Teraplast (TRP) investor relations material

Executive summary

• Revenue reached RON 1.08 billion in 2025, up 21% year-over-year, with volumes rising 12% to over 123,000 tons, driven by Installations and improved Packaging divisions.

• EBITDA increased 75% to RON 86.7 million, with margin improving to 8%, including RON 8.6 million non-recurring income from asset sales.

• Net profit returned to positive territory at RON 1.2 million, reversing a significant loss from 2024.

• Sales outside Romania surged 59%, now representing 34% of total revenue, reflecting regional expansion.

• Operational efficiency, M&A integration, and business reorganization under new brands drove performance improvements.

Financial highlights

• Gross margin rose to 38%, up 2 percentage points year-over-year, despite competitive and pricing pressures.

• Price deflation of 0.6% was offset by higher volumes and M&A contributions.

• Installations division remained the main growth driver, supported by public investment programs.

• Packaging division benefited from increased demand for biodegradable products and operational optimization.

• Windows division profitability was pressured by higher raw material and labor costs.

Outlook and guidance

• 2026 revenue budgeted at RON 1.26 billion, a 16% increase over 2025.

• Consolidated EBITDA expected to reach RON 102 million in 2026, with an 8.1% margin.

• Net profit forecasted at RON 15.4 million for 2026, supported by divisional stabilization.

• Sales volume target for 2026 is over 145,000 tons, up 18% year-over-year.

• Seasonality expected, with losses in Q1 and Q4, and profitability in Q2 and Q3.