Within 15 years of the stock exchange debut, Polskie Górnictwo Naftowe i Gazownictwo more than tripled its revenues and is the second largest company in terms of capitalisation listed in Warsaw. The return on investment in PGNiG shares from the moment of the public offering exceeded 90 percent.
PGNiG proves that it is possible to combine concern for the country's energy security with the increase in the value of the company for shareholders. We consistently pursue both of these goals and we are successful in both fields. The company diversifies the sources of gas supply, boldly enters new segments of the energy market, and at the same time cares about its financial stability and shares the profit with shareholders - commented Jerzy Kwieciński, the president of the management board of PGNiG SA.
PGNiG made its debut on the Warsaw Stock Exchange on September 23, 2005.
The company immediately entered the WIG20 index of the largest companies, and its capitalization on the first day of trading amounted to PLN 22.5 billion. Fifteen years later, the market is valuing PGNiG for PLN 26.8 billion, so PLN 4 billion more than on the day of its debut (capitalization of the company at the close of trading on September 22, 2020).
During that time, PGNiG's revenues increased more than threefold - from PLN 12 billion to PLN 42 billion, and the cumulative net profit amounted to PLN 28.4 billion, of which PLN 10.4 billion went to shareholders in the form of dividends.
Taking into account the increase in the company’s valuation and the amount of dividend paid by it – the return on investment in PGNiG shares purchased in a public offering after 15 years equals 92 percent.
Today, in terms of capitalization, PGNiG ranks second on the WSE and is the highest valued industrial company. On August 20, 2020, the PGNiG Group published record results for the second quarter and the first half of the year. In terms of EBIT and EBITDA, which in the first half of the year amounted to PLN 7.65 billion and PLN 9.35 billion respectively – these were the best six-month results ever published by a Polish company listed on the WSE.
- PGNiG shares are simply a good investment - summed up Jerzy Kwieciński. -
I would like to thank the shareholders and investors for their trust and commitment to us
development of the PGNiG Group. I hope that investments in the company's stock will continue
bring you tangible benefits - said President Kwieciński in a commemorative video published on the company's on social media profiles.