For several weeks now, fertilizer prices have been on an upward trend in the main global markets. This is the result of several factors – demand, fertilizer availability, and supply logistics. Fertilizers are becoming moderately more expensive both in countries with low and stable production costs and in countries where costs are high and subject to rapid changes. In light of the trend observed over several quarters of postponing fertilizer purchases until just before the seasonal peak, Grupa Azoty consistently recommends spreading purchases over several batches to reduce the risk of buying products at high prices.

The Supervisory Board has confirmed the validity of the election process for the candidate selected by the Company's employees to serve as a Member of the Management Board for the 13^th term. The election took place from January 27 to February 11, 2025. Following this confirmation, on February 27, 2025, the Supervisory Board appointed Mr. Artur Babicz as a Member of the Management Board, with his term commencing on March 1, 2025.

Grupa Azoty Polyolefins has extended the validity of the Stabilization Agreement dated December 15, 2023, with subsequent amendments, concerning the financing of the Polimery Police project. Consequently, the terms under which Financial Institutions provide financing for the Project will remain in effect for the extended period of the Stabilization Agreement, i.e., until March 31 of this year.

At the Mijanka port in Police, owned by Grupa Azoty, the unloading of an ammonia shipment from North Africa has been completed. This purchase of a key raw material for fertilizer production is part of cost optimization efforts in response to the rising costs of in-house ammonia production. Producing one ton of ammonia requires at least 950 m³ of natural gas, making its production increasingly expensive. Grupa Azoty's Police plant is home to Poland’s only ammonia transshipment terminal, which is continuously adapted to meet current and future supply demands. The project utilizing the Police port for ammonia imports is one of the initiatives within the AZOTY BUSINESS Program.

Grupa Azoty is introducing a new product to the market: FOLIRES™, a nitrogen fertilizer with sulfur and magnesium designed for foliar plant nutrition. Produced at Grupa Azoty Puławy, it will be available in 20 kg packaging.

Joint research and development initiatives aimed at expanding the Police Port are the primary objectives of the agreement signed between Grupa Azoty Police, the Management Board of the Maritime Port of Police, and the Maritime University of Szczecin. The collaboration will leverage the university’s scientific expertise and the capabilities of the Police-based company, with a particular focus on initiatives within port areas.