JSW Posts Smaller 2025 Loss as Coal Miner Pursues Restructuring Strategy
JSW's Financial Performance and Restructuring Efforts
2025 Preliminary Results
April 28 (Reuters) - Poland's state-controlled coal miner JSW reported a preliminary loss of 6.25 billion zlotys ($1.72 billion) for 2025 on Tuesday, as lower coal prices and weaker production weighed on the results despite its restructuring efforts.
Restructuring Measures
Employee Agreement and Cost Savings
In February, employees of JSW backed an agreement between trade unions and the company to suspend some worker benefits as part of the restructuring plan, which is expected to save around 1.2 billion zlotys in 2026-2027.
Key Financial Highlights
Annual Net Loss Comparison
• The annual net loss was narrower than the loss of 7.24 billion zlotys recorded a year earlier
EBITDA Loss
• Preliminary EBITDA loss at 4.99 billion zlotys, versus a loss of 6.50 billion zlotys in 2024
Asset Writedowns
• The results were impacted by writedowns on the value of assets, both in the coke and coal segments
Share Performance
• JSW's shares pared some of Tuesday's gains after the results were published, up 3.3% as of 1145 GMT
Sales Revenue
• Sales revenue was 9.41 billion zlotys last year, down from 11.33 billion zlotys in 2024
Exchange Rate
($1 = 3.6323 zlotys)
Reporting Credits
(Reporting by Alicja Surdy, editing by Milla Nissi-Prussak)
