Current reports
The Management Board of Budimex S.A., in reference to current report No. 65/2024 of 7 November 2024, current report No. 20/2025 of 28 April 2025, current report No. 26/2025 of 20 May 2025, current report No. 62/2025 of 31 October 2025 and current report No. 6/2026 of 28 January 2026, informs that, having examined the interest of potential investors, it has decided to close the strategic options review process of the FBSerwis Group.
As a result of the review, at the current stage a decision has been made to continue the development of the FBSerwis Group within the Budimex Group. The conclusions from the strategic options review, including, among others, the identification of key directions for the diversification of the FBSerwis Group, will form the basis for the development of a new strategy for the FBSerwis Group.
At the same time, the Management Board of Budimex S.A. does not rule out attracting an investor or investors for the FBSerwis Group in the near future (including for the entire business of the FBSerwis Group), if this is justified from the perspective of the Budimex Group’s strategic and business objectives.
Budimex has decided to make the above information public due to its importance for Budimex S.A.’s operations, in particular in terms of business areas.
The Management Board of Budimex S.A. announces that on 01.04.2026 the Municipality of the City of Gdańsk, represented by
The Directorate for the Development of the City of Gdańsk signed an agreement with a consortium consisting of: Budimex S. A. (Leader
consortium share 84.09%) and KZN Rail Sp. z o. o. (Consortium Partner share 15.91%) for “Construction of the depot
Ujeścisko tram line along with the construction of a retention reservoir in Gdańsk in the design and build formula”.
The information that our offer was rated the highest in the tender procedure was published on
30.09.2025 in current report No. 56/2025.
The information that our offer was selected as the most advantageous was published on 06.11.2025 in
Current Report No. 63/2025.
Contract value: PLN 260,777,899.00 net
Date of commencement of works: from the date of signing the contract
Completion date: 212 weeks from the signing of the contract
Warranty period: 60 months
Warranty period: 60 months
Down payment: none
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice to the Ordering Party by
Contractor
Bank guarantee of good performance (or other collateral): 5% of the gross price
Maximum value of the contractual penalty paid by the Contractor: 20% of the gross price
Contractual penalties are not exclusive and the Ordering Party has the right to claim damages
on general terms, if the value of the damage exceeds the amount of these penalties.
Other contractual conditions do not deviate from market standards.
The value of the contract exceeds the threshold of PLN 188,771 thousand net.
The Management Board of Budimex S.A. with reference to report no. 12/2026 of 24 February 2026informs that it has decided to recommend to the Annual General Meeting in 2026 to make a decision on the payment of a dividend of PLN 32.42 (thirty-two zlotys and forty-two grosze) gross per share.
It is proposed to allocate the net profit for the period from 1 January 2025 to 31 December 2025 in the amount of PLN 827,685,777.16 as a dividend.
It is recommended to pay the dividend to all shares of Budimex S.A., i.e. 25,530,098 (twenty-five million five hundred thirty thousand ninety-eight) shares.
The Management Board of Budimex S.A. proposes to set the dividend date, i.e. the date of determining the list of shareholders entitled to dividend for 2025, as 3 June 2026, and the dividend payment date is proposed to be set at 10 June 2026.
The Management Board of Budimex S.A. presents this recommendation on the basis of the data contained in the above-mentioned report no. 12/2026 of 24 February 2026 and indicates that, in accordance with previous information, the report for 2025 together with the audit report will be published on 27 March 2026.
The Management Board of Budimex S.A. announces that on 17 March 2026 it received information on the cancellation of the action referred to in current report No. 7/2026 of 29 January 2026.
Therefore, the Contracting Authority will re-examine and evaluate the bids.
The Management Board of Budimex S.A. announces that on 06.03.2026. The Contracting Authority – PKP Polskie Linie Kolejowe S.A. concluded an agreement with a consortium consisting of: Budimex S.A. (leader of 75% share), Budimex Kolejnictwo S.A. (partner of 5% share), Ferrovial Construction (UK) Limited (partner of 20% share) for:
Design (in the field of the railway industry) and comprehensive execution of construction works on the railway line No. 622 on the section F+J Podłęże R401 – Gdów / Podłęże R301 – Podłęże Balachówka as part of 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 evaluated the highest in the tender procedure and selected as the most advantageous was published on 14.10.2025 in current report No. 60/2025 and on 10.12.2025 in current report No. 68/2025
Offer value: PLN 2,592,999,232.00 net, including:
Basic scope: PLN 2,281,527,492.87 net (including substitute transport: PLN 10,000,000 net)
Conditional amount: PLN 306,521,739.13 net
Interface option: PLN 4,950,000.00 net
Date of commencement of works: after signing the contract
Deadline for completion of works: 38 months from the date of conclusion of the contract
Warranty period: 72 months
Warranty period: 72 months
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 Range specified in the offer reduced by the Conditional Remuneration
Maximum value of the contractual penalty paid by the Contractor: 30% of the Net Remuneration
The parties reserve the right to claim supplementary damages, transferring the amount of the reserved 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.
In connection with the publication of financial information by the holding entity of Budimex SA, i.e. Ferrovial SE, the Management Board of Budimex SA hereby discloses to the general public some selected financial information from the consolidated financial statements of the Budimex Group, prepared in accordance with the International Financial Reporting Standards (IFRS) of 2025 and the comparable figures of 2024.
Net revenue from sales of products, services, goods and materials: PLN 9,438,558 thousand as compared to PLN 9,117,843 thousand of 2024.
Gross profit on sales: PLN 1,294,791 thousand as compared to PLN 1,162,316 thousand of 2024.
Operating profit: PLN 892,327 thousand as compared to PLN 743,830 thousand of 2024.
Profit before tax: PLN 943,276 thousand as compared to PLN 839,746 thousand of 2024.
Net profit: PLN 750,948 thousand as compared to PLN 623,609 thousand of 2024.
Net profit attributable to shareholders of the holding entity: PLN 748,014 thousand as compared to PLN 615,922 thousand of 2024.
Net profit of Budimex SA was PLN 827,695 thousand as compared to PLN 649,242 thousand of 2024.
The Budimex Group’s order book at the end of 2025 was PLN 16.16 billion compared to PLN 17.78 billion at the end of 2024.
The value of contracts signed by the Budimex Group in 2025 was PLN 6.21 billion as compared to PLN 12.52 billion of 2024.
The net cash position of the Budimex Group, including own cash less external financing sources, stood at PLN 2.6 billion as at 31 December 2025. As at 31 December 2024, the net cash position of the Budimex Group was PLN 3.1 billion.
The published data is not final and may be changed as part of work on the financial statements of Budimex SA and the Budimex Group.
The attached table presents the results of reporting segments of the Budimex Group of 2025 and comparable data of 2024.
The Management Board of Budimex S.A. announces that on 10 February 2026 an agreement was concluded between Budimex S.A. and the Gas Transmission Operator GAZ-SYSTEM S.A. for the general implementation of the investment called “Construction of the Lwówek Gas Compressor Station. Stage I”.
The information that Budimex S.A.’s bid was selected as the most advantageous, that Budimex S.A.’s bid was annulled and that Budimex S.A.’s bid was re-selected as the most advantageous, was published in current reports, respectively: No. 35/2025 of 18 June 2025, No. 53/2025 of 25 September 2025 and No. 59/2025 of 6 October 2025.
The maximum value of the contract is PLN 481,171,989.40 net and includes: remuneration for the basic scope: PLN 434,392,104.00 net, remuneration for the conditional scope: PLN 700,250.00 net and the maximum value of indexation: PLN 43,509,235.40 net (compared to previous current reports, the maximum value of the contract has changed, as it has been increased by the amount constituting the maximum value of the permissible indexation)
Value of works covered by the option right: PLN 2,570,400.00 net
Date of commencement of works: immediately, after the conclusion of the Agreement
Date of completion of works: 23 months from the date of conclusion of the Agreement
Warranty and warranty period for defects: 36 months
Advance payment: 15% of gross salary for the basic scope
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% gross remuneration for the basic scope and conditional scope
The maximum value of contractual penalties paid by the Contractor: 25% of the net remuneration for the basic scope.The parties have the right to claim supplementary damages, exceeding the amount of the reserved contractual penalties, on the general principles of the Civil Code.
Other provisions of the agreement 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 04.02.2026. The Contracting Authority – POLSKIE SIECI ELEKTROENERGETYCZNE S.A. informed Budimex S.A. that its bid was evaluated the highest in the tender procedure: “Extension of the Gdańsk Błonia substation with the installation of reactive power compensation devices”.
The above does not mean that the offer of Budimex S.A. was selected as the most advantageous, as the tender evaluation procedure has not been finally completed.
Offer value: PLN 299,999,980 net, including basic scope: PLN 291,560,598.00 net, option right: PLN 8,439,382.00 net.
Date of commencement of works: The commencement date shall be the day following the signing of the Agreement by the other party.
Date of completion of works: 56 months from the date of conclusion of the Agreement.
Warranty period: 60 months.
Warranty period: 60 months.
Advance payment: in the amount of 10% of the net salary.
Payment terms: 21 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 specified in the offer (without the right of option).
Maximum value of the contractual penalty paid by the Contractor:
20% of the contracted contract amount.
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. announces that the Supervisory Board of Budimex S.A., acting on the basis of the Company’s Articles of Association, due to the resignation of Mr. Janusz Dedo from the Supervisory Board of Budimex S.A. (report 69/2025), co-opted Mr. Jacek Socha to the Supervisory Board on 4 February 2026. The Supervisory Board of Budimex S.A., pursuant to § 16 section 3 of the Company’s Articles of Association, decided to submit the above-mentioned person as a member of the Supervisory Board for approval by the next General Meeting of Budimex S.A.
Mr. Jacek Socha
Education: Master of Economics, University of Warsaw (1973-1978)
International Institute for Securities Market Growth and Development under the Securities and Exchange Commission (1991)
From 2005 to 2020, he was the Vice-President of PwC in Poland. Since joining the company, he has advised many Polish companies as well as foreign companies.
As Minister of the State Treasury in the years 2004-2005 in the government of Marek Belka, he carried out a number of privatization transactions through the Warsaw Stock Exchange, including one of the largest IPOs in Poland – PKO BP.
In the years 1991-2004, the Securities and Exchange Commission. As the Chairman of the Securities and Exchange Commission in the years 1994-2004, he participated in the process of creating regulations of the Polish capital market, as well as regulations adapting Polish law to the regulations of the European Union.He also participated in the admission process of many companies currently listed on the WSE.
In the years 1990-1991, the Ministry of Ownership Transformations – the Office of the Securities Commission.
In the years 1990-1991, the Institute of Economic Sciences of the Polish Academy of Sciences.
He is an honorary member of:
– Warsaw Stock Exchange,
– Chamber of Brokerage Houses,
– Association of Securities Brokers and Investment Advisors,
– Polish Business Roundtable.
Member of the Supervisory Boards of the following companies: Bioagra S.A., mTFI S.A.
He held important positions in the International Organization of Securities Commissions (IOSCO), where he chaired the European Regional Committee from 1998 to 2000. He was Vice-Chairman of the Emerging Market Committee from 1996 to 1998 and a member of the Executive Committee from 1994 to 2000.
Mr. Jacek Socha is a co-author of the first Corporate Governance principles adopted by the Warsaw Stock Exchange in 2002.
He served as the vice-president of the Polish Golf Association.
He is currently the vice-president of the Polish Sports Bridge Association.
Author of the books:
“Understanding the Stock Market” 1992
” Market-Stock Exchange-Investments” 1998
“Securities Market in Poland” 2003
According to the statement, Mr. Jacek Socha does not conduct any activity competitive to the activity conducted in Budimex SA, does not participate in a competitive company as a partner in a civil partnership, partnership, capital company and does not participate in a competitive legal entity as a member of its body, and is not entered in the Register of Insolvent Debtors, kept pursuant to the Act on the National Court Register.
The Management Board of Budimex S.A. announces that on 29.01.2026. Contracting Authority – PKP Polskie Linie Kolejowe S.A.
informed the Consortium consisting of: Budimex S.A. (leader of 70% share), Budimex Kolejnictwo S.A. (partner 5%
share), PORR S.A. (partner of 25% share), that it chose the Consortium’s offer as the most advantageous in the
tender for: “Preparation of executive documentation and execution of construction works, as part of the projects: “Works on the line
E 75 (Rail Baltica) on the Białystok – Knyszyn section”, “Works on the E 75 (Rail Baltica) railway line on the
section Knyszyn – Osowiec”, “Works on the E 75 railway line (Rail Baltica) on the section Osowiec – Ełk”.
Offer value: PLN 4,046,760,941.97 net, including:
Basic range: PLN 2,358,734,522.60 net
Conditional amount: PLN 501,333,912.87 net
Value from option no. 1: PLN 1,550,779,783.59 net
Net value of option 2: PLN 84,846,461.19 net
Value of option no. 3: PLN 8,641,489.00 net
Net value of option 4: PLN 27,296,810.27 net
Net value of option 5: PLN 8,961,875.32 net
Value of interface options: PLN 7,500,000.00 net
Date of commencement of works: The Commencement Date shall be the day following the signing of the Agreement by the other party
Date of completion of works: 46 months from the date of conclusion of the contract
Warranty period: 72 months
Warranty period: 72 months
Advance payment: in the amount of not more than 10% of the net salary
Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice to the Ordering Party by
Contractor
Bank guarantee of good performance: 2.5% of gross salary
Maximum value of the contractual penalty paid by the Contractor: 30% of the Contracted Contract Amount
The parties reserve the right to claim supplementary damages, exceeding the amount of
reserved contractual penalties up to the amount of the damage actually suffered.
Other contractual conditions do not deviate from market standards.
The value of the offer exceeds the threshold of PLN 182,357 thousand net
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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Contact details of people responsible for communication with investors.
Michał Kielin
Head of Affairs Investor Relations and Analysis
Kamil Sochanek
Investor Relations & Strategy Manager