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The 34th Annual General Meeting of Železiarne Podbrezová, a.s. was held on 22 June at the House of Culture in Podbrezová. During the meeting, shareholders approved all agenda items, reviewed the company’s financial results for 2025, discussed the current business situation, and outlined plans for the coming period.

The General Meeting was opened by its Chairman, Martin Jakubík. Marian Kurčík, Vice Chairman of the Board of Directors and Chief Financial Officer of Železiarne Podbrezová, presented the Board of Directors’ report on the company’s business activities, assets, and financial performance for the previous year.

The year 2025 was another challenging period for the company. European industry continued to face weak economic growth, high energy prices, geopolitical uncertainty, and low investment activity. Despite these conditions, the past year can be viewed as a period of gradual stabilisation for Železiarne Podbrezová following the exceptionally difficult year of 2024.

“Nevertheless, from the perspective of Železiarne Podbrezová, last year can be regarded as a period of gradual stabilisation after the exceptionally challenging year of 2024,” said Marian Kurčík.

The report of the Supervisory Board was presented by its Vice Chairman, Jozef Marčok. During its oversight activities, the Supervisory Board identified no deficiencies in the performance of the Board of Directors and acknowledged its focus on strategic objectives, operational efficiency, and development projects.

The shareholders approved both the individual and consolidated financial statements as of 31 December 2025, the proposal for covering the loss incurred in 2025, and the appointment of the auditor for the 2026 financial statements.

The agenda also included the election of members of the Board of Directors and the Supervisory Board. Vladimír Soták and Marian Kurčík were unanimously re-elected as members of the Board of Directors, with Vladimír Soták continuing to serve as Chairman of the Board.

Jozef Marčok and Luigi Cuzzolin will continue as members of the Supervisory Board. Due to serious health reasons, the former Chairman of the Supervisory Board, Ján Banas, stepped down from his position as a member of the Supervisory Board. Ján Banas Jr. was elected as a new member, while Július Kriváň was elected as the new Chairman of the Supervisory Board.

The shareholders also approved amendments to the company’s Articles of Association.

In his closing remarks, Marian Kurčík highlighted the more favourable business development during the first months of 2026 and expressed cautious optimism for the period ahead.

“The first five months of this year have been the most favourable we have seen for quite some time. We believe that, provided no extraordinary events occur, 2026 could deliver financial results exceeding our original plan,” he said.

The 34th Annual General Meeting of Železiarne Podbrezová provided an opportunity to review a demanding period, reaffirm the stability of the company’s leadership, and express a more optimistic outlook for the future.

Author (source): Podbrezovan