The management boards of Grupa Azoty S.A., Grupa Azoty Police, and Grupa Azoty Kędzierzyn have signed agreements with Trade Union Organizations to suspend selected cost-intensive provisions of their Collective Bargaining Agreements (ZUZP). This marks another step in the cost restructuring process that has been underway since spring this year, in response to the financial difficulties Grupa Azoty has faced since the second half of 2022.

Grupa Azoty is expanding its product line in the field of ammonium nitrate, a primary nitrogen fertilizer. Initially, production of the fertilizer with a 33.5% nitrogen content, previously the flagship product of Grupa Azoty ZAK, will also begin at Grupa Azoty Puławy. The next step involves rebranding the product from ZAKsan 33.5 to megAN 33.5. This move accelerates the integration of production, sales, and marketing activities in the Agro segment across the entire Grupa Azoty Capital Group.

The 7^th edition of the "We Care for Polish Soil" lottery, held under the slogan "The Best for the Best," has concluded. Anyone who made a single purchase of Grupa Azoty fertilizers worth at least PLN 1,000 gross between February 1 and April 30 was eligible to participate. This year's grand prize, a John Deere 5090M tractor, was awarded to Mr. Adam from the Lublin province, who purchased Pulan fertilizer for almost PLN 2,000 gross on the winning receipt.

The Management Board of Grupa Azoty Puławy has decided to temporarily halt melamine production. The biggest challenge at the moment are the costs associated with the primary raw material natural gas and energy prices related to emissions that non-EU producers do not bear. Grupa Azoty Puławy has secured an operational stock of melamine. Production will resume when an acceptable market price for melamine relative to production costs is achievable.

Grupa Azoty has completed its agreements in the Agro sector for the 2024/2025 season, signing a total of 66 contracts with its authorized distribution network for the domestic market. Internationally, a significant portion of sales is based on short-term agreements, while some cooperation is carried out under framework agreements.

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.