The agreement to be signed between Grupa Azoty S.A. and all companies within its Capital Group strengthens and standardizes the principles of cooperation on areas such as integration processes, joint project management, restructuring, cost optimization, and information exchange. The Management Board of Grupa Azoty S.A. has resolved to approve the signing of this integration agreement, initiating the process of formalizing the document between Grupa Azoty S.A. and each of its affiliated companies.

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.

This initiative stems from ongoing efforts toward restructuring and transforming the Group into a cohesive, cost-effective entity with a strong position in the European fertilizers, plastics, and OXO product markets.

On October 31, 2024, following discussions and agreements with banks, Grupa Azoty Polyolefins signed an Amendment Agreement to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties have agreed to the terms under which financial institutions will continue providing financing for the project during the extended term of the Stabilization Agreement, which now runs until November 29, 2024. The Amendment Agreement was signed with 15 financial institutions.

With the three-year term of the current Management Board of Grupa Azoty S.A. coming to an end, the Supervisory Board has announced a qualification process for new Board Members for the 13^th term. The current 12^th term began in May 2021 and, as per applicable regulations, will end on December 31, 2024. In such cases, initiating the qualification process is a statutory obligation.

In Q3 2024, Grupa Azoty generated consolidated sales revenue of PLN 3.085 billion and an EBITDA result of minus PLN 120 million, with an EBITDA margin of minus 3.9%, reflecting an improvement of approximately PLN 228 million compared to the same period in 2023. The net loss for the quarter decreased year-over-year by PLN 517 million, amounting to PLN 226 million, compared to a loss of PLN 743 million in Q3 2023.