2025 was a year of transformation for Grupa Azoty, requiring consistency and readiness to take difficult but necessary decisions. The period was marked by intensive efforts to restore financial and operational stability. These efforts culminated in defining a new development direction set out in Grupa Azoty’s Strategy to 2030, announced in November.

On 31 March 2026, Grupa Azoty signed a preliminary agreement with Orlen for the sale of 100% of the shares in GA Polyolefins. The transaction value is PLN 1.183 billion and the transaction will be carried out on a cash-free and debt-free basis.

At an Extraordinary General Meeting (EGM), Grupa Azoty’s shareholders adopted key changes to the Company’s capital structure. The resolutions open the way for a two-stage financial strengthening process: first, through the issuance of up to 33,726,465 Series E shares to the State Treasury, and then through a flexible authorised capital mechanism covering up to 40,472,173 shares.

On 2 March 2026, the Supervisory Board of Grupa Azoty appointed the new Management Board for the Company’s 13th term, appointing Marcin Celejewski as President of the Management Board and Małgorzata Królak as Vice President. At the same time, Aleksandra Machowicz-Jaworska, Deputy Chair of the Supervisory Board, was delegated to act temporarily as Vice President of the Management Board for a period of up to three months. The new leadership is launching a phase of fundamental organizational renewal of Grupa Azoty—one of the key players in the European fertilizer and chemicals market—focused on restoring financial stability, maximizing the efficiency of industrial assets, and steering the business towards segments with the highest growth potential.

GA Polyolefins is consistently implementing its corrective action timetable, bringing the company closer to finalising key capital processes. In line with the adopted schedule, a restructuring plan together with arrangement proposals has been submitted to the National Register of Debtors (Krajowy Rejestr Zadłużonych, KRZ). This documentation, made available to creditors as part of the restructuring approval procedure, constitutes a necessary step towards financial stabilisation and the successful completion of the transaction with ORLEN.

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.