Tower Investments S.A. Logo

Tower Investments S.A.

ISIN: PLTWRNV00013 | Ticker: TOW | LEI: 259400J8JJKET03PCT44
Sector: Real EstateSub-Industry: Real Estate Development
Country: Poland

About Tower Investments S.A.

Company Description

Tower Investments S.A. is a Poland-based real estate development company that specializes in creating multifunctional residential and commercial properties . The company operates through three segments: Real Estate, Food, and E-Commerce. Tower Investments S.A. offers a wide range of real estate services including asset management, construction and refurbishment, and consultancy services. The company is renowned for developing high-quality properties that focus on sustainability, modern design, and energy efficiency.

Year founded

2005

Served area

Poland

Headquarters

Wioślarska 8, 00-411 Warszawa – Poland

Financial statements

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Line item in (pln) 02.01.2020 01.01.2021 02.01.2021 01.01.2022 02.01.2022 01.01.2023 01.01.2024
Assets N/A 115,640,416.00 N/A 103,777,930.00 N/A 85,473,985.00 84,067,476.00
Noncurrent Assets N/A 57,823,031.00 N/A 60,668,537.00 N/A 59,903,157.00 53,115,974.00
Property Plant And Equipment N/A 3,477,922.00 N/A 3,396,188.00 N/A 1,238,897.00 889,937.00
Investment Property N/A 33,888,699.00 N/A 38,936,854.00 N/A 41,948,729.00 36,211,300.00
Goodwill N/A 16,586,901.00 N/A 14,814,233.00 N/A 13,740,745.00 13,740,745.00
Intangible Assets Other Than Goodwill N/A 19,667.00 N/A 327,922.00 N/A 18,760.00 27,435.00
Investments In Subsidiaries Joint Ventures And Associates N/A 0.00 N/A 0.00 N/A N/A N/A
Noncurrent Receivables N/A 1,075,325.00 N/A 1,361,802.00 N/A 1,295,317.00 965,171.00
Deferred Tax Assets N/A 2,774,267.00 N/A 1,831,538.00 N/A 1,660,709.00 1,281,386.00
Other Noncurrent Financial Assets N/A 250.00 N/A 0.00 N/A 0.00 0.00
Current Assets N/A 57,817,385.00 N/A 43,109,393.00 N/A 25,570,828.00 30,951,502.00
Inventories N/A 31,197,823.00 N/A 19,337,870.00 N/A 16,136,793.00 18,277,563.00
Trade And Other Current Receivables N/A 19,951,697.00 N/A 14,303,939.00 N/A 7,075,918.00 9,703,088.00
Current Tax Assets Current N/A 72,407.00 N/A 210,135.00 N/A 50,522.00 50,522.00
Other Current Financial Assets N/A 2,119,640.00 N/A 2,428,022.00 N/A 458,608.00 200,000.00
Cash and cash equivalents 10,662,539.00 4,475,818.00 4,475,818.00 6,829,427.00 6,829,427.00 1,384,953.00 2,720,329.00
Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 57,817,385.00 N/A 43,109,393.00 N/A 25,106,794.00 30,951,502.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A 0.00 N/A 0.00 N/A 464,034.00 0.00
Equity And Liabilities N/A 115,640,416.00 N/A 103,777,930.00 N/A 85,473,985.00 84,067,476.00
Equity 62,682,173.00 58,360,895.00 58,360,895.00 60,024,429.00 60,024,429.00 49,178,210.00 34,143,517.00
Issued Capital N/A 1,560,750.00 N/A 1,560,750.00 N/A 1,560,750.00 1,560,750.00
Retained Earnings N/A 9,382,392.00 N/A 12,103,876.00 N/A -3,404,723.00 -16,035,933.00
Retained Earnings Profit Loss For Reporting Period N/A N/A N/A 261,549.00 N/A -10,235,055.00 -15,484,851.00
Share Premium N/A 30,071,724.00 N/A 30,071,724.00 N/A 30,071,724.00 30,071,724.00
Treasury Shares N/A 269,706.00 N/A 269,706.00 N/A 269,706.00 269,706.00
Other Reserves N/A 17,596,866.00 N/A 16,382,450.00 N/A 21,655,994.00 18,816,682.00
Equity Attributable To Owners Of Parent N/A 58,342,026.00 N/A 59,849,094.00 N/A 49,614,039.00 34,143,517.00
Noncontrolling Interests N/A 18,869.00 N/A 175,335.00 N/A -435,829.00 0.00
Liabilities N/A 57,279,521.00 N/A 43,753,501.00 N/A 36,295,775.00 49,923,959.00
Noncurrent Liabilities N/A 29,173,116.00 N/A 16,018,970.00 N/A 9,618,440.00 5,602,225.00
Noncurrent Provisions N/A 0.00 N/A 0.00 N/A 0.00 0.00
Noncurrent Payables N/A 413,752.00 N/A 706,551.00 N/A 590,186.00 763,040.00
Deferred Tax Liabilities N/A 7,934,881.00 N/A 3,777,861.00 N/A 3,978,606.00 4,242,303.00
Other Noncurrent Financial Liabilities N/A 20,824,483.00 N/A 11,534,558.00 N/A 5,049,648.00 596,882.00
Current Liabilities N/A 28,106,405.00 N/A 27,734,531.00 N/A 26,677,335.00 44,321,734.00
Current Provisions N/A 188,135.00 N/A 390,407.00 N/A 375,647.00 148,670.00
Trade And Other Current Payables N/A 18,746,273.00 N/A 10,895,038.00 N/A 11,834,182.00 21,098,403.00
Current Tax Liabilities Current N/A 27,727.00 N/A 124,155.00 N/A 436,057.00 442,975.00
Other Current Financial Liabilities N/A 9,144,270.00 N/A 16,324,931.00 N/A 13,695,719.00 22,631,686.00
Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale N/A 28,106,405.00 N/A 27,734,531.00 N/A 26,341,605.00 44,321,734.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A 0.00 N/A 0.00 N/A 335,730.00 0.00
Line item in (pln) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
01.01.2023/
01.01.2024
Revenue 19,389,176.00 50,022,721.00 26,562,801.00 7,799,880.00
Other Income 1,285,875.00 4,026,529.00 3,288,555.00 8,192,308.00
Profit Loss From Operating Activities -5,420,400.00 2,400,541.00 -3,750,654.00 -5,792,382.00
Finance Income 804,309.00 191,103.00 1,040,420.00 392,865.00
Finance Costs 2,708,130.00 3,032,149.00 5,948,592.00 9,562,043.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 0.00 0.00 0.00 0.00
Profit Loss Before Tax -7,324,221.00 -440,505.00 -8,658,826.00 -14,961,560.00
Income Tax Expense Continuing Operations 41,798.00 41,872.00 971,363.00 803,267.00
Profit Loss From Continuing Operations -7,366,019.00 -482,377.00 -9,630,189.00 -15,764,827.00
Profit Loss From Discontinued Operations 0.00 0.00 -1,047,651.00 279,976.00
Profit (loss) -7,366,019.00 -482,377.00 -10,677,840.00 -15,484,851.00
Profit Loss Attributable To Owners Of Parent -7,324,887.00 261,549.00 -10,235,055.00 -15,484,851.00
Profit Loss Attributable To Noncontrolling Interests -41,132.00 -743,926.00 -442,785.00 0.00
Line item in (pln) 01.01.2021 02.01.2020 01.01.2022 02.01.2021 01.01.2023 02.01.2022 01.01.2024
Profit (loss) -7,366,019.00 N/A -482,377.00 N/A -10,677,840.00 N/A -15,484,851.00
Adjustments For Reconcile Profit Loss 4,839,164.00 N/A 8,356,142.00 N/A 14,490,006.00 N/A 6,604,282.00
Adjustments For Decrease Increase In Inventories -11,705,243.00 N/A 9,349,124.00 N/A 3,157,227.00 N/A -2,140,770.00
Adjustments For Decrease Increase In Other Operating Receivables -3,836,056.00 N/A 3,825,977.00 N/A 7,511,726.00 N/A -2,559,335.00
Adjustments For Increase Decrease In Trade Account Payable 2,601,871.00 N/A -2,664,555.00 N/A -124,788.00 N/A -1,669,348.00
Adjustments For Increase Decrease In Other Operating Payables 5,313,120.00 N/A -5,132,854.00 N/A 1,411,660.00 N/A 3,295,202.00
Adjustments For Depreciation And Amortisation Expense 826,334.00 N/A 1,103,075.00 N/A 1,030,329.00 N/A -787,194.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 1,365,296.00 N/A 1,178,456.00 N/A 2,081,756.00 N/A 0.00
Adjustments For Provisions 3,613.00 N/A 202,272.00 N/A -14,760.00 N/A -226,976.00
Adjustments For Unrealised Foreign Exchange Losses Gains 61,330.00 N/A -3,979.00 N/A -2,679.00 N/A 0.00
Adjustments For Fair Value Gains Losses 226,151.00 N/A -1,728,878.00 N/A -2,337,153.00 N/A 0.00
Adjustments For Undistributed Profits Of Associates 0.00 N/A 0.00 N/A 0.00 N/A 0.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets 603,510.00 N/A -79,803.00 N/A -175,838.00 N/A 225,694.00
Other Adjustments For Which Cash Effects Are Investing Or Financing Cash Flow 1,837,916.00 N/A 2,213,006.00 N/A 2,560,632.00 N/A 2,325,191.00
Other Adjustments To Reconcile Profit Loss 2,761,377.00 N/A -320,459.00 N/A 480,671.00 N/A 845,116.00
Adjustments For Reconcile Profit Loss 4,839,164.00 N/A 8,356,142.00 N/A 14,490,006.00 N/A 6,604,282.00
Cash Flows From Used In Operations -2,485,057.00 N/A 7,915,637.00 N/A 5,831,180.00 N/A -8,357,278.00
Income Taxes Paid Refund Classified As Operating Activities 6,879.00 N/A 259,082.00 N/A 608,560.00 N/A 0.00
Cash Flows From Used In Operating Activities -2,491,936.00 N/A 7,656,555.00 N/A 5,222,620.00 N/A -8,357,278.00
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities 110,006.00 N/A 15,647.00 N/A 63,713.00 N/A 0.00
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities 316,425.00 N/A 388,872.00 N/A 0.00 N/A 0.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 620,569.00 N/A 127,023.00 N/A 455,285.00 N/A 2,509,671.00
Purchase Of Property Plant And Equipment Classified As Investing Activities 266,173.00 N/A 620,182.00 N/A 21,000.00 N/A 1,484,479.00
Proceeds From Sales Of Intangible Assets Classified As Investing Activities N/A N/A N/A N/A 0.00 N/A -13,750.00
Purchase Of Intangible Assets Classified As Investing Activities 20,000.00 N/A 436,495.00 N/A 14,108.00 N/A -844,039.00
Purchase Of Other Longterm Assets Classified As Investing Activities 866,086.00 N/A 500,688.00 N/A 586,118.00 N/A 0.00
Cash Advances And Loans Made To Other Parties Classified As Investing Activities 120,000.00 N/A 312,000.00 N/A 0.00 N/A N/A
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities 0.00 N/A 10,000.00 N/A 0.00 N/A N/A
Interest Received Classified As Investing Activities 0.00 N/A 2,014.00 N/A 0.00 N/A N/A
Cash Flows From Used In Investing Activities -858,109.00 N/A -2,103,553.00 N/A -102,228.00 N/A 1,855,481.00
Proceeds From Issuing Shares 0.00 N/A 0.00 N/A 0.00 N/A 0.00
Payments To Acquire Or Redeem Entitys Shares 0.00 N/A 0.00 N/A 0.00 N/A 0.00
Proceeds From Borrowings Classified As Financing Activities 0.00 N/A 2,000,000.00 N/A 3,001,067.00 N/A 20,350,223.00
Repayments Of Borrowings Classified As Financing Activities 105,407.00 N/A 2,300,108.00 N/A 303,041.00 N/A 4,947,731.00
Payments Of Lease Liabilities Classified As Financing Activities 925,727.00 N/A 685,163.00 N/A 1,003,904.00 N/A 89,608.00
Dividends Paid Classified As Financing Activities 0.00 N/A 0.00 N/A 0.00 N/A 0.00
Interest Paid Classified As Financing Activities 1,805,542.00 N/A 2,214,122.00 N/A 2,758,988.00 N/A 1,565,710.00
Other Inflows Outflows Of Cash Classified As Financing Activities 0.00 N/A 0.00 N/A -9,500,000.00 N/A -12,085,001.00
Cash Flows From Used In Financing Activities -2,836,676.00 N/A -3,199,393.00 N/A -10,564,866.00 N/A 7,837,173.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes -6,186,721.00 N/A 2,353,609.00 N/A -5,444,474.00 N/A 1,335,376.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 0.00 N/A 0.00 N/A 0.00 N/A 0.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes -6,186,721.00 N/A 2,353,609.00 N/A -5,444,474.00 N/A 1,335,376.00
Cash and cash equivalents 4,475,818.00 10,662,539.00 6,829,427.00 4,475,818.00 1,384,953.00 6,829,427.00 2,720,329.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
POL
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
POL
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
POL
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2020

Report
Q1
H1
Q3
FY
Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

PLTWRNV00013

LEI

259400J8JJKET03PCT44

Sector

Real Estate

Industry Group

Real Estate Management & Development

Industry

Real Estate Management & Development

Sub-Industry

Real Estate Development

Listed Stock Exchange

Warsaw Stock Exchange

Main Stock Exchange

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