Grupa Azoty Zaklady Azotowe Pulawy SA Net Assets

Latest as of March 2026: zł2.65 Billion PLN ≈ $728.77 Million USD

Grupa Azoty Zaklady Azotowe Pulawy SA net assets. Based on the latest financial reports, Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP) has net assets worth zł2.65 Billion PLN (≈ $728.77 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł6.75 Billion ≈ $1.86 Billion USD) and total liabilities (zł4.11 Billion ≈ $1.13 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how fast is Grupa Azoty Zaklady Azotowe Pulawy SA growing its equity to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł2.65 Billion
% of Total Assets	39.2%
Annual Growth Rate	4.03%
5-Year Change	-29.15%
10-Year Change	-13.28%
Growth Volatility	10.06

Net Assets of Grupa Azoty Zaklady Azotowe Pulawy SA (2004–2025)

Net assets of Grupa Azoty Zaklady Azotowe Pulawy SA from 2004 to 2025. This chart illustrates how Grupa Azoty Zaklady Azotowe Pulawy SA's net assets have evolved over time, based on quarterly financial data. See ZAP equity financing ratio to measure how much of total assets are equity-financed.

Annual Net Assets for Grupa Azoty Zaklady Azotowe Pulawy SA (2004–2025)

The table below shows the annual net assets of Grupa Azoty Zaklady Azotowe Pulawy SA from 2004 to 2025. For live market cap and overall valuation, see ZAP market cap.

Year	Net Assets	Change
2025-12-31	zł2.69 Billion ≈ $740.60 Million	-9.68%
2024-12-31	zł2.98 Billion ≈ $819.96 Million	-10.75%
2023-12-31	zł3.34 Billion ≈ $918.72 Million	-15.75%
2022-12-31	zł3.96 Billion ≈ $1.09 Billion	+4.32%
2021-12-31	zł3.80 Billion ≈ $1.05 Billion	+6.20%
2020-12-31	zł3.58 Billion ≈ $984.30 Million	+3.14%
2019-12-31	zł3.47 Billion ≈ $954.36 Million	+8.07%
2018-12-31	zł3.21 Billion ≈ $883.08 Million	+0.47%
2017-12-31	zł3.19 Billion ≈ $878.93 Million	+2.92%
2016-12-31	zł3.10 Billion ≈ $854.02 Million	+2.07%
2015-12-31	zł3.04 Billion ≈ $836.68 Million	+11.41%
2014-12-31	zł2.73 Billion ≈ $751.02 Million	+1.93%
2013-12-31	zł2.68 Billion ≈ $736.79 Million	+0.22%
2012-12-31	zł2.67 Billion ≈ $735.14 Million	+8.60%
2011-12-31	zł2.46 Billion ≈ $676.93 Million	+26.55%
2010-12-31	zł1.94 Billion ≈ $534.91 Million	+18.15%
2009-12-31	zł1.65 Billion ≈ $452.73 Million	-6.81%
2008-12-31	zł1.77 Billion ≈ $485.82 Million	+7.91%
2007-12-31	zł1.64 Billion ≈ $450.22 Million	+6.21%
2006-12-31	zł1.54 Billion ≈ $423.88 Million	+22.68%
2005-12-31	zł1.26 Billion ≈ $345.53 Million	+6.96%
2004-12-31	zł1.17 Billion ≈ $323.03 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Grupa Azoty Zaklady Azotowe Pulawy SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 58.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Grupa Azoty Zaklady Azotowe Pulawy SA Net Assets Breakdown (December 2025)

Grupa Azoty Zaklady Azotowe Pulawy SA net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	zł51.82 Million	1.98%
Common Stock	zł191.15 Million	7.30%
Other Comprehensive Income	zł2.14 Billion	81.65%
Other Components	zł237.65 Million	9.07%
Total Equity	zł2.62 Billion	100.00%

Grupa Azoty Zaklady Azotowe Pulawy SA Competitors by Market Cap

The table below lists competitors of Grupa Azoty Zaklady Azotowe Pulawy SA ranked by their market capitalization.

Company	Market Cap
Shanghai Xintonglian Packaging Co Ltd SHG:603022	$228.86 Million
Apeejay Surrendra Park Hotels Limited NSE:PARKHOTELS	$228.93 Million
Baoding Dongli Machinery Co.Ltd. SHE:301298	$228.99 Million
Cantabil Retail India Limited NSE:CANTABIL	$229.02 Million
Zhuzhou Feilu High-Tech Materials Co Ltd SHE:300665	$228.74 Million
AC IMMUNE SA SF-02 F:IMR	$228.68 Million
CASIN Real Estate Development Group Co Ltd SHE:000838	$228.67 Million
Jiangsu Lanfeng Bio-chemical Co Ltd SHE:002513	$228.64 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Grupa Azoty Zaklady Azotowe Pulawy SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,978,889,000 to 2,619,418,000, a change of -359,471,000 (-12.1%).
Net loss of 357,308,000 reduced equity.
Other comprehensive income increased equity by 2,138,802,000.
Other factors decreased equity by 2,140,965,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł-357.31 Million	-13.64%
Other Comprehensive Income	zł2.14 Billion	+81.65%
Other Changes	zł-2.14 Billion	-81.73%
Total Change	zł-	-12.07%

Book Value vs Market Value Analysis

This analysis compares Grupa Azoty Zaklady Azotowe Pulawy SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.32x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 0.64x to 0.32x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	zł68.14	zł43.50	x
2005-12-31	zł65.68	zł43.50	x
2006-12-31	zł80.58	zł43.50	x
2007-12-31	zł85.58	zł43.50	x
2008-12-31	zł92.35	zł43.50	x
2009-12-31	zł86.06	zł43.50	x
2010-12-31	zł100.96	zł43.50	x
2011-12-31	zł127.91	zł43.50	x
2012-12-31	zł138.95	zł43.50	x
2013-12-31	zł139.20	zł43.50	x
2014-12-31	zł141.99	zł43.50	x
2015-12-31	zł158.68	zł43.50	x
2016-12-31	zł162.22	zł43.50	x
2017-12-31	zł167.03	zł43.50	x
2018-12-31	zł167.92	zł43.50	x
2019-12-31	zł181.57	zł43.50	x
2020-12-31	zł187.14	zł43.50	x
2021-12-31	zł198.73	zł43.50	x
2022-12-31	zł207.26	zł43.50	x
2023-12-31	zł174.63	zł43.50	x
2024-12-31	zł155.84	zł43.50	x
2025-12-31	zł137.03	zł43.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Grupa Azoty Zaklady Azotowe Pulawy SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -13.64%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -9.17%
• Asset Turnover: 0.64x
• Equity Multiplier: 2.31x
Recent ROE (-13.64%) is below the historical average (6.94%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	10.75%	6.21%	1.24x	1.39x	zł8.79 Million
2005	10.36%	5.90%	1.31x	1.34x	zł4.46 Million
2006	21.48%	13.21%	1.27x	1.28x	zł176.80 Million
2007	11.90%	8.12%	1.15x	1.27x	zł31.04 Million
2008	10.59%	8.36%	1.02x	1.24x	zł10.46 Million
2009	2.16%	1.73%	1.01x	1.24x	zł-128.97 Million
2010	15.37%	10.29%	1.15x	1.30x	zł103.67 Million
2011	24.56%	15.21%	1.23x	1.32x	zł355.99 Million
2012	14.69%	10.04%	1.14x	1.28x	zł124.54 Million
2013	7.81%	5.73%	1.06x	1.29x	zł-58.33 Million
2014	6.45%	4.84%	1.02x	1.31x	zł-96.40 Million
2015	14.87%	11.85%	0.99x	1.27x	zł147.59 Million
2016	8.72%	8.08%	0.84x	1.29x	zł-39.78 Million
2017	8.14%	7.44%	0.82x	1.33x	zł-59.52 Million
2018	1.78%	1.60%	0.81x	1.38x	zł-263.73 Million
2019	8.72%	8.45%	0.71x	1.46x	zł-44.43 Million
2020	6.03%	6.73%	0.58x	1.54x	zł-141.87 Million
2021	5.52%	3.82%	0.75x	1.93x	zł-170.32 Million
2022	7.33%	3.27%	1.20x	1.87x	zł-105.63 Million
2023	-18.62%	-14.13%	0.64x	2.07x	zł-955.37 Million
2024	-12.36%	-10.58%	0.53x	2.20x	zł-666.11 Million
2025	-13.64%	-9.17%	0.64x	2.31x	zł-619.25 Million

Industry Comparison

This section compares Grupa Azoty Zaklady Azotowe Pulawy SA's net assets metrics with peer companies in the Agricultural Inputs industry.

Industry Context

Industry: Agricultural Inputs
Average net assets among peers: $2,074,120,000
Average return on equity (ROE) among peers: -1.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Grupa Azoty Zaklady Azotowe Pulawy SA (ZAP)	zł2.65 Billion	10.75%	1.55x	$228.84 Million
Grupa Azoty S.A. (ATT)	$3.49 Billion	8.43%	0.53x	$454.82 Million
Grupa Azoty Zaklady Chemiczne Police SA (PCE)	$657.54 Million	-10.92%	4.12x	$239.22 Million

About Grupa Azoty Zaklady Azotowe Pulawy SA

WAR:ZAP Poland Agricultural Inputs

Market Cap

$228.84 Million

zł831.50 Million PLN

Market Cap Rank

#15834 Global

#101 in Poland

Share Price

zł43.50

Change (1 day)

-1.36%

52-Week Range

zł43.30 - zł54.60

All Time High

zł203.43