https://www.thracegroup.gr
PRESS RELEASE Friday, September 19th, 2025FINANCIAL RESULTS OF FIRST HALF OF 2025
Stable Growth with Increased Sales Volumes and Revenue (+7.3%), despite market pressures -Improved Operating Profitability in the Second Quarter of the Year
ATHEX: PLAT
Reuters: THRr.AT Bloomberg: PLAT GA
First Half of 2025 Financial Results Highlights:
Sales: €200.2 million (+7.3%), reflecting a corresponding increase in volumes sold
EBITDA: €24.3 million and Adjusted EBITDA: €22.8 million
Net Debt: €55.9 million
Distribution of Total Annual Dividend for the fiscal year 2024: €0.23 per share (gross amount)
THRACE GROUP announces the financial results for the first half of 2025.
First half of 2025 Financial Results Turnover of the first half of 2025 settled at €200.2 mil. compared to €186.5 million in the same period of the previous year, representing an increase of 7.3%, which is attributed to higher sales volumes (sold volumes increased by 7.3% in the first half of 2025, and more specifically, increased by 9.4% in the second quarter).In terms of operating profitability during the first half of 2025, Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to €24.3 million, marginally decreased by 0.9% compared to the corresponding period of 2024 (€24.5 million). In terms of adjusted EBITDA, there is, however, a slight negative variance of 6.8% compared to the first half of 2024. Specifically, in the second quarter of 2025, the Group's operating profitability amounted to €13.5 million, marking an increase of 10.1% compared to the second quarter of 2024, resulting in a reduction of the variance that had emerged in the first quarter of the year, which stood at 23.7%. Notably, this was accomplished despite the persistently low demand, particularly in the construction and agricultural sectors, and in the face of a comparative increase in the cost base, most notably higher energy costs. Specifically, at Group-level energy cost was higher by approximately €3.0 million in the first half of the year, compared to the corresponding period of the previous year.
Regarding the liquidity levels of the Group and the trading cycle of subsidiaries, there was no negative impact or change during the second quarter of the year. Specifically, the Group's Net Debt amounted to €55.9 million, showing an increase compared to the end of 2024 (Net Debt end of 2024: €34.4 million). This increase is primarily due to the rise in Net Working Capital, by approximately €14 million, as a result of increased
FINANCIAL RESULTS OF FIRST HALF OF 2025
https://www.thracegroup.gr commercial activity, driven by both volume growth and seasonal factors. Nevertheless, Net Debt remains at relatively low levels, and is expected to decrease over the coming quarters and within the next fiscal year.More specifically, the following table depicts the key financial figures of the Group during the first half of 2025 compared to first half of 2024:
CONSOLIDATED FINANCIAL RESULTS (in € thous,) | 30/06/2025 | 30/06/2024 | Change (%) |
Turnover | 200,169 | 186,484 | 7.3% |
Gross Profit | 43,236 | 42,168 | 2.5% |
ΕΒΙΤ | 10,762 | 12,027 | -10.5% |
EBITDA | 24,304 | 24,518 | -0.9% |
Adjusted EBITDA | 22,842 | 24,518 | -6.8% |
EBT | 9,907 | 10,901 | -9.1% |
Earnings after Taxes | 8,221 | 7,657 | 7.4% |
ΕΑΤ excluding NCI | 7,860 | 7,270 | 8.1% |
Basic Earnings per Share (in €) | 0.1833 | 0.1694 | 8.2% |
At the start of the second half of the year 2025, both markets and economies continue to display characteristics largely comparable to those observed in previous quarters. Inflation remains at stable levels or is slightly increasing depending on the country, interest rates remain unchanged, and raw material prices continue to be stable, reflecting subdued demand. Meanwhile, energy costs are on a declining trajectory compared to the first half of the year.
As of the date of this report, it is estimated that the Group's operating profitability (EBITDA) for the third quarter of 2025, in absolute terms, will be higher compared to the third quarter of the previous year. This indicates that the variance observed in the first quarter- and partially mitigated in the second quarter-was temporary. This development highlights the resilience and growth potential of the Group, which continues to gain market share by increasing sales volumes, while maintaining strong operating profitability.
With regard to the Group's annual profitability for the year 2025, despite the ongoing global economic uncertainty-particularly in Europe-and the potential impact of U.S. tariff policies on a global scale, the Group's Management estimates that EBITDA for 2025 will exceed that of the previous year, and may reach the levels of operating profitability recorded in 2023.
For further clarifications or information regarding the present release, please refer to the Department of Investor Relations and Corporate Announcements, tel,: + 30 210-9875081.