Robyg: corporate bonds on Catalyst
Robyg has 3 bond series listed on Catalyst with an issue value of PLN 675m. Next maturity: ROB0129, PLN 250m, 10 January 2029. Net debt / EBITDA: 1.10× (2025 annual report).
Key figures
2025 annual report (ri.robyg.pl) · as at 11 Nov 2026Data 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.
Robyg S.A., based in Warsaw, is a residential developer controlled by the German group TAG Immobilien, listed on the Warsaw Stock Exchange since 2 July 2026 and an issuer of bonds on Catalyst. It builds flats in Warsaw, the Tricity, Wrocław and Poznań, bought its first plot in Kraków in 2026 and provides general contracting services to companies in its owner’s group. Its bonds 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 | 1,813.0 | 1,301.4 | 1,546.1 | 727.3* |
| Operating profit (EBIT) | 456.6 | 291.5 | 411.0 | 127.0* |
| Net profit | 373.8 | 250.9 | 317.8 | 102.5* |
| Total assets | 3,296.4 | 3,561.9 | 4,317.7 | 4,865.2 |
| Equity | 1,502.0 | 1,747.8 | 2,097.0 | 2,272.3 |
| Total liabilities | 1,794.5 | 1,814.1 | 2,220.7 | 2,592.9 |
| Cash and cash equivalents | 340.9 | 210.8 | 139.4 | 198.6* |
| Net debt | −151.2 | 221.5p | 461.4 | – |
* 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 (2024: annual report for 2025). The company may have restated the earlier period, for example after a change in accounting policies.
Sources: company data (ri.robyg.pl), half-year report for H1 2026, annual report for 2024, annual report for 2025, annual report for 2023.
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 |
|---|---|---|---|
| Net debt / EBITDA (years of operating profit before depreciation needed to cover the debt) | – | 0.74× | 1.10× |
| Net debt / equity (net debt relative to shareholders’ equity) | −0.10× | 0.13× | 0.22× |
| Equity / total assets (share of assets financed by equity) | 45.6% | 49.1% | 48.6% |
| Operating cash flow − capital expenditure (PLN million, cash from operations after investment) | – | 36.5 | −148.9 |
Sources: 2023 annual report, 2023 annual report (2), 2023 annual report (3), 2024 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| ROB0129 | 10 Jan 2029 | 6.48% | Floating (6M WIBOR) | +2.60 pp | Unsecured | 5.93% |
| ROB0529 | 7 May 2029 | 6.49% | Floating (6M WIBOR) | +2.60 pp | Unsecured | 6.56% |
| ROB1030 | 22 Oct 2030 | 6.07% | Floating (6M WIBOR) | +2.10 pp | Unsecured | 6.06% |
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 Robyg bonds
How many Robyg bond series are listed on Catalyst?
Robyg has 3 bond series listed on Catalyst with a total nominal value of PLN 675 million. Their maturity dates range from 10 January 2029 to 22 October 2030.
When does the next Robyg bond mature?
The next maturity is series ROB0129 on 10 January 2029 (nominal value PLN 250 million). The following ones are ROB0529 (7 May 2029) and ROB1030 (22 October 2030). An early redemption at the issuer’s request can change these dates.
How is the interest on Robyg bonds set?
All 3 series pay a floating rate: 6M WIBOR plus a margin of 2.10 to 2.60 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Robyg 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 Robyg are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.