Cinkarna Celje delivers stable results amid an unpredictable market environment

The year 2025 was not only challenging for European industry, but also highly unpredictable. Rather than stabilising, it placed the European chemical sector under a genuine test of its resilience—facing price pressures, elevated costs, and volatile global developments that continue to reshape the rules of the market. The titanium dioxide market, a core product segment of Cinkarna Celje, further amplified these dynamics and intensified competitive pressures.

Despite this demanding environment, Cinkarna Celje maintained stable and profitable operations, demonstrating that prudent management and a clear strategic focus deliver results even under adverse conditions. The 2025 performance therefore reflects sound decision-making, financial discipline, and the expertise, commitment, and accountability of our employees, who continue to steer the company in the right direction despite ongoing uncertainty.

In 2025, the company generated sales revenues of EUR 198.8 million. Net profit reached EUR 19.5 million, representing 84,3% of the net profit achieved in 2024, when it reached EUR 23.1 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) reached EUR 36.1 million, representing 18.2% of sales revenue. In 2025, the key markets remained those within the EU, where sales increased by 1% compared to 2024.

The Management Board and the Supervisory Board propose a dividend payment of EUR 1.80 per share, amounting in total to EUR 14 million. In addition, as part of the same proposal, EUR 5.5 million of profit is allocated to other profit reserves, while the remaining distributable profit of EUR 9.1 million is retained as unallocated. Through this proposal, the Company reaffirms its commitment to consistent value creation for shareholders and to a predictable, long-term sustainable return.

In line with its defined development strategy and active risk management, Cinkarna Celje invested as much as EUR 19.5 million in 2025. Investments were directed towards improvements in technological processes, and the strengthening of long-term competitiveness. Special attention was devoted to managing spatial and environmental risks, in accordance with the long-term goals of sustainable development and the company's strategy.

As highlighted by the Company’s Management Board in the Annual Report statement, market conditions remain challenging, characterised by continued pressure on margins and intensified competition. At the same time, the prevailing geopolitical situation in the Middle East further significantly affects the markets for raw materials, energy, and transport, resulting in increased pricing risks. The Company closely monitors these developments and adjusts its procurement activities and business decisions accordingly. The entry into 2026 is thus marked by a cautious stabilisation at low levels, alongside an uncertain and gradual recovery in demand.

In 2025, the Company continued to enhance its sustainability reporting, which is being progressively integrated into its governance and business processes. This ensures compliance with European requirements while also developing a more structured approach to identifying and monitoring sustainability-related impacts, risks, and opportunities.

The Sustainability Statement has been prepared in accordance with the CSRD Directive and the European Sustainability Reporting Standards (ESRS). In its second year of reporting, the Company continues to further develop and deepen its disclosures, building on acquired experience and the ongoing optimisation of internal processes. In 2025, a regular double materiality assessment (DMA) was also carried out, confirming the continued relevance of the identified impacts, risks, and opportunities, as well as their alignment with the Company’s strategy and the expectations of key stakeholders.

The Supervisory Board of the Company assesses that, through a conservative financial approach, a stable business model, and targeted development investments, the Company is building a solid foundation for further growth and adaptation to future business environment challenges.

The European chemical industry is currently in a period in which competitiveness is being shaped by structural shifts rather than purely cyclical fluctuations. In such conditions, it is becoming increasingly evident that, without a strong industrial base, Europe risks a long-term erosion of its resilience and strategic autonomy. Cinkarna Celje therefore remains committed to financial discipline, adaptability, and realistic risk management, which ensure stability and sustainability even in an environment of sustained pressure.

Further details on Cinkarna Celje 2025 performance can be found in the Company’s published Annual Report for 2025, which has been approved by the Supervisory Board of Cinkarna Celje.