The Kędzierzyn-Koźle-based subsidiary of Grupa Azoty has signed an agreement with the National Centre for Research and Development (NCBR) to secure funding for a project entitled “New Biodegradable Polylactide Formulations Plasticized with Bioplasticizers, Preparation of Materials in Granule and Film Form, Digitalization and Automation of Laboratory Processes.” The funding amounts to PLN 3.2 million, which represents 55% of the project’s eligible expenses.

Grupa Azoty Kędzierzyn has submitted a criminal complaint alleging misconduct related to research and development projects outsourced to external entities in 2021–2022. The complaint claims that the company received information during the projects’ execution that the activities were futile, yet expenses continued to be incurred. According to the filing, the estimated financial loss to Grupa Azoty Kędzierzyn from these projects is approximately PLN 10.7 million.

The Management Board of Grupa Azoty has adopted a resolution to integrate companies within its Capital Group that provide business support services, including investment preparation and maintenance. Work is currently underway to finalize the integration schedule and the target organizational model. By the end of November, a dedicated project team will develop an organizational and ownership structure designed to deliver the anticipated business and financial benefits of the integration. This initiative is a key element of the restructuring process aimed at achieving significant cost optimizations.

Grupa Azoty has expanded its portfolio with a new version of RSM®, a popular urea-ammonium nitrate solution, now enhanced with copper, boron, and molybdenum. Importantly, the light blue color of the new RSM® OPTIMA will help farmers easily identify the product’s country of origin, as Grupa Azoty will be the only producer offering RSM® in this color. This measure addresses the challenge of fertilizer imports, which are often of questionable quality; for example, the practice of diluting fertilizer with water results in products that fail to maintain the specified concentration.

Grupa Azoty’s financial results for Q2 and H1 2024 align with the preliminary results published on August 26, 2024. In H1 2024, the Group achieved consolidated sales revenues of PLN 6.743 billion, with an EBITDA of minus PLN 179 million and an EBITDA margin of minus 2.7%, marking an improvement of nearly PLN 830 million compared to the same period in 2023. The net loss for H1 2024, at PLN 748 million, was reduced by more than PLN 300 million compared to the PLN 1.098 billion loss reported in H1 2023.

The management boards of Grupa Azoty S.A., Grupa Azoty Police, and Grupa Azoty Kędzierzyn have signed agreements with Trade Union Organizations to suspend selected cost-intensive provisions of their Collective Bargaining Agreements (ZUZP). This marks another step in the cost restructuring process that has been underway since spring this year, in response to the financial difficulties Grupa Azoty has faced since the second half of 2022.