Displaying items by tag: Results

Saudi Arabia: Al Jouf Cement recorded a net loss of US$17m in the first nine months of 2025, marking a 130% increase from US$7.4m in the same period of 2024. Revenues for the period rose by 6% to US$51.3m, up from US$48.4m a year earlier, according to the company’s financial statements.

In the third quarter of 2025, the company’s net loss widened by 112% year-on-year to US$6.7m, compared to US$3.2m in the third quarter of 2024. Quarterly revenues fell by 6% to US$14.5m from US$15.4m in the same period of 2024. Compared to the second quarter of 2025, net losses increased by 7%, while revenues declined by 21% from US$18.5m to US$14.6m.

Italy: Cementir Holding’s cement volumes rose by 2% and aggregates by 5%, while ready-mix concrete remained stable at -0.3% in the first nine months of 2025, compared to the same period in 2024. Revenue stood at €1.23bn, down by 0.7% from €1.24bn in the same period of 2024. Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 3% year-on-year from €296m to €287m, while profit before tax dropped by 17% year-on-year from €210m to €174m. Despite geopolitical challenges and a weak macroeconomic environment, Cementir confirmed all full-year targets.

Francesco Caltagirone Jr, chair and CEO, said “The results for the first nine months of 2025 are in line with our expectations, with the third quarter showing an improvement in cement and aggregates volumes. We are effectively managing operational challenges while continuing to pursue our strategic objectives and growth path with determination. At the same time, we are accelerating our decarbonisation projects, particularly in carbon capture and storage technologies. While awaiting potential market opportunities, we remain committed to further strengthening our financial position.”

Germany: Heidelberg Materials increased its revenue by €51m, representing 1%, year-on-year to €5.81bn in the third quarter of 2025, while its result from current operations (RCO) rose by €54m, or 5%, to €1.18bn. The company expects full-year RCO to be €3.3-3.5bn. Specific net CO₂ emissions per tonne of cementitious material are projected to decline slightly compared to 2024.

Chair of the managing board Dr Dominik von Achten said "We continued our growth trajectory in the third quarter of 2025, despite ongoing political and economic uncertainties. Our uncompromising focus on active price and cost management in all group areas contributed significantly to improving our result and further expanding our profitability in the third quarter.” He added “We remain confident about the year as a whole. Based on the business development to date, we confirm our positive outlook for 2025.”

Ireland: CRH recorded total revenues of US$11.1bn in the third quarter of 2025, up by 5% from US$10.5bn in the same period in 2024. Net income rose by 9% year-on-year to US$1.5bn, while adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 10% to US$2.7bn, supported by strong pricing, acquisitions and operational efficiencies.

The group completed nine acquisitions during the quarter with a total value of US$2.5bn.

CEO Jim Mintern said “CRH delivered a strong third quarter performance driven by favourable underlying demand, positive pricing momentum and further contributions from acquisitions.” He added “We are pleased to reaffirm net income and raise our adjusted EBITDA guidance for 2025, representing another record year for CRH. We have completed 27 acquisitions year-to-date, including the acquisition of Eco Material Technologies. Looking ahead to 2026, we expect favourable market dynamics and the continued execution of our strategy to underpin another year of growth and shareholder value creation.”

Greece: Titan Group recorded sales of €684m in the third quarter of 2025, up by 3% year-on-year, supported by growth across all regions. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 20% to €187m, driven by firm pricing, cost management and operational improvements.

In Greece, sales and EBITDA grew strongly, supported by double-digit volume increases across product lines amid continued construction market expansion. In the US, improved market conditions and favourable weather helped raise cement, ready-mix, aggregates and fly ash volumes, while sustained pricing strength delivered higher sales and EBITDA in dollar terms. Southeast Europe also recorded strong growth, with higher cement volumes and firm pricing reversing the softer performance seen earlier in the year. In the Eastern Mediterranean, Egypt accounted for most of the region’s revenue and profitability following the sale of Adocim in Türkiye in May 2025, posting strong domestic and export sales.

For the first nine months of 2025, Titan’s sales rose by 1% year-on-year to €2.01bn, while EBITDA grew by 8% to €473.6m (+13% when adjusted for the Adocim sale and currency effects). Domestic cement volumes totalled 13.2Mt, up by 2%.

Ukraine: PrJSC Mykolaivcement recorded a 1.9-fold rise in net profit to US$10.9m between January and September 2025 compared to the same period in 2024. Income from ordinary activities grew by 34% year-on-year to US$45.6m, while gross profit rose by 48% to US$17m. Retained earnings fell by 81% to US$2.6m. In the third quarter of 2025, the company produced 204,500t of cement worth US$12.5m and sold 210,700t for US$20m.

Mykolaivcement said its operations were affected by martial law, exchange rate fluctuations and reduced construction activity due to the political and economic situation in the country. The company cited labour shortages, slow economic recovery and geopolitical instability as continuing challenges.

India: Ambuja Cements recorded a profit after tax of US$259m in the second quarter of the 2026 financial year (FY2026), which runs from July to September, up from US$55.8m in the same period of the 2025 financial year. Revenue from operations rose by 18% year-on-year, from US$850m to US$1.03bn.

CEO Vinod Bahety said “This quarter has been noteworthy for the cement industry. Despite the headwinds from prolonged monsoons, the sector will benefit from the tailwinds of several favourable developments including GST 2.0 reforms, the Carbon Credit Trading Scheme (CCTS), and the withdrawal of coal cess (tax). We have upped our FY2028 target capacity by 15Mt/yr, from 140Mt/yr to 155Mt/yr. This increase of 15Mt/yr from debottlenecking initiatives will come at a much lower capex of US$48/t.”Bahety said that debottlenecking of plant logistics infrastructure will also increase the utilisation of the company’s existing capacity of 107Mt/yr by 3%.

US: Eagle Materials reported ‘record’ revenues of US$639m for the second quarter of the 2026 financial year, ending on 30 September 2025. Net earnings were US$137m and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$233m. Cement revenues, including joint venture and intersegment sales, rose by 9% to US$385m, while operating earnings increased by 3% to US$120m, partially offset by lower cement prices. Cement sales volumes grew by 8% to 2.2Mt.

President and CEO Michael Haack said “Eagle's portfolio of businesses continued to perform well during the quarter, generating record revenues of $639m. Our cement sales volume was up by 8% as demand remained strong, driven primarily by federal, state and local spending on public infrastructure projects and continued elevated spending across private non-residential construction end markets.”

He added “We enter the second half of fiscal 2026 well-positioned to capitalise on near-and-longer-term growth opportunities, including the future recovery of the housing market, given our strong balance sheet and continued investments in upgrading our assets and network. During the second quarter, we continued to make good progress on modernising and expanding our Mountain Cement plant, and the project remains on time and within budget. This investment will lower the plant's cost structure, improve its reliability and expand its production capabilities, which will strengthen our already low-cost competitive position.”

Spain: Molins recorded a net profit of €141m in the first nine months of 2025, down by 8% year-on-year, mainly due to the depreciation of the Mexican and Argentine currencies. On a like-for-like basis, net profit rose by 3% compared with the corresponding period in 2024. Revenues were €1bn, 2% lower than the same period last year, but up by 7% at constant exchange rates, driven by selling price adjustments amid slowing demand and global uncertainty. Earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled €263m, down by 4%, but up by 6% at constant currencies, supported by higher operating efficiency and favourable pricing effects. The company also achieved one of its 2030 Sustainability Roadmap goals, reducing its clinker factor below 67%, placing it ahead of its 2030 target.

Saudi Arabia: City Cement recorded a 6% year-on-year fall in net profit to US$25.8m in the first nine months of 2025, down from US$27.5m in 2024. This was despite a 7% rise in revenues to US$103m from US$96.5m.

In the third quarter of 2025, the company’s net profit dropped by 74% year-on-year to US$2.3m from US$9m, while revenues fell by 26% to US$25.8m from US$34.8m. Quarter-on-quarter, profit declined by 76% from US$9.7m in the second quarter of 2025, with revenues down by 31% from US$37.3m.