TORPOL Group with strong financial results in 2024

The TORPOL Group concluded the year 2024 with net sales revenues of PLN 1.45 billion and a consolidated net profit of PLN 68 million. Gross profit on sales amounted to PLN 126.2 million, and the operating result closed at PLN 74.5 million. Despite market challenges, the company maintained financial stability and strengthened its position as a leader in the modernization of rail infrastructure in Poland. The portfolio of orders amounted to a net PLN 3.5 billion at the end of the year.

• The past year was a very successful one for the TORPOL Group. We successfully executed projects, maintaining good profitability while developing our resources to meet new challenges in the infrastructure sector. We maintain our dividend policy of allocating up to 50% of stand-alone net profit to dividend payments, which emphasizes the Company’s financial stability and attention to investors’ interests. Another major success was the winning of a contract for work on the section Katowice Szopienice Płd. – Katowice – Katowice Piotrowice as part of the PKP PLK tender. This is the largest of our orders with a net value of about PLN 3.4 billion, in which TORPOL has a 70% share. It currently constitutes a significant value of our order portfolio, which significantly strengthens our position and gives us stable foundations for the future” – emphasized Konrad Tuliński, President of the Management Board of TORPOL S.A.

TORPOL Group’s recently published development strategy for 2025-2030, envisages expansion in the High-Speed Rail, the tram infrastructure and station construction as well as the Oil & Gas sector. A key element of it is the digitalization and optimization of operational processes, with the aim of further increasing the efficiency of ongoing projects.

• The dynamic development of the rail market in Poland requires constant investment and an innovative approach. We are entering a new phase of growth in which our strategy to modernize and increase operational efficiency will play a key role” – added Konrad Tuliński, the President of the Board at TORPOL S.A.

In 2024, TORPOL has allocated almost PLN 40 million for investment. The funds were used to purchase modern machinery and equipment necessary for the execution of contracts. The company also made significant expenditures on modernization of its equipment, which was dictated by the requirements of the rolling stock maintenance system. With a view to further increasing production capacity, TORPOL is planning further investments of around PLN 59 million in 2025.

• In 2025, we intend to actively participate in new tenders and implement strategic infrastructure projects that will strengthen our position on the market” – concluded Mr Tuliński.

The President of the Board added that TORPOL is optimistic about the forthcoming years, based on strong financial foundations and a rich order portfolio. After a period of limited tenders, the rail infrastructure market in Poland is entering a phase of intense recovery. Planned investments in the railroad, tramway and engineering sectors, estimated at more than PLN 100 billion by 2030, open up extensive development opportunities for the Company.