Unibep: corporate bonds on Catalyst
Unibep has 1 bond series listed on Catalyst with an issue value of PLN 140m. Next maturity: UNI0329, PLN 140m, 19 March 2029. Net debt / EBITDA: 0.67× (2024 annual report).
Key figures
2025 annual report (unibep.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.
Unibep S.A., based in Bielsk Podlaski, is a construction group listed on the Warsaw Stock Exchange. It works in infrastructure, general and energy construction, in modular construction through Unihouse and in property development through Unidevelopment. Its bonds on Catalyst are unsecured; the subsidiary Unidevelopment issues its own bonds and has a separate issuer page.
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 | 2,429.8 | 2,606.9p | 2,358.4 | 856.6 |
| Operating profit (EBIT) | −137.8 | 168.6 | 112.6 | 18.2* |
| Net profit | −165.9* | 44.9p | 41.2 | 3.10* |
| Total assets | 1,807.3 | 1,975.5 | 1,993.8 | 1,846.0 |
| Equity | 213.1 | 319.3 | 350.2 | 343.2 |
| Total liabilities | 1,594.2 | 1,656.2 | 1,643.6 | 1,502.9 |
| Cash and cash equivalents | 311.1 | 262.5 | 500.6 | 258.7* |
* Figure matches the company document (half-year report for H1 2026; company data (unibep.pl)) 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 (unibep.pl), annual report for 2025, half-year report for H1 2026, annual report for 2024, company data (unibep.pl), half-year report for H1 2026.
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 |
|---|---|---|---|
| Interest cover (how many times operating profit covers interest expense) | −3.03× (EBITDA) | 4.91× (EBITDA) | – |
| Net debt / EBITDA (years of operating profit before depreciation needed to cover the debt) | – | 0.67× | – |
| Net debt / equity (net debt relative to shareholders’ equity) | 0.08× | 0.42× | – |
| Equity / total assets (share of assets financed by equity) | 11.8% | 16.2% | 17.6% |
| Operating cash flow − capital expenditure (PLN million, cash from operations after investment) | 150.5 | −92.6 | – |
Sources: 2023 annual report, 2023 annual report (2), 2025 annual report, 2025 annual report (2).
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| UNI0329 | 19 Mar 2029 | 7.39% | Floating (6M WIBOR) | +3.50 pp | Unsecured | 7.22% |
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 Unibep bonds
How many Unibep bond series are listed on Catalyst?
Unibep has one bond series listed on Catalyst, with a nominal value of PLN 140 million. It matures on 19 March 2029.
When does the next Unibep bond mature?
The next maturity is series UNI0329 on 19 March 2029 (nominal value PLN 140 million). An early redemption at the issuer’s request can change these dates.
How is the interest on Unibep 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 Unibep bonds secured?
The series is unsecured: 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 Unibep are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.