In Q3, EBITDA (net of non-recurring events) amounted to PLN 57.7 million, i.e. 77.6 percent less than in the previous quarter of the year. Total coal production at JSW's mines in the in the period in question was at 3.05 million tons, up 6.4 percent from the previous quarter. Also coke production increased in Q3 2024 by 11.6 percent to 0.8 million tons, comparing with Q2.
- Coal production is growing quarter-on-quarter, nevertheless, the actuals are still below plan. We are also facing the challenges of the commodity market and high production costs. I am convinced that the JSW SA Strategic Transition Plan launched yesterday will allow us to overcome these difficulties and we will enter a path of stable development - said Ryszard Janta, President of the JSW SA Management Board.
In Q3 2024, coal sales to external buyers exceeded 1.8 million tons, up 12 percent from the previous quarter of the year. Coke sales, on the other hand, decreased by 3.2 percent to 0.7 million tons in the period in question.
As regards the prices of coking coal and coke decreased by 9.6 percent and 5.1 percent, respectively, compared to the previous quarter. The average price of coking coal was PLN 854.83 per ton, while the average price of coke reached PLN 1,305.86 per ton. This also means a 2.6 percent lower total sales revenues, which stood at just under PLN 2.7 billion.
Investment spending in cash terms amounted to more than PLN 0.9 billion in Q3 2024. When comparing the 9-month period of 2024 to the corresponding period last year, the increase was 8.9 percent or PLN 3.3 billion.
