In the first quarter of 2025, Grupa Azoty generated estimated consolidated sales revenue of PLN 3,822 million and EBITDA of minus PLN 8 million, with an EBITDA margin of minus 0.2%. This represents a year-on-year improvement in EBITDA of PLN 42 million compared to Q1 2024. The Agro Segment achieved a positive EBITDA margin.

On May 15, 2025, by resolutions of the Extraordinary General Meeting of the Company, Mr. Adam Leszkiewicz, until May 9, 2025, President of the Management Board of Grupa Azoty S.A., and Ms. Aleksandra Machowicz-Jaworska were appointed to the Supervisory Board of Grupa Azoty S.A. Simultaneously, by resolution of the Extraordinary General Meeting of the Company, Mr. Adam Leszkiewicz was appointed as Chairman of the Supervisory Board.

Grupa Azoty S.A., acting on its own behalf and on behalf of selected companies within the Grupa Azoty Capital Group, has signed an annex to the Agreement dated February 2, 2024, as amended. The term of the Agreement has been extended until June 30, 2025, subject to confirmation by the relevant Financing Institutions by June 26, 2025, of the extension of the Agreement.

The Supervisory Board of Grupa Azoty S.A., in a meeting held on May 12, 2025, appointed Andrzej Skolmowski, the current Vice President of the Company, to serve as Acting President of the Management Board until a new President is appointed through an ongoing qualification procedure. The resolution of the Supervisory Board took effect immediately upon adoption.

Grupa Azoty Puławy has decided to issue and deliver a debit note to the Contractor of the 100 MWe coal-fired power unit project (the Polimex Mostostal S.A. consortium) for over PLN 239 million as a contractual penalty for the termination of the contract due to reasons attributable to the Contractor.

On January 24, 2025, the management boards of Grupa Azoty Puławy S.A. and Polimex Mostostal S.A. met in Puławy to discuss the current situation regarding the construction of the coal-fired power block (the BW100 project) and to explore options for amicably resolving the dispute, with due regard for the interests of both parties.

Grupa Azoty S.A. has been awarded public funding under the government program “Assistance for Energy-Intensive Industries Related to Natural Gas and Electricity Prices in 2024,” managed by the National Fund for Environmental Protection and Water Management. The financial assistance granted to Grupa Azoty S.A. amounts to nearly PLN 7.3 million, with the total compensation for companies within the Grupa Azoty Capital Group exceeding PLN 44.2 million.

By May 15, 2024, Grupa Azoty Polyolefins produced a total of 100,000 tons of polypropylene. This production milestone was reached during the startup and testing of guaranteed parameters at the PDH (propane dehydrogenation) and PP (polypropylene) installations, as well as at the AUX (auxiliary installations) and HST (maritime gas terminal).