Mennica Polska Capital Group with revenues nearly PLN 100 million higher than last year
The results of the Mennica Polska Capital Group for the first half of this year confirm its strong market position and financial stability. Both the minting segment and the electronic payments segment recorded increases in sales and results. In the development segment, the construction phase continued in the first half of this year – the Group will record revenues from the sale of residential premises, after their transfer to buyers, in its income statement in subsequent periods.
In the first half of 2025, sales revenues in the Mennica Polska Capital Group amounted to PLN 812.2 million (PLN 712.4 million in the corresponding period of the previous year). Net profit on sales amounted to PLN 38.9 million (PLN 69.7 million in H1 2024), and EBITDA amounted to PLN 90.7 million (PLN 78.6 million in the corresponding period of the previous year).
Higher sales in the first half of this year, compared to the same period last year, were achieved primarily thanks to our activities in the minting and electronic payments segments. In the development segment, the lower level of sales was solely due to the high comparative base for the previous year. In the first half of 2024, we recognized revenue from the sale of residential units as part of the Bulwary Praskie project, while in the reporting period, the construction phase was underway. Revenue from the implementation of the development strategy in this project will be recognized in subsequent periods. It is worth noting that at the end of the reporting period, preliminary and reservation sales in the currently completed quarters exceeded 70% of all apartments in this stage, summarized Katarzyna Budnicka-Filipiuk, President of the Management Board of Mennica Polska.
Consistency in the implementation of the business strategy was also reflected in the possibility of transferring PLN 56.1 million from the net profit for 2024 to dividends, which was confirmed by a current report dated June 30 this year.