Current reports
With reference to report No. 36/2025 of 18/06/2025, the Management Board of Budimex S.A. announces that on 10/07/2025 the General Directorate for National Roads and Motorways, Wrocław Branch, again selected the bid of Budimex S.A. as the most advantageous in the tender procedure entitled: “Design and construction of the S8 Wrocław – Kłodzko expressway, task 4 – section Łagiewniki Zachód junction (without the junction) – Niemcza junction (with the junction), length of approx. 9.34 km” referred to in current report No. 21/2025 of 30/04/2025.
The Management Board of Budimex SA informs that on 09.07.2025. The Contracting Authority – PKP Polskie Linie Kolejowe S.A. informed the Consortium composed of: Budimex S.A. (Consortium Leader, 45% share), Budimex Kolejnictwo S.A. (Consortium Partner, 5% share), Gülermak S.A. (Consortium Partner, 50% share), that it has selected the Consortium’s offer as the most advantageous in the tender procedure for the “Design (in the field of traffic control industry) and comprehensive performance of construction works on railway line No. 622 on the H Szczyrzyc – Tymbark section under the Project entitled: “Construction of a new railway line Podłęże – Szczyrzyc – Tymbark/Mszana Dolna and modernization of the existing railway line No. 104 Chabówka – Nowy Sącz – Stage II”
The information that our offer was rated the highest in the tender procedure was published on 16.05.2025 in current report No. 24/2025 corrected on 19.05.2025 by report 24/2025-K
Value of the offer submitted by the Consortium: PLN 1,693,354,580.60 net, including:
Basic scope: PLN 1,690,854,580.60 net including Contingent Salary PLN 280,434,782.61 net
Interface option: PLN 2,500,000.00 net
Date of commencement of works: the day after signing the Contract
Completion date: 54 months from the date of conclusion of the contract
Warranty period: 72 months
Warranty period: 72 months
Advance payment: in the amount of 10% of the net salary
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
Bank guarantee of good performance: 5% of the gross price for the Basic Scope given in the offer less the Contingent Remuneration
Maximum value of contractual penalty paid by the Contractor: 30% of the Contracted Contract Amount
The Parties reserve the right to seek supplementary damages, transferring the amount of the stipulated contractual penalties to the amount of the actual damage suffered.
Other contractual conditions do not deviate from market standards.
The value of the offer exceeds the threshold of 182,357 thousand net.
The Management Board of Budimex S.A. with its registered office in Warsaw (the “Company”) hereby informs that it has received notifications of transactions (“Notifications”) which have been submitted by the following persons discharging managerial responsibilities in the Company in accordance with Article 19(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC:
1. Artur Popko – President of the Management Board, General Director of the Company;
2. Marcin Węgłowski – Member of the Management Board, Director of the Financial Division;
3. Jacek Daniewski – Member of the Management Board, Director of the Legal and Organizational Division;
4. Anna Karyś-Sosińska – Member of the Management Board, Director of the Human Resources Management Division;
5. Cezary Łysenko – Member of the Management Board, Operational Director of Infrastructure and General Construction;
6. Maciej Olek – Member of the Management Board, Operational Director of Railway, Power and Industrial Construction.
The notifications relate to the conclusion by the above-mentioned persons of agreements to participate in the long-term incentive program for the years 2025-2027, which was established in the Company by Resolution No. 530 of the Ordinary General Meeting of the Company of May 29, 2025. The participation agreements grant a conditional right to acquire the Company’s shares, subject to the fulfilment of certain conditions, in particular the achievement of specific financial and non-financial objectives. The final number of the Company’s shares to which the above-mentionedwill depend in particular on the level of achievement of the above-mentioned objectives.
The notifications are attached to this current report.
2. Macin Węgł owski_powiadomienie
3. Jacek Daniewski_powiadomienie
4. Anna Karyś-Sosińska_powiadomienie
The Management Board of Budimex S.A. announces that on 24.06.2025 the General Directorate for National Roads and Motorways, Łódź Branch, informed the Company that its bid was rated the highest in the tender procedure entitled: “Construction of the Radomsko bypass in the line of national roads No. DK42 and DK91 together with the extension of DK 91 and the construction of a bridge over the Warta River in the Łódź Voivodeship, divided into 3 Sections: Section 1: Construction of the Radomsko bypass in the line of national road No. DK42.
Section 2: Construction of the Radomsko bypass along the DK91 road.
Section 3: Extension of DK 91 with the construction of a bridge over the Warta River in the Łódź Voivodeship”.
The above does not mean that Budimex S.A.’s bid was selected as the most advantageous, as the bid evaluation procedure has not been finally completed.
The total value of orders with the same Ordering Party in the last 12 months amounted to PLN 240,684,282.21 net. The order with the highest value is the above-mentioned offer.
Value of the offer: PLN 174,099,317.21 net
Date of commencement of works: From the date of conclusion of the contract by both parties
Date of completion of works: 39 months from the date of conclusion of the contract (winter periods are not included in the time of completion of the Works)
Warranty period: up to 15 years
Warranty period: 60 months from the date indicated in the Takeover Certificate
Down payment: from 1% to 10% of the Accepted Contract Amount
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
Bank guarantee of good performance: 10% of the gross price stated in the offer
Maximum value of contractual penalty paid by the Contractor: 20% of the Accepted Net Contract Amount
Maximum value of contractual penalty paid by the Employer: 15% of the Accepted Net Contract Amount
The Ordering Party reserves the right to demand supplementary compensation transferring the amount of contractual penalties to the amount of the actual damage suffered, arising or likely to arise in connection with non-performance or improper performance of the Contract by the Contractor.
Other contractual conditions do not deviate from market standards.
The total value of the contracts signed between Budimex and the General Directorate for National Roads and Motorways, Łódź Branch, together with the value of the offer, exceeds the threshold of PLN 182,357 thousand net
The Management Board of Budimex S.A. announces that on 18.06.2025 the General Directorate for National Roads and Motorways, Wrocław Branch, cancelled the selection in the tender procedure entitled: “Design and construction of the S8 Wrocław – Kłodzko expressway, task 4 – section Łagiewniki Zachód junction (without the junction) – Niemcza junction (with the junction), length approx. 9.34 km”, which was referred to in current report No. 21/2025 of 30.04.2025.
Therefore, the Contracting Authority will re-examine and evaluate the offers.
The above information has no impact on the current results of the Company.
The Management Board of Budimex SA announces that on 18 June 2025, Gas Transmission Operator GAZ-SYSTEM S.A. selected the bid of Budimex SA as the most advantageous in the tender procedure for the General Implementation of the Investment called “Construction of the Lwówek Gas Compressor Station. Stage I”.
Value of the offer: PLN 437,662,754.00 net, including:
Basic scope: PLN 434,392,104.00 net
Conditional remuneration: PLN 700,250.00 net
Option value: PLN 2,570,400.00 net
Date of commencement of works: immediately, after conclusion of the Contract
Date of completion of works: 23 months from the date of conclusion of the Contract (Final Acceptance)
Warranty period: 36 months
Warranty period: 36 months
Advance payment: 15% of gross salary for the basic level
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
Performance bank guarantee: 5% of the gross salary for the basic scope
Maximum value of contractual penalty paid by the Contractor: 25% of the net remuneration for the basic scope
The parties have the right to seek supplementary damages in excess of the amount of contractual penalties stipulated in the agreement, in accordance with the general principles of the Civil Code.
Other contractual conditions do not deviate from market standards.
The value of the offer exceeds the threshold of PLN 182,357 thousand net.
The Management Board of Budimex S.A. announces that on 13.06.2025 a contract was concluded between Budimex S.A. and the General Directorate for National Roads and Motorways, Poznań Branch, for the design and construction of the S11 Ostrów Wlkp. – Kępno expressway; section II Ostrzeszów Północ junction – Kępno Północ junction.
Information that our offer was rated the highest in the tender procedure and selected as the most advantageous was published on 26.02.2025 in current report No. 07/2025 and on 25.03.2025 in current report No. 10/2025.
Contract value: PLN 478,237,858.86 net
Date of commencement of works: From the date of conclusion of the contract by both parties
Date of completion of works: 39 months from the date of conclusion of the contract (winter periods are not included in the time of completion of the Works)
Warranty period: up to 15 years
Warranty period: 60 months from the date indicated in the Takeover Certificate
Down payment: from 1% to 10% of the Accepted Contract Amount
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice to the Ordering Party by
Artist
Bank guarantee of good performance: 10% of the gross price stated in the offer
Maximum value of contractual penalty paid by the Contractor: 20% of the Accepted Net Contract Amount
Maximum value of contractual penalty paid by the Employer: 15% of the Accepted Net Contract Amount
The Ordering Party reserves the right to demand supplementary compensation transferring the amount of contractual penalties to the amount of the actual damage suffered, arising or likely to arise in connection with non-performance or improper performance of the Contract by the Contractor.
Other contractual conditions do not deviate from market standards.
The value of the contract exceeds the threshold of PLN 182,357 thousand net.
The Management Board of Budimex SA announces that on 3 June 2025 it signed a new agreement with HSBC Continental Europe (the “Bank”) on the limit for bank guarantees.
Under the agreement, the Bank will make available to the company a limit of PLN 400,000,000.00, up to which Budimex SA may commission the bank to issue bank guarantees.
The Management Board of Budimex S.A. announces that on 30 May 2025, the General Directorate for National Roads and Motorways, Gdańsk Branch, informed the Company that the offer of the subsidiary FBSerwis S.A. had been re-selected as the most advantageous in the tender procedure for the “Year-round maintenance of national roads managed by the General Directorate for National Roads and Motorways, Gdańsk Branch, divided into 2 parts: Part No. 1: Year-round maintenance of national roads managed by the District in Człuchów Part No. 2: Year-round maintenance of national roads managed by the Region in Gdańsk.
The information that the offer of the subsidiary was rated the highest in the tender procedure was published on 18.02.2025, in the current report 5/2025.
Information that the offer of the subsidiary was selected as the most advantageous, then the information on the cancellation of the selection of the offer of the subsidiary was published on 17.03.2025 in current report No. 9/2025 and on 07.04.2025 in current report No. 11/2025.
Value of the offer: PLN 287,827,268.06 net
Basic order part 1: PLN 56,612,728.76 net
Option No. 1: PLN 11,322,545.75 net
Option No. 2: PLN 11,322,545.75 net
Basic order part 2: 148 978 177,00 PLN net
Option No. 1: PLN 29,795,635.40 net
Option No. 2: PLN 29,795,635.40 net
Date of commencement of works: 01.07.2025 If the Agreement is concluded after 01.07.2025, it will be effective from the date of conclusion of the Agreement
Completion date: by 30.06.2029.
Warranty period for main works up to 36 months
The warranty period is equal to the statutory period or the warranty period, whichever is longer
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Ordering Party
A bank guarantee of good performance: 5% of the gross remuneration
Maximum value of contractual penalty paid by the Contractor: 20% of gross remuneration
The contracting authority has the right to seek compensation on general terms if the amount of damage exceeds the agreed contractual penalty.
Other contractual conditions do not deviate from market standards.
The value of the offer exceeds the threshold of PLN 182,357 thousand net.
The Management Board of Budimex SA informs that on 29 May 2025 it signed an annex to the agreement with mBank SA on the limit for bank guarantees, the conclusion of which was announced by the company in current reports No. 29/2015 of 19 May 2015, 4/2016 of 19 January 2016, 70/2016 of 28 October 2016, 69/2017 of 27 September 2017 and 65/2018 of 27 September 2018.
Pursuant to the annex, the limit was reduced from the current level of PLN 300,000,000.00 to the amount of PLN 193,000,000.00, up to which Budimex SA may commission the bank to issue bank guarantees. Reducing the available limit of the guarantee line of Budimex SA will make it possible to provide other credit products to other entities of the Budimex Group.
Other terms and conditions of the agreement remain unchanged.
The Management Board of Budimex S.A. informs that the Ordinary General Meeting of Budimex S.A. on 29 May 2025, by resolution No. 531, appointed Mr Angel Luis Sanchez Gil to the Supervisory Board of Budimex S.A. for a joint eleventh term of office.
Mr. Angel Luis Sanchez Gil is a graduate of the Faculty of Civil Engineering at the Polytechnic University of Madrid and IESE Business School. Currently Chief Operating Officer / Significant Projects Director at Ferrovial Construction.
He has been associated with the Ferrovial Group for 36 years. He held the following positions:
2019-2024 Chief Executive Officer, USA and Canada Austin, Texas, USA;
from 2012 to 2019, Managing Director for Construction for Spain, France, Slovakia, Portugal and Latin America;
from 2008 to 2012 Managing Director for Construction for Spain;
in 2007–2008 Managing Director for Construction, Civil Works for Spain;
2006-2007 Regional Director for Galicia, Asturias, Castile Leon and Castilla-La Mancha (Spain);
from 1999 to 2006 Regional Director for Civil Works in Madrid;
in 1994–1999 Senior Group Project Manager;
in the years 1989–1994 Site Manager.
According to the submitted statement, Mr. Angel Luis Sanchez Gil does not conduct any activity performed outside the enterprise of Budimex S.A., which is competitive in relation to the activity performed in the enterprise of Budimex S.A., he is not involved in a competitive company as a partner in a civil partnership, partnership, capital company and he is not involved in a competitive legal person as a member of its body, he is not entered in the Register of Insolvent Debtors kept pursuant to of the Act on the National Court Register.
The Management Board of Budimex S.A. informs that the Ordinary General Meeting of Budimex S.A. on 29 May 2025 adopted Resolution No. 511 on the payment of dividend for 2024 in the amount of PLN 649,230,392.14 covering net profit for the period from 1 January 2024 to 31 December 2024.
The dividend payment covered all shares of Budimex S.A., i.e. 25,530,098 shares, which gives PLN 25.43 gross per share.
The list of shareholders entitled to dividend for 2024 was set for June 5, 2025 (dividend date).
The dividend payment date is set for June 13, 2025.
Budimex in numbers
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Budimex Group’s order backlog at the end of 2023 (PLN billion )
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Budimex Group’s revenues in 2023 (PLN million )
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EBIT of the Budimex Group in 2023 (PLN M )
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completed construction contracts
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Michał Kielin
Head of Affairs Investor Relations and Analysis
Kamil Sochanek
Head of Affairs investor relations