On Monday, March 30, 2026, the Polish Financial Supervision Authority (KNF) approved Niewiadów Polska Grupa Militarna’s prospectus, clearing the way for the company to list on the Main Market of the Warsaw Stock Exchange (GPW).
Photo: Niewiadów Polska Grupa Militarna
This is a milestone step in the group’s history that not only confirms the highest standards of transparency and corporate governance, but also lays the foundations for further scaling up the production of 155 mm and 40 mm ammunition. Moving to the regulated market is expected to make it easier to raise the broad development capital needed to implement an ambitious strategy for building ammunition sovereignty in Poland.
“The approval of the prospectus by the KNF is, for us, a signal of the highest level of trust from the regulator and clear proof that Niewiadów has become a mature and transparent player on the capital market. A debut on the WSE Main Market will significantly enhance our credibility in the eyes of global investors and strategic partners in the defense sector, while also opening up broad opportunities to secure financing for the next stages of expansion. Our ambition is to become a key partner in the process of expanding the defense potential of Poland and NATO, not only through the mass production of 155 mm and 40 mm rounds, but also through the implementation of other projects with high technological potential that will materially strengthen security on the Alliance’s eastern flank. We want Niewiadów PGM to be associated with modernity, stability, and strategic importance for the European defense industry,” emphasized Adam Januszko, CEO of Niewiadów Polska Grupa Militarna.
Niewiadów Polska Grupa Militarna is carrying out a strategic process aimed at building Poland’s domestic capacity to produce large-caliber ammunition. The implementation of this plan will be possible, among other things, thanks to a joint venture partnership with Forum 119, part of the Fidera Group, which has provided financing of 310 million PLN. Of that amount, 250 million PLN is being allocated to the construction of a robotic 155 mm ammunition factory, which will enable production capacity of up to 180,000 rounds per year. The plant will supply NATO-standard shells both for Polish artillery and for export markets.
The remaining 60 million PLN will support the production of 40 mm ammunition, including programmable airburst rounds being developed with partners from Singapore. The investment includes the construction of production halls, modern CNC machining centers, and dedicated ballistic infrastructure, which will materially reduce the Polish supply chain’s dependence on external entities. Full-scale serial production at the newly built facilities is planned for the second half of 2026.”
KNF zatwierdziła prospekt emisyjny Niewiadów Polska Grupa Militarna S.A. – kolejny krok w kierunku Głównego Rynku GPW.
Komisja Nadzoru Finansowego zatwierdziła prospekt emisyjny Niewiadów Polska Grupa Militarna S.A., otwierając spółce drogę do przejścia z rynku NewConnect na…
— Niewiadów Polska Grupa Militarna (@grupaniewiadow) March 30, 2026
See also:
- Niewiadów Polska Grupa Militarna partners with Czech company Explosia
- Northrop Grumman and Elaboracja Niewiadów Strengthen Artillery Ammunition Production and Commercialization Capabilities in Europe
- Northrop Grumman and Elaboracja Niewiadów reach agreement on 155 mm ammunition production
- The Polish Grupa Niewiadów-PGM, together with WITU, will develop technology for the production of 155 mm ammunition
- Poland: Grupa Niewiadów secures 250 million PLN for strategic project
- The construction of a 155 mm ammunition factory in Niewiadów