The Polish Financial Supervision Authority has approved the prospectus of Niewiadów Polska Grupa Militarna, paving the way for the company to list on the Main Market of the Warsaw Stock Exchange. This is a milestone in the group’s history, which not only confirms the highest standards of transparency and corporate governance but also lays the foundation for further scaling up the production of 155 mm and 40 mm large-caliber ammunition. The transition to the regulated market is intended to facilitate the raising of substantial development capital necessary to implement the ambitious strategy of building ammunition sovereignty in Poland.
– The approval of our prospectus by the Polish Financial Supervision Authority (KNF) is a sign of the regulator’s utmost confidence in us and clear proof that Niewiadów has become a mature, transparent player in the capital market. Our debut on the Main Market of the Warsaw Stock Exchange (WSE) significantly boosts our credibility in the eyes of global investors and strategic partners in the defense sector, while also opening up broad prospects for securing financing for the next stages of our expansion. Our ambition is to become a key partner in the process of expanding the defense capabilities of Poland and NATO—not only through the mass production of 155 mm and 40 mm shells, but also through the implementation of other projects with high technological potential that will tangibly strengthen the security of the Alliance’s eastern flank. “We want Niewiadów PGM to be associated with modernity, stability, and strategic importance for the European defense industry,” emphasizes Adam Januszko, CEO of Niewiadów Polska Grupa Militarna.
Niewiadów Polska Grupa Militarna is implementing a strategic plan to build Poland’s large-caliber ammunition production capabilities. The plan will be carried out, in part, through a joint venture partnership with the Forum 119 fund (Fidera Group), which has provided PLN 310 million in financing. PLN 250 million is earmarked for the construction of a robotic 155 mm ammunition factory, which will enable production capacity of up to 180,000 rounds per year. The facility will supply NATO-standard shells for both the Polish artillery and export markets.
The remaining 60 million PLN will be allocated to the production of 40 mm ammunition, including programmable airburst projectiles being developed in collaboration with partners from Singapore. The investment includes the construction of production facilities, modern CNC machining centers, and in-house ballistic infrastructure, which will effectively make the Polish supply chain independent of external entities. Full-scale serial production at the newly established facilities is scheduled to begin in the second half of 2026.