On May 12, the Management Board of Grupa Azoty S.A. received notification from the Minister of State Assets – acting on behalf of the State Treasury, a shareholder of the Company – regarding the nomination of Mr. Adam Leszkiewicz and Ms. Aleksandra Machowicz-Jaworska as candidates for the Company’s Supervisory Board.
Adam Leszkiewicz has resigned from his position as President of the Management Board of Grupa Azoty S.A., effective May 9 at 11:00 a.m.
Grupa Azoty’s financial results for Q4 and the full year 2024 are in line with previously published estimates. In 2024, the Group generated consolidated sales revenue of PLN 13.043 billion and an EBITDA result of minus PLN 330 million, with an EBITDA margin of minus 2.5%. This represents an improvement in EBITDA of more than PLN 1 billion compared to 2023. The net loss was reduced from PLN 3.29 billion in 2023 to PLN 1.1 billion in 2024.
According to preliminary estimates, Grupa Azoty generated consolidated sales revenue of PLN 13,043 million in 2024, with an EBITDA result of minus PLN 330 million and an EBITDA margin of minus 2.5%, representing an improvement of over PLN 1 billion in EBITDA compared to 2023.
The validity period of the Stabilization Agreement between Grupa Azoty Polyolefins and Financial Institutions, originally dated December 15, 2023, and subsequently amended, concerning the financing of the Polimery Police project, has been extended from April 22, 2025, to May 20, 2025.
Grupa Azoty S.A., on its own behalf and on behalf of selected companies from the Grupa Azoty Capital Group, has signed an annex to the Agreement dated February 2, 2024 (as amended) with the Financing Institutions. The term of the Agreement has been extended until May 15, 2025, provided that the relevant Financing Institutions confirm the extension by April 30 of this year.