Grupa Azoty Puławy has filed a complaint with the prosecutor’s office concerning suspected criminal actions involving sponsorship and advertising agreements, as well as donation agreements, which reportedly caused financial damages exceeding PLN 5.2 million. The agreements in question were signed starting in Q4 2022, during a period when Grupa Azoty Puławy began experiencing record losses.

Grupa Azoty has expanded its portfolio with a new version of RSM®, a popular urea-ammonium nitrate solution, now enhanced with copper, boron, and molybdenum. Importantly, the light blue color of the new RSM® OPTIMA will help farmers easily identify the product’s country of origin, as Grupa Azoty will be the only producer offering RSM® in this color. This measure addresses the challenge of fertilizer imports, which are often of questionable quality; for example, the practice of diluting fertilizer with water results in products that fail to maintain the specified concentration.

Grupa Azoty’s financial results for Q2 and H1 2024 align with the preliminary results published on August 26, 2024. In H1 2024, the Group achieved consolidated sales revenues of PLN 6.743 billion, with an EBITDA of minus PLN 179 million and an EBITDA margin of minus 2.7%, marking an improvement of nearly PLN 830 million compared to the same period in 2023. The net loss for H1 2024, at PLN 748 million, was reduced by more than PLN 300 million compared to the PLN 1.098 billion loss reported in H1 2023.

Grupa Azoty is currently analysing non-compete agreements signed in recent years that have been unfavourable for particular companies within the Group and have caused harm to these entities. The first such complaint, concerning the signing of a non-compete agreement after the termination of employment, has been filed by Grupa Azoty Puławy with the District Prosecutor's Office in Puławy.

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.