Globe Trade Centre names new CFO as Globe Trade Centre stock faces EUR 12.10 million loss

Published on 10/18/2026 at 13:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oded Rahamim starts on December 1, 2026 after Jacek Baginski's resignation. Globe Trade Centre stock faces a EUR 12.10 million Q2 loss.

Management transition and earnings pressure

Globe Trade Centre changed its finance leadership on October 15, 2026.
Second-quarter revenue reached EUR 53.00 million, while the net margin was minus 22.83 percent.
Oded Rahamim is scheduled to become chief financial officer on December 1, 2026.

GTC, PLGTC0000037, Illustration mit AI erstellt.

Globe Trade Centre (ISIN PLGTC0000037) changed its finance leadership on October 15, 2026, appointing Oded Rahamim as chief financial officer from December 1. The move follows a second-quarter net loss of EUR 12.10 million, making the handover important for a property group managing refinancing and portfolio decisions. Sharenet reported the appointment and the resignation of Jacek Baginski on October 15, 2026.

A new finance chief takes over

Baginski resigned from the management board and CFO role with immediate effect, while the company said he would remain as an adviser until the end of 2026. Rahamim brings more than 15 years of international finance and board-level experience, according to the same company announcement carried by Sharenet.

The transition arrives while GTC is dealing with a sharp earnings swing. The second-quarter report showed revenue of EUR 53.00 million, compared with EUR 51.30 million in the second quarter of 2025, but net income moved from a EUR 1.90 million loss to a EUR 12.10 million loss. Simply Wall St said the net margin consequently moved from a 3.70 percent loss to a 22.80 percent loss.

What does the handover mean?

The immediate investor question is whether the new CFO can address the pressure visible in the income statement and balance sheet. GTC reported total debt of EUR 1.67 billion for the second quarter of 2026, while cash and cash equivalents stood at EUR 63.97 million in the same period. Operating cash flow was negative EUR 2.56 million in the quarter, according to the standardized second-quarter financial statements.

Dates that shape the transition

The next concrete date is December 1, 2026, when Rahamim is scheduled to assume the CFO position. Baginski is expected to remain in an advisory capacity through December 31, 2026, creating a defined handover period rather than an immediate break in finance responsibilities.

GTC keeps its property focus

GTC describes itself as a real estate investor and developer operating across Central and Eastern Europe, with office buildings, shopping centers, residential properties and hotels in its portfolio. Its investor page lists more than 82 office and retail properties developed, while the company is listed on the Warsaw Stock Exchange under the GTC name.

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