GTC reports H1 revenue growth: GTC stock sits below its yearly high

Published on 10/13/2026 at 05:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 revenue reached EUR 53.00 million, while rental activity rose 5.00 percent. For GTC stock, net income was a EUR 12.10 million loss.

Key points in brief

GTC reported 5.00 percent year-over-year growth in rental activity during the first half of 2026.
First-half revenue was EUR 53.00 million, while net income was a EUR 12.10 million loss.
The latest quoted Warsaw price was PLN 2.35 on October 12, 2026, against a PLN 2.16 to PLN 4.06 52-week range.
Adjusted EBITDA reached more than EUR 63.00 million and occupancy stood at 87.00 percent in the first half of 2026.

GTC, PLGTC0000037, Illustration mit AI erstellt.

Globe Trade Centre reported first-half rental activity growth of 5.00 percent year over year, while GTC stock stood 42.12 percent below its 52-week high of PLN 4.06 as of October 12, 2026. The figures combine improving operations with a sharp profitability challenge.

Three results shaped the year

Stockd reported first-quarter revenue of EUR 53.30 million on June 1, 2026. Its half-year update published on August 28, 2026 showed revenue of EUR 53.00 million, adjusted EBITDA of EUR 60.20 million and net income of minus EUR 12.10 million.

The latest management discussion came on September 28, 2026. As Yahoo Finance reported from the call, adjusted EBITDA was up 11.00 percent year over year to more than EUR 63.00 million, while occupancy of the commercial portfolio was 87.00 percent.

Growth meets a deeper loss

The operating trend was better than the bottom line. Rental activity increased 5.00 percent year over year, service-line revenue rose 9.00 percent in the first half of 2026, and gross margin increased 10.00 percent year over year, according to Yahoo Finance.

The counterweight was net income. Simply Wall St reported that second-quarter revenue was EUR 53.00 million versus EUR 51.30 million a year earlier, while the net loss widened from EUR 1.90 million to EUR 12.10 million. The comparison makes occupancy and asset disposals central to the investment case rather than revenue growth alone.

Leverage remains the key test

Management said loan-to-value increased from 57.00 percent at year-end to 58.70 percent at the end of June 2026. The company also had EUR 350.00 million of loans maturing within 12 months, with EUR 130.00 million extended and EUR 220.00 million still to be rolled over.

Portfolio data add a second operational contrast. Retail occupancy was 96.00 percent at the end of June, while office occupancy improved from 83.00 percent at year-end to 84.00 percent. Poland remained the weaker office market at 76.00 percent occupancy.

GTC stock remains below its high

On the Warsaw Stock Exchange, GTC last stood at PLN 2.35 on October 12, 2026 at 4:02 p.m. CEST. Its 52-week range was PLN 2.16 to PLN 4.06, while market capitalization was PLN 1.3 billion as of the same market snapshot.

For investors, the figures define a clear trade-off: rental operations and adjusted EBITDA improved in the first half of 2026, but the EUR 12.10 million net loss and 58.70 percent loan-to-value ratio keep balance-sheet execution at the center of the story. The further course of trading is shown by the continuously updated real-time quote of GTC stock.