Grupa Azoty S.A. announces that its subsidiary Grupa Azoty Polyolefins S.A. has received from ORLEN S.A. a formal demand for the immediate repayment of liabilities arising from a loan agreement concluded in March 2025, intended to finance the purchase of propane. The demand was issued following banks accelerating (declaring due and payable) credit facilities.

In line with the Group’s strategic focus on its core fertilizer business and preparations for the potential divestment of GA Polyolefins, Grupa Azoty and Grupa Azoty Police have recognised impairment charges, primarily related to loans granted to Grupa Azoty Polyolefins. These charges follow a review of the financial standing of GA Polyolefins and the preparation of the Group’s 2025 financial statements.

At the end of 2025, Grupa Azoty entered into a multi-year contract for the supply of NPK and NP compound fertilisers to the Scandinavian market with an experienced trading partner – Thoroe Nielsen A/S. The agreement represents an important element in the implementation of Grupa Azoty’s export sales development strategy and the continued strengthening of its presence in Northern Europe.

On 30 December 2025, Grupa Azoty Polyolefins filed a statement of claim in arbitration proceedings with the Vienna International Arbitral Centre (VIAC) at the Austrian Federal Economic Chamber against Hyundai Engineering Co., Ltd. The dispute concerns the performance of the contract dated 11 May 2019 for the comprehensive execution of the Polimery Police Project. The claim covers demands with a total value of up to EUR 2.98 billion, arising — in the Company’s view — from the contractor’s failure to perform its contractual obligations, which resulted in the project not being completed.

On 23 December 2025, Grupa Azoty, together with Nutrien, a leading Canadian supplier of potash, signed a supply agreement valid until 31 December 2027 for the delivery of potash used in the production of NPK compound fertilizers at the Police and Fosfory plants. For Grupa Azoty’s customers, the contract translates into consistent, guaranteed quality of compound fertilizers and stable market supply.

Grupa Azoty has submitted a counteroffer regarding the acquisition by ORLEN of shares in Grupa Azoty Polyolefins S.A. (GAP). The value of the counteroffer is identical to ORLEN’s offer and amounts to PLN 1.022 billion. The counteroffer remains valid until 28 March 2026 and—like ORLEN’s offer—assumes completion of the transaction by 30 June 2026.