Good morning, Lee. Good good afternoon, ladies and gentlemen. I bet you welcome to the half yearly conference of Mobrik company. The the individuals who'll be delivering the presentation to you is mister Rafa Mihaljuk, the CFO. And Hendrik Schadbroek, the CEO. For those of you who are attending this conference for the first time, let me briefly remind you of the scope of business of our company. We operate in the sector of hazardous and industrial waste processing. We have two incineration plants of industrial and medical waste. We also have three solidification and stabilization plants for industrial waste. And we also have one state of the art plant to manufacture RDF, modern fuels? We process roughly 1.5 or 1,500 in in tons of industrial waste a day. And we process them in a wasteless manner. By by producing, manufacturing, and generating artificial aggregate and energy, electricity, and fuels. The new acquisition that should come to an end and be concluded by the end of this year that we have informed you about. That acquisition will add a fourth segment to what we already have. That's to say of oils and lubricants and oily waters. We are expanding the scope of the business activities in order to be better prepared for the total waste management for the benefit of of our deliverers, suppliers. The volume of the waste processed in the 2025 grew by six percent.
And the value of total revenues has also grown by 6%. Not only asked core business.
Whereas core business, that's to say waste processing, has grown by six per by 7%. We'd like to draw attention to a very high margin earned by Mobrook on its core business over the first semester of this year. We're talking about an 8% increase as compared to the comparable period of the previous year. The net result has decreased for two main reasons. Firstly, the depreciation level has gone up. Since this business is very capital intense, after the CapEx incurred, the depreciation level has grown accordingly. Consequently, also the interest costs, have increased. We managed to, to accomplish a 100% of, that CapEx project, based on external funding. The cost of funding from national funds is way below the market price of money.
Whereas the cost of leases is within the lowest bracket of the margin prevailing in the market. As you'll be able to see and appreciate later on, the balance of those liabilities will be decreasing, and therefore, their impact will also be dwindling. As mentioned, the interest liabilities are diminishing. We've been paying them up. Both the lease liabilities and the liabilities due to the National Fund for Environmental Protection and Water Management will have been totally paid up within five years.
The debt to EBITDA ratio is at the very low level of point 7%. It's a percent. Oh, point seven. Oh, point seven. Sorry.
Oh, oh, point seven. Yeah. Let me draw attention to the fact that on the balance sheet, the total liability total financial liabilities Also contains the earnout connected with the acquisition of El Caio company. Since the results attained by Elkayo are very good, we're expecting the payout of the entire earn out next year. The results of q two twenty twenty five are better as compared to Q1 twenty twenty five as well as better than the results for Q2 twenty twenty four.
Both in terms of the total revenues, the EBITDA, the total EBITDA, as well as the EBITDA margin. As we have been communicating it to you before, we we are planning to achieve one period with with a full of 50% EBITDA margin over that period. The second half of the of this year should be even better than the first semester of 2025. I'd also like to draw attention to the communication that we've conveyed to you before. We've completed the total disbursement of the fees in July, the total of the fees to to to to protect the possible future claims. That case is still being handled by the ensuing instances of the courts. But for the purposes of the financial statements and risk assessment, we are closing this matter in q three. In the the money has been has been conveyed to the marshal of the province, the provincial marshal. And in q three, that entire amount will be subject to a write off. It helps.
That's it. Business segment. When it comes to the big business structure and compare one period against another, we have achieved the greatest growth in the incineration segment. Our revenues have grown of over 30%. And we hope that in the second semester, that result will be even better. Because in h two, we will be growing both both the volumes as well as the average prices for our performance. We have also recorded an increase in both in terms of volumes as well as the revenue value in the stabilization segment. We also hope that those results will improve in h two as well. Yes. Yes.
There's still some room to improve the results in the RDF segment. Q two was better than than q one by 80%. Whereas the second semester should be much better than the first one. Since the cement plants are working much faster than in the first semester. We've also launched two two exporting directions or destinations. And a third exporting deck the export destination should be added in q four. Actually, this has already been presented. It's just the description of what I said.
We can pass on to the next slide. We have completed the CapEx project when it comes to the new production capacities in Karsey for when it comes to the RDF line. In the lower picture, in the in the right top corner of the lower picture, you can still see some room for development. That space will be used to to to build a storage capacity, for waste, and, this will be completed this year with a value of the CapEx project of 3,000,000. One of the one of the sources of our revenues, this year, will be the processing of the so called echo bombs.
We're talking about illegal landfills illegal landfills containing industrial waste. This year, a change to the regulations has been implemented, Which enables local governments whose jurisdiction covers the location of such an eco bomb. To obtain a subsidy totaling up to 99% of the project value. Previously, that amount was covered in 80%. And that was a major obstacle to launching such projects. That regulation will be enforced until the 2027. I can imagine that a major proportion of such projects will be launched by that date. This year, as we estimate, the company should be able to deliver 22,000,000 zlattes worth of such projects. For next year, we have already contracted roughly 20,000,000. So these projects are highly profitable, and they will be contributing, in a very positive manner, when it comes to our results. Some brief information on the cost structure. The costs are greater by 12% than in the comparable period of the previous year. Depreciation included. However, since the increase in the depreciation stems from the from the delivery of the recent CapEx projects, when you subtract the the depreciation, it turns out that the costs grow much slower than revenue. When it comes to the external costs, they contain a one off transport cost of roughly 1,000,000 zlattes.
This cost incurred was connected, with the completion, of the incineration plant in Kharsi. The increases in salaries and wages have stemmed from the regulations that are enforced in Poland. This was attributable to the increase to the statutory increase of the so called minimum pay. We've additionally developed developed the so called group functions, which will be contributing in the next periods. Mhmm. To wrap it up, the perceptible increase in the costs was lower than the corresponding increase in the revenues for the same period. You're all invited to to ask your questions now. The question is when we intend to disperse the dividend for 2020 when we are going to pay the dividend for 2025, the deadline is defined as the October 2025.
What do we expect? It might be the overall value of a combined tenders until the 2027, And how much do you expect to win from this? Can be a couple of hundreds millions of zloty.
And I think it will be a minimum of 50,000,000 PLN. No. I'm sorry. That will be a lot. That will be a lot more.
Well, like like I said, the value of the bombs will be a good several 100,000,000 zlattes. And we should win a minimum of 100,000,000 PLN thereof. That demand has always been in place. However, owing to the change in the form of funding, it has now become realistic when it comes to the demand, and it will come into fruition. We don't seem to there there don't seem to be any further questions. Therefore, thank you very much for attending this