Titan Group (Titan) has posted record nine-month (YTD) EBITDA profitability. Group EBITDA between 1 January and 30 September 2025 grew by 8.4%, reaching €474 million, after a strong Q3 (+19.9% YoY), driven by cost discipline and energy efficiencies. Net profit YTD at €223 million (-0.8% YoY), adjusted for €51.9 million one-off loss related to the sale of Adocim in Q2.
Greece-headquartered Titan saw a 1.4% year-over-year (YOY) rise in its sales for the first nine months of 2025 (YTD), reaching €2,013 million, driven by strong performances in Greece, the US, and Egypt, fueled by increased volumes and stable pricing levels.
Titan’s liquidity position remains solid with net debt at €302 million, bolstered by the proceeds from the IPO of Titan America and Adocim’s divestment. Leverage ratio remains low at 0.5x EBITDA, notwithstanding the €3/share dividend paid in July.
Group CapEx remains elevated at €185 million YTD, reflecting continued investment in growth initiatives. These include decarbonisation projects such as the IFESTOS CCS, which is now in the development stage.
The 80% acquisition of Baupartner via a JV in Bosnia & Herzegovina marked Titan’s entry into precast concrete, alongside regulatory approval in Florida for the production of precast lintel products. Completion of the acquisition of an additional ready-mix unit and an aggregates quarry in Greece, bringing the total to three strategic bolt-on investments YTD.
Titan Group’s outlook for the remainder of the year is positive, supported by solid volume growth across products, resilient pricing, cost initiatives, and efficiency gains.
