Boryszew reduced revenues because it wanted to. "We have our net debt under control."

• In the first half of this year, the Boryszew group generated PLN 2.569 billion in revenue and PLN 133 million in EBITDA.
• However, the decline in revenues in the Automotive segment resulted in improved profits – the discontinued operations were unprofitable.
• Net profit reduced by the deconsolidation effect amounted to PLN 14 million.

In the first half of this year, the Boryszew Group generated PLN 2.569 billion in revenue, a 3.2% year-on-year decline. EBITDA net of one-off items reached PLN 133 million, and net profit, net of deconsolidation, reached PLN 14 million. The Management Board assessed the results as "good despite the challenging economic environment."

In the dynamically changing legislative and geopolitical environment of recent months, we took decisive action, publishing a revised strategy in June and setting new, ambitious goals. This makes the Group even better prepared to fully capitalize on emerging market opportunities and build a sustainable competitive advantage – both in the automotive industry and in the metals and specialty manufacturing sectors,” said Wojciech Kowalczyk, CEO of Boryszew SA.

In the second quarter of 2025, the Automotive segment accounted for 28.6% of the group's revenue, the Metals segment accounted for 49.5%, the Circular Economy segment for 9.6%, the Energy segment for 12.2%, the remaining revenues were accounted for by the Chemicals segment (3.1%) and Other (3.0%).

In the second quarter of this year, the Automotive segment recorded a 15.4% year-on-year decline in revenue to PLN 353 million, mainly due to the exclusion from consolidation of some companies from the Boryszew Automotive Plastics (BAP) group.

The cessation of production of plastic components reduced revenues

"The decline in revenues was mainly due to the phasing out of the operations of companies producing plastic components, which, despite generating sales, remained unprofitable and burdened the segment's operating result," the company said in a statement.

EBITDA for the same period was PLN 31 million, representing a 24% increase year-on-year. Furthermore, the remaining German companies will be deconsolidated in the future. The value of new contracts signed in 2025 is €74.6 million. The share of electric and hybrid vehicles in the order book is 53.1%.

In the first half of the year, the Automotive segment's revenues amounted to PLN 743.6 million, and EBITDA amounted to PLN 63.3 million.

Revenue in the Metals segment in the second quarter of this year was PLN 610 million (-3.3% year-on-year), and EBITDA was PLN 10 million (-41.0% year-on-year). Segment revenue declined despite an increase in sales volume.

Throughout the first half of the year, the Metals segment generated PLN 13.6 million in EBITDA. This result decreased across all segment companies, but steel had the greatest impact.

Due to low demand and falling prices, steel is dragging down the results of Metals

This area is adversely affecting the segment's results (it recorded a PLN 17 million decline in EBITDA in the first half of 2025). Alchemia's results declined due to the liquidation of selected branches and falling prices of steel products, particularly in the European market, pressure from cheap steel imports from Ukraine and China, and low demand in the European market. Other segment companies recorded revenue increases resulting from increased sales volumes and favorable conditions in the base raw materials market.

The Circular Economy segment recorded a 9% increase in revenue compared to the same period last year, reaching PLN 118 million in the second quarter of this year. EBITDA increased by 44.4% year-on-year to PLN 21 million.

The improved results were driven by the operations of Baterpol S.A., primarily due to increased lead sales volumes and higher processing margins. "However, this effect was partially offset by the decline in lead prices on the LME, which resulted in lower sales prices," the company stated in a statement.

In the first half of the year, the segment's revenues increased to PLN 235.8 million, and EBITDA increased to PLN 37.4 million.

The increase in gas prices and sales volumes improved the results of the Energy segment

In the second quarter, the Energy segment generated PLN 150 million in revenue and a stable PLN 4 million EBITDA, and in the entire half-year it increased its revenue to PLN 377.5 million and its EBITDA result to PLN 16 million.

Boryszew Energy's sales results were key to improving the overall segment's results. " The positive dynamics were driven by both the increase in gas sales volume and the higher price of this commodity in the first half of 2025 compared to the same period of the previous year," the company said in a press release.

"The net result in the second quarter of this year was reduced by PLN 12 million as a result of the deconsolidation of some BAP Group companies. EBITDA, despite the weak macroeconomic environment, is at a satisfactory level of PLN 133 million. We have our net debt under control," said Radosław Szorc, Chief Financial Officer of Boryszew SA.