JSW's problems continued. The course at the opening was dived by over 8 percent.

Tuesday's JSW quotations began with strong declines in response to the Company's financial report for the first half of the year and information that the expressing of his review was refused by the auditor. After opening the session, shares are cheaper by over 8 percent.

The auditor, the company PricewaterhouseCoopers Polska sp. Z oo audit sp.

The basis for refusal was the fact that the company's management indicated that the financial model prepared to assess the possibilities of continuing operations indicates that maintaining financial liquidity requires taking a number of actions aimed at improving operational efficiency and ensuring financial liquidity in the next 12 months, which actions depend on the decisions of the third parties (return of solidarity contributions, concluding payments with the social part, postponement of ZUS contributions and postponement of payments Changing the debt payment schedule due to loans).

The Management Board wrote in the position that it sees the existence of “significant uncertainty” regarding the implementation of these activities, but the reports were drawn up assuming the continuation of economic activity for a period of at least 12 months.

At the same time, the board of JSW announced that the group's financial model, transferred to financial institutions at the end of June, assumes, among others Reducing the level of expenditure on material and operating investments, and the implementation of key and possible activities supporting liquidity in the next 12 months, the implementation of which depends on the decision of the third parties, and the lack of their implementation results in the loss of liquidity in March 2026.

The net loss of the dominant unit of the JSW group in Q2 2025 was PLN 724.1 million Compared to nearly PLN 6 billion, losses a year earlier. The consensus predicted a loss of PLN 687.1 million. In the second quarter, the revenues of the JSW group amounted to nearly PLN 2.28 billion against PLN 2.76 billion a year ago. The market expected revenues of PLN 2.27 billion. (PAP Biznes)

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