Rafamet concluded an investment agreement with the Industrial Development Agency

Rafamet concluded an investment agreement with an industry development agency, under which the ARP can recapitalize the company with a total of PLN 80 million – according to the Rafamet message. The company said that PLN 30 million will receive in the first tranche, and the other three are dependent on the fulfillment of the suspension conditions.

“The management of the Rafamet SA factory in restructuring (…), informs, on May 27, 2025, the Issuer concluded with the Industrial Development Agency with headquarters in Warsaw (…), an investment agreement (…). ARP is a shareholder of a company with PLN 5.008.195 ordinary shares of PLN 10.00 each share, each action, constituting PLN 93 % The company capital of the company, entitling to 5.008.195 votes at the General Meeting of the Company, which is 93 percent.

It added that the investment agreement aims to restructure the company's activities and its capital group. It was also stated that the subject of the contract is “establishing the principles and conditions for the company's recapitalization by the ARP” and the principles on which Rafamet will use funds to the agency.

We read that the company will be recapitalized in four tranches. In the first, the share capital of the rafamet will be increased by PLN 30 million as part of the issue of shares, which will be covered by the ARP in exchange for a cash contribution. In the second tranche, the capital is to be raised by PLN 20 million, in the third – also by PLN 20 million and the fourth tranche of recapitalization is to apply to PLN 10 million (each time this is to be done by issuing shares, which will be covered by the ARP and paid for a cash input).

“The second, third and fourth tranche of increasing the company's share capital in which the ARP is to participate after the relevant general meetings and adopting the appropriate resolutions have been covered by suspension conditions,” said in a statement.

Among the conditions set to the company, there are, among others The conclusion of a loan agreement between the rafamet and the Rafamet foundry dependent on it, the submission of a restructuring plan supported by the ARP or the company obtaining contracts at 2026 in the amount set in the contract.

“The conditions referred to above (for the second, third and fourth tranches of the company's share capital) have been reserved for the ARP, so the ARP has the right to renounce these conditions in whole or in part,” – it was also stated in a message.

Rafamet is a manufacturer of special machine tools for processing railway wheel sets and a large -size supplier of specialized machine tools. The company provides machinery for the machine, energy, shipbuilding, metallurgy, aviation and reinforcing industries. Rafamet is a joint -stock company where 93 percent The State Industry Development Agency (ARP) has the action. On April 29, Prime Minister Donald Tusk announced that the Industrial Development Agency will receive over PLN 700 million for help, among others for Rafako and Rafamet.

The company is in restructuring; For 2024, she recorded almost PLN 44.3 million losses on operating activities, against almost 7 million losses a year earlier. The net loss of the rafamet was less than PLN 44.5 million against PLN 10.5 million a year earlier.

Rafamet debt covered by sanation proceedings is PLN 87.9 million. In the restructuring strategy, the company's management has assumed that the ARP has a capitalized PLN 80 million for ongoing operations and for investments. The payment is to take place in four tranches to the third quarter of 2026. In addition, the ARP is to grant the company a loan of up to PLN 16 million. (PAP)

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