Mirbud sets PLN 600 million bond program: what it means for Mirbud stock

Published on 10/05/2026 at 05:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mirbud sets a PLN 600 million bond program dated October 1, 2026. Mirbud stock had a PLN 11.42 quote versus a PLN 15.27 high.

Mirbud, PLMRBUD00015, Illustration mit AI erstellt.

Mirbud (PLMRBUD00015) established a bond issuance program with a maximum nominal value of PLN 600.0 million on September 30, 2026. The company reported PLN 1.45 billion in revenue and PLN 45.0 million in profit for the first half of 2026, according to XYZ.

What the bond program means

The program gives Mirbud room to issue unsecured bearer bonds in one or more series, with fixed or variable interest rates. The company said the final size, margin and issue date will be disclosed in separate current reports, according to Mirbud on September 30, 2026.

The balance-sheet backdrop is significant. Mirbud generated PLN 910.0 million in revenue and PLN 35.2 million in net income in the second quarter of 2026, while first-quarter revenue was PLN 547.4 million and net income was PLN 9.7 million. The quarterly figures show higher revenue and profit in the second quarter, although the financing program adds a future interest-cost variable.

Analyst target remains PLN 13.00

DM BDM raised its rating from reduce to accumulate in a report dated September 9, 2026, while keeping its price target at PLN 13.00. The recommendation was issued at PLN 11.75, putting the target 10.64 percent above that reference price, according to Bankier on September 16, 2026.

Mirbud's order backlog was PLN 8.73 billion at the end of August 2026, including PLN 7.44 billion in infrastructure contracts and PLN 1.29 billion in building construction, XYZ reported on September 8, 2026. That backlog provides the operating scale against which investors can assess the planned financing capacity.

Mirbud stock stays below yearly high

The Warsaw-listed stock had a PLN 11.42 quote on October 2, 2026, versus a PLN 15.27 52-week high and a PLN 9.77 low. At Lang & Schwarz, the prior close was EUR 2.59 on October 2, 2026. Price source: Lang & Schwarz prior close; no current quote was established for October 5, 2026.