This performance reflects both the contribution of the Spanish operations, consolidated starting the third quarter, and the expansion of the Group’s business across other European markets.
The Group recorded a net loss of RON 10.3 million in the first nine months of 2026, compared to a net profit of RON 6.3 million in the same period of 2025. This development was driven by lower operating profitability amid reduced sales volumes and pressure on margins, as well as the impact of foreign exchange differences.
The net result also reflects expenses related to the acquisition and integration of TeraPlast Iberia, as well as costs associated with the acceleration of works carried out by Aquatica Experience Group in Buzău.
“Our results demonstrate that acquiring the factory in Spain was the right decision. In just one quarter, the Okondo plant made a positive contribution to the Group’s results and is already performing better than it did before the acquisition. By the end of the year, we expect TeraPlast Iberia to generate EBITDA of EUR 1.7 million, translating into a net profit of EUR 1.3 million after tax. Furthermore, across our European markets, we have recorded significant revenue growth in Germany, driven by deliveries from our factories in Hungary and Spain, as well as very strong performance in Croatia, supported by sales from Romania. We are also in the process of obtaining certifications for the German market, which will enable us to further increase our revenue in this market starting early next year,” said Bogdan Craciunas, Chief Financial Officer of TeraPlast Group.
Sales outside Romania increased by 16% in value in the first nine months of 2026 compared to the same period in 2025, from RON298.7 million in 9M 2025 to RO 345.7 million in 9M 2026. They accounted for 37% of the consolidated revenue in the first three quarters of 2026, up 2 percentage points compared to the same period of the previous year.
EBITDA stood at RON 61 million, down 15% compared to the same period of the previous year, while the EBITDA margin was 6.5%, compared to 8.4% in the first nine months of 2025.
In the Installations Division, the Group’s core business, the lack of consistent and sustained funding and payments for public infrastructure projects, together with price fluctuations, affected the pace of orders and placed additional pressure on the division’s margins.
The company has a RON1.2 billion capitalization, after its shares have shed 7% since the start of the year.
(English version by Catalina Apostoiu)