3Q 2024 Summary
Key operational and financial data | 3Q 2024 | Change y/y | |
Sale of electricity: | 0,49 | TWh | +6,52% |
| 0,38 | TWh | +22,58% |
| 0,11 | TWh | -26,67% |
Achieved average electricity sale price (1) | 737,98 | PLN/MWh | -46,97% |
Average purchase price of EUA | 349,55 | PLN/MWh | -11,32% |
Sale revenues: | 521 | m PLN | -36,46% |
EBITDA: | 33 | m PLN | -92,24% |
CAPEX: | 33 | m PLN | -91,20% |
Investment outlays: | 365 | m PLN | +453,03% |
(1) Average price calculated as revenues from the sale of energy (including ancillary services) divided by the sales volume.
2
9M 2024 Summary
Key operational and financial data | 9M 2024 | Change y/y | |
Sale of electricity: | 1,50 | TWh | -31,82% |
| 0,96 | TWh | -27,27% |
| 0,54 | TWh | -38,64% |
Achieved average electricity sale price (1) | 721,54 | PLN/MWh | -37,94% |
Average purchase price of EUA | 380,69 | PLN/MWh | -0,55% |
Sale revenues: | 1 562 | m PLN | -48,55% |
EBITDA: | 153 | m PLN | -49,50% |
Net result: | 139 | m PLN | -30,15% |
CAPEX: | 576 | m PLN | +58,68% |
Cash(2): | 566 | m PLN | -53,95% |
(1) Average price calculated as revenues from the sale of energy (including ancillary services) divided by the sales volume.
(2) Cash and cash equivalents and other current financial assets. 3
3Q 2024 Summary [m PLN] REVENUESEBITDA NET RESULT
820
185
521
158
66
199
297
436
3Q 2024
Own electricity
3Q 2023
Electricity from resale
Other
3Q 2024 3Q 2023
425
33
375 | ||||
33 | ||||
3Q 2024
3Q 2023
The conditions for conducting business at ZE PAK in Q3 2024 have significantly changed compared to Q3 2023:
the relationship between the average achieved price for electricity sales and the average incurred price for purchasing carbon dioxide emission permits has worsened;
the revenue shortfall is difficult to compensate on the cost side due to the high share of fixed costs (especially in the mining segment).
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SELECTED ELECTRICITY MARKET DATA
5