JSW slides as H1 results disappoint and profitability recovery lags

Jastrzebska Spolka Weglowa

23/09/2026 13:29

** Shares of Polish miner Jastrzebska Spolka Weglowa JSW.WA fall around 6% after it reported worse-than-expected preliminary half-year results
** The company reported a preliminary half-year net loss of 1.04 billion zlotys ($271 million) and an EBITDA loss of 236.5 million zlotys on Wednesday
** "The improvement in results is slower than we assumed," Erste analyst Jakub Szkopek says
** "We thought higher coking coal prices and cost savings would be reflected in the results more quickly, but that process is taking longer," he adds
** The drop puts the company’s stock on track for its worst day since April
($1 = 3.8344 zlotys)

(Reporting by Emmanuelle Serres and Rafal Nowak in Gdansk)
((Emmanuelle.Serres@thomsonreuters.com))