The TORPOL Group significantly improves its financial results in 2025 and rebuilds its order backlog
The TORPOL Group ended 2025 with net sales revenue of PLN 1,978.4 million (+35.7% year-on-year) and consolidated net profit of PLN 78.1 million (+14.8% year-on-year). Gross profit on sales amounted to PLN 146.2 million, and operating profit reached PLN 93.8 million (+25.8% year-on-year). The Group also maintained a stable financial position and significantly increased cash position, which amounted to PLN 655.8 million at year-end. The Group’s order backlog at the end of 2025 exceeded PLN 3.99 billion net.
– Last year was a period of intense operational activity for the TORPOL Group and the successful acquisition of new infrastructure contracts. We increased revenue by over a third year-on-year, while maintaining satisfactory profitability and a very strong liquidity position. Rebuilding our order portfolio is particularly important, as it reached a high level at the end of the year and provides a solid revenue base for years to come. These results confirm the effectiveness of our strategy and the high efficiency of our projects,” – said Marcin Zachariasz, Vice President of the Management Board for Finance and Acting President of the Management Board of TORPOL S.A.
The company significantly rebuilt its order backlog, securing projects related to the construction of a rail access road to the Lubiatowo-Kopalino nuclear power plant, with a total value of approximately PLN 2.4 billion gross, as well as implementing investments in port infrastructure, logistics, and public transport. A significant element of its operations in 2025 was the continued implementation of strategic projects, including the modernization of the E65 railway line on the Katowice Szopienice Południowe – Katowice – Katowice Piotrowice section, one of the largest infrastructure contracts in the history of Polish railways. The outcome of the tender process for the modernization of the Warsaw cross-city line on the Warszawa Wschodnia – Warszawa Zachodnia section, stage IIa, with a value of approximately PLN 3.64 billion gross, may also have a significant impact on the Group’s order portfolio. TORPOL was selected as the contractor for this project and is currently awaiting the outcome of the appeal proceedings.
The TORPOL Group is consistently developing its execution capabilities through investments in its machinery. In 2025, capital expenditures amounted to PLN 55.3 million, and in 2026, approximately PLN 67.5 million are planned, primarily in the track and traction network segments.
The company is implementing its strategy for 2025-2030, focusing on increasing operational efficiency, developing competencies in new infrastructure segments, and building shareholder value. One element of this strategy is the consistent implementation of its dividend policy, with the dividend paid for 2024 reaching PLN 31 million, or PLN 1.35 per share.
The outlook for the rail infrastructure market in Poland remains very good, supported by the strong investment activity of the main contracting authority, PKP Polskie Linie Kolejowe. In 2025, tenders were announced with a record value of approximately PLN 27 billion, while the plan for 2026 assumes further tenders worth approximately PLN 9.5 billion. An additional development stimulus will be investments under the CPK program, including the construction of at least 2,000 km of new railway lines worth tens of billions of zlotys, as well as projects in the energy infrastructure sector in which the Company is interested.
– The coming years promise to be a period of intensive infrastructure investment, both in the railway sector and related areas. We want to leverage our experience and execution potential to effectively compete for the largest projects on the market. At the same time, we are consistently implementing our 2025-2030 strategy, focusing on improving operational efficiency and developing competencies in new segments. We are well prepared to capitalize on emerging market opportunities and maintain stable growth in the coming years. Our stable financial situation, high cash position, and access to financing enable us to safely fulfill our portfolio of orders and actively participate in future infrastructure tenders,” – said Marcin Zachariasz.