The result was significantly affected by the recognition of an impairment loss on non-financial non-current assets in the amount of PLN 648 million, related to the January fire at the Knurów-Szczygłowice mine (Szczygłowice Section). In addition, financial performance remains under pressure from the prolonged unfavorable situation in the global coking coal and coke markets, the unfavorable USD exchange rate, as well as difficult geological conditions and operating events of chance.
Despite these circumstances, JSW SA has been consistently implementing the Strategic Transformation Plan (PST), which aims to improve operational efficiency, reduce costs and increase the Company's business resilience. The program was launched in December 2024 and covers both the mining area and the purchasing and investment segment.
April 2025 saw real progress on key initiatives. Mining at the longwalls included in the Efficient Mine pilot program amounted to 325,000 tons of coal net - 17 percent more than the planned level of 278,000 tons. At the same time, cost-saving measures in the area of purchasing brought savings in excess of PLN 307 million by 22 May, which is already 85 percent of the full-year target.
The Company's Management Board stresses that the current situation requires determination and a long-term approach, but all the measures taken are aimed at stabilizing operating results and preparing JSW for the next quarters of a challenging market environment.
