Spanish seamless stainless steel pipe manufacturer Tubacex announced financial results for the second quarter and first half of this year.
The company reported a net loss of €0.6 million in the quarter, compared with a net profit of €7.7 million in the second quarter of 2025, and sales revenue of €169.5 million, down 5.4%. In addition, Tubacex's EBITDA in the second quarter was € 17.9 million, compared to € 30 million in the same quarter last year.
In the first half, the company's net profit decreased by 95.8 million year-on-year to € 0.7 million, and sales revenue amounted to € 323.6 million, down 10.5% year-on-year calculus. In addition, Tubacex's EBITDA for the period decreased by 37.9% compared to the first half of 2025 to € 37.9 million.
The company said that its results in the first half reflect the lower volume of orders recorded during 2025, in a business environment characterized by new tariff and regulatory policies, increased commercial volatility and delays in making purchasing and investment decisions in the markets in which it operates. In addition, Tubacex highlighted that since March its operations have been significantly impacted by operational and logistical disruptions caused by instability in the Middle East, which has particularly impacted its operations in Abu Dhabi. The disruptions impacted planning, scheduling, production, logistics and
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