024, annual report for 2025, half-year report for H1 2026, annual report for 2023, 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 | 2024 | 2025 |
|---|---|---|
| Equity / total assets (share of assets financed by equity) | 43.8% | 47.7% |
Sources: 2024 annual report, 2025 annual report, 2025 annual report (2).
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| OKA1127 | 21 Nov 2027 | 8.24% | Floating (3M WIBOR) | +4.40 pp | Unsecured | 7.33% |
| OKA0628 | 30 Jun 2028 | 7.58% | Floating (3M WIBOR) | +3.75 pp | Secured (mortgage) | 7.66% |
| OKA0130 | 3 Jan 2030 | 7.55% | Floating (3M WIBOR) | +3.70 pp | Unsecured | 7.28% |
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 Okam Capital bonds
How many Okam Capital bond series are listed on Catalyst?
Okam Capital has 3 bond series listed on Catalyst with a total nominal value of PLN 205 million. Their maturity dates range from 21 November 2027 to 3 January 2030.
When does the next Okam Capital bond mature?
The next maturity is series OKA1127 on 21 November 2027 (nominal value PLN 75 million). The following ones are OKA0628 (30 June 2028) and OKA0130 (3 January 2030). An early redemption at the issuer’s request can change these dates.
How is the interest on Okam Capital bonds set?
All 3 series pay a floating rate: 3M WIBOR plus a margin of 3.70 to 4.40 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Okam Capital bonds secured?
Security by number of series: unsecured: 2, 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 Okam Capital are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.