Profil:
PGE SAPGE power reports PLN 9.1 bln loss in balance sheet value of selected tangible fixed assets
The test results indicate a loss in the balance sheet value of selected tangible fixed assets of listed power utility PGE group companies in the amount of approximately PLN 9.1 billion (EUR 2.14 bln), PGE announced in a market filing.
According to PGE, this includes approximately PLN 8.7 billion (EUR 2.05 bln) in the conventional energy segment and approximately PLN 0.4 billion (EUR 94 mln) in the renewable energy segment.
At the same time, the work identified the need to reduce the value of deferred tax assets (in accordance with IAS 12) in the conventional energy segment by approximately PLN 2.5 billion (EUR 587.75 mln).
The above events will reduce the gross result of the PGE capital group for the first half of 2025 by approximately PLN 9.1 billion (EUR 2.14 bln), and the net result by approximately PLN 11.6 billion (EUR 2.73 bln).
The figures presented are estimates and may be subject to change.
PGE will present the final figures in the consolidated financial report for the first half of 2025, which is to be reviewed by a statutory auditor.
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