Business
MLP S A : Group accelerates European growth. Revenue up 20% and EBITDA up 10% in Q1 2026
MLP S A : Group accelerates European growth. Revenue up 20% and EBITDA up 10% in Q1
About this update from Mlp Group Sa
MLP Group accelerated its growth across Europe in Q1 2026, increasing revenue by 20% and EBITDA by 10%. During the period, the Group leased a record 65.8 thousand sqm of space, nearly three times more than a year earlier. Revenue: PLN 130.6 million (+20% YoY), EUR 30.8 million (+18% YoY), EBITDA (before revaluation): PLN 59.5 million (+10% YoY), EUR 14.0 million (+9% YoY), Gross Asset Value (GAV): PLN 6,856.7 million (+4% vs. 31 December 2025), EUR 1,598.5 million (+2% vs. 31 December 2025), Net Asset Value (NAV): PLN 3,233.4 million (+1% vs. 31 December 2025), EUR 753.8 million (0% vs. 31 December 2025), NAV per share: PLN 134.8 (+1% vs. 31 December 2025), EUR 31.4 (0% vs. 31 December 2025) Net profit: PLN 32.5 million (vs. PLN -42.7 million in Q1 2025), EUR 7.7 million (vs. EUR -10.2 million in Q1 2025). Leasing activity: 65.8 thousand sqm leased since the beginning of the year (+189% YoY vs. 22.8 thousand sqm in Q1 2025), New annualized contracted rent of EUR 4.6 million (+245 % YoY vs. EUR 1.3 million in Q1 2025). The European industrial and logistics sector entered 2026 with clear signs of recovery, supported by improving investment sentiment and stabilizing financing conditions. Strong demand for modern logistics space continues to focus primarily on major urban agglomerations and metropolitan regions, fully aligned with MLP Group's strategy of developing projects in key urban locations across its core markets. Since the beginning of the year, MLP Group signed lease agreements covering approximately 65.8 thousand sqm of space (+189% YoY), of which 58.5 thousand sqm was leased to new tenants. The new contracts will generate EUR 4.6 million in annualized rental income, compared to EUR 1.3 million in the previous year, representing an increase of 245 % YoY. In the first quarter of 2026, MLP Group generated consolidated revenue of PLN 130.6 million, up 20% year-on-year. At the same time, the Group delivered EBITDA (before revaluation) of PLN 59.5 million, improving the result from the corresponding period of the previous year by 10%. - We continue to consistently execute our strategy focused on the development of modern logistics parks in the largest urban agglomerations and metropolitan regions across Europe. Concentrating on key locations characterized by strong demand and limited land availability strengthens our competitive position and supports the...