Further to the news of a sudden halt in Russian gas supplies to Poland, Grupa Azoty announces that the Group companies receive natural gas under a contract with Polskie Górnictwo Naftowe i Gazownictwo S.A. Poland has technical capabilities to source gas from various directions, e.g. through system interconnectors on its western and southern borders and via the LNG terminal in Świnoujście. The mix is supplemented by domestically produced gas and volumes withdrawn from gas storage facilities, where Poland has accumulated substantial stocks.

For the time being, supplies of natural gas to companies of the Grupa Azoty Group are continuing without any disruption and production is sustained at planned levels. However, the companies have contingency plans and operational scenarios in place in case that gas supplies are disrupted or curtailed.

In 2021, the Grupa Azoty Group posted consolidated revenue of PLN 15.90bn (up PLN 5.38bn year on year), EBITDA of PLN 1.95bn (up PLN 624m year on year), and EBITDA margin of 12.2% (down 0.4pp year on year). Net profit in 2021 reached PLN 634m, having increased by PLN 279m year on year. The largest contribution to consolidated EBITDA earned by the Grupa Azoty Group in the fourth quarter of 2021 was made by the Chemicals segment, which posted its best performance on record.

Grupa Azoty is set to launch a refreshed version of its Idea4Azoty programme, which aims to facilitate collaboration between Grupa Azoty and providers of innovative solutions for industrial applications. The project is targeted at universities, research institutions and start-ups.

Grupa Azoty Group companies and employees are engaged in the efforts aimed at helping Ukrainian refugees fleeing war.

In connection with what is happening in Ukraine, companies of the Grupa Azoty Group are taking a number of initiatives to support Ukrainian refugees fleeing the war. The relief efforts of all state-owned enterprises are being coordinated by the Polish Ministry of State Assets and Ministry of the Interior and Administration.

The current situation on the fertilizer market was among the topics discussed by representatives of Grupa Azoty with Marian Sikora, President of the Federation of Agricultural Producer Associations, and Stanisław Kacperczyk, President of the Polish Association of Grain Producers. At the meeting, Zbigniew Paprocki, Member of the Management Board and CEO of Grupa Azoty S.A., said that the adverse conditions prevailing on the fertilizer market stem from the gas crisis in Europe, that is record-high gas costs, which have risen by several hundred per cent year on year and directly translate into the current fertilizer production cost levels.