Grupa Azoty has taken another step in its financial stabilization and long-term debt restructuring process. The preliminary key terms and conditions of the planned restructuring of the Group’s financial liabilities, signed with its financing institutions on 1 June 2026, establish the framework for concluding the final long-term financing agreement.

In the first quarter of 2026, Grupa Azoty generated revenue of PLN 3.70 billion, a modest decline of 3.14% from PLN 3.82 billion in the same period a year earlier. EBITDA improved substantially, reaching PLN 317 million — an increase of PLN 325 million year on year compared with the negative result recorded in Q1 2025 (PLN -8 million). Excluding the impact of GA Polyolefins, EBITDA stood at PLN 341 million, up PLN 255 million from PLN 86 million in the prior-year period. The consolidated EBITDA margin came in at 8.6%, an improvement of 8.8 percentage points against the -0.2% recorded in Q1 2025.

At its meeting on 27 May 2026, the Supervisory Board of Grupa Azoty S.A. appointed Piotr Szajczyk to the Company’s Management Board effective 1 June 2026, assigning him the role of Vice President of the Management Board for the 13th term of office.

In Q1 2026, Grupa Azoty generated consolidated sales revenues of PLN 3.7 billion and EBITDA of PLN 317 million, translating into an EBITDA margin of positive 8.6%. Compared to the corresponding period of 2025, consolidated EBITDA increased by PLN 325 million, while the EBITDA margin improved by 8.8 percentage points.

On May 12, 2026, Grupa Azoty Puławy received a decision from the District Court in Lublin to suspend legal proceedings initiated in January 2026 against the Company by the Contractor of the coal-fired power unit in Puławy.

The Supervisory Board of Grupa Azoty Zakłady Chemiczne “Police” S.A. has appointed Małgorzata Królak as President of the Management Board, effective 1 April 2026, and Dominik Nowak as Vice President of the Management Board responsible for Finance, effective 24 March 2026. These decisions are intended to ensure the Company’s stable operations during a demanding period of reorganisation across the Grupa Azoty Group.

On 18 December, the Supervisory Board of Grupa Azoty Puławy adopted a resolution appointing, effective 1 January 2026, for a joint three-year term of the Management Board commencing on 1 January 2026: Mr Marcin Celejewski as a Member of the Management Board, entrusted with the function of President, and Mr Wojciech Kozak as a Member of the Management Board, entrusted with the function of Vice President for Technology and Production.

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.