What is the main business of PGE Górnictwo i Energetyka Konwencjonalna?

The main business activity of PGE Górnictwo i Energetyka Konwencjonalna focuses on production of electricity from non-renewable sources.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on August 1, 2001.

Where is the headquarters located?

The headquarters is located at: Węglowa 5, 97-400 Bełchatów.

What is the share capital?

The share capital of the company is PLN 6,450,307,050 (approx. $1.7 billion).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2025 to December 31, 2025.

How much revenue was generated?

The company reported a revenue of USD 6,281,506,529 in 2025, which is a decrease of 19.3% compared to 2024.

Is the company profitable?

No, in 2025 the company was not profitable, reporting a net loss of USD 2,920,932,195. For comparison, in 2024 the loss was USD 2,274,070,158, meaning the company increased its loss by 28.2%.

What is the largest operating cost?

The largest operating cost category falls under cost of goods and materials sold. This category amounted to USD 8,476,399,046 in 2025, representing 96% of all operating expenses.

PGE Górnictwo i Energetyka KonwencjonalnaS.A.

Q: Who is on the management board?

The management board consists of: Wiktor Adam Płóciennik (Vice President of the Management Board), Waldemar Antoni Lutkowski (Vice President of the Management Board), Jacek Wiktor Kaczorowski (President of the Management Board), Jan Michalski (Vice President of the Management Board), and Krzysztof Tomasz Mędelski (Vice President of the Management Board).

Production of electricity

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2001-08-01

Share capital

6 450 307 050,00 PLN

Registered address

Węglowa 5, 97-400 Bełchatów, Poland

Website

pgegiek.pl

Electronic delivery address

AE:PL-62622-33945-ATEEU-30

Financials

Revenue history (in bn)

Data and insights are generated automatically based on financial statements and may contain errors. This analysis is for informational purposes only and does not constitute an official assessment of the company's credibility or business advice.

Statistics

How the company ranks by revenue within its industry, region and across Poland in 2025.

Results vs industry

Revenue

This companyUSD 6.28bnMedianUSD 7.21kAverageUSD 3.98m

Net profit

This companyUSD -2.92bnMedianUSD -5.18kAverageUSD -343.34k

Operating costs

This companyUSD 8.84bnMedianUSD 16.53kAverageUSD 3.63m

Assets

This companyUSD 4.73bnMedianUSD 380.22kAverageUSD 8.00m

Industry

Bank accounts

Registered as a VAT taxpayer on 1993-07-05. Active

Bank Gospodarstwa Krajowego
94 1130 1163 0014 7114 1560 0001
PKO Bank Polski
55 1020 1026 0000 1202 0360 9310
Bank Pekao SA
75 1240 1066 1111 0011 6443 3356

Debt

No entries in the National Debtors Register (KRZ). No proceedings in KRZ

MSiG notices

48 notices recorded in the Court and Commercial Gazette (MSiG).

Publication date	Event
May 27, 2016	Shareholders' meeting convened
May 13, 2016	Shareholders' meeting convened
Apr 22, 2016	Shareholders' meeting convened
Mar 18, 2016	Shareholders' meeting convened
Nov 16, 2015	Commercial Companies Code notice

Public aid

1316 public aid cases recorded, with a total value of $3,140,586,515.

Grant date	Purpose	Gross amount	Granting body
Jul 20, 2026	Aid for generation adequacy	$4,398,054	Polskie Sieci Elektroenergetyczne S.A.
Jul 20, 2026	Aid for generation adequacy	$2,778,270	Polskie Sieci Elektroenergetyczne S.A.
Jul 20, 2026	Aid for generation adequacy	$2,762,935	Polskie Sieci Elektroenergetyczne S.A.

European Funds

8 EU budget awards (FTS) recorded, totalling $239,059,703.

Start	Project	EU co-financing	Programme
2024-07-01	101157790 - Grenmine - gravitational energy storage in the post-mine areas	$187,995	1.0.1OTH - Other actions
2021-09-01	101034022 - Atlantis - an interdisciplinary feasibility study on hybrid pumped-hydro power storage of excess energy in open-pit coal mines	$86,725	1.0.1OTH - Other actions
2020-09-01	899471 - Hycon - catalytic direct hydrothermal conversion of biomass and lignites to liquid fuels and value-added chemicals	$67,045	1.1.OTH - Others actions and programmes

Tenders

2 tenders recorded as contractor, with a total value of $5,178,189, and 519 as contracting authority.

Publication date	Subject	Amount	Contracting authority
Jun 24, 2026	Dzierżawa i eksploatacja sieci elektroenergetycznych na terenie Elektrowni Dolna Odra w podziale na 2 części: Część 1: „Dzierżawa sieci elektroenergetycznych znajdujących się na terenie Elektrowni Dolna Odra” Część 2: „Usługa eksploatacji sieci elektroenergetycznych znajdujących się na terenie Elektrowni Dolna Odra”	$4,426,497	PGE Dystrybucja S.A.
Oct 28, 2024	Dostawa wody demineralizowanej do PGE Gryfino 2050 sp. z o.o. w m. Nowe Czarnowo	$751,691	PGE Gryfino Dolna Odra sp. z o.o.

Regulatory authorisations

Authority	Type	Status
URE	Heat trading	Active
URE	Heat transmission	Active
URE	Liquid fuel trading	Active

Authorized Representatives

Wiktor Adam Płóciennik — Vice President of the Management Board

Waldemar Antoni Lutkowski — Vice President of the Management Board

Jacek Wiktor Kaczorowski — President of the Management Board

Jan Michalski — Vice President of the Management Board

Krzysztof Tomasz Mędelski — Vice President of the Management Board

Manner of representation

Joint action by two members of the management board, or by one member of the management board together with a commercial proxy, is required.

Supervisory board

Adam Żuk — Supervisory Board Member

Andrzej Jeznach — Supervisory Board Member

Damian Bartosz Bronner — Supervisory Board Member

Daniel Malicki — Supervisory Board Member

Jacek Kazimierz Fidala — Supervisory Board Member

Ownership

Owner	Shares	Share value	Stake
PGE Polska Grupa Energetyczna S.A.	645,030,705	$1,742,384,400.32	100%

Beneficial owners

6 beneficial owners recorded in CRBR.

Person	Rights
Agnieszka Teresa First (50)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Jacek Wiktor Kaczorowski (69)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Waldemar Antoni Lutkowski (65)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Krzysztof Tomasz Mędelski (53)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Jan Michalski (64)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).
Wiktor Adam Płóciennik (45)	Natural person holding a senior management position (AML Act art. 2(2)(1)(a) indent 5).

Subsidiaries

Name	Share value	Stake
RAMBsp. z o.o.	10,514,856.83 USD	100%
Eltur-Serwissp. z o.o.	9,420,448.41 USD	100%
Elmensp. z o.o.	269,854.13 USD	84.0432%

Capital group

Name	Ownership
PGE Dom Maklerski S.A	100%
PGE Obrót S.A	100%
ENESTA sp. z o.o	94.51%

Competitors

Name	Revenue	Website
Tauron WytwarzanieS.A.	$1,985,651,687.33	tauron-wytwarzanie.pl
Engie Zielona Energiasp. z o.o.	$582,635,088.65	engie-zielonaenergia.pl
Energa Elektrownie OstrołękaS.A.	$375,911,099.95	energaostroleka.pl
ZE PakS.A.	$310,871,672.53	zepak.com.pl
Energa WytwarzanieS.A.	$240,391,009.54	energa-wytwarzanie.pl
PolenergiaS.A.	$179,940,984.43	polenergia.pl
Spectech Globalsp. z o.o.	$1,756,141.62	stglobal.pl
Pfs-3sp. z o.o.	$28,026.12	polskiefarmysloneczne.pl
Volta24sp. z o.o.	$0.00	volta24.pl
Private Energy 1sp. z o.o.	$0.00	private-energy.pl

Change history

Date	Event
2021-09-09	Share capital change (6,477,850,820.00 PLN → 6,450,307,050.00 PLN)
2021-05-24	Share capital change (6,583,137,600.00 PLN → 6,477,850,820.00 PLN)
2020-01-02	Share capital change (6,530,018,520.00 PLN → 6,583,137,600.00 PLN)
2018-11-23	Share capital change (6,936,865,700.00 PLN → 6,530,018,520.00 PLN)
2015-03-13	Share capital change (6,964,382,240.00 PLN → 6,936,865,700.00 PLN)

FAQ

Last updated: 2026-06-25