Imerys (NK) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue reached €2.624bn, up 2.0% like-for-like; adjusted EBITDA rose 10.3% to €450m, with margin expanding 0.8pp to 17.1%.

• Q3 revenue increased 2.9% like-for-like to €884m; adjusted EBITDA grew 10.8% to €160m, lifting margin 1.2pp to 18.1%.

• FY 2026 adjusted EBITDA guidance rose to €570m–€590m from €550m–€580m, assuming no material deterioration in operating conditions.

Financial highlights

• 9M volumes increased 0.4% and prices 1.6%; Q3 sales rose 7.0% reported and 2.9% like-for-like.

• 9M current operating income was €225m, up 10.3% like-for-like; reported operating income was €199m, up 0.8%.

• 9M net income, Group share, was €92m, down 16.3% reported; current net income was €116m versus €126m.

• Q3 net income, Group share, was €43m, up 8.0%; current net income, Group share, rose 16.9% to €50m.

Outlook and guidance

• FY 2026 adjusted EBITDA guidance increased to €570m–€590m from €550m–€580m; FY results were expected to be significantly above 2025.

• Guidance assumes no material deterioration in operating conditions; inflationary pressures and challenging markets are expected to persist near term.

• Priorities include disciplined pricing, margin protection, cost optimization, cash generation, financial discipline and strategic growth initiatives.

• Project Horizon’s full-year savings target remained €50m–€60m; €30m had been delivered through Q3, ahead of schedule.