Kghm Polska Miedz Sa Ord (KGHPF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

and welcome to the conference devoted to discussing the results of the KGHM group for the first quarter of 2026. The results are going to be presented by Mr. Remigiusz Paszkiewicz, President of the Management Board, and Amna Sobiawej-Khodorkiewicz, Vice President of the Management, Miroslav Laskowski, Vice President of Production, Piotr Krzyzewski, Vice President of the Management Board Finance, and Zbigniew Brya. Vice President for Development. We also have Mr. Janusz Krzysztofek, Director of the Investor Reactions Department. I would like to tell you that our conference is transmitted online, and during the second part we'll have a Q&A, and you'll be able to ask questions here from the room, but you can also ask questions by sending them to the email address er.kjjmp.org. Also, in the results section, all the questions and results will be published. Now, Mr. Paszkiewicz will take the floor. Ladies and gentlemen, welcome. I would like to welcome you all, and I would like to welcome all our online audience. Ladies and gentlemen, well, let me start with the following statement. We know the figures very well. We know the results of the entire KJJ group. For the first quarter, I would like to discuss several aspects of these results, especially the macroeconomic environment in which we obtained record high, very good results that we have not witnessed for even a decade of our activity. As far as the economic factors go, I would like to say that we did have very high levels of volatility and lack of stability in the market. We have not faced that since 2008. New war that affected the prices of energy factors, especially gas. Additionally, uncertainty regarding further Fed activities regarding the change of the chief of this committee and these changes also affected the p...