The Industrial Development Agency (Agencja Rozwoju Przemysłu S.A.), Polska Grupa Zbrojeniowa S.A., Grupa Azoty S.A., and MESKO S.A. have signed a letter of intent to expand explosives production capabilities.  

The agreement to be signed between Grupa Azoty S.A. and all companies within its Capital Group strengthens and standardizes the principles of cooperation on areas such as integration processes, joint project management, restructuring, cost optimization, and information exchange. The Management Board of Grupa Azoty S.A. has resolved to approve the signing of this integration agreement, initiating the process of formalizing the document between Grupa Azoty S.A. and each of its affiliated companies.

Grupa Azoty’s financial results for Q3 align with estimates published on October 25. In Q3 2024, the Group reported consolidated sales revenue of PLN 3,085 million and an EBITDA result of minus PLN 120 million, with an EBITDA margin of minus 3.9%, reflecting an improvement of nearly PLN 228 million compared to the same period last year. The net loss for Q3 was reduced year-over-year by PLN 517 million to PLN 226 million, compared to a loss of PLN 743 million in Q3 2023.

This initiative stems from ongoing efforts toward restructuring and transforming the Group into a cohesive, cost-effective entity with a strong position in the European fertilizers, plastics, and OXO product markets.

The funding from the European Climate, Infrastructure and Environment Executive Agency (CINEA) to support the construction of a railway hub and related technical infrastructure as part of the development of railway line no. 437 to the Police Seaport. The total value of the project, managed by the Police Seaport Authority (ZMPP), exceeds EUR 48.3 million. The project aims to improve the port’s accessibility from both land and sea, while also increasing its cargo handling capacity. This initiative aligns with Grupa Azoty's strategic objectives to enhance the business importance of its port infrastructure. The project is expected to be completed by the first quarter of 2028.

Following discussions and negotiations with banks, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement dated December 15, 2023, related to the financing of the Polimery Police project. This agreement, which extends financing terms until October 31, was signed with 15 financial institutions.