On June 14, Grupa Azoty Polyolefins finalized an Amendment to the Stabilization Agreement initially signed on December 15, 2023, ensuring continued financing for the Polimery Police project. This agreement with 15 financial institutions extends the financing terms until July 31, 2024.

Grupa Azoty received three prestigious awards at the 28th International Fair of Plastics and Rubber Processing PLASTPOL held in Kielce.

Grupa Azoty S.A. has signed an annex to the agreement dated February 2, 2024, as amended, on behalf of itself and selected companies from the Grupa Azoty Capital Group. This extension, valid until July 30, 2024, allows for continued development of a long-term restructuring plan for Grupa Azoty.

Following successful discussions with banks, Grupa Azoty Polyolefins signed an Amendment to the Stabilization Agreement, originally dated December 15, 2023, on May 29. The parties extended the financing conditions for the Polimery Police project until June 14, 2024. The Amendment involved 15 financial institutions.

In Q1 2024, Grupa Azoty reported consolidated sales revenues of PLN 3,399 million and an EBITDA of minus PLN 50 million, with an EBITDA margin of minus 1.5%. These results align with the estimated financial results published on May 21, 2024.

In Q1 2024, Grupa Azoty achieved consolidated sales revenues of PLN 3,399 million and an EBITDA result of minus PLN 50 million, with an EBITDA margin of minus 1.5%. The first quarter of 2024 was marked by continued unfavorable global macroeconomic conditions. Demand for products offered by Grupa Azoty remained too low to restore the Group's operational profitability, especially given the ongoing decline in their prices. Additionally, in the first half of the quarter – similar to previous periods – there was a lack of effective adjustment actions by the Company to market conditions.