JSW stock faces a 157,000-ton production risk

Published on 10/08/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JSW stock was trading at PLN 31.48 on October 8, 2026, as a mine incident threatened 157,000 tons of 2026 output. H1 net loss was PLN 1.04 billion.

JSW, PLJSW0000015, Illustration mit AI erstellt.

JSW stock (ISIN PLJSW0000015) was trading at PLN 31.48 on the Warsaw Stock Exchange on October 8, 2026, up 0.90 percent from the prior close. The key company event was a force majeure declaration that puts 157,000 tons of 2026 production at risk.

Mine incident puts output at risk

According to JSW on October 2, 2026, rising carbon monoxide concentrations led to the temporary sealing of a longwall at the Zofiowka Section of the Borynia-Zofiowka mine. The company anticipated a 157,000-ton production loss in 2026 and said organizational measures were being taken to limit the impact.

The incident matters because JSW is simultaneously trying to restore profitability through its 2026-2035 Remedy Program. The company operates in coking coal and coke, so production reliability is central to its revenue recovery while commodity prices remain a major earnings variable.

Losses narrow as sales improve

According to JSW in its September 29, 2026 H1 update, the net loss was PLN 1.04 billion. Q2 net loss narrowed to PLN 427.5 million from PLN 615.9 million in Q1, while sales revenue rose 7.1 percent quarter over quarter to nearly PLN 2.3 billion.

The operational picture was mixed. Q2 EBITDA excluding one-off items reached PLN 51.8 million, compared with a PLN 192.4 million loss in Q1, but H1 revenue was 5.8 percent lower year over year at more than PLN 4.3 billion. Coal production increased 4.2 percent year over year to 6.5 million tons, while coke production rose 1.1 percent to 1.4 million tons.

Analysts see downside to target

Investing.com lists a Sell consensus from 5 analysts, with an average 12-month price target of PLN 25.25, a high of PLN 42 and a low of PLN 10. The average target is below the PLN 31.48 Warsaw price, keeping the market focused on liquidity and execution rather than the improved quarterly EBITDA.

Warsaw quote stays in yearly range

JSW was trading at PLN 31.48 on the Warsaw Stock Exchange at 9:32 a.m. CEST on October 8, 2026, with a 52-week range of PLN 20.60 to PLN 39.94 and market capitalization of PLN 3.7 billion. The next earnings date listed for JSW is November 24, 2026.