Cementir Holding N.V.: First Quarter 2025 Consolidated Results

Results in line with expectations: guidance confirmed

• Revenue: EUR 368.1 million (-0.1% on EUR 368.3 million in the first quarter of 2024; Non-GAAP Revenue reached EUR 370.5 million (+0.9% on 2024)
• EBITDA: EUR 66.4 million (-0.1% on EUR 66.5 million in the first quarter 2024). Non-GAAP EBITDA was EUR 69.7 million (+0.5% on 2024)
• Profit before taxes: EUR 30.3 million, -48.4% on EUR 58.7 million in the first quarter 2024. Non-GAAP profit before taxes was EUR 39.7 million (-38.1% on 2024)
• Net cash: EUR 143.2 million (net cash of EUR 76.6 million at 31 March 2024)

• Cement volumes down by 6.2%, ready-mixed concrete volumes up by 2.1% and aggregates broadly in line with last year
• Targets for the year are confirmed

Rome, 8 May 2025 - The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first quarter of 2025.

Please note that as of April 2022, the Turkish economy is considered hyperinflationary according to the criteria set out in "IAS 29-Financial Reporting in Hyperinflationary Economies".

Francesco Caltagirone Jr, Chairman and Chief Executive Officer, commented:

"Notwithstanding a modest reduction in cement sales volumes, Group Revenues for the first quarter of 2025 are in line with the same period of last year, as is EBITDA, which at constant exchange rates would instead have grown by 7.5 percent over 2024. Despite the current phase of significant geopolitical and trade uncertainty, we are keeping our industrial targets unchanged and continue on our decarbonization path".

Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2025-05/CH_Press%20release_First%20quarter%202025%20results_08052025.pdf