In Q2 2025, the JSW Group recorded significant production growth in key business segments. Total coal production was 3.34 million tons, up 16.7 percent compared to Q1 2025 and 16.4 percent year-on-year. Particularly impressive was the increase in coking coal production, which reached 2.82 million tons - up 21.4 percent from the previous quarter and 22.0 percent from Q2 2024.
- JSW has consistently implemented measures that have translated into increased output despite unfavorable operating conditions. The commissioning of new longwalls has been accelerated, incentive systems have been introduced as part of the Strategic Transformation Plan, and the use of personnel and equipment resources has been optimized. The Strategic Transformation Plan that we introduced last November is bringing the expected results - said Ryszard Janta, president of JSW SA.
The effectiveness of these measures was confirmed by the implementation of the Technical and Economic Plan (TEP) in June 2025:
- Total coal production reached 1.13 million tons, 104.1 percent of TEP targets,
- Coking coal production was 0.96 million tons, 105.9 percent of plan,
- Coke production stood at 0.23 million tons, 97.1 percent of the plan.
It is worth noting that the structure of coking coal production changed as a result of the impact of force majeure events at the Budryk and Knurów-Szczygłowice mines, but the total volume remained higher than assumed.
Total coal sales in Q2 2025 stood at 3.00 million tons, remaining at levels similar to the previous quarter, while recording a 15.0 percent year-on-year increase. In the coking coal segment, sales reached 2.62 million tons, up 5 percent quarter-on-quarter and 15.2 percent year-on-year.
In June 2025, the achievement of sales targets was as follows:
- Coke sales totaled 0.26 million tons, or 99.5 percent of the monthly plan,
- Coking coal sales - 0.82 million tons, or 92.8 percent of plan,
- Total coal sales - 0.93 million tons (89.4 percent of plan).
In accordance with JSW's trading policy, coking coal sales are mainly based on multi-year contracts with limited possibility of current adjustment, which, with low activity in the spot market, resulted in sales shifts.
Product selling prices in the second quarter fell, influenced by global trends. The average selling price of coking coal to external customers was PLN 682.98 per ton, down 8.5 percent quarter-on-quarter. The price of coke was PLN 1,038.48 per ton, down 1.4 percent from Q1.
JSW S.A.'s estimated revenues totaled approx. PLN 2.76 billion, down 4.8 percent from Q1 (PLN 2.901 billion), including: approx. PLN 1.848 billion from coal sales, approx. PLN 766 million from coke sales, and approx. PLN 81.4 million from hydrocarbon sales.
For detailed information on the JSW Group's operations in Q2 2025, see the link: www.jsw.pl/fileadmin/user_files_ri/raporty-biezace/pl/2025/PL_Zalacznik_do_RB_63_2025.pdf
Details of data on the achievement of the targets of the Technical and Economic Plan for the month of June 2025 can be found at: https://www.jsw.pl/fileadmin/user_files_ri/raporty-biezace/pl/2025/PL_Zalacznik_do_RB_64_2025.pdf
