Budimex BDX.WA · PLN

Industrials · GPW · 🇵🇱 Poland

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755.20

+2.08%

Close of 9 Nov 2026, in PLN

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in PLN, from our data supplier.

FY2025

Revenue

PLN 9.44bn

FY2016FY2025

Net income

PLN 748.0m

FY2016FY2025

Free cash flow

PLN 273.7m

FY2016FY2025

Shareholders' equity

PLN 1.34bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	PLN 9.44bn	PLN 9.12bn	PLN 9.80bn	PLN 8.62bn	PLN 7.91bn	PLN 8.38bn	PLN 7.57bn	PLN 7.39bn	PLN 6.37bn	PLN 5.57bn
Gross profit	PLN 1.28bn	PLN 1.16bn	PLN 1.12bn	PLN 872.4m	PLN 833.8m	PLN 937.0m	PLN 551.6m	PLN 629.1m	PLN 809.8m	PLN 751.3m
Research and development	—	PLN 41.8m	PLN 30.2m	PLN 88.9m	PLN 16.8m	PLN 14.9m	—	—	—	—
Operating income	PLN 868.1m	PLN 743.8m	PLN 781.1m	PLN 562.4m	PLN 587.1m	PLN 638.6m	PLN 318.4m	PLN 417.0m	PLN 588.3m	PLN 505.1m
Net income	PLN 748.0m	PLN 615.9m	PLN 738.2m	PLN 534.4m	PLN 465.9m	PLN 459.5m	PLN 226.0m	PLN 305.4m	PLN 464.4m	PLN 409.9m
Diluted earnings per share	35.37	24.13	28.91	20.93	14.81	18.00	8.86	11.96	18.20	16.04

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	PLN 8.42bn	PLN 7.82bn	PLN 8.42bn	PLN 7.39bn	PLN 6.86bn	PLN 7.46bn	PLN 6.67bn	PLN 5.46bn	PLN 6.00bn	PLN 5.59bn
Cash and short-term investments	PLN 2.90bn	PLN 3.23bn	PLN 3.93bn	PLN 3.26bn	PLN 2.72bn	PLN 2.08bn	PLN 1.64bn	PLN 1.41bn	PLN 2.13bn	PLN 2.72bn
Total liabilities	PLN 7.03bn	PLN 6.53bn	PLN 6.85bn	PLN 6.09bn	PLN 5.50bn	PLN 6.27bn	PLN 5.84bn	PLN 4.71bn	PLN 5.12bn	PLN 4.79bn
Debt	PLN 440.7m	PLN 261.0m	PLN 236.6m	PLN 225.1m	PLN 239.0m	PLN 450.7m	PLN 450.4m	PLN 238.9m	PLN 122.4m	PLN 82.6m
Shareholders' equity	PLN 1.34bn	PLN 1.23bn	PLN 1.53bn	PLN 1.26bn	PLN 1.32bn	PLN 1.15bn	PLN 808.1m	PLN 743.3m	PLN 881.4m	PLN 801.4m
Shares outstanding	21m	26m	26m	26m	31m	26m	26m	26m	26m	26m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	PLN 591.4m	PLN 547.4m	PLN 1.31bn	PLN 1.43bn	PLN 765.4m	PLN 887.5m	PLN 574.3m	−PLN 523.4m	PLN 195.8m	PLN 611.5m
Capital spending	−PLN 317.7m	−PLN 253.5m	−PLN 141.9m	−PLN 125.2m	−PLN 104.5m	−PLN 61.3m	−PLN 43.8m	−PLN 21.5m	−PLN 32.3m	−PLN 42.7m
Free cash flow	PLN 273.7m	PLN 293.9m	PLN 1.17bn	PLN 1.30bn	PLN 660.9m	PLN 826.3m	PLN 530.6m	−PLN 544.9m	PLN 163.5m	PLN 568.8m
Dividends paid	−PLN 649.2m	−PLN 911.2m	−PLN 459.3m	−PLN 599.2m	−PLN 806.8m	−PLN 116.4m	−PLN 160.8m	−PLN 449.6m	−PLN 382.7m	−PLN 207.8m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	PLN 2.73bn	PLN 1.50bn	PLN 3.03bn	PLN 2.46bn	PLN 2.31bn	PLN 1.64bn	PLN 2.61bn	PLN 2.47bn
Gross profit	PLN 371.2m	PLN 207.4m	PLN 504.6m	PLN 304.9m	PLN 292.0m	PLN 193.2m	PLN 378.2m	PLN 305.2m
Operating income	PLN 203.0m	PLN 107.5m	PLN 373.7m	PLN 192.5m	PLN 191.0m	PLN 110.9m	PLN 235.6m	PLN 212.4m
Net income	PLN 163.4m	PLN 86.3m	PLN 307.0m	PLN 170.5m	PLN 156.2m	PLN 114.3m	PLN 168.9m	PLN 170.3m
Diluted earnings per share	6.36	3.36	14.52	8.06	7.38	5.41	6.62	6.67
Cash from operations	−PLN 448.0m	−PLN 49.0m	PLN 765.0m	PLN 107.0m	−PLN 59.0m	−PLN 215.0m	PLN 872.0m	−PLN 147.0m
Capital spending	−PLN 39.0m	−PLN 33.0m	−PLN 119.0m	−PLN 71.0m	−PLN 89.0m	−PLN 36.0m	−PLN 107.0m	−PLN 65.0m
Free cash flow	−PLN 487.0m	−PLN 82.0m	PLN 646.0m	PLN 36.0m	−PLN 148.0m	−PLN 251.0m	PLN 765.0m	−PLN 212.0m
Total assets	PLN 7.33bn	PLN 8.06bn	PLN 8.42bn	PLN 7.76bn	PLN 7.34bn	PLN 7.70bn	PLN 7.82bn	PLN 7.51bn
Cash and short-term investments	PLN 1.52bn	PLN 2.86bn	PLN 2.90bn	PLN 2.08bn	PLN 2.08bn	PLN 2.97bn	PLN 3.23bn	PLN 2.49bn
Debt	PLN 137.5m	PLN 89.6m	PLN 302.8m	PLN 80.9m	PLN 76.2m	PLN 64.1m	PLN 148.5m	PLN 65.2m
Shareholders' equity	PLN 763.0m	PLN 1.43bn	PLN 1.34bn	PLN 1.03bn	PLN 853.2m	PLN 1.35bn	PLN 1.23bn	PLN 1.07bn

Financial ratios

Data as of 27 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	13.6%	12.7%	11.5%	10.1%	10.5%	11.2%
Operating margin	9.2%	8.2%	8.0%	6.5%	7.4%	7.6%
Net margin	7.9%	6.8%	7.5%	6.2%	5.9%	5.5%
Return on equity	56.0%	50.0%	48.2%	42.5%	35.3%	40.0%
Return on assets	8.9%	7.9%	8.8%	7.2%	6.8%	6.2%
Free cash flow yield	6.2%	4.5%	8.2%	8.8%	4.0%	5.4%
Revenue growth	3.5%	-7.0%	13.7%	8.9%	-5.6%	10.7%
Earnings growth	21.4%	-16.6%	38.1%	14.7%	1.4%	103.3%
Current ratio	1.03x	1.03x	1.12x	1.10x	1.16x	1.15x
Debt to equity	0.23x	0.12x	0.09x	0.09x	0.09x	0.20x
Equity ratio	15.9%	15.8%	18.2%	17.0%	19.2%	15.4%
Interest coverage	18.70x	17.82x	18.66x	15.15x	16.97x	48.19x
R&D as a share of sales	—	0.5%	0.3%	1.0%	0.2%	0.2%
Buybacks as a share of market value	17.2%	0.0%	0.0%	18.9%	-23.3%	-0.1%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	3.1%	2.4%	6.3%
Operating income	15.6%	6.3%	11.5%
Net income	11.9%	10.2%	12.2%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	13.2%	12.0%	11.7%	11.1%
Operating margin	8.7%	8.0%	7.8%	7.4%
Net margin	7.4%	7.1%	6.7%	6.1%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	18.0	19.3	21.6	13.6	15.3	17.1	19.4	9.5	11.7	12.3
Price to sales	1.4	1.3	1.6	0.8	0.9	0.9	0.6	0.4	0.8	0.9

Dividends and splits

Per share, in the currency the company pays

Paid for 17 years. Last went ex-dividend on 2 Jun 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Paid in the year	32.42	25.43	35.69	17.99	23.47	31.60	4.56	6.30

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Budimex BDX.WA · PLN

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology