Lead pic.
29 April 2026 -Annual Report 2025
Highlights
Operational Highlights 2025
- New tenant will occupy 3,000 sqm at Mogilska 35 (Q2 2025)
- Cowork by Memos expands in Łódź and Kraków (Q2 2025)
- EUR 4.9 million bond successfully placed in Poland (Q3 2025)
-
Warimpex obtains building permit for its
first residential development in Poland (Q4 2025)
Operational Highlights 2026 - Warimpex launches sales of apartments in the MOG31 residential building on 31 Mogilska Street in Kraków (Q1 2026)
- Start of construction for the MOG31 residential building in Kraków (Q2 2026)
- Main tenant at Mogilska 43 Office in Kraków renews lease (Q2 2026)
Key figures 1-12 2025 (24)
Revenues: -5 % to EUR 20.4 mn
− Rental Income +8 %
− Revenues Hotels -26 %
EBITDA: EUR 1.8 mn (EUR 1.1 mn)
Profit/Loss for the period from continuing operations: EUR -2.4 mn (EUR -16. mn)
Current office portfolio at a glance
as of 31/12/25
Offices | City | Country | Area* | Stake | Occ. Rate 12/25 (approx.) |
Ogrodowa Office | Łódź | PL | 28,400 m² | 100 % | 83 % |
Mogilska 35 | Krakow | PL | 11,900 m² | 100 % | 99 % |
Mogilska 43 | Krakow | PL | 12,900 m² | 100 % | 99 % |
Mogilska 41 | Krakow | PL | 5,100 m² | 100 % | 100 % |
Red Tower | Łódź | PL | 12,400 m² | 100 % | 34 % |
Erzsébet Offices | Budapest | HU | 14,400 m² | 100 % | 96 % |
* Office and retail area, without storage | 85,000 m² | 84 % |
Kraków Mogilska 35
Office building in the commercial district
Total of approx. 11,900 m² lettable office space
Underground parking lot
Opened in Q4/2023
Kraków Mogilska 43
Łódź Red TowerLeasable area of 12,400 m²
BREEAM - Very Good (2024)
ŁódźHigh res. pic.
Current rendering
Ogrodowa OfficeOffice building next to andel's Hotel Łódź - premium location in the city
Total of approx. 28,400 m² lettable office space
Underground parking lot
Construction started in Q4 2016
Opened October 2018
as of 31/12/2025
Hotels | City | Country | Rooms | Stake |
Ibis Styles Hotel Darmstadt *** | Darmstadt | DE | 330 | 100 % |
InterContinental***** | Warsaw | PL | 414 | 50 % operating lease at equity |
Real estate assets by sector*
Development EUR 34.4 m
* EUR 241,2 mn Gross Asset Value as of 31/12/2025
Hotels EUR 21.2 m
Offices EUR 184.7 m
Real estate assets by country*
HU: 10 %
DE: 16 %
PL: 74 %
* as of 31/12/2025
DevelopmentsOverview ongoing developments
Project | Status | Exp. opening | Total area (approx.) | Beneficial ownership |
Kraków Mogilska 31 living, 145 Apartments | under construction | Q2 2028 | 8,000 m² | 100 % |
Kraków Mogilska 39 | planning | - | 5,300 m² | 100 % |
Kraków Chopin Co-living/Office | building permit | - | 20,600 m² | 100 % |
Darmstadt Office West Yard 29 | on hold | - | 12.500 m² | 100 % |
Darmstadt Office West Yard 21-25 | on hold | - | 18,000 m² | 100 % |
Mogilska 31 Living
145 Apartments
Modern premium apartments in a prestigious, dynamically growing, central district of Krakow
10 story apartment building, 203
underground parking spaces
Kraków
High res. pic.
Chopin Co-Living/OfficeCo-Living/Office project next to Chopin Hotel Kraków
Premium location in the city
Total of approx. 20,600 m² lettable space
Underground parking lot
Building permit in place
Key to future success
Flex Offices- Flexible offices in Kraków (2x) und Łódź (2x)
Key objectives for 2026
1. | 2. | 3. | ||
Develop land reserves | Increase value of | Sustainable buildings | ||
standing | ||||
assets | ||||
•
•
Sale of apartments: Mogilska 31 Living
Rebrand hotel in Darmstadt
Green buildings
Offices | City | Country | Area | Stake | Green Certificate |
Erzsébet Offices | Budapest | HU | 14,400 m² | 100 % | BREEAM Very Good |
Mogilska 35 | Kraków | PL | 11,900 m² | 100 % | BREEAM Excellent |
Mogilska 43 | Kraków | PL | 12,900 m² | 100 % | BREEAM Excellent |
Red Tower | Łódź | PL | 12,400 m² | 100 % | BREEAM Very Good |
Ogrodowa Office | Łódź | PL | 28,400 m² | 100 % | BREEAM Excellent |
80,000 m² | |||||
as of 30/06/2025
Lead pic.
Thank you!Appendix
Company history
1959 |
1980 |
1982 - 1988 |
1988-1989 |
1994 -1996 |
1999 |
2001-2003 |
2004-2006 |
2007-2008 |
− Foundation of Warimpex Export-,
Import- Transithandelswarengesellschaft m.b.H.
− Warimpex enters real estate market
− Novotel, Budapest - first Warimpex hotel
− Penta Hotel, Budapest, Forum Hotel, Prague
− Holiday Inn, Warsaw
− Hotel Palace, Prague
− Hotel Savoy, Prague
− Hotel Sheraton, Warsaw
− Warsaw Towers - first Warimpex office building
− Shopping and Entertainment Gallery, Brno
− Hotel andel's, Prague
− Hotel Le Palais, Prague
− Hotel InterContinental, Warsaw
− andel's Suites, Prague - long stay apartments
− Leaders Club guests recognition Award for Le Palais
− Hotel angelo, Prague
− Hotel Chopin, Krakow
− Hotel Sobieski, Warsaw
− IPO in Vienna and Warsaw
− Hotel andel's, Krakow
− Hotel Liner, Ekaterinburg
− Hotel angelo, Munich
− Hotel angelo, Pilsen
2009-2014
− Hotel andel's, Łódź
− Hotel angelo, Katowice
− Hotel andel`s, Berlin
− Hotel angelo, Bucharest
− Hotel angelo, Ekaterinburg
− Hotel Crowne Plaza, AIRPORTCITY St. Petersburg
− Le Palais Office, Warsaw
− Jupiter Towers, AIRPORTCITY St. Petersburg
− Palais Hansen Kempinski, Vienna
2015-2025
− Zeppelin Tower, AIRPORTCITY St. Petersburg
− Erzsébet Office, Budapest
− Bykovskaya multi-use building, AIRPORTCITY St. Petersburg
− B52, Budapest
− Ogrodowa Office, Lodz
− Mogilska 43 Office, Krakow
− Avior Tower, AIRPORTCITY St. Petersburg
− Mogilska 35, Office, Krakow
Income statement - 1-12 2025
EUR (in thousands) | 1-12 2025 | 1-12 2024 | +/- |
Revenues from Investment Properties | 14,279 | 13,172 | 8 % |
Revenues from Hotels | 4,475 | 6,061 | -26 % |
Revenues from Development & Services | 1,675 | 2,275 | -58 % |
Total revenues | 20,429 | 21,508 | -5 % |
Expenses directly attributable to the revenues | -10,938 | -12,239 | -11 % |
Gross income from revenues | 9,491 | 9,270 | 2 % |
Income from the disposal of properties | - | -90 | - |
EBITDA | 1,804 | 1,118 | 61 % |
Depreciation, amortization, and revaluation | 2,786 | -9,662 | - |
EBIT | 4,590 | -8,544 | - |
Financial result | -6,473 | -7,660 | -15 % |
Gains or losses from continuing operations | -2,403 | -16,485 | - |
Profit/Loss for the period | -2,403 | -84,807 | - |
Balance Sheet - 31 December 2025
EUR (in thousand) | 31/12/2025 | 31/12/2024 | +/- |
Non-current assets | 225,194 | 225,088 | - |
Current assets | 15,198 | 4,101 | 271 % |
Total assets | 240,392 | 229,189 | 5 % |
Equity attributable to shareholders of the parent | 70,895 | 72,947 | - 3 % |
Non-controlling interests | 157 | 134 | 17 % |
Equity | 71,052 | 73,081 | - 3 % |
Long-term debt | 148,538 | 131,666 | 13 % |
Short-term debt | 20,801 | 24,441 | - 15 % |
Total equity and liabilities | 240,392 | 229,189 | 5 % |
Cash flow statement - 1-12 2025
EUR (in thousand) | 1-12 2025 | 1-12 2024 | +/- |
Cash receipts | 22,275 | 51,161 | - 56 % |
Cash payments | -19,891 | -35,297 | - 44 % |
Cash flow from operating activities | 2,384 | 15,865 | - 85 % |
Cash flow for investing activities | -6,827 | 12,645 | - 154 % |
Cash flow for/from financing activities | 4,420 | -33,178 | - 113 % |
Cash and cash equivalents at end of period | 1,465 | 1,479 | - 1 % |
Shareholder structure (rounded)
Key Exchange Data | |
Number of shares | 54,000,000 |
Vienna Stock Exchange | Standard Market |
Warsaw Stock Exchange | WIG WIG-real estate |
Ticker Symbols | Stock Exchanges WXF Reuters WXFB.VI |
Free Float
41 %
Generali OFE
> 5 %
Franz Jurkowitsch (incl. Amber private trust)
25 %
Georg Folian (incl. Bocca private trust) 25 %
LLB Invest
> 4 %
Management Board of WarimpexAlexander Jurkowitsch | Franz Jurkowitsch | Daniel Folian | Florian Petrowsky |
Member | Chairman | Deputy Chairman | Member |
Corporate calendar
− | 24 May 2026 | Record date for the Annual General Meeting |
− | 3 June 2026 | Annual General Meeting |
− | 28 November 2026 | Publication of the results for the first half of 2026 |
Chairman
Tel.: +43 1 310 55 00 - 125
franz.jurkowitsch@warimpex.com
Daniel FolianCFO, Investor Relations Tel.: +43 1 310 55 00 - 156
daniel.folian@warimpex.com