MCI Capital projects growth in 2025, supported by attractive dividend policy

by   CIJ News iDesk III
2025-01-13   10:20
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MCI Capital anticipates a strong 2025, driven by new investments in sectors like food e-commerce and Traveltech SaaS. The company’s attractive dividend policy, offering 4% of net assets annually, is expected to enhance shareholder value, according to Paweł Borys, Managing Partner at MCI Capital.

“On one hand, we are navigating a ‘soft landing’ scenario, with stable economic growth supported by strong labor markets, rising real wages, and declining inflation. On the other hand, industry performance remains weak, particularly in the eurozone, where demand is subdued. This weak demand is partially offset by high fiscal deficits in markets like Poland and the U.S.,” said Borys.

He highlighted key economic challenges, noting that while inflation, budget deficits, and interest rates hover at high levels, GDP growth, consumption, and investment are underperforming. “This imbalance is occurring amid heightened geopolitical tensions and the most pronounced political polarization in decades. Market interest rates have also risen significantly in recent quarters, reflecting concerns over prolonged inflation,” Borys added.

Comparing the persistence of high interest rates to “cooking the frog,” Borys characterized the investment environment as challenging. He outlined two potential outcomes for 2026: a mild economic slowdown paired with stabilized inflation and normalized interest rates, or a more severe risk of recession. The first scenario remains the company’s baseline outlook.

Despite economic volatility, Borys sees opportunities in the technology sector, where MCI Capital has specialized for 25 years. “The rapid pace of technological change creates attractive investment opportunities, particularly in companies driving digital transformation, offering SaaS solutions, or developing digital brands in e-commerce,” he said.

Borys expects investment conditions in both private and public markets to improve in the coming quarters, aided by projected interest rate cuts. “In Poland, interest rates should drop to 5% by the end of this year, and stabilize at around 3.5% over the next two years,” he explained.

MCI Capital’s recent investments, including NTFY in food e-commerce and Profitroom in the Traveltech SaaS sector, reflect the fund’s strategy to focus on digital champions. These investments are aligned with MCI’s long-standing expertise in technology-driven companies, such as Mall.cz, WP.pl, and Dotpay/eCard.

“As a listed fund, we expect significant results in 2025, supported by our 4% dividend policy based on net assets. This strategy is designed to deliver dynamic value growth for MCI Capital shareholders,” Borys concluded.

MCI Capital is one of Central Europe’s largest technology-focused investment funds, investing €25–100 million in digital transformation leaders and IT infrastructure. Its portfolio includes high-profile investments in companies like Mall.cz (e-commerce), WP.pl (digital media), Invia (e-travel), Dotpay/eCard (fintech), iZettle (fintech), and ATM SA (data centers).

Source: MCI Capital and ISBnews
Photo: Paweł Borys, Managing Partner at MCI Capital

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