Mirbud reports PLN 8.83 billion backlog: what it means for Mirbud stock

Published on 10/18/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mirbud's backlog reached PLN 8.83 billion on October 15, 2026. For Mirbud stock, first-half revenue rose 20.00 percent to PLN 1.45 billion.

Mirbud expands its order base

Mirbud's backlog reached PLN 8.83 billion on October 15, 2026.
First-half revenue rose 20.00 percent to PLN 1.45 billion in 2026.
Mirbud signed a PLN 600.00 million bond program agreement on October 7, 2026.

Mirbud, PLMRBUD00015, Illustration mit AI erstellt.

Mirbud (ISIN PLMRBUD00015) reported an order backlog of PLN 8.83 billion at September 30, 2026, according to Bankier.pl on October 15, 2026. The figure was PLN 8.73 billion at the end of August, creating a PLN 100.00 million monthly increase.

The backlog gives investors a more tangible measure of future construction activity than the stock quote alone. Infrastructure contracts represented PLN 7.515 billion, while building construction accounted for PLN 1.317 billion at the end of September, according to the same report.

What does the backlog mean?

WNP reported that Mirbud signed a PLN 403.50 million railway contract on September 14, 2026. The project covers more than 22 kilometers and has a planned execution period of 34 months. That contract adds a long-duration infrastructure component to the order book.

Mirbud also reported first-half 2026 revenue of PLN 1.45 billion, up 20.00 percent from the prior-year period, while net income reached PLN 44.00 million, up 24.00 percent, according to WNP. The combination of backlog growth and higher first-half revenue points to a business picture shaped by execution capacity as well as new awards.

Three dated steps in financing

On September 14, 2026, Mirbud signed the PLN 403.50 million railway contract. On September 30, 2026, it filed report 52/2026 on establishing a bond issuance program, according to Mirbud. On October 7, 2026, the company signed the program agreement for bonds with a maximum nominal value of PLN 600.00 million, according to Mirbud.

Financing comes before execution

The October 7 agreement names Bank Polska Kasa Opieki and mBank as organizers and dealers. Mirbud said the first bond issue was planned for the fourth quarter of 2026, with final terms to be set in a later management resolution. The financing framework therefore sits alongside the PLN 8.83 billion backlog rather than replacing the operating story.

Stock context stays measured

The gettex quote stood at EUR 2.47 on October 9, 2026. Mirbud's primary listing is on the Warsaw Stock Exchange, where the stock closed at PLN 11.37 on October 16, 2026, while its 52-week range was PLN 9.77 to PLN 15.27. The market capitalization was PLN 1.3 billion as of October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of Mirbud stock.