TITAN Group publishes its 2024 Integrated Annual Report

TITAN Group published today its 2024 Integrated Annual Report (IAR) which outlines the company's financial, as well as environmental, social, and governance (ESG) performance.

This report marks a year of record financial performance, strong shareholder returns and a continued focus on long-term stakeholder value creation. As TITAN accelerates the execution of its Green Growth Strategy 2026, it remains steadfast in its dedication to sustainability, innovation, and customer-centric growth, setting new standards of excellence across the industry.

In 2024, TITAN achieved record financial performance, with strong revenue growth and an over-proportional increase in profitability, while further strengthening its balance sheet. This strong performance for another year underscores the Group’s ability to execute its strategy, delivering growth and resilience in an evolving and volatile market environment. The “Sustainability Statement” section in the 2024 IAR is fully aligned with the Corporate Sustainability Reporting Directive (CSRD), which was enacted by the EU this year, providing a comprehensive overview of how TITAN addresses key ESG matters, identified through a double materiality assessment[1]. TITAN is shaping a future where business success and societal progress go hand in hand, driven by its purpose: "Making the world around us a safe, sustainable, and enjoyable place to live".

The 2024 Integrated Annual Report and the independent auditor’s reports are available on TITAN Group’s website: https://www.titan-cement.com/newsroom/annualreports/

Key highlights 2024:

Distribution of dividend

Given the strong profitability achieved in 2024 and taking into account the liquidity secured through the IPO of Titan America, the Board of Directors is proposing to the Annual General Assembly of Shareholders, scheduled to take place on May 8th, 2025, a special ad-hoc increase of the annual dividend by €2 per share, to a total dividend amount of €3 per share. Combined with the running share buyback program with a total spent amount of more than €20 million in 2024, this significant dividend payout underlines the company’s continuous and strong focus on shareholder returns.

[1] The principle of double materiality assessment is a methodology used to evaluate the most significant sustainability issues in two directions: the impact of the company on the environment and society (impact materiality) and the impact of sustainability issues on the company’s financial results (financial materiality).

2EBITDA, NPAT and EPS are on a Like-for-like adjusted basis, after adjustments for non-recurring one-off costs