KGHM Polska Miedz (KGH) AGM 2026 summary

Opening remarks and agenda

• The meeting opened with introductions of the Supervisory Board, Management Board, shareholders, proxies, media and auditors.

• Andrzej Leganowicz was elected chair; shareholders adopted the 16-point agenda, covering FY2025 accounts, profit appropriation, remuneration, discharges and appointments to the 12th-term Supervisory Board.

Overview of voting outcomes

• The agenda passed with 140,992,158 votes for, 179,004 against and no abstentions.

• Resolutions approving financial statements and board reports, and granting discharge for FY2025 duties, passed by large majorities.

• A proposed adjournment through 30 June 2026 was not adopted.

• The management proposal for a PLN 1.50-per-share dividend passed; the PLN 3.00-per-share proposal was rejected.

Financial performance review

• FY2025 consolidated revenue rose 3% to over PLN 36bn and EBITDA rose 22% to over PLN 10bn; consolidated net profit was PLN 3,688m.

• Approved separate FY2025 statements: profit PLN 1,946m, comprehensive income PLN 360m, cash down PLN 151m to PLN 216m, and total assets PLN 53,560m.

• Approved consolidated FY2025 statements: comprehensive income PLN 1,837m, cash down PLN 397m to PLN 443m, and total assets PLN 58,240m.

• Copper production and sales met budget; silver and precious metals exceeded expectations.

• Cost optimization and investment in new shafts were cited as supporting efficiency and future production security.