Biznes Fakty
ZUS agreed to postpone the payment of contributions by JSW
The Social Insurance Institution has approved Jastrzębska Spółka Węglowa’s request to extend the deadline for the payment of social insurance contributions, as stated in a release issued on Wednesday. Previously, JSW submitted a request to defer receivables totaling around PLN 315 million.
„The Management Board of Jastrzębska Spółka Węglowa SA (…) announces that today the Company received a communication from the Social Insurance Institution (…) regarding the favorable consideration of the application (…). Due to internal protocols and ZUS’s decision-making practices, the Company opted to seek a deferral of approximately PLN 315 million [from the initially estimated amount of about PLN 1.3 billion], which represents 90% of the contributions for the three-month period specified in the application. As per the application and the notification received, JSW will settle the remaining 10% within the statutory deadline,” JSW disclosed in a current report on Wednesday.
JSW aims to boost production and profits shutterstock.comZUS has consented to postpone payments
The company further indicated that it will request deferral for additional amounts in future applications to ZUS. The announcement also mentions that ZUS has allowed the postponement of the payment deadline for contributions due in May 2025 to June 15, 2026, contributions for June of this year to July 15, 2026, and contributions for July 2025 to August 17, 2026.
In the first quarter, the total coal output in the JSW group reached 2.86 million tons, achieving 104.8 percent of the target for this timeframe. Coking coal production was recorded at 2.32 million tons, which is 6.4 percent above the planned figure.
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Jastrzębska Coal Company
In the initial quarter of 2025, Jastrzębska Spółka Węglowa reported a net loss of PLN 1.363 billion compared to a loss of PLN 9.7 million the previous year, with revenues reported at PLN 2.438 billion, down from PLN 3.414 billion.
The JSW Group stands as the largest producer of coking coal in the European Union and a key producer of coke.The acknowledgment of a revaluation write-down on non-financial fixed assets amounting to PLN 648 million due to the January fire at the Knurów-Szczygłowice Ruch Szczygłowice mine significantly influenced JSW’s financial results.
The adjusted EBITDA loss (excluding one-off events) was PLN 545.5 million, compared to a profit of PLN 572 million in the corresponding period of 2024. As of the end of March, JSW’s cash reserves stood at PLN 768.6 million.
The JSW Group is recognized as the largest producer of coking coal in the European Union and a vital source of coke, an essential material in steel manufacturing. By the end of December 2024, the group employed over 32.3 thousand individuals; within JSW itself, there were more than 21.3 thousand employees.
