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Grupa Kapitałowa Grupa Azoty
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Grupa Azoty S.A. announces that its subsidiary Grupa Azoty Polyolefins S.A. has received from ORLEN S.A. a formal demand for the immediate repayment of liabilities arising from a loan agreement concluded in March 2025, intended to finance the purchase of propane. The demand was issued following banks accelerating (declaring due and payable) credit facilities.
In line with the Group’s strategic focus on its core fertilizer business and preparations for the potential divestment of GA Polyolefins, Grupa Azoty and Grupa Azoty Police have recognised impairment charges, primarily related to loans granted to Grupa Azoty Polyolefins. These charges follow a review of the financial standing of GA Polyolefins and the preparation of the Group’s 2025 financial statements.
Grupa Azoty has submitted a counteroffer regarding the acquisition by ORLEN of shares in Grupa Azoty Polyolefins S.A. (GAP). The value of the counteroffer is identical to ORLEN’s offer and amounts to PLN 1.022 billion. The counteroffer remains valid until 28 March 2026 and—like ORLEN’s offer—assumes completion of the transaction by 30 June 2026.
At its meeting held on 15 December 2025, the Supervisory Board of Grupa Azoty appointed Mr Mirosław Ptasiński as a member of the Management Board of Grupa Azoty S.A., effective 16 December 2025, to serve as Vice President of the Management Board.
The Management Board of Grupa Azoty Polyolefins, a subsidiary of Grupa Azoty, has decided to initiate restructuring proceedings under a Restructuring Approval Procedure (PZU), with the arrangement date set for 28 November 2025. This decision follows the company’s loss of ability to service its current liabilities and was preceded by an analysis of available corrective tools intended to enable the company to continue operating.
In the first three quarters of 2025, Grupa Azoty recorded revenues of PLN 10.04 billion, an increase of approx. 2.1% compared with PLN 9.83 billion in the corresponding period of 2024. The Group’s EBITDA improved from PLN -299 million to PLN 312 million, representing an increase of PLN 611 million. EBITDA excluding Grupa Azoty Polyolefins improved from PLN -186 million to PLN 346 million, an increase of PLN 532 million.