Polska Grupa Energetyczna SA (LTS:0MN3)

Q1 2026 PGE Polska Grupa Energetyczna SA Earnings Call Transcript

May 27, 2026 / 08:00 AM GMT

Release Date Price: zł11.97

Transcript

Key Points

Positve

Polska Grupa Energetyczna SA (PGPKY) has stabilized or improved conditions for offshore projects due to the loosening of supply chains.
The company is strategically covered with three offshore projects, fulfilling their strategic goals regarding installed capacity.
There is a positive outlook on the profitability of offshore projects due to a more balanced market and better negotiating positions.
PGPKY has implemented a successful voluntary leaving program, providing significant compensation to employees.
The company is actively pursuing energy storage facilities, with two projects underway and potential for acquisitions.

Negative

Polska Grupa Energetyczna SA (PGPKY) faces a multi-billion operational loophole in the coal sector, with many units not being profitable.
There is uncertainty about the future of the power market and the need for coal and gas operations.
The company experienced an 18% drop in volume, which is not a one-time occurrence and poses a challenge.
Fixed costs and overheads are problematic, especially as the power market support ends.
There is a need for government support to maintain operational units until nuclear power plants are operational.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PGE.WA - PGE Polska Grupa Energetyczna SA
Q1 2026 PGE Polska Grupa Energetyczna SA Earnings Call
May 27, 2026 / 08:00AM GMT

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Presentation
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Whose members could be active participants of the market, check search solutions that could change the situation. I do not know what your question concerning Picasso was about. If these are technical aspects, we will probably have to come back to you with a reply.

There's a comment that's off the mic, so we cannot hear it.

Like I said just a minute ago this knowledge is there in PSE and the market stakeholders are aware of that.

I do not know openly I can tell you to what extent this element concerning the basic function of the balancing market to what extent this is taken on board but we can check that and get back to you.

Thank you very much.

Yes, Yenzi, Stahora

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