PKP Cargo in the first quarter reduced the net loss to PLN 48.6 million

The PKP Cargo Capital Group finished the first quarter of 2025 with a net loss of PLN 48.6 million, against PLN 118.1 million, loss a year earlier – the company said in a Friday press release. It was added that revenues from contracts with clients reached PLN 928 million.

The EBITDA result in the first quarter amounted to nearly PLN 75 million, and the operational loss (EBIT) was at the level of PLN 20.4 million. As the Management Board emphasizes, the results of restructuring activities have positively influenced the results.

The costs of employee benefits dropped to approx. PLN 410 million against PLN 521 million in the same period a year earlier. “Thanks to the protection guaranteed by the sanation proceedings, we stabilized the situation in the company”-pointed out the president of PKP Cargo Agnieszka Wasilewska-Semail cited in the announcement.

The announcement announced that the company was finalizing new contracts. Recently signed is, among others Carbon transport from the Bogdanka mine to the Połaniec power plant worth PLN 48.5 million. Agreements with the Azoty Group and its subsidiaries with a maximum total value of over PLN 233 million net were also concluded, applicable until the end of August 2027.

It has been added that PKP Cargo is developing new transport corridors, including In the Baltic -Adriatic axis, and prepares the project of a central logistics hub. Work is also underway to acquire modern rolling stock for intermodal transport.

According to PKP Cargo, the company continues repair: reducing costs, selling inefficient assets, employment optimization and process automation. “The actions to date have already allowed the company to reduce the costs of functioning. Now we are entering the stage of activities that will help us improve the quality of services and competitiveness. The goal is to obtain new orders and stabilize sales revenues and improve the liquidity situation” – emphasized the member of the management board of financial affairs, Michał Łotoszyński.

In the first quarter of 2025, PKP Cargo had 28.1 percent. participation in the goods mass and 26 percent participation in the transport work on the market of freight transport.

“On the one hand, we are restructuring, resource optimization and matching structures to the current market. On the other hand, we are dealing with a difficult situation on the market of rail freight transport. Shrinking coal transport, further lack of economic situation in the European Union, limited demand for transport in Europe and perturbations in world trade”-noted President Wasilewska-Semail.

The PKP Cargo group offers logistics services, combining rail, car and sea transport. It is evidenced by independent freight transport in Poland, the Czech Republic, Slovakia, Germany, Austria, the Netherlands, Hungary, Lithuania and Slovenia. In July 2024, the court opened the restructuring proceedings of PKP Cargo. Earlier, the management of PKP Cargo decided to carry out group layoffs, covering up to 30 percent. employed. The company ensures that the restructuring plan will be presented in June this year. (PAP)

PIF/ Mick/