Tuesday, 17 March 2026
MLP Group reported increased leasing activity and improved financial results for 2025, reflecting continued demand for logistics space across its core European markets.
The company recorded revenue of PLN 420.5 million (EUR 99.2 million), up 13% year-on-year, while EBITDA before revaluation rose by 14% to PLN 210.9 million (EUR 49.8 million). Net profit reached PLN 459.0 million (EUR 108.3 million), representing a 23% annual increase. Gross Asset Value (GAV) stood at PLN 6.6 billion (EUR 1.56 billion), up 28% compared with the end of 2024, while Net Asset Value (NAV) increased to PLN 3.2 billion (EUR 756.4 million), up 16%.
Leasing activity reached 370,941 sqm in 2025, marking the highest level in the company’s history. New leases accounted for 223,487 sqm, with 39 new tenants joining the portfolio, while existing occupiers represented approximately 40% of total demand. Activity was weighted toward the final quarter of the year, which accounted for just over half of total leasing volume.
The company indicated that agreements signed in 2025 provide a basis for revenue growth of approximately 21% going into 2026, supporting near-term income visibility. Portfolio vacancy remained below 5% throughout the year.
Radosław T. Krochta, President and CEO of MLP Group, said the results reflect sustained occupier demand and the company’s ability to maintain high occupancy levels. He also noted that leasing activity continued into early 2026, with 53,535 sqm secured at the start of the year, generating around EUR 3.7 million in annualised rental income.
At the end of 2025, MLP Group had 324,051 sqm under construction across its markets, including Poland, Germany, Austria and Romania. Approximately 53% of this space was pre-leased. The total portfolio reached 1.6 million sqm of gross leasable area, supported by a land bank of 231 hectares.
For 2026, the company plans to deliver between 250,000 sqm and 300,000 sqm of new space. Poland remains its largest market, while Germany and Austria continue to be part of its expansion strategy.
MLP Group stated that it maintains a stable financial position, with a fixed cost of debt and a conservative repayment structure, allowing it to continue development while managing market uncertainty. Over the longer term, the company aims to increase the share of projects in major metropolitan areas to 30% of total GAV by 2028.
The company’s portfolio is relatively recent, with 85% of assets developed within the past decade and more than 60% within the last five years.
