JSW stock stabilizes as coal group works through heavy losses

Published on 09/02/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JSW stock is trading steadily after heavy losses in 2025 and a weak start to 2026, with investors watching how Poland’s coking coal producer navigates volatile coal prices and restructuring efforts.

JSW, PLJSW0000015, Illustration mit AI erstellt.

JSW stock, tied to Poland’s leading coking coal producer Jastrzebska Spolka Weglowa (ISIN PLJSW0000015), is trading around 14.19 Polish zloty as of September 2, 2026, according to market data, leaving the share broadly unchanged over the past five sessions.

Loss-heavy 2025 and weak Q1 2026

According to an in-depth analysis of JSW published on September 2, 2026, the company closed fiscal year 2025 with revenue of 9.41 billion Polish zloty but a net loss of 6.25 billion Polish zloty, reflecting a deeply loss-making year despite substantial sales volumes.

The same analysis shows that in fiscal 2025 JSW reported negative EBITDA of 4.99 billion Polish zloty and a gross loss on sales of 2.21 billion Polish zloty, underscoring the pressure from lower coal prices and high costs compared with previous profitable years.

For Q1 2026, JSW generated revenue of 2.10 billion Polish zloty but again posted a net loss of 615.9 million Polish zloty, with EBITDA negative at 238.6 million Polish zloty and a gross loss on sales of 286.5 million Polish zloty, highlighting that the operating picture has not yet improved meaningfully versus the 2025 outcome.

Segment performance and recent price context

The same Q1 2026 breakdown indicates that JSW’s mining segment recorded an operating loss of 414.8 million Polish zloty, while the coke segment also remained loss-making, with segment EBITDA at minus 197.4 million Polish zloty, signaling that no major business line was shielded from the downturn.

Historically, the article notes that by August 2026 the share price had rebounded significantly from earlier lows, with trading data for August 31, 2026 showing JSW closing at 32.93 Polish zloty, up 2.91 percent on the day, illustrating a strong recovery phase compared with the current level near 14.19 Polish zloty.

Go deeper

More on JSW fundamentals and price history

For investors who want to understand JSW stock beyond the latest snapshot, the following overview pages offer longer-term charts and access to detailed financial statements and regulatory filings.

All JSW reports and news Investor Relations

Coking coal as a core product

JSW’s core business centers on the production of coking coal, a key raw material for steelmaking, with the group operating mines and coke plants that supply European and global steel producers under long-term contracts and spot sales.

Stock level and investor perspective

With JSW stock quoted at about 14.19 Polish zloty as of September 2, 2026 on international trading platforms, the share currently trades far below the historical level of 32.93 Polish zloty recorded on August 31, 2026, which frames the recent consolidation as a notable pullback from the summer recovery phase.