Titan: Positive outlook and a 400-million-euro business plan

Titan Group is entering the caller fiscal year with a 350-400 cardinal euro concern programme amid cautiously affirmative expectations.

More specifically, Titan has forecast debased income maturation and a mean summation successful EBITDA.

The absorption described its outlook arsenic affirmative but measured, noting that contempt resilient request successful cardinal markets, important uncertainties persist. These see geopolitical risks, unit from vigor costs, rising logistics expenses and supply concatenation risks. In the US, the lodging marketplace continues to beryllium weighed down by precocious owe rates.

Investments

This year’s investments will beryllium chiefly directed towards improvement projects, expanding accumulation capacity, improving logistics and further enhancing efficiency. For 2026, the Group expects resilient request successful the US, peculiarly successful infrastructure and concern construction, contempt precocious financing costs and continued weakness successful residential construction.

In Greece, absorption anticipates mean maturation successful the operation market, supported by resilient backstage request and strong nationalist investment. Housing is expected to stay robust owed to constricted supply, while nationalist infrastructure projects—alongside transport, vigor and earthy catastrophe betterment works—are acceptable to beryllium cardinal maturation drivers.

Against this backdrop, 2025 marked different year of maturation for the Group. Sales roseate by 6.4% connected a comparable ground to 2.669 cardinal euros, while EBITDA (earnings earlier interest, taxes, depreciation and amortisation) exceeded the 600 cardinal euro threshold for the archetypal time, reaching 606.1 million, up 9.3%. Net nett aft tax and number interests attributable to shareholders amounted to 236.3 million, up 7.4%, with net per stock astatine 3.2 euros. Return connected mean superior employed stood astatine 18.2%.

This show was chiefly driven by strong momentum successful Greece and Egypt, improved show successful Southeast Europe and a affirmative publication from the US, contempt the antagonistic interaction of a weaker US dollar.

Cash flow, investments and leverage besides showed strong performance. Free currency travel roseate to 504 cardinal euros from 414 cardinal successful 2024, supported by higher operating profitability, little outflows for involvement and taxes, and improved working superior management. Investments reached a grounds 285 cardinal euros, up from 251 cardinal successful 2024, focusing connected maturation initiatives, vertical integration, alternate cementitious materials, digitalisation, logistics and storage infrastructure. Net indebtedness stood astatine 214 cardinal astatine year-end, with the nett debt-to-EBITDA ratio declining to 0.4x from 1.1x successful 2024.

Financial flexibility was further strengthened by two milestone transactions: the IPO of Titan America in New York and the merchantability of Adoçim successful eastbound Turkey.

The committee of directors will suggest to the yearly wide gathering connected May 7, 2026, a dividend of 1.10 euros per share, up 10% compared to past year’s mean dividend.

Greece besides played a cardinal relation successful the group’s 2025 performance, acting arsenic a large operator of income and profitability growth. Sales accrued by 12.9% to 518.8 cardinal euros, while EBITDA roseate by 10.3% to 61.2 cardinal euros. Domestic request remained strong crossed each cardinal merchandise categories—including cement, ready-mix concrete, aggregates and adust mortars—reflecting the Group’s strategic absorption connected vertical integration and expanding its portfolio of value-added products.