2025-11-25 17:36, updated 2025-11-25 18:09
publication
2025-11-25 17:36
update
2025-11-25 18:09
In the third quarter of 2025, Jastrzębska Spółka Węglowa had a net loss of PLN 793.7 million compared to a PLN 308.9 million loss a year earlier, revenues amounted to PLN 2.3 billion compared to PLN 2.7 billion a year earlier – the company announced in its quarterly report. The results were in line with the company's previous estimates.
The operating loss in the third quarter of 2025 amounted to PLN 899.1 million, compared to PLN 313.2 million a year ago.
Cumulatively, during the nine months of 2025, the group recorded PLN 7 billion in revenues, PLN 2.869 billion of net losses and PLN 2.167 billion of EBITDA losses.
According to the company, the results were significantly influenced by the impairment loss on fixed assets worth PLN 648 million recognized in the first half of the year, related to the events in the Knurów-Szczygłowice mine.
EBITDA adjusted for one-off events was negative after three quarters and amounted to PLN -1.4 billion compared to PLN 887.2 million of EBITDA profit a year ago. In the third quarter alone, the group recorded a loss of PLN 485 million at the EBITDA level excluding one-off events.
As JSW reported in the report, after 9 months of 2025, the EBITDA loss of the coal segment amounted to PLN 2.03 billion, and in the corresponding period of the previous year, the company had an EBITDA loss of PLN 4.46 billion. In the Coke segment, the company recorded an EBITDA loss of PLN 215.6 million compared to a PLN 1.6 billion loss a year earlier. In turn, EBITDA of other segments amounted to PLN 300.6 million in this period, compared to PLN 320.6 million a year earlier.
“JSW's results are influenced primarily by the unstable market situation, import pressure from Asian producers, unfavorable exchange rates and the decline in prices of key products – coking coal and coke,” JSW said in a press release.
The JSW restructuring plan assumes corrective actions and organizational changes
The JSW restructuring plan assumes four strategic directions of action, which are to be agreed with both the social side and state and financing institutions. It provides for, among others: corrective actions and organizational changes – JSW informed. Pro-liquidity and pro-savings measures are planned to be implemented in 2025-2030.
Total coal production in JSW mines after three quarters was 9.5 million tonnes and was 4.4% higher. rdr. Coke production amounted to 2.3 million tons, which means a decrease by 0.1 million tons y/y. In the third quarter, 3.32 million tons of coal were produced, including 2.87 million tons of coking coal and 0.89 million tons of coke.
Coal sales to external customers amounted to 6.5 million tons after three quarters and were 18.2% higher. rdr. Lower by 8%. was coke sales, which amounted to 2.3 million tons.
The prices of coking coal and coke decreased by 27.4%, respectively, over a period of 9 months. and 25.9 percent rdr. The average price of coking coal was PLN 692.89 per tonne, and the average price of coke was PLN 1,002.81 per tonne.
The unit mining cash cost in the third quarter amounted to PLN 711.41/t compared to PLN 782.83/t. Cash conversion cost dropped to PLN 278.15/t from PLN 312.13/t a year earlier.
Net cash flows from the group's operating activities amounted to PLN -894 million in the 9-month period compared to PLN +386.9 million a year earlier.
The value of cash and cash equivalents for the period of 9 months amounted to PLN 513.4 million and was lower compared to the same period of 2024 by PLN 255.8 million. (PAP Business)
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