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Negotiations on Polimery Police: Cooperation and Stabilization Agreement signed between Grupa Azoty, Orlen S.A., Hyundai Engineering Co., LTD., and Korean Overseas Infrastructure & Urban Development Corporation

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.

19.12.2024
Grupa Azoty Polyolefins and Financial Institutions extend financing terms for Polimery Police for another period

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.

16.12.2024
Grupa Azoty Polyolefins and Financial Institutions extend financing terms for Polimery Police Project

Following discussions and agreements with banks, Grupa Azoty Polyolefins has signed an Amendment Agreement to the Stabilization Agreement dated December 15, 2023, concerning the financing of the Polimery Police project. The parties have agreed on the terms under which the Financial Institutions will provide financing for the project during the next period of the Stabilization Agreement, effective until December 13 of this year. The Amendment Agreement was signed with 15 Financial Institutions.

04.12.2024
Grupa Azoty secures agreement with financial institutions valid through Q1 2025, subject to periodic approvals

Grupa Azoty S.A., acting on behalf of itself and selected companies within the Grupa Azoty Capital Group, has signed an Annex to the Agreement originally dated February 2 of this year as subsequently amended. The Agreement's validity has been extended until March 31, 2025, contingent on periodic approvals from the Financial Institutions, scheduled for December 31, 2024, January 31, 2025, and February 28, 2025.

29.11.2024
Grupa Azoty announces Management Board composition for 13th term

The Supervisory Board of Grupa Azoty S.A. has confirmed the composition of the Management Board for its upcoming 13th term, effective January 1, 2025. The lineup remains unchanged, except for the Employee-Elected Board Member, who will be appointed following a planned election process.

26.11.2024
Grupa Azoty Announces Q3 2024 Financial Results

Grupa Azoty’s financial results for Q3 align with estimates published on October 25. In Q3 2024, the Group reported consolidated sales revenue of PLN 3,085 million and an EBITDA result of minus PLN 120 million, with an EBITDA margin of minus 3.9%, reflecting an improvement of nearly PLN 228 million compared to the same period last year. The net loss for Q3 was reduced year-over-year by PLN 517 million to PLN 226 million, compared to a loss of PLN 743 million in Q3 2023.

06.11.2024
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