Grupa Azoty has been fighting for many months to get back on track. The state-owned chemical industry giant presented new information at a conference on Monday, including: about debt and prospects for the near future.
“Invariably, the biggest challenge is to stabilize the financial situation of the Azoty Group” – said president Marcin Celejewski.
Grupa Azoty will significantly reduce its debt
“The sale of Polyolefins, which we expect to be finalized in the third quarter of this year, will make it possible to eliminate PLN 4.7 billion of debt from Grupa Azoty, i.e. reduce it by 25%.as well as PLN 2.8 billion of other risks that will be avoided thanks to this transaction,” said Vice-President Małgorzata Królak.
As she emphasized, the total reduction in debt and risk exposure in connection with the sale of Grupa Azoty Polyolefins will amount to 35.5%.
“This transaction will avoid GAP's bankruptcywhich would be important not only for this company, but also liquidity and financial consequences for Grupa Azoty,” added the vice-president.
She also recalled that the agreement with Orlen gives Grupa Azoty a share in GAP's potential future profits.
Let us recall that Grupa Azoty signed a preliminary agreement for the sale of shares in GA Polyolefins with Orlen at the beginning of April. As a result of the transaction, Orlen, which currently holds 17.3 percent. shares, will take over 100 percent. control in the company. The transaction, including the purchase of all remaining GAP shares and Orlen's provision of financing necessary to complete the company's restructuring, amounts to a total of PLN 1.35 billion.
Grupa Azoty is optimistic about two sectors
Grupa Azoty also announced on Monday that it did not rule out achieving this goal positive EBITDA result in 2026if the current trend in the Chemicals and Plastics segments continues.
“Chemistries and Plastics have been under pressure for many years from Asian producers who are not burdened with environmental standards. This year we see a significant improvement, market trends have reversed slightly due to more difficult supply chains between Asia and Europe after the outbreak of the war in the Middle East. It turned out that There are no producers of these products in Europe and our plants are one of the alternatives” – said vice-president Artur Chołody.
As he emphasized, sales of both plastics, Oxo alcohols and pigments are growing.
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“We initially wanted to cut the losses of the Plastics and Chemicals segments by half this year, but if the market situation continues, it is possible to achieve a positive EBITDA result for both segments in 2026.” – added the vice president.
In 2025, the EBITDA loss of both segments amounted to PLN 108 million, compared to a PLN 331 million loss in the case of Plastics and a PLN 225 million loss in the case of Chemistry in the previous year.
The vice president announced that the group also expects a significant improvement in the financial results of Compo Expert and Siarkopol this year.
Grupa Azoty ranks second in the EU in the production of nitrogen and multi-component fertilizersand products such as melamine, caprolactam, polyamide, OXO alcohols, and titanium white also have a strong position in the chemical sector, being used in many industries.
On Monday, investors were more optimistic about Grupa Azoty's shares. Quotes were around 4% for most of the day. in the positive.
