Mirbud

Mirbud S.A. Announces New Board Appointment: Michał Niemyt Joins as Member of the Management Board

On February 27, 2026, the Supervisory Board of Mirbud S.A. appointed Michał Niemyt as a new member of the company’s Management Board, effective March 1, 2026. Mr. Niemyt has been a key figure in the infrastructure construction sector, serving as Vice President and Technical Director at KOBYLARNIA S.A., a subsidiary of the Mirbud Group, since 2013. With a degree in civil engineering from the Gdańsk University of Technology and extensive experience in overseeing road infrastructure projects, Mr. Niemyt brings valuable expertise to Mirbud S.A.’s leadership team.

Mr. Niemyt has no affiliations with competitive entities and is not listed in the Insolvent Debtors Register, ensuring his full alignment with Mirbud S.A.’s strategic goals.

This appointment underscores Mirbud S.A.’s commitment to strengthening its leadership in infrastructure construction, particularly in roadworks, which constitute the dominant segment of its business portfolio.

Relevance: The article is highly relevant as it highlights leadership changes within Mirbud S.A., directly impacting the company’s strategic direction and operational efficiency in its core infrastructure projects.

Mirbud S.A. Challenges KIO Ruling on Key Infrastructure Contract

On February 23, 2026, the management board of Mirbud S.A. announced that it has filed a complaint with the District Court in Warsaw against the ruling of the National Appeals Chamber (KIO) dated January 19, 2026 (case no. KIO 5144/25). The complaint challenges the KIO's decision to overturn the selection of the Torpol-Mirbud consortium's bid in favor of the Budimex-PORR consortium. Mirbud S.A. alleges procedural violations and misapplication of substantive law by the KIO and has requested the court to reinstate the original decision, which had awarded the contract to the Torpol-Mirbud consortium. The company emphasized the significant value of the contract and its strategic importance to Mirbud S.A.'s operations.

This development is highly relevant to Mirbud S.A.'s business profile as it directly impacts the company's backlog and its position in the competitive infrastructure market, particularly in the road and railway construction segments.

Mirbud S.A. Secures Contract for Construction of New Production Facility in Warsaw

Mirbud S.A., a leading Polish construction group, has been selected as the contractor for the demolition of an existing building and the construction of a new four-story production facility, along with accompanying installations and infrastructure, at Jana Nowaka-Jeziorańskiego Street in Warsaw. The contract, awarded by PCO S.A., is valued at PLN 109,638,510 gross. The company announced that the formal agreement will be signed shortly, with further updates to be provided in a separate report.

This development aligns with Mirbud S.A.'s strategic focus on general construction projects, particularly in the commercial and industrial sectors, and underscores its ability to secure high-value contracts in competitive tenders.

Mirbud S.A. Challenges Tender Decision for Rail Baltica Projects

Mirbud S.A., a leading Polish construction group, has filed a motion with the District Court in Warsaw to secure its claim regarding the rejection of its bid as the most advantageous offer in a public procurement process. The tender, issued by PKP Polskie Linie Kolejowe S.A., pertains to the preparation of executive documentation and execution of construction works for the Rail Baltica project on the E75 railway line, covering sections from Białystok to Ełk. The total value of the tender exceeds PLN 400 million.

The company argues that the rejection of its bid, submitted as part of a consortium with Torpol, will result in the selection of a more expensive offer, costing over PLN 400 million more than the consortium's proposal. Mirbud S.A. has requested the court to prohibit PKP Polskie Linie Kolejowe S.A. from signing a contract with the next bidder until the court resolves the appeal against the ruling of the National Appeals Chamber (KIO) issued on January 19, 2026. The company emphasizes the significant financial implications of the decision and its impact on public funds.

This development highlights Mirbud S.A.'s active participation in high-value infrastructure projects and its commitment to ensuring fair competition in public procurement processes.

Relevance: This article is highly relevant to Mirbud S.A.'s business profile as it involves a significant tender in the railway infrastructure segment, a key area of the company's strategic expansion and diversification efforts.

Mirbud S.A. Leads Consortium to Secure A2 Highway Construction Contract Worth PLN 457.8 Million

Mirbud S.A., a leading Polish construction group, has been selected as the leader of a consortium to execute a significant infrastructure project. The consortium, comprising Mirbud S.A. and Budpol Sp. z o.o., has been awarded the contract for the design and construction of the A2 highway section from the "Biała Podlaska" interchange to the state border, specifically the XI section spanning from km 641+011 to the "Dobryń" interchange at km 650+287. The total value of the contract is PLN 457,769,100 gross.

The project, commissioned by the General Directorate for National Roads and Motorways (GDDKiA), represents a major milestone for Mirbud S.A., further solidifying its position as a key player in Poland's road infrastructure sector. The company will provide additional updates upon the formal signing of the agreement.

Relevance: This contract aligns with Mirbud S.A.'s core business focus on road and engineering works, which constitute the dominant segment of its order backlog, and underscores its strong presence in public infrastructure tenders.

JHM Development Secures Major Investment Property in Poznań for Residential Project

On January 30, 2026, JHM Development S.A., a subsidiary of Mirbud S.A., finalized the acquisition of a significant investment property in Poznań, located in the Komandoria district. The purchased plot, covering an area of 12.2285 hectares, was acquired for a net value of PLN 421,180,000. The company plans to develop a large-scale residential project on the site, which will include over 2,000 multifamily housing units. The payment terms of the agreement include installment-based payments, and the contract adheres to standard provisions for such transactions.

This development aligns with Mirbud S.A.'s strategic focus on expanding its real estate segment through JHM Development, which contributes to the company's diversification and high-margin business activities.

Mirbud S.A. Secures €17.6 Million Contract for Construction of 7R Park Gdańsk V

Mirbud S.A., a leading Polish construction group, has signed a contract with 7R Projekt 47 Sp. z o.o. for the development of a warehouse and production hall, complete with social-office facilities and technical infrastructure. The project, named 7R Park Gdańsk V, will be located in Barniewice, Żukowo municipality, Pomeranian Voivodeship. The contract is valued at €17,606,067.54 net, marking a significant addition to Mirbud's portfolio.

The agreement underscores Mirbud's expertise in general construction and its ability to secure high-value contracts, further strengthening its position in the commercial construction segment.

Mirbud S.A. Secures Major Public-Private Partnership Contract in Marki

Mirbud S.A., a leading Polish construction group, has been selected as the preferred contractor for a significant public-private partnership project in Marki. The contract, awarded by the Municipality of Marki, involves the construction and modernization of three municipal roads and their maintenance over an 18-year period. The total value of the project amounts to PLN 327,989,742.99 gross, with PLN 181,992,665.10 allocated for construction works. The company will provide further updates upon signing the agreement.

Relevance: This contract aligns with Mirbud S.A.'s core business focus on road construction and infrastructure projects, reinforcing its dominant position in the sector and expanding its backlog of high-value contracts.

PKP PLK Cancels Selection of Consortium Including Mirbud S.A. for Rail Baltica Projects

Mirbud S.A., in partnership with Torpol S.A., has been informed by PKP Polskie Linie Kolejowe S.A. about the cancellation of the consortium's offer selection for major Rail Baltica projects. The decision, based on a ruling by the National Appeals Chamber, affects contracts for the preparation of documentation and execution of construction works on the E75 railway line segments: Białystok-Knyszyn, Knyszyn-Osowiec, and Osowiec-Ełk. The unselected offer was deemed significant due to its substantial value and strategic importance for Mirbud S.A.

Relevance: This development directly impacts Mirbud S.A.'s expansion into the railway infrastructure segment, a key area of diversification outlined in its business strategy.

Mirbud S.A. Secures Major Residential Construction Contract in Wrocław

Mirbud S.A. has signed a significant contract with Apsys Stawowa sp. z o.o. for the redevelopment, expansion, and construction of a residential complex in Wrocław. The project includes the transformation of existing buildings into a multifamily residential complex, the construction of a new residential building with an underground garage, and necessary demolitions. The total net value of the contract is PLN 48,589,096. The agreement, signed on January 12, 2026, is considered a key development for the company due to its substantial value and strategic importance.

Relevance: This contract aligns with Mirbud S.A.'s core operations in general construction and strengthens its portfolio in the residential construction segment, contributing to its growth and diversification strategy.

Mirbud S.A. Secures Contract for Sidzina Bypass Construction Worth Over PLN 149 Million

Mirbud S.A., a leading Polish construction group, has signed a significant contract with the State Treasury, represented by the General Directorate for National Roads and Motorways (GDDKiA), for the construction of the Sidzina bypass along National Road No. 46. The total value of the contract is PLN 149,146,744.19 gross. The project is set to be completed within 39 months from the date of signing, excluding winter periods (from December 16 to March 15).

This contract highlights Mirbud S.A.'s strong position in the road construction sector and its ability to secure high-value public infrastructure projects, which are a core component of its business strategy.

Mirbud S.A. Secures Key Construction Project for Mercedes-Benz Manufacturing Poland

Mirbud S.A. has announced the receipt of signed letters of intent from PANATTONI BTS Sp. z o.o. for the construction of facilities in Jawor, Silesian Voivodeship, to support Mercedes-Benz Manufacturing Poland. The project includes the development of a warehouse-production building and a connector between existing buildings, with a total contract value of €25.67 million net. The first task, the warehouse-production building, is valued at €24.41 million net, while the second task, the connector, is valued at €1.26 million net. Mirbud S.A. will provide further updates upon the signing of the formal agreement.

Relevance: This project aligns with Mirbud S.A.'s core expertise in general construction and infrastructure development, particularly in the commercial and industrial sectors, and significantly contributes to its growing order backlog.

Mirbud S.A. Secures €29.7 Million Contract for Construction of Warehouse and Service Complex

Mirbud S.A., a leading Polish construction group, has signed a significant contract with ATO Poland Sp. z o.o. for the construction of a warehouse and service complex, including social and administrative spaces and accompanying infrastructure such as parking facilities. The contract, valued at €29.7 million net, underscores Mirbud's strong position in the general construction sector. The project will be executed in Warsaw, further solidifying the company's presence in commercial and industrial construction projects.

The agreement was classified as confidential information due to its substantial value and strategic importance to the company, aligning with Mirbud's ongoing efforts to expand its portfolio and maintain a robust backlog of orders.

Relevance: This contract highlights Mirbud's core expertise in general construction and its ability to secure high-value projects, contributing to the company's growth and financial stability.

MIRBUD S.A. Reports Financial Decline Amid Strategic Expansion and Operational Challenges

MIRBUD S.A., a leading Polish construction group, has reported a 17.3% year-on-year decline in revenue for the first nine months of 2025, amounting to PLN 1.95 billion. Operating profit (EBIT) fell by 24.2% to PLN 77.6 million, while net profit decreased by 22.1% to PLN 50.2 million. The company faced significant cash flow challenges, with operating cash flow at PLN -307.5 million, compared to PLN -159.3 million in the same period last year. Despite these challenges, total assets grew by 9.2% to PLN 2.64 billion, supported by a 3.6% increase in equity to PLN 1.13 billion.

The construction segment remained the dominant revenue driver, contributing 99.4% of total revenue, with key contracts including a PLN 446.7 million road construction project for GDDKiA and a PLN 188.5 million airport infrastructure project for AMW SINEVIA. The real estate development segment also showed activity, with new residential projects in Poznań, Gdańsk, and Żyrardów, generating PLN 67 million in revenue. However, the property rental segment faced setbacks due to the May 2024 fire at Marywilska 44, resulting in a temporary loss of rental income, though an insurance payout of PLN 110 million is expected.

Strategic expansion into rail infrastructure marked a significant milestone, with MIRBUD securing a PLN 46.5 million contract with PKP Polskie Linie Kolejowe and partnering with TORPOL S.A. for the Rail Baltica project, where MIRBUD holds a 50% share of the PLN 4.57 billion contract. Additionally, the acquisition of Interasphalt Sp. z o.o. for PLN 90 million in October 2025 further strengthens the company’s capabilities in infrastructure projects.

Despite macroeconomic challenges such as high inflation, rising interest rates, and geopolitical uncertainties, MIRBUD maintains a robust pipeline of contracts worth PLN 4.1 billion secured post-reporting period. The company’s focus on diversifying into rail and energy infrastructure, along with the planned reconstruction of Marywilska 44, is expected to support future growth.

Relevance: The article highlights MIRBUD S.A.'s financial performance, strategic expansions, and operational challenges, directly aligning with its business profile as a diversified construction and infrastructure leader in Poland.

Mirbud S.A. Reports Preliminary Financial Results for Q3 2025

Mirbud S.A., a leading Polish construction group, has announced preliminary financial results for the first three quarters of 2025. The company reported consolidated revenues of PLN 1.949 billion, gross profit of PLN 143 million, and net profit of PLN 50 million. On a standalone basis, Mirbud achieved revenues of PLN 1.297 billion, gross profit of PLN 105 million, and net profit of PLN 94 million. These figures are approximate and subject to adjustments in the final financial report for the period ending September 30, 2025.

Relevance: The article highlights Mirbud S.A.'s financial performance, showcasing its ability to maintain strong revenues and profitability, which is crucial for assessing its stability and growth potential in the construction and infrastructure sectors.

Mirbud S.A. Secures Contract for Shopping and Service Center in Konstantynów Łódzki

Mirbud S.A. has signed a significant contract with BIG Konstantynów Sp. z o.o. for the design and construction of a Shopping and Service Center in Konstantynów Łódzki. The project, valued at PLN 36.75 million net, will be executed under the "design and build" formula and includes the development of necessary infrastructure. The agreement, finalized on November 19, 2025, represents a substantial addition to Mirbud's portfolio and underscores the company's expertise in general construction projects.

Relevance: This contract aligns with Mirbud S.A.'s core business in general construction, particularly in commercial infrastructure, and contributes to the company's growing backlog of high-value projects.

Mirbud S.A. Secures Major Rail Baltica Contract as Part of Consortium

Mirbud S.A., a leading Polish construction group, has been selected as part of a consortium with TORPOL S.A. to execute a significant project for PKP Polskie Linie Kolejowe S.A. The contract involves the preparation of executive documentation and the execution of construction works on the E 75 Rail Baltica line, covering sections from Białystok to Knyszyn, Knyszyn to Osowiec, and Osowiec to Ełk. The total contract value amounts to PLN 4.57 billion gross, with Mirbud holding a 50% share in the consortium.

The project includes a basic scope valued at PLN 2.65 billion gross, along with several optional components. The contract is set to be completed within 38 months from the signing date. The selection of the consortium's offer was based solely on price criteria, with the project being a critical addition to Mirbud's growing portfolio in the railway infrastructure sector.

This development underscores Mirbud's strategic expansion into the railway segment, aligning with its diversification goals and strengthening its position in high-value infrastructure projects.

Mirbud S.A. Secures Major Road Construction Contracts Worth Nearly 198 Million PLN

Mirbud S.A., a leading Polish construction group, has signed two significant contracts with the Inowrocław County for the design and construction of road infrastructure. The projects, valued at a total of 197,761,702.93 PLN gross, involve the expansion of roads in the Inowrocław-Solec Kujawski and Nowa Wieś Wielka-Leszyce areas. The contracts are divided into two parts:

• Part 1: Design and construction of the Inowrocław-Rojewo-Jezuicka Struga-Stara Wieś section, valued at 131,416,123.97 PLN gross.
• Part 2: Design and construction of the Leszyce-Nowa Wieś Wielka section and the Solec Kujawski Industrial Park connection, valued at 66,345,578.96 PLN gross.

Both projects are to be completed within 37 months from the signing date. The contracts are classified as significant due to their value and strategic importance for Mirbud S.A.

Relevance: This development aligns with Mirbud S.A.'s core business focus on road construction, which constitutes the dominant segment of its backlog, and reinforces its strong position in public infrastructure projects.

Mirbud S.A. Secures Contract for Sidzina Bypass Construction Worth Over PLN 149 Million

Mirbud S.A., a leading Polish construction group, has been selected by the General Directorate for National Roads and Motorways (GDDKiA) in Opole as the contractor for the construction of the Sidzina bypass on National Road No. 46. The project, awarded through an open tender process, is valued at PLN 149,146,744.19 gross. The company will provide further updates upon the signing of the contract.

The selection of Mirbud's offer underscores the company's strong position in the road construction sector, which constitutes the dominant segment of its order backlog. This contract further solidifies Mirbud's role as a key player in Poland's infrastructure development.

Mirbud S.A. Nears 10 Billion PLN Backlog Target with New Contracts

Mirbud S.A., a leading Polish construction group, has reported a backlog of nearly 8.9 billion PLN at the end of Q3 2025, moving closer to its annual target of 10 billion PLN. The company secured two significant road construction contracts in September, totaling 335.2 million PLN net. The first involves the design and construction of the Wschowa and Dębowa Łęka bypass along National Road No. 12, valued at 128.74 million PLN net. The second contract, worth approximately 226.5 million PLN net, covers the design and construction of National Road No. 9 between Skaryszew and the beginning of the Iłża bypass. Additionally, Mirbud signed a 50 million PLN agreement for a real estate development project. Infrastructure projects dominate the company's portfolio, accounting for 7.2 billion PLN of the total backlog. Mirbud also aims to expand its railway segment, targeting 1 billion PLN in contracts by year-end, with one railway contract worth 57 million PLN secured so far. The company has produced 766,400 tons of bituminous mass for ongoing projects this year.

Relevance: This article highlights Mirbud S.A.'s strategic progress in expanding its backlog, particularly in infrastructure and railway segments, aligning with its business profile and growth objectives.