The financial results for the first quarter align with previously published estimates. In Q1 2025, Grupa Azoty generated consolidated sales revenue of PLN 3,822 million and EBITDA of minus PLN 8 million, with an EBITDA margin of minus 0.2%. This represents a year-on-year improvement in EBITDA of PLN 42 million compared to Q1 2024. The Agro Segment recorded a positive EBITDA margin.

Grupa Azoty has expanded its product portfolio with a new multi-nutrient fertilizer. Produced in Police, POLIFOSKA Multi B guarantees a high concentration of water-soluble nutrients, ensuring rapid availability for crops. The fertilizer is enriched with boron and sulfur.

Grupa Azoty’s financial results for Q4 and the full year 2024 are in line with previously published estimates. In 2024, the Group generated consolidated sales revenue of PLN 13.043 billion and an EBITDA result of minus PLN 330 million, with an EBITDA margin of minus 2.5%. This represents an improvement in EBITDA of more than PLN 1 billion compared to 2023. The net loss was reduced from PLN 3.29 billion in 2023 to PLN 1.1 billion in 2024.

According to preliminary estimates, Grupa Azoty generated consolidated sales revenue of PLN 13,043 million in 2024, with an EBITDA result of minus PLN 330 million and an EBITDA margin of minus 2.5%, representing an improvement of over PLN 1 billion in EBITDA compared to 2023.

The new product, called Vitaplon 9-23-30, is a first universal fertilizer that is entering the market from Grupa Azoty’s Gdańsk-based company, Grupa Azoty Fosfory. Thanks to its properties, it is particularly recommended for the cultivation of both winter and spring cereals, winter rapeseed, corn, sugar beets, potatoes, as well as for green fodder.

In mid-February this year, Grupa Azoty Puławy signed a land lease agreement with Mkango Polska (a subsidiary of Mkango Resources Ltd.) for the construction of a strategic rare earth element separation installation in Puławy. The companies indicated that the project is in line with European initiatives regarding critical raw materials. Today, the European Commission adopted a list of 47 strategic projects aimed at increasing strategic capacities in the resource area. The list includes the project concerning rare earth elements, which is to be implemented by Mkango on the premises of Grupa Azoty’s Puławy-based facility.