Announcing its second quarter and half year 2025 results, Titan Group said H1 2025 sales reached €1,328.6m, up 0.4% y-o-y, supported by strong performance in the US, Greece and Egypt.
It added that this was also thanks to overall sustained volumes and pricing, despite headwinds due to adverse weather in the US and in Southeast Europe.
EBITDA grew by 2.0% y-o-y to €286.9m, with margin resilience attributed to cost performance and operational efficiencies. NPAT reached €68.4m, after recording a one-off scope change (€51.9m) due to the sale of cement operations in Eastern Türkiye (Adocim), increased income attributable to minority shareholders of Titan America S.A. (€10.1m), as well as higher depreciation costs and incremental taxes.
Q2 2025 sales reached €690.2m, while EBITDA was €164.3m, impacted by the timing difference of maintenance stoppage in the US.
The divestment of the Group’s stake in Adocim, in Türkiye, was completed on May 19, 2025, resulting in a one-off impact of €51.9m (€39m in net FX losses reclassified through P&L).
Strong liquidity position with net debt at €137m and debt leverage ratio at 0.2x EBITDA, strengthened by proceeds of the IPO of Titan America and Adocim’s divestment.
Paid total dividend of €3/share to all shareholders on July 3rd. A new €10m share-buyback program was launched on July 1, 2025, following the end of a previous one.
High CapEx at €127m strategically invested in improved energy mix, new technologies, sustainability and storage expansion to support the Group’s growth initiatives.
Progressed TITAN 2026 Growth Strategy with the formation of partnerships in alternative Cementitious materials targeting beneficiation of ponded fly-ash in the UK and the development of low-carbon construction materials in EU. Completed the bolt-on acquisition of two more aggregate quarries in Greece. TITAN’s Venture Capital Fund has invested and committed €25m in total in the start-up ecosystem in building materials.
Increased efficiencies via the use of AI in cement production, having finalized the rollout of end-to-end Real-Time Optimizers (RTOs) in six Group plants.
Specific CO2 emissions declined by 18kg from 618kg/t to 600 kg/t cementitious and thermal substitution rate reached a new high of 22.6%.
TITAN Group was named one of Europe’s Climate Leaders by the Financial Times for the second year in a row and soared 158 places to rank 150th globally in TIME’s list of the World’s Most Sustainable Companies.
The outlook for the rest of the year remains cautiously optimistic, due to robust volumes and firm pricing, supported by efficiency gains through continuous investments in digitalization and fuels and product decarbonization.
