• Q2 consolidated sales revenue amounted to PLN 833.5mn (EUR1 197.0mn), a marginal decline compared to previous year.
• EBITDA in Q2 was PLN 0.0mn (EUR1 0.0mn).
• EBIT in Q2 was PLN -88.5mn (EUR1 -20.9mn) and net profit PLN -75.0mn (EUR1 -17.7mn).
• Cost reduction and efficiency improvement program will generate PLN 45-50mn savings 2026.
• Net debt/EBITDA ratio was 1.18 (-0.30).
• 10 MW expansion of PV-farm in Kostrzyn completed in June.
• Successful share issue and cost reduction to restore pulp segment competitiveness.
“To mitigate the impact of current headwinds and to safeguard the Group’s financial stability, we are working to optimize costs, increase operational efficiency and to reduce new investment spendings.” Michal Jarczyński, CEO (see letter from the CEO on page 2)