In Q1 2026, Grupa Azoty generated consolidated sales revenues of PLN 3.7 billion and EBITDA of PLN 317 million, translating into an EBITDA margin of positive 8.6%. Compared to the corresponding period of 2025, consolidated EBITDA increased by PLN 325 million, while the EBITDA margin improved by 8.8 percentage points.

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.

Grupa Azoty has launched a new product line for its customers under the shared brand name GARDEN. Fertilizers produced at the Puławy company are designed for home gardeners, small-scale fruit growers, flower enthusiasts and even users maintaining simple domestic lawns. The GARDEN line is based on well-established fertilizers that have until now been used primarily by professional farmers.

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.

Within the next several dozen hours, following completion of the necessary analyses, Grupa Azoty will resume accepting orders for nitrogen fertilizers and return to standard cooperation on current market terms. In taking this decision, we must take into account both the interests of agricultural producers and our commercial partners, as well as the interests of the Company itself.