The Plan of Strategic Transformation of JSW covers all the group's activities, In addition to employment issues. Employment costs in the first quarter of this year. they constituted 48 percent JSW generic costs, material costs 17 percent, costs of foreign services 16 %, and energy costs 7 percent
Currently, the basic source of covering the company's operational losses are the funds saved in the stabilization fund accumulated in times of prosperity and high prices of coking coal and coke. JSW reaches for them from last year. Subsequent redemptions of FIZ certificates have been held in recent months.
At the end of March 2024, the Net Asset value of FIZ JSW was PLN 5.7 billion. On Monday, the company announced another decision on the redemption of certificates with an estimated value of PLN 210 million. The value of other funds in the fund was estimated after this operation at PLN 0.76 billion.
JSW's shares have dropped from July 23 from PLN 27.59 to even PLN 22.45 on Monday. On Monday they lose almost 1 percent.
Liquidity until November
Last week, the JSW situation was dealt with by the Provincial Social Dialogue Council in Katowice, which determined the development of a position on the difficult financial situation of the company. As the trade union side estimated, JSW threatens the loss of financial liquidity the furthest in November this year. The pages agreed as to urgent need to help the government.
The JSW Group closed 2024 by a net loss of PLN 7.3 billion against less than PLN 1 billion in profit a year earlier. The result was mainly affected by the capture of an updating value of non -financial fixed assets in a total amount of PLN 6.4 billion. Estimated JSW revenues in the second quarter of this year. amounted to approx. PLN 2.8 billion, which means A decrease by 4.8 percent compared to the first quarter (PLN 2.9 billion).
Launching new walls
As reported by the head of the JSW press team Tomasz Siemieniec, the resources of both new walls reach nearly 900 thousand. tons of coal coal.
JSW authorities emphasize that activities in the field of mining increases are the most important area implemented from the end of last year. Strategic transformation plan, which is to stabilize the company's situation.
This impact of the volume of extraction has most strongly contributed to last year's decrease in the group's revenues: by 26.2 percent. year to year, up to PLN 11.3 billion. The trend has not yet been reversed: in the second quarter of 2025, despite the increase in extraction by 16.7 percent. against the first quarter The company had revenues by nearly 5 percent. lower.
According to Monday information, the Szczygłowice wall XII in the 404/4 traffic is 160 meters long, a height of up to 2.5 meters and over a kilometer run. Its exploitation is to be completed in November 2026. Coal resources amount to 712 thousand tone.
At the beginning of August, the Zofiówka Ruch was started to launch the N-1a wall in deck 416/3. Her catwalk is over 360 meters and a length of 93 meters. The wall has a high thickness (deck height) from 2.7 to 3.3 meters. Operative resources amount to 130,000 tons of coal coal.
Its Vice President of Technical and Operational Affairs cited in the company's information Adam Rozmus emphasized that the launch of subsequent walls at JSW plants is in line with the adopted technical and economic plan for this year. This plan assumes mining this year. 13.4 million tons of coal. Last year The mining amounted to 12.3 million tons.
– In all new walls we implement solutions prepared as part of the Initiative Effective Mine, which is part of the strategic transformation plan. The introduced solutions are aimed at increasing work efficiency, and thus, higher mining, said Rozmus.
