Profil:
Grupa Kęty SAKety metals expects 2025 CAPEX to be PLN 100 mln lower than previously assumed
Listed metals group Kety expects capital expenditure in 2025 to reach approximately PLN 230-240 million (EUR 54.2-56.54 mln), which is approximately PLN 100 million (EUR 23.56 mln) lower than previously estimated. Part of the expenditure will be deferred to next year, company representatives announced during a video conference. In 2026, CAPEX should be higher in annual terms.
"We are optimising our expenditure. We expect CAPEX to be around PLN 230-240 million, which is approximately PLN 100 million less than in the original budget guidelines," said Kety's CFO and management board member Rafal Warpechowski.
"Approximately 20-25 percent of this is permanent savings, and 70-75 percent is transfers to next year. Approximately half of the amount carried over to the next period consists of tasks that have already been contracted, but due to the calendar, the expenditure will be recognised next year," he added.
As CFO Warpechowski explained, around PLN 70 million (EUR 16.5 mln) of this amount is being deferred to the next year or is currently under analysis.
"(...) We originally assumed approximately PLN 400 million in CAPEX for next year. It seems that this level will not be exceeded, even if this year's transfer takes place. An increase compared to PLN 230 million is likely, but it will certainly not double the amount," he added.
In January-September 2025, Kety's capital expenditure amounted to PLN 164 million (EUR 38.64 mln). The group's full-year guidelines for 2025 assumes CAPEX of PLN 343 million (EUR 81 mln).
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