Rutkowski Group: corporate bonds on Catalyst
Rutkowski Group has 1 bond series listed on Catalyst with an issue value of PLN 30m. Next maturity: RDE0429, PLN 30m, 17 April 2029. Net debt / equity: 1.03× (2025 annual report).
Key figures
2025 annual report (rutkowskidevelopment.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.
Rutkowski Group sp. z o.o., based in Ełk, is a residential developer operating in Warmia, Masuria, Podlasie and Gdańsk. 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 | 104.1 | 226.6 | 232.1 | 143.1 |
| Operating profit (EBIT) | 16.0 | 20.0 | 20.1 | 10.5* |
| Net profit | 13.2 | 12.7 | 11.5* | 5.36* |
| Total assets | 372.3 | 404.6 | 426.1 | 474.5 |
| Equity | 40.4 | 53.2 | 65.5 | 70.8 |
| Total liabilities | 331.9 | 351.4 | 360.6 | 403.7 |
| Cash and cash equivalents | – | 45.0 | 33.2 | 44.1* |
| Net debt | – | – | 67.5 | – |
* 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.
Sources: annual report for 2023, annual report for 2025, half-year report for H1 2026, annual report for 2025, annual report for 2024, annual report for 2024.
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 / equity (net debt relative to shareholders’ equity) | – | – | 1.03× |
| Equity / total assets (share of assets financed by equity) | 10.9% | 13.2% | 15.4% |
Sources: 2023 annual report, 2024 annual report, 2024 annual report (2), 2024 annual report (3).
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| RDE0429 | 17 Apr 2029 | 8.89% | Floating (3M WIBOR) | +5.00 pp | Secured (other) | 8.42% |
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 Rutkowski Group bonds
How many Rutkowski Group bond series are listed on Catalyst?
Rutkowski Group has one bond series listed on Catalyst, with a nominal value of PLN 30 million. It matures on 17 April 2029.
When does the next Rutkowski Group bond mature?
The next maturity is series RDE0429 on 17 April 2029 (nominal value PLN 30 million). An early redemption at the issuer’s request can change these dates.
How is the interest on Rutkowski Group 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 Rutkowski Group bonds secured?
Security by number of series: secured (other): 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 Rutkowski Group are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.