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Grupa Azoty Zaklady Azotowe Pulawy SA

Grupa Azoty Zaklady Azotowe Pulawy SA

GGPW:ZAP
43.40
PLN
-0.30
(-0.69%)
-10.59EPS
944.28MMarket Cap
Grupa Azoty Zaklady Azotowe Pulawy SA
GPW:ZAP
(Warsaw Stock Exchange)

Recent

price

43.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
150.79
207.49
203.26
189.69
- -
199.12
175
182.63
187.18
187.47
167.74
287.15
465.54
230.16
182.09
203.84
199.19
Revenue per Share
14.62
31.42
20.41
10.87
- -
23.44
14.24
12.73
3
15.83
11.29
10.96
15.2
-32.52
-19.26
-18.73
-10.64
Basic EPS, GAAP
6.44
26.88
6.15
2.08
- -
22.45
14.32
6.04
-5.99
12.1
-0.3
58.92
95.96
103.74
117.55
154.22
144.34
Free Cash Flow per Basic Share
1
3.67
9.41
10.38
- -
7.03
10.5
8.58
4.46
1.77
5.45
0.01
6.6
- -
- -
- -
- -
Dividend per Share
100.1
127.91
138.95
139.26
141.99
158.68
165.63
169.42
167.92
181.57
187.14
198.73
207.26
174.63
155.84
137.03
134.19
Book Value per Share
97.32
125.23
136.57
136.95
139.45
155.89
162.84
166.53
165.26
178.96
184
195.28
201.67
171.62
152.51
133.3
130.39
Tangible Book Value per Share
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
Basic Weighted Avg Shares
2,882
3,966
3,885
3,627
- -
3,806
3,345
3,491
3,578
3,584
3,206
5,489
8,899
4,400
3,481
3,896
3,807
Sales/Revenue/Turnover
11.37
16.47
10.9
6.08
- -
12.92
9.36
9.18
1.91
11.07
6.7
7.44
8.97
-15.21
-6.09
-1.24
-2.74
Operating Margin (%)
86
114
125
149
- -
165
187
196
213
244
245
253
253
260
270
293
284
Depreciation Expense
279
601
390
208
- -
448
272
243
57
303
216
210
291
-622
-368
-358
-203
Net Income, GAAP
16.52
12.41
15.1
14.97
- -
13.03
16.59
21.7
27.2
19.98
20.09
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
9.69
15.14
10.04
5.73
- -
11.77
8.14
6.97
1.6
8.45
6.73
3.82
3.27
-14.13
-10.58
-9.19
-5.34
Profit Margin (%)
558
895
911
830
807
1,040
1,024
909
628
817
355
65
462
-445
-999
-1,242
-1,269
Working Capital
2
32
51
4
5
- -
4
2
222
193
179
191
201
193
188
277
268
LT Debt
1,927
2,460
2,671
2,677
2,729
3,040
3,168
3,239
3,209
3,468
3,576
3,798
3,962
3,338
2,979
2,621
2,566
Total Equity
15.23
25.92
13.74
7.2
- -
14.89
8.02
7.25
1.22
8.12
5.83
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
15.58
27.27
14.96
7.66
- -
15.57
8.81
7.61
1.82
8.6
6
- -
- -
- -
- -
- -
- -
Return on Capital (%)
15.67
27.56
15.3
7.82
- -
15.59
8.78
7.6
1.78
9.06
6.13
5.68
7.49
-17.03
-11.66
-12.79
-7.63
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
114
121
127
LT Borrowings
42
39
37
LT Finance Leases
235
231
231
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
19
19
Market Capitalization
963
925
944

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,652
2,400
2,182
Cash, Cash Equivalents & STI
468
570
347
Accounts Receivable, Net
212
943
934
Inventories
417
396
398
Total Current Liabilities
2,894
3,579
3,451
Payables & Accruals
- -
- -
- -
ST Debt
114
121
127
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.13%
-5.6%
-12.04%
Free Cash Flow
-2,049.7%
-3,959.86%
31.2%
Net Income, GAAP
-4.81%
-64.34%
-2.76%
Sales/Revenue/Turnover
5.82%
14.76%
11.94%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
902
854
827
898
3,481
2025
1,100
962
845
989
3,896
2026
1,137
837
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-7.63
-9.96
-7.73
6.06
-19.26
2025
-4.61
-6.33
-0.97
-6.82
-18.73
2026
1.43
-4.28
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Grupa Azoty Zakłady Azotowe Puławy SA (ZAP.WA), a leading Polish producer of nitrogen fertilizers and chemicals founded in 1960 and headquartered in Puławy, manufactures and sells a range of fertilizer products including ammonium nitrate under the PULAN and PULAN MACRO brands, urea-ammonium nitrate solutions under the UAN and UAN+S names, ammonium sulphate under the PULSAR brand, PULASKA nitrogen-sulphur fertilizer solutions, and urea-ammonium sulfate under the PULGRAN S name; chemical products such as melamine, caprolactam, hydrogen peroxide, nitric acid, anhydrous ammonia, compressed hydrogen, liquefied carbon dioxide, COOLANT dry ice, LIKAM ammonia water solutions, NOXy urea solutions for automotive use, and PULNOx emission control agents; as well as ancillary items like plastic bags and films. The company operates primarily in the Agro segment producing nitrogen, phosphate, and compound fertilizers such as superfosfat and amofoska, alongside sales of feeds, grains, and crop protection chemicals, and serves the chemical industry with monomers and technical gases, targeting agricultural, industrial, automotive, and power generation customers worldwide with exports to over 100 countries. As a subsidiary of Grupa Azoty SA, it maintains significant stakes in group entities including Grupa Azoty Zakłady Azotowe Chorzów (96.48%), Grupa Azoty Polyard (94.61%), and others in Gdańsk, Puławy, and surrounding areas. Recent developments include the Management Board of parent Grupa Azoty SA signing an integration agreement among group companies in November 2024 to enhance operational synergies, alongside ongoing strategic expansions into low-emission ammonia supply chains, logistics modernization, and a new Defence Chemicals segment to meet domestic defense needs.