Body of the report:
With reference to Current Report No. 20/2025 of 7 March 2025, the Management Board of Jastrzębska Spółka Węglowa S.A. ["Issuer", "Company"] hereby reports that on 23 May 2025 it was informed about an update on the effects of implementing the Strategic Transformation Plan of JSW S.A. and its subsidiaries, which the Issuer reported in Current Report No. 62/2024 of 25 November 2024.
In the period from 1 March to 22 May 2025, PLN 155 million in savings were achieved in the area of procurement. Since the beginning of 2025 to 22 May 2025, the Company has achieved savings in the total amount of PLN 307 million which is 85% of the PLN 360 million assumed for the entire 2025, according to the Strategic Transformation Plan.
In addition, the Company reports that it continues to implement a number of initiatives have been launched to improve the utilization of longwall shearers and bring about an increase in coking coal mining volumes. In April this year, changes proposed in the initiatives were implemented at five selected longwalls, including a modified incentive system for longwall crews.
According to the production plan, in April the selected longwalls were expected to provide approx. 27% of the total output of all JSW mines, or approx. 278 thousand tons. Actual mining from these longwalls was approx. 325 thousand tons, which exceeds the production plan for these longwalls by 17%, giving 32% of total production. As of June this year, it is planned to roll out the pilot to include the longwalls and working faces where geological and mining conditions allow work to be accelerated without adversely affecting the safety of the work [approx. 75% of the longwalls].
The Issuer will report further significant effects of the implementation of optimization initiatives and the Strategic Transformation Plan of JSW S.A. and its subsidiaries in relevant current reports.
Legal basis: Article 17[1] of Regulation [EU] No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse and Repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.