Volumes growth, EBITDA decline due to currency effects, non-recurring events and the weak macroeconomic environment

• Volumes growth for cement (+2.4%) and aggregates (+5.2%), ready-mix concrete stable (-0.3%) on the first nine months of 2024, mainly thanks to growth recorded in the third quarter
• Revenue: EUR 1,227.1 million (-0.7% on EUR 1,235.6 million in the first nine months of 2024); Non-GAAP revenue were EUR 1,232.4 million (+0.4% on 2024)
• EBITDA: EUR 287.3 million (-2.9% on EUR 296.0 million in the first nine months of 2024)
• Non-GAAP EBITDA: EUR 284.0 million (-1.8% on 2024), down 1.5% excluding the impact of non-recurring items. At constant exchange rates, EBITDA would have reached EUR 296.5 million (+2.6% on 2024)
• Profit before taxes: EUR 173.8 million (-17.4% on EUR 210.4 million in the first nine months of 2024); Non-GAAP profit before taxes: EUR 183.6 million (-14.2% on 2024), mainly due to  higher foreign exchange gains in 2024 related to the Egyptian pound depreciation
• Net cash: EUR 198.5 million (net cash of EUR 79.9 million at 30 September 2024)
• Despite the geopolitical context and the weak macroeconomic environment, all targets for the year are confirmed, excluding non-recurring items

Rome, 6 November 2025 – The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first nine months and the third 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:
“The results for the first nine months of 2025 are in line with our expectations, with the third quarter showing an improvement in cement and aggregates volumes. We are effectively managing operational challenges while continuing to pursue our strategic objectives and growth path with determination. 
At the same time, we are accelerating our decarbonization projects, with a particular focus on carbon capture and storage technologies, which represent a strategic lever to reduce emissions and unlock new growth perspectives. While awaiting potential market opportunities, we remain committed to further strengthening our financial position”.