In the quarter, the company's sales revenue was €164.4 million, down 3.9%, while its net profit was €1.1 million, down 85.7% year-on-year. In addition, Tubacex's EBITDA in the third quarter was €23.7 million, compared with €28 million in the same quarter last year.
In the first nine months, the company's sales revenue decreased by 7.6 percent year-on-year to € 525.9 million due to the downward trend in nickel prices and the continued depreciation of the US dollar against the euro, while its net profit amounted to €16.7 million, an increase of 17.4 percent year-on-year. In addition, Tubacex's EBITDA increased by 8.4 percent in the specified period compared to January-September 2024 to €84.6 million.
The company stated that although it maintains its positive outlook for 2025, given the market instability, it is reviewing all scenarios for fiscal year 2026, implementing all necessary measures to ensure current margins and restore volumes across all business lines.
