KGHM Polska Miedz S.A. (KGHPF) Q1 2026 Earnings Call May 14, 2026 6:00 AM EDT
Company Participants
Remigiusz Paszkiewicz – CEO & President of the Management Board
Piotr Krzyzewski – Vice President of the Management Board of Finance
Anna Sobieraj-Kozakiewicz – VP of Management Board & Deputy CEO for Foreign Assets
Zbigniew Bryja – Vice President of Management Board & Deputy Chairman for Development
Janusz Krystosiak – Director of Investor Relations Department
Presentation
Operator
Ladies and gentlemen, welcome to the conference devoted to discussing the results of the KGHM Group for the first quarter of 2026. The results are going to be presented by Mr. Remigiusz Paszkiewicz, President of the Management Board; Janusz Krystosiak, Director of the Investor Relations department. I would like to tell you that our conference is transmitted online. And during the second part, we’ll have a Q&A. [Operator Instructions] I’d like to welcome you all, and I would like to welcome all our online audience.
Remigiusz Paszkiewicz
CEO & President of the Management Board
Ladies and gentlemen, well, let me start with the following statement. We know the figures very well. We know the results of the entire KGHM Group. For the first quarter, I would like to discuss several aspects of these results, especially the macroeconomic environment in which we obtained record high, very good results that we have not witnessed for even a decade of our activity. As far as the economic factors go, I would like to say that we did have very high levels of volatility and lack of stability in the market. We have not faced that since 2008. New war that affected the prices of energy factors, especially gas. Additionally, uncertainty regarding further paid activities regarding the change of the Chief of this committee. And these changes also affected the prices of the American dollar. And we know that the American dollar is the basic currency in the market of
