Tuesday, 18 November 2025
MLP Group has reported strong financial and operational performance for the first nine months of 2025, with results showing continued stability across its logistics and industrial real estate portfolio in Poland, Germany, Austria and Romania. The company recorded a 28% year-on-year increase in Funds from Operations (FFO), supported by higher revenue, rising EBITDA and sustained leasing activity.
Financial Performance
Consolidated revenue for the period reached EUR 72.5 million, up 12% compared with the same period in 2024. EBITDA excluding revaluation gains rose 14% to EUR 37.6 million. The fair value of investment properties increased 9% to EUR 1.41 billion versus December 2024, while Net Asset Value grew 3% to EUR 663.3 million, equivalent to EUR 27.6 per share.
Net profit amounted to EUR 21.2 million, down from EUR 61.6 million a year earlier due to lower revaluation effects.
Commenting on the results, Radosław T. Krochta, President of the Management Board, said: “Performance, stability and steady growth are the values that best define our business. The 28% increase in FFO confirms the Group’s strong foundations and the ability of our properties to generate stable, recurring cash flows. Our strategy is built on a high-quality portfolio, long-term tenant relationships and effective risk management. Our business is highly predictable, and we consistently focus on what remains constant – tenant satisfaction, growth in asset value and sustained cash-flow expansion, which form the foundation of MLP Group’s success. Following a very strong third quarter, we expect record leasing volumes in the fourth quarter – the market outlook is very positive.”
Portfolio and Leasing Activity
MLP Group signed lease agreements for approximately 189,000 sqm of space since the beginning of 2025. The company’s total leased area now stands at around 1.3 million sqm across 195 tenants. The occupancy rate reached 91%, broadly in line with last year, while 98% of rents were paid on time. The tenant retention rate remained exceptionally high at 99%.
At the end of September, the group had 326,800 sqm of space under construction or in preparation. Its landbank, including secured options, supports more than 2.4 million sqm of future development. To date, over 1.3 million sqm of modern logistics space has been delivered, with 90% of assets built in the past 10 years.
Outlook
MLP Group maintains that its prudent financing structure and stable cash-flow base continue to support its development pipeline. The company’s focus remains on the delivery of Class A logistics parks and urban last-mile facilities built to ESG standards.
