Kghm Polska Miedz Sa Ord (KGHPF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. A very warm welcome at the conference at which we will present the results of KJ General Group for 2025. Ramińsz Paszkiewicz, CEO. Joanna Sobieraj-Kozakiewicz, Vice President for Foreign Assets. Zbigniew Breja, Vice President for Development. Piotr Krzyżewski, Vice President for Finances. and Miroslav Laskowski, Vice President for Production. We also have Janusz Krystosiew, Director of Investor Relationships Department at KGHM. I would like to inform you that our conference is broadcast online. In the second part, you will have a Q&A session, and the questions can be asked both here in the room or by e-mail. All answers will be published on our website in the results section. Now over to the CEO. Good afternoon, ladies and gentlemen. Once again, a very warm welcome at the annual conference, summing up the results and, above all, the efforts of the entire KJJ group throughout 2025. If I were to summarize the year 2025, I could say that it was a good year for the entire group. I'm talking not only about KJJ, Polska Miecz S.A., But I would also like to focus on the Polish group and its foreign assets, which contributed very significantly to excellent results achieved by the group globally. both in production, processing, and first of all, sales, which translated finally into financial results, which again translated into a significant increase in the value of the entire group at the end of 2025. The company and the group had excellent results thanks to a number of factors which we will talk you through in a moment. I would like to say that those good results were achieved against the background and under the pressure of changing macroeconomic environment last year, as well as in the context of additional factors which are more globa...