Victoria Dom: corporate bonds on Catalyst
Victoria Dom has 5 bond series listed on Catalyst with an issue value of PLN 700m. Next maturity: VID0827, PLN 50m, 1 February 2027. Net debt / EBITDA: 1.97× (2025 annual report).
Key figures
2025 annual report (cms.victoriadom.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.
Victoria Dom S.A., based in Warsaw, is a family-owned residential developer building housing estates mainly in Warsaw and, more recently, in Kraków and Gdynia. Its shares are not listed (the sole shareholder is Victoria Dom Holding); the group finances itself with bonds on Catalyst and reports through the EBI system. Its public bonds have no collateral.
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 | 934.1 | 983.7 | 854.4 | 297.3* |
| Operating profit (EBIT) | 273.1 | 302.8 | 264.4 | 54.7* |
| Net profit | 183.9 | 200.9 | 151.7 | 16.0* |
| Total assets | 1,618.1 | 1,858.9 | 2,117.3 | 2,304.9 |
| Equity | 552.8 | 699.7 | 791.4 | 762.4 |
| Total liabilities | 1,065.3 | 1,159.2 | 1,325.9 | 1,542.5 |
| Cash and cash equivalents | 248.8* | 394.2* | 337.0* | 400.6* |
| Net debt | 273.9 | 226.4 | 525.6 | – |
* Figure matches the company document (half-year report for H1 2026; company data (cms.victoriadom.pl)) but has not yet been confirmed by a later report.
Sources: annual report for 2023, annual report for 2024, annual report for 2025, half-year report for H1 2026, half-year report for H1 2026, company data (cms.victoriadom.pl) and 5 more.
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) | – | 4.66× (EBITDA) | 3.06× (EBITDA) |
| Net debt / EBITDA (years of operating profit before depreciation needed to cover the debt) | – | 0.74× | 1.97× |
| Net debt / equity (net debt relative to shareholders’ equity) | 0.50× | 0.32× | 0.66× |
| Equity / total assets (share of assets financed by equity) | 34.2% | 37.6% | 37.4% |
| Operating cash flow − capital expenditure (PLN million, cash from operations after investment) | – | 165.6 | −154.6 |
Sources: 2023 annual report, 2023 annual report (2), 2023 annual report (3), 2024 annual report and 5 more.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| VID0827 | 1 Feb 2027 | 8.79% | Floating (6M WIBOR) | +4.95 pp | Unsecured | 8.69% |
| VID1028 | 7 Oct 2028 | 8.20% | Floating (6M WIBOR) | +4.30 pp | Unsecured | 7.37% |
| VID0329 | 11 Mar 2029 | 8.23% | Floating (6M WIBOR) | +4.30 pp | Unsecured | 7.32% |
| VID0629 | 17 Jun 2029 | 7.97% | Floating (6M WIBOR) | +4.10 pp | Unsecured | 7.99% |
| VID0730 | 6 Jul 2030 | 7.71% | Floating (6M WIBOR) | +3.80 pp | Unsecured | 7.47% |
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 Victoria Dom bonds
How many Victoria Dom bond series are listed on Catalyst?
Victoria Dom has 5 bond series listed on Catalyst with a total nominal value of PLN 700 million. Their maturity dates range from 1 February 2027 to 6 July 2030.
When does the next Victoria Dom bond mature?
The next maturity is series VID0827 on 1 February 2027 (nominal value PLN 50 million). The following ones are VID1028 (7 October 2028) and VID0329 (11 March 2029). An early redemption at the issuer’s request can change these dates.
How is the interest on Victoria Dom bonds set?
All 5 series pay a floating rate: 6M WIBOR plus a margin of 3.80 to 4.95 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Victoria Dom bonds secured?
None of the 5 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 Victoria Dom are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.