In early December of last year, a single shipment of more than 20,000 tons of potash arrived from Canada for Grupa Azoty Police. The unloading took place at the Seaport, which typically handles phosphorites. Purchasing such a large volume of potash—taking advantage of economies of scale—resulted in significant cost savings. This successful logistics operation at the Seaport has also created opportunities to diversify supply routes for this essential fertilizer raw material.

On January 20, 2025, the Supervisory Board of Grupa Azoty Polyolefins S.A. adopted a resolution changing the composition of the Company’s Management Board. Effective January 21, 2025, the Supervisory Board appointed Mr. Krzysztof Kołodziejczyk as President of the Management Board of Grupa Azoty Polyolefins S.A. for the third joint three-year term. Since October 21, 2024, Mr. Kołodziejczyk had been serving as Acting President of the Management Board, delegated from his role as a Member of the Supervisory Board.

On December 23, 2024, a lawsuit was filed with the District Court in Lublin, seeking a judgment against the Consortium responsible for constructing the Coal-Fired Unit. The claim includes, among others, payment of PLN 249.2 million to Grupa Azoty Puławy for liquidated damages resulting from delays in completing the investment, specifically for failing to meet two critical milestones: “Synchronization of the Unit with the National Power System” and “Signing the Acceptance Protocol for Operation.” The lawsuit also seeks a court declaration that the Consortium had no right to demand a payment guarantee for construction work exceeding the actual value of that work (guaranteed by the Company at PLN 2.3 million) and had no valid grounds to withdraw from the contract.

The signing of the Cooperation and Stabilization Agreement marks the next phase in discussions between Grupa Azoty and Orlen. Both companies have reaffirmed their commitment to further analyze strategic options outlined in the Letter of Intent signed in September this year regarding Grupa Azoty Polyolefins. The agreement remains in force until March 31, 2025, or earlier, should specific conditions outlined in the agreement arise.

Following detailed discussions and agreements with banking partners, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement originally dated December 15, 2023, concerning the financing of the Polimery Police project. This amendment extends the terms of the Stabilization Agreement’s validity to January 31, 2025. The updated agreement has been finalized with 15 financial institutions.

The Agreement marks a return to the 2013 concept aimed at fostering effective collaboration between the Tarnów-based facility and the municipal authorities. The parties plan to cooperate in areas such as the economy, infrastructure development, social policy, culture, science, and environmental protection.