Erbud secures PLN 52.60 million contract while Erbud stock costs EUR 5.69

Published on 10/15/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue reached PLN 1.26 billion and EBITDA PLN 39.10 million on June 30, 2026. Erbud stock costs EUR 5.69 on October 15, 2026.

Contract and earnings recovery

Erbud secured a PLN 52.60 million facility contract on September 29, 2026.
First-half 2026 revenue reached PLN 1.26 billion and EBITDA reached PLN 39.10 million.
Erbud stock traded at EUR 5.69 at 1:02 p.m. CEST at Lang & Schwarz on October 15, 2026.

Erbud, PLERBUD00012, Illustration mit AI erstellt.

Erbud stock (ISIN PLERBUD00012) was trading at EUR 5.69 at Lang & Schwarz on October 15, 2026 at 1:02 p.m. CEST. The latest company event was a PLN 52.60 million contract for a low-emission production facility, reported by ERBUD on September 29, 2026.

PLN 52.60 million facility contract

The contract covers construction of a new facility for ATLAS in Dabrowa Gornicza, Poland. The agreement was executed on September 28, 2026, and work is scheduled to finish on November 30, 2027, according to ERBUD. Monthly invoicing and a 30-day payment term shape the cash-flow profile, while the contract includes a 10 percent performance bond and a penalty cap of 30 percent.

What changed in first-half earnings?

Erbud entered the second half of 2026 with a stronger operating result after a difficult first quarter. In the first half, revenue reached PLN 1.26 billion, EBITDA was PLN 39.10 million and EBIT was PLN 15.40 million, according to the company's September 28, 2026 update from ERBUD.

The second quarter supplied the main improvement. Sales rose 14.00 percent quarter over quarter to PLN 668.30 million, while gross margin increased to 8.20 percent from 6.20 percent in the first quarter. Continuing operations generated PLN 7.00 million of net income in the second quarter, compared with a PLN 16.40 million operating loss in the first quarter.

Three dated Erbud developments

On September 28, 2026, Erbud reported first-half revenue of PLN 1.26 billion and EBITDA of PLN 39.10 million through ERBUD. Also on September 28, 2026, a financing amendment set a net debt-to-EBITDA ceiling of 2.50 times for the first three quarters and excluded up to PLN 242.00 million of modular-segment closure costs from the calculation, according to ERBUD. On September 29, 2026, the company announced the PLN 52.60 million ATLAS contract.

Which dates matter next?

The ATLAS project has a scheduled completion date of November 30, 2027. Erbud also publicized a stakeholder event scheduled for October 23 and October 24, 2026, according to Bankier.pl.

Stock valuation and operating risk

Erbud's recovery is visible in quarterly profitability, but the first-half result still included a PLN 287.40 million non-cash write-down linked to the discontinued modular business. That charge produced a consolidated net loss of PLN 284.70 million, making the quality of the continuing-operations profit central to the investment case.

Erbud is listed on the Warsaw Stock Exchange under ticker ERB and operates in construction and engineering, industrial services and renewable energy. The stock traded at EUR 5.69 at Lang & Schwarz on October 15, 2026 at 1:02 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Erbud stock.