MLP Group ended the first nine months of 2026 with its strongest financial results to date. Group revenue rose 27% year on year to PLN 390.3 million (€91.2 million), while rental income grew 34% to PLN 231.3 million (€54.0 million). EBITDA before revaluation reached PLN 195.0 million (€45.6 million), up 22% year on year. Net profit for the period was PLN 165.2 million (€38.6 million), an increase of 84% year on year. The gross asset value of the portfolio stood at PLN 7,668.7 million (€1,756.0 million), up 16% since 31 December 2025, while net asset value reached PLN 3,377.5 million (€773.4 million).
During the first nine months of the year, MLP Group signed lease agreements covering 170,425 sqm of space, generating new contracted annualised rent of €10.6 million. The value of the property portfolio rose 16% compared with year-end 2025 to PLN 7.67 billion.
"Rental income increased by 34% and EBITDA rose by 22%, while the outlook for our key markets remains very positive. In Germany, demand for logistics and industrial space increased by 28% year on year over the first three quarters, while in Poland it grew by approximately 20%. Nearshoring, increasing activity by Asian companies in Europe and the need to strengthen supply chain resilience are creating additional growth opportunities. We expect very strong leasing activity in the fourth quarter, which could prove to be a record quarter in terms of the value of space contracted," said Radosław T. Krochta, President and CEO of MLP Group S.A.
The positive outlook is supported by further leasing transactions. In the fourth quarter, MLP Group announced an agreement with tenant Auto Partner for approximately 42,500 sqm at MLP Bieruń West, a deal that will increase the full-year volume of leased space and strengthen future rental income. At the end of September 2026, the weighted average unexpired lease term stood at approximately 7.4 years, the rent collection rate was 99%, and the tenant retention rate was close to 99%.
MLP Group continues to expand its portfolio, focusing on major European metropolitan areas and the urban logistics segment. At the end of September, 141,000 sqm of space was under construction. Once fully leased, these projects are expected to generate approximately €8.3 million in annual rental income, with a minimum yield on cost of 12.4%. The group operates in Poland, Germany, Austria and Romania, and owns and manages a portfolio with a total leasable area of more than 1.7 million sqm across completed, under-construction and pipeline properties.
