The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces that as a result of reviewing the technical and economic parameters of Polish and international assets of the KGHM Polska Miedź S.A. Group as at the end of the reporting period, i.e. on 31 December 2024, indications of the possibility of impairment, or indications that the impairment loss recognised in prior periods may be reduced, were identified for the following:
- Pol-Miedź Trans Sp. z o.o.,
- PeBeKa S.A.,
- Zagłębie Lubin Sp. z o.o.,
- INVEST PV 59 Sp. z o.o.,
- INVEST PV 7 Sp. z o.o.,
- INVEST PV 58 Sp. z o.o.,
- INVEST PV 40 Sp. z o.o.,
- Future 1 Sp. z o.o.,
- the Victoria Project,
As a result, pursuant to IAS 36, the Company is obliged to conduct tests for impairment as at the end of the reporting period, i.e. 31 December 2024, in order to estimate the recoverable amount with respect to the aforementioned assets.
The results of the verification of the amounts of these assets will be disclosed by the Company in a separate regulatory filing.
Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC