On May 10, 2024, the Supervisory Board of Grupa Azoty Polyolefins S.A. dismissed Paweł Bakun from his position as Vice President of the Management Board.

In 2023, Grupa Azoty achieved consolidated sales revenues of PLN 13,545 million and an EBITDA result of minus PLN 1,366 million, with an EBITDA margin of minus 10.1%. The net loss amounted to PLN 3.29 billion. In 2023, Grupa Azoty relied significantly more on external financing, including loans and factoring, increasing debt by PLN 2.8 billion from PLN 7.1 billion at the end of 2022 to PLN 9.9 billion as of December 31, 2023.

Following discussions and agreements with banks, on April 26, Grupa Azoty Polyolefins signed an Amendment to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties agreed on the conditions under which the Financial Institutions will provide financing for the Project in the next period of the Stabilization Agreement, until May 29, 2024. The Amendment was signed with 15 financing institutions.

Following discussions and agreements with banks, Grupa Azoty Polyolefins signed an Amendment to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project on March 28, 2024. The parties have agreed on the conditions under which the Financial Institutions will provide financing for the project in the next period of the Stabilization Agreement, i.e., until April 26, 2024. The amendment was signed with 15 financial institutions.

Grupa Azoty S.A. has, on its own behalf and on behalf of the companies within the Grupa Azoty Capital Group, signed an Amendment to the Agreement dated February 2, 2024.

Grupa Azoty Police and the Swedish Race For The Baltic Foundation have completed their first joint project under the agreement signed last year, which aims to reduce environmental impact. The collaboration resulted in the purchase of a sweeper to remove raw materials from the port quay. The Foundation, which implements numerous initiatives to improve the state of the Baltic Sea, co-financed most of the equipment's cost.