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Grupa Azoty (ATT) investor relations material
Grupa Azoty Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Secured a stabilizing agreement with financial institutions and a waiver for net debt/EBITDA covenant, supporting recovery efforts and improved group performance over the nine months of 2025 compared to the previous year.
Published a new strategy to 2030, focusing on core business and restructuring net bank debt amid challenging market conditions; an Extraordinary General Meeting is scheduled for February 2026 to decide on a share issue for strategic development.
Initiated a two-stage share issue to recapitalize, with the first phase targeting PLN 600 million from the state treasury and a second phase up to PLN 40.5 million from market investors and the state treasury.
Orlen submitted a non-binding offer to acquire Grupa Azoty Polyamid-6 and Polyolefins for PLN 1.02 billion on a cash-free, debt-free basis, with decisions expected by year-end 2025.
9M 2025 EBITDA reached PLN 312 million, an increase of PLN 611 million year-over-year, with a significant one-off impact in Q3 2025 of PLN 315.9 million related to Polimery Police EPC contract accounting.
Financial highlights
Q3 2025 revenue was PLN 2.9 billion, down 6% year-on-year, mainly due to lower advanced chemicals segment sales.
Q3 2025 EBITDA was PLN 391 million (13.5% margin), up PLN 511 million and 17.4 percentage points year-on-year, driven by one-off Polyamid-6/Polimery Police settlement (PLN 316 million).
9M 2025 revenue totaled PLN 10.04 billion, up 2.1% year-on-year; EBITDA for 9M 2025 was PLN 312 million, compared to a loss of PLN 299 million in 9M 2024.
Net profit for Q3 2025 was a loss of PLN 150 million, an improvement from a loss of PLN 226 million in Q3 2024.
Group EBITDA margin in Q3 2025 improved to 13.5% from -3.9% in Q3 2024.
Outlook and guidance
Effects of new tariffs on Russian fertilizers expected to be visible from January 2026, with further price increases possible in the second half of 2026.
General shareholders' meeting scheduled for February 13, 2026, to approve share issuance and further stabilize finances.
Focus on consistent delivery of 2030 strategy objectives and further implementation of the Azoty Business Programme.
Ongoing analysis of Orlen's offer and potential share issue; continued dialogue with financing institutions.
Anticipates improvement in market conditions for the Agro Segment.
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