Agnieszka Wasilewska-Semail was dismissed from the position of president by the supervisory board of PKP Cargo on Monday, the company announced. The change takes effect on December 22, the reasons for the cancellation were not given. Monika Starecka was delegated to temporarily perform her duties.
The supervisory board delegated Monika Starecka to temporarily act as president of PKP Cargo no longer than until March 22, 2026.
Agnieszka Wasilewska-Semail took up the position of president of PKP Cargo on January 20, 2025, and on December 20, 2024, she won the competition for this position.
Recently, on December 11, Marcin Wojewódka was dismissed from the supervisory board of the railway carrier. It was canceled by the largest shareholder of PKP Cargo – PKP SA.
The day before Wojewódka's dismissal, during quotations on the Warsaw Stock Exchange, ten minutes before noon, PKP Cargo published a current report in which it announced that the vice-chairman of the company's supervisory board, Marcin Wojewódka, had sold PLN 91,000. 703 PKP Cargo shares at an average price of PLN 12.56 per share. On that day, after the end of quotations, the company announced that Wojewódka had bought the same number of shares at an average price of PLN 11.53. The price of PKP Cargo shares at the opening of trading was PLN 12.88, and at the close it fell by 9.06%. up to PLN 11.65. The difference between the sale price of shares by the Vice-Chairman of the Supervisory Board of PKP Cargo and their repurchase amounted to PLN 94,000. PLN 454.09.
After these transactions, the Polish Financial Supervision Authority announced that they were subject to analysis by the Office of the Polish Financial Supervision Authority from the point of view of the provisions of the MAR regulation. The MAR (Market Abuse Regulations) regulation covers abuses on the financial market, e.g. insider trading.
A day later, on December 11, PKP Cargo announced another transaction concluded by the vice-chairman of the supervisory board. This time, Wojewódka bought 1,038 shares of the company at PLN 12.68, i.e. for over PLN 13,000. zloty. On that day, at the opening of the session at On August 9, the share price of PKP Cargo increased by 9.7%. to PLN 12.78, and at 4:15 p.m. the shares were above the mark by 8.41%. and cost PLN 12.63.
According to the company's current reports, Wojewódka, as the person discharging managerial responsibilities and then acting president of the management board of PKP Cargo, first announced the purchase of the carrier's shares in May 2024.
As of December 29 this year. the date of the extraordinary general meeting of PKP Cargo was set. Its agenda included the issue of reducing the share capital by PLN 2.19 billion to cover the loss from 2024, as well as changes in the composition of the supervisory board.
PKP Cargo is a joint-stock company listed on the Warsaw Stock Exchange. The largest shareholder is PKP SA with a 33.01% share in the capital; funds managed by Nationale-Nederlanden PTE SA have 12.08%, and other shareholders – 54.91%.
In July 2024, the court opened the company's restructuring proceedings. Also in July last year the management board decided to carry out group layoffs by the plants and the company's headquarters, as a result of which employment decreased by 3,665 employees. Currently, PKP Cargo employs approximately 10,000 people. people. At the beginning of June this year. PKP Cargo has once again announced that it intends to carry out group layoffs. This time, the layoffs would cover up to 1,041 employees in 2025 and up to 1,388 in 2026. On December 11, President Wasil
At the beginning of December, PKP Cargo submitted a claim to the Prime Minister and the Minister of State Assets in the amount of PLN 1.522 billion as compensation for the implementation of the so-called coal decision of July 2022. It was reported that if the State Treasury does not pay, the carrier intends to sue it. By decision of July 25, 2022, then Prime Minister Mateusz Morawiecki instructed the carrier to transport coal purchased abroad by PGE Paliwa and Węglokoks. In 2024, the management board of PKP Cargo announced that the implementation of the so-called the coal decision was to the detriment of the carrier, which had to abandon commercial and profitable orders and direct the rolling stock to Baltic ports, where it waited for imported coal. In mid-July 2022, Morawiecki, due to the government's embargo on coal imports from Russia, obliged PGE Paliwa and Węglokoks to import coal suitable for households from other countries.
In December, there was also a change in the manager of the PKP Cargo rehabilitation estate.
At the beginning of this month, it was announced that the PKP Cargo Committee of Creditors has until February 2, 2026 to assess the company's restructuring plan. In turn, the company itself has a deadline to submit the final content of the arrangement proposals by February 27, 2026. The company's restructuring plan was submitted to the court at the end of June 2025. As it was reported then, if the planned activities are effectively implemented, in 2031 it will be possible to achieve an EBITDA profit of approximately PLN 1.296 billion. The plan includes, among others: stabilizing the financial situation in the short term through activities aimed at optimizing cash flows, renegotiating financial liabilities, reducing costs and increasing revenues, including: by developing cooperation with key clients. It is also to assume a debt repayment model amounting to nearly PLN 3 billion.
In the third quarter of 2025, PKP Cargo generated PLN 7.5 million in profit and PLN 36.1 million in operating profit. According to the company's information, in the nine months of 2025 it allocated PLN 304.2 million for investments, i.e. 42.9% less. compared to the same period in 2024. They were intended for the acquisition of tangible fixed assets and intangible assets in the form of purchases, modernization and the so-called renovation component (repairs and periodic inspections of rolling stock). (PAP)
wkr/ mick/ malk/ mhr/
