Magnesium and zinc complexes of azaphthalocyanines (AzaPc) with eight peripheral aromatic (phenyl) or heteroaromatic (pyridyl, thienyl, furyl) substituents are studied from the point of view of their singlet oxygen (Φ Δ ) and fluorescence (Φ F ) quantum yields, and UV-vis absorption spectra. Zn complexes have higher Φ ∆ than Mg complexes by a factor of two, whereas the Mg complexes have higher Φ F than Zn complexes, also by a factor of two. Thienyl AzaPc have the highest Φ ∆ among all studied substances (0.635 for Zn complex) followed by phenyl and pyridyl derivatives. The order of Φ F values is then reversed -the highest values were reached for pyridyl and phenyl derivatives followed by thienyl AzaPc. Both furyl AzaPc were unstable towards light and decomposed giving very low Φ ∆ and Φ F . The Q-bands of the furyl and thienyl AzaPc were red-shifted for approx. 20 nm compared to phenyl and pyridyl derivatives indicating lower sterical hindrance between five-membered rings and thus allowing better conjugation of π-systems. Pyridyl-, thienyl-and furylsubstituted pyrazino[2,3-b]pyrazine-2,3-dicarbonitriles were also prepared but decomposed during attempted cyclotetramerizations.