Grupa Azoty will reduce its 2025 results with a write-off of PLN 586 million

Grupa Azoty classified loans granted to Grupa Azoty Polyolefins as impaired assets and created an impairment loss of PLN 586 million, the company announced in a press release.

It was announced that this write-down will be included in the separate financial statements as financial costs, reducing the gross result by PLN 586 million and will have no impact on the EBITDA result.

After resolving the deferred tax assets and provisions in the amount of PLN 3.8 million, the total impact on the net result will be PLN 589.8 million. This write-down will have no impact on the consolidated financial statements of the Azoty Group.

“At the same time, Grupa Azoty is analyzing the value of the assets of Grupa Azoty Polyolefins for a possible update in the consolidated financial statements,” the statement said.

It was also reported that Grupa Azoty Police created an impairment loss for loans to Grupa Azoty Polyolefins in the full book value as at December 31, 2025, i.e. PLN 661 million. The write-off will be recognized in the separate and consolidated financial statements of the Azoty Police Group as financial costs, reducing the gross result by PLN 661 million, without affecting EBITDA.

After taking into account the release of the deferred tax asset in the amount of PLN 3 million, the total impact on the net result will be PLN 663 million.

Additionally, Grupa Azoty Police created a partial write-off for trade receivables in the amount of PLN 119 million, determined as at the arrangement date, i.e. November 28, 2025.

This write-down will be recognized in the separate and consolidated financial statements of Grupa Azoty Police and will affect EBITDA. If it is used, amounts deductible from income tax will be generated in the amount of PLN 21 million, and the total impact of the write-off on receivables and deferred tax assets will amount to PLN 98 million.

It was reported that due to the ongoing audit of financial statements for 2025 and ongoing restructuring proceedings, the final value of write-offs may change. (PAP Business)

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