SEMAPA - Sociedade de Investimento e Gestao SGPS, SA

Latest Results (16.10.2025):

SEMAPA - Sociedade de Investimento e Gestao SGPS, SA announced its financial results for the first quarter of 2025, reporting a consolidated revenue of €728.1 million, reflecting a 1.8% increase compared to the same period last year. The group achieved an EBITDA of €159.5 million and a net profit attributable to shareholders of €39.6 million, despite operating in a challenging economic environment.

Strategic Investments and Growth

During Q1 2025, SEMAPA Group invested €93 million, including €35 million in equity investments. These investments align with the group's diversification and growth strategy, supporting the strategic plans of its individual subsidiaries.

Expansion through Acquisition

ETSA, a subsidiary of SEMAPA, expanded its international presence by acquiring Barna in Spain on January 22. Barna is a leading company in the Spanish market for the collection and recovery of fish by-products, enhancing ETSA's capabilities in producing high-value sustainable ingredients.

Revenue Performance

The group reported consolidated revenue of €728.1 million in Q1 2025, driven by Secil's 5.2% revenue increase and a significant 72.8% growth in Other Business. Navigator experienced a slight decline of 1.3% in revenue due to reduced sales in Printing and Writing paper and a planned shutdown of the Aveiro mill.

Profitability and EBITDA

EBITDA for the first quarter stood at €159.5 million, a decrease of 6.6% compared to Q1 2024. While Navigator's EBITDA was negatively impacted by a 13.3% decline, Secil contributed positively with a 12.0% increase, and Other Business saw a substantial 252.9% rise in EBITDA.

Strong Liquidity Position

As of March 31, 2025, SEMAPA maintained a robust liquidity position with total consolidated cash and equivalents of €393.7 million. The group's interest-bearing net debt was €1,103.4 million, demonstrating strong cash flow generation despite significant investments and dividend distributions.