Titan Cement International N.V.

Latest Results (05.10.2025):

Titan Cement International N.V. announced its second quarter and first half of 2025 financial results, showcasing increased profitability supported by solid sales performance across key markets. Despite facing challenges such as adverse weather conditions and divestments, the company maintained growth through strategic investments and operational efficiencies.

Sales Performance

In the first half of 2025, Titan Cement International N.V. reported sales of €1,328.6 million, a 0.4% increase year-over-year (YoY). This growth was driven by strong performances in the US, Greece, and Egypt, supported by sustained volumes and pricing, despite adverse weather impacting certain regions.

EBITDA Growth

EBITDA for H1 2025 grew by 2.0% YoY to €286.9 million. The margin resilience was attributed to effective cost management and operational efficiencies, even as the second quarter saw EBITDA of €164.3 million impacted by maintenance stoppages in the US.

Net Profit After Taxes (NPAT)

NPAT for the first half of 2025 reached €68.4 million, reflecting a decrease of 54.0% compared to the previous year. This decline was primarily due to a one-off loss from the sale of cement operations in Eastern Türkiye and increased depreciation and tax costs.

Divestments and One-Off Impacts

The completion of the divestment of Titan Cement International N.V.'s stake in Adocim, Türkiye, on May 19, 2025, resulted in a one-off impact of €51.9 million. This included €39 million in net foreign exchange losses reclassified through the profit and loss statement.

Liquidity and Financial Position

Titan Cement International N.V. maintained a strong liquidity position with net debt standing at €137 million and a debt leverage ratio of 0.2x EBITDA. This was bolstered by proceeds from the IPO of Titan America and the divestment of Adocim.

Dividends and Share Buyback

The company paid a total dividend of €3 per share to all shareholders on July 3, 2025, and launched a new €10 million share-buyback program on July 1, 2025, following the conclusion of the previous program.

Capital Expenditures (CapEx)

High CapEx of €127 million was strategically invested in improving the energy mix, adopting new technologies, enhancing sustainability initiatives, and expanding storage capabilities to support the company’s growth plans.

Growth Strategy and Innovations

Titan Cement International N.V. advanced its 2026 Growth Strategy by forming partnerships in alternative cementitious materials, acquiring additional aggregate quarries in Greece, and investing €25 million in the start-up ecosystem through its Venture Capital Fund. The company also enhanced efficiencies by implementing AI-driven Real-Time Optimizers across six production plants.

Sustainability Achievements

Specific CO₂ emissions decreased by 18 kg from 618 kg/t to 600 kg/t cementitious and thermal substitution rate reached a new high of 22.6%. Titan Cement International N.V. was recognized as one of Europe’s Climate Leaders by the Financial Times and ranked 150th globally in TIME’s list of the World’s Most Sustainable Companies.

Outlook

The outlook for the remainder of 2025 remains cautiously optimistic, supported by robust volumes, firm pricing, and ongoing efficiency gains through digitalization and decarbonization efforts.