At 122.6 million euros the profits Ebitda of her Titan In the first quarter of 2025, recording a significant increase of 11.7%, thanks to stable performance in the US, Greece and Egyptian markets.
According to the announcement of the results of the first quarter of Titan, a dividend of 3 euros per share is expected to be approved, while pre -tax profits increased by 2.9%to 66.6m euros.
More specifically, the announcement:
“Titan SA (Euronext Brussels, Euronext Paris and Athex,” Titc “) announces the brief financial results of the first quarter of 2025
Main first quarter performance elements 2025
- The year has begun positively, with increased sales of 2.4% to € 638.4 million, thanks to stable prices, stable cement volumes and increased volumes in other basic products, despite adverse weather conditions in the US and Southeast Europe.
- EBITDA profits increased significantly by 11.7% to € 122.6 million, thanks to stable performance in the US, Greece and Egyptian markets as well as investments that enhanced operational efficiency.
- Profit pre -tax profits increased by 2.9% to EUR 66.6 million while profits after minority taxes and rights declined, due to EUR 4.2 million, which are € 7 million of Titan America and increased tax burdens of EUR 7 million.
- The lending index was set at low levels of 0.5x reinforced and from the funds raised after Titan America’s initial public bid (IPO).
- In February 2025, the introduction of Titan America on the New York Stock Exchange (NYSE) was completed. A $ 393 million was drawn in gross and the minority shareholder corresponds to 13.3% in Titan America.
- Completion of redemption of aggregate quarry in Greece in April 2025 and new collaboration for complementary cementitious materials in India.
The sale of the group (75%) of the Group to Adocim (eastern Turkey) is expected to be completed during the summer of 2025.
The Board of Directors It approved a new € 10m equity market program with a start of July. The annual General Meeting is expected to approve a dividend of EUR 3 per share (including a dividend of 2 euros), which will be paid on July 3, 2025.
The Extraordinary General Assembly approved the renaming of ‘Titan Cement International SA’ to ‘Titan SA’ and the change of e -address to ‘Titanmaterials.com’, as part of the rapid progress of the strategy 2026 and the presentation of a new corporate identity, purpose and values, as announced in 2024.
For the second consecutive year, Titan was recognized as one of the leading companies in Europe leading the initiatives to tackle climate change, according to the fifth edition of the list published by the Financial Times.
We remain moderately optimistic about the rest of 2025, despite the macroeconomic climate of uncertainty worldwide. Our presence in markets with high growth levels enhances the continued increase in sales and expanding profit margins.
TITAN Group – Overview of the First Trimester
In the first quarter of 2025, the Group recorded a significant increase in sales thanks to constant prices while price increases in some countries were applied. Demand for the group’s secondary products has maintained its potential, with sales of aggregate materials increasing by 18% and ready -made concrete by 6%, while cement sales were kept at the same level.
The adverse weather conditions in the first quarter in the US and in Southeast Europe have adversely affected sales in these geographical areas. However, strong performance in Greece and the significant increase in exports of cement from Egypt have worked compensors at the Group level.
Group sales rose by 2.4% compared to the first quarter of 2024 and stood at € 638.4 million, although in the first quarter of the year our industry is generally low demand. In addition, thanks to functional efficiency, EBITDA profits rose by 11.7% compared to the corresponding period last year and stood at € 122.6 million, while all geographical areas rose except Southeast Europe. EBITDA profits were strengthened, mainly thanks to strong performance in Greece and the US.
In Greece, profitability has benefited from increased demand and higher prices, while in the US, the dedication to functional efficiency, the completion of major strategic investment, and the time differences in scheduled maintenance have helped to expand profit margins and improve profitability.
In Southeast Europe, sales were lower than last year, due to adverse weather conditions and the particularly high first quarter of 2024, which had benefited from an unusual mild winter. In the eastern Mediterranean, Egypt has recorded a significant improvement, as reflected in the increase in both domestic sales and exports, while Turkey was negatively affected by hyperinflation and increased taxation.
Pre -tax profits increased by 2.9%, despite the higher depreciation and the cost of hyperinflation. Net profit after tax and minority taxes declined by € 8.7 million as a result of increased minority profits in Titan America and significantly higher taxation in the Eastern Mediterranean.
Investment costs have also been maintained this quarter at high levels of € 52.5 million, respectively to the previous year, as a result of our ongoing investments for sustainable growth. Investments focused on the increasing use of renewable energy in all our geographical areas of activity, the integration of cementitious and alternative materials into the supply chain, as well as in preparatory work on the Greek carbon dioxide binding and storage project.
In February 2025 we announced the establishment of a consortium in India, with the aim of securing, processing, marketing and distributing complementary cementitious materials on a global scale. In March 2025, we announced the acquisition of a new aggregate quarry in Thessaly, enhancing our available stocks. It was preceded in 2024, the acquisition of aggregate quarries in Attica and the finalization of a long -term trade agreement in the Prefecture of the Peloponnese, which also secured additional stocks.
An important milestone of the first quarter was the successful completion of Titan America’s original public bid (IPO) on the New York Stock Exchange (NYSE) in February 2025, thanks to which the group raised mixed funds of $ 393 million. On March 11, 2025, the common shares of Titan America, owned by the Group, amounted to 86.7% of all common shares. In February 2025, the group also announced the sale of its share (75%) to Adocim in eastern Turkey. After the transaction, which is expected to be completed during the summer of 2025, the group will receive a total of $ 87.5 million in cash.
Since May 5, 2025, following the approval of the Extraordinary General Assembly, the Titan Cement International SA, the parent company, was renamed “Titan SA”, adopting a brand that is more aptly reflecting on the wider and lighter group. Sustainable development and the creation of value -added products and solutions aimed at a sustainable future. In addition, the name of the company’s website changed to “www.titanmaterials.com”.
In the first quarter of 2025, free cash flow amounted to 10 million euros, while the Group’s net lending stood at € 280 million at the end of March 2025, compared to EUR 622 million at the end of 2024, thanks to the funds raised through the original public bid (IPO).
It is proposed at today’s annual AD-HOC General Assembly increase of the annual dividend by EUR 2.00 per share, setting the total dividend to 3.00 euros per share, with the payment of the dividend set for July 3, 2025.
Finally, the Board of Directors, at the meeting of 7 May 2025, decided to hold a new program of buying up to € 10 million, which will begin after the end of the existing program at the end of June 2025, and is estimated to be completed by 31 March 2026.