Vindexus: corporate bonds on Catalyst
Vindexus has 2 bond series listed on Catalyst with an issue value of PLN 71m. Next maturity: VIN0628, PLN 21m, 5 June 2028.
Key figures
2025 annual report (gpm-vindexus.pl) · as at 11 Nov 2026Not shown yet: net debt / equity. 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. This page describes the company’s data and is not an investment recommendation.
Vindexus S.A., based in Warsaw, buys overdue debt portfolios and recovers the debts amicably and through the courts, managing some portfolios through its own investment funds. Its bonds on Catalyst 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 | 105.4p | 118.2 | 137.9 | 75.3* |
| Operating profit (EBIT) | 31.4 | 43.0 | 39.0 | 23.7* |
| Net profit | 18.6p | 25.3 | 26.9 | – |
| Total assets | 341.9p | 428.8 | 453.3 | 500.7* |
| Equity | 266.8p | 280.8 | 306.5 | 333.8* |
| Total liabilities | 75.1p | 148.0 | 146.7 | 166.9* |
| Cash and cash equivalents | – | 89.6 | 24.3 | – |
* 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.
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. As a financial company, it uses its debt to fund portfolios of receivables, so we do not show net debt / EBITDA.
| Ratio | 2023 | 2024 | 2025 |
|---|---|---|---|
| Equity / total assets (share of assets financed by equity) | 78.0% | 65.5% | 67.6% |
Sources: 2023 annual report, 2023 annual report (2), 2024 annual report.
Bonds on Catalyst
| Series | Maturity | Interest rate | Rate type | Margin | Security | Yield to maturity |
|---|---|---|---|---|---|---|
| VIN0628 | 5 Jun 2028 | 8.11% | Floating (3M WIBOR) | +4.30 pp | Unsecured | 7.59% |
| VIN0329 | 10 Mar 2029 | 7.80% | Floating (3M WIBOR) | +4.00 pp | Unsecured | 7.40% |
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 Vindexus bonds
How many Vindexus bond series are listed on Catalyst?
Vindexus has 2 bond series listed on Catalyst with a total nominal value of PLN 71 million. Their maturity dates range from 5 June 2028 to 10 March 2029.
When does the next Vindexus bond mature?
The next maturity is series VIN0628 on 5 June 2028 (nominal value PLN 21 million). The following one is VIN0329 (10 March 2029). An early redemption at the issuer’s request can change these dates.
How is the interest on Vindexus bonds set?
All 2 series pay a floating rate: 3M WIBOR plus a margin of 4.00 to 4.30 percentage points. The coupon changes with the reference rate in each interest period, while the margin stays the same until maturity.
Are Vindexus bonds secured?
None of the 2 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 Vindexus are on the Polish-language issuer page.
This material is for information purposes only and does not constitute investment advice.