Warimpex saw revenue drop but EBITDA rise in first nine months of 2025, with a projected net loss for the year.

Warimpex Finanz- und Beteiligungsholding AG reported mixed results for the first nine months of 2025, with revenues down 6.2% to €14.8 million but EBITDA up 17.1% to €1 million. The investment properties segment performed well, driven by Poland’s office rental growth, while the hotel and development segments underperformed. Despite improved cost control and lower financing costs, net debt rose to €145 million and net gearing reached 212.1%. The company plans to finance 80% of its €80 million MOG31 residential project in Kraków with debt, with completion expected by 2026. Updated forecasts project full-year 2025 revenues of €19.1 million, EBITDA of €1.2 million, and a net loss of €5.9 million. The 12-month target price was lowered to €1.02.