The Supervisory Board of Grupa Azoty S.A. has adopted a resolution appointing Mr. Andrzej Skolmowski as President of the Management Board for the Company’s 13th term. The resolution came into effect upon adoption.

The financial results for the first quarter align with previously published estimates. In Q1 2025, Grupa Azoty generated consolidated sales revenue of PLN 3,822 million and EBITDA of minus PLN 8 million, with an EBITDA margin of minus 0.2%. This represents a year-on-year improvement in EBITDA of PLN 42 million compared to Q1 2024. The Agro Segment recorded a positive EBITDA margin.

Grupa Azoty’s financial results for Q4 and the full year 2024 are in line with previously published estimates. In 2024, the Group generated consolidated sales revenue of PLN 13.043 billion and an EBITDA result of minus PLN 330 million, with an EBITDA margin of minus 2.5%. This represents an improvement in EBITDA of more than PLN 1 billion compared to 2023. The net loss was reduced from PLN 3.29 billion in 2023 to PLN 1.1 billion in 2024.

The Supervisory Board has confirmed the validity of the election process for the candidate selected by the Company's employees to serve as a Member of the Management Board for the 13^th term. The election took place from January 27 to February 11, 2025. Following this confirmation, on February 27, 2025, the Supervisory Board appointed Mr. Artur Babicz as a Member of the Management Board, with his term commencing on March 1, 2025.