On 18 December, the Supervisory Board of Grupa Azoty Puławy adopted a resolution appointing, effective 1 January 2026, for a joint three-year term of the Management Board commencing on 1 January 2026: Mr Marcin Celejewski as a Member of the Management Board, entrusted with the function of President, and Mr Wojciech Kozak as a Member of the Management Board, entrusted with the function of Vice President for Technology and Production.

NITRO-CHEM S.A. and PROZAP Sp. z o.o. (a company within Grupa Azoty’s capital structure) have signed an agreement for the development of design documentation for a new installation dedicated to the production of high-energy explosive materials, including RDX (hexogen) and, alternatively, HMX (octogen). The documentation prepared by PROZAP will form the basis for the implementation of the investment at NITRO-CHEM S.A.’s facilities.

In the first three quarters of 2025, Grupa Azoty recorded revenues of PLN 10.04 billion, an increase of approx. 2.1% compared with PLN 9.83 billion in the corresponding period of 2024. The Group’s EBITDA improved from PLN -299 million to PLN 312 million, representing an increase of PLN 611 million. EBITDA excluding Grupa Azoty Polyolefins improved from PLN -186 million to PLN 346 million, an increase of PLN 532 million.