European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

← All companies

Annual rank29

Poland · Basic Materials

Mennica Polska

Mennica Polska produces circulation and collector coins, alongside silver and gold bullion coins.

+59%revenue growth
FY2022–FY2025
+1509%net-income growth
FY2022–FY2025
+231%stock return
FY2022–FY2025
−23%2026 stock return
current context only

Company profile

Coins, code and a changing Warsaw skyline

Mennica Polska traces its origin to a Warsaw mint established in 1766. The listed group now reports four segments: Mint Products, Electronic Payments, Real Estate Development and Office Space Rental. Within them, it makes circulation and collector coins for central-bank and commercial customers, sells branded investment gold, operates public-transport ticketing hardware and software, and develops and rents property in Warsaw.

Central-bank coinage

From a plaster model to 750 coins a minute

A coin can begin as a hand-sculpted plaster model, then be scanned into a digital die. Blanks are polished, circulation pieces receive one strike and collector pieces may receive several; presses can produce up to 750 circulation coins a minute. Mennica manufactures six Polish denominations for the National Bank of Poland and has fulfilled separate orders for foreign central banks, including 30 million coins for Georgia and nearly 125 million for Colombia. Those banks are customers and issuers, not subsidiaries.

Bullion and collector objects

Nearly two billion coins, plus one that levitates

In 2025 the Group says it delivered more than 2.5 tonnes of gold bullion and nearly two billion coins; branded Mennica products represented over 60% of investment-gold sales. Its collector work is more theatrical: the Cameroon-issued UFO MP-1766 uses a hidden motor and magnetic field to levitate, while the Niue-issued Magnolia uses photochromic pigment so silver petals turn pink in sunlight. The description of UFO as a world first is Mennica's own claim.

Electronic payments

The mint behind the validator

Beyond cards, City Card and GOLD combine a central system, sales software, ticket machines, validators, mobile payments and ecommerce. By the end of 2025, the Group reported 865 fixed machines, 1,310 mobile machines and more than 4,500 open-payment readers under municipal contracts. In Poznan, passengers bought about 420,000 tickets during the system's first year. Warsaw is different: its portal, app, journey planner and 13,000 devices are contracted for rollout from 2027, not yet an operating network.

Property and group perimeter

From a 1766 mint to the Mennica Towers complex

The mint reform of 10 February 1766 is the group's historical starting point; property arrived much later. In September 2025, the Group became majority shareholder of the company owning the Mennica Towers office complex and created a separate rental segment. Bulwary Praskie Stage II comprised 747 flats, 658 presold or reserved at year-end. The older project page describes the 130-metre landmark as Mennica Legacy Tower; it supplies physical design details, not current ownership.

Current 2026 update

What has changed in 2026?

Colombian coin bid · 30 June 2026

Colombian coin bidlatest official update
3company-specific highlights
−23%2026 stock return · context only

Group net profit

Q1 group net profit fell to PLN 30.0m from PLN 39.2m.

Q1 2026 · PLN 30.0m · -23.5%

Minting segment revenue

Minting segment revenue rose to PLN 634.0m from PLN 336.1m.

Q1 2026 · PLN 634.0m · +88.6%

Colombian coin bid

Mennica Polska submitted a EUR 11.63m offer to produce 720.5m Colombian circulation coins; contract award remained pending.

Colombian coin bid

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202529+59%+1509%+231%