In 2025, the Company’s performance was influenced, on the one hand, by increased operating costs and, on the other hand, by a decline in sales volume. The decline in domestic demand in 2025 was driven by uncertainties stemming from an unstable international context, the global crisis, the tense political climate in Romania, and the presidential elections, which dramatically affected the exchange rate, consumer confidence, and investment appetite.
Costs with raw materials and consumables totaled RON195.3 million in 2025, lower than RON236 million in 2024, but expenses with third-party, staff and cumulated amortization increased or remained high, which led to a negative operating result of almost RON14.9 million, compared to RON5.2 million loss reported in 2024. Financial expenses surged to RON18.1 million, triggering net loss of RON33.6 million in 2025, double against the RON17.4 million loss reported in 2024.
The Group’s total consolidated assets dropped to RON802.5 million at end-2025, from RON864.7 million in 2024, while equity shrank to RON339.3 million, compared to RON372.1 million in 2024. Total liabilities stood at RON463.2 million, with declines recorded for long-term subsidies and long-term leasing liabilities, while maintaining high levels for short and long-term bank loans.
The Vrancart Group operates through parent company Vrancart S.A., headquartered in Adjud, and the following branches: Rom Paper S.R.L. branches (100%-owned) and Vrancart Recycling S.R.L., plus Ecorep Group S.A., whose core activity is the provision of services related to the implementation of Extended Producer Responsibility obligations for environmental targets associated with packaging placed on the Romanian market. The company has operational units in the following locations: Pantelimon, Chiajna, Iasi, Ploiesti and Bacau and its products are sold both in Romania and in six other countries.
On December 31, 2025, the share capital of Vrancart S.A. was RON201 million and its shareholders include Lion Capital S.A. with a 76.33% stake, Paval Holding S.R.L. with 17.35%, and the remaining 6.32% owned by other shareholders. The company has a stock market capitalization of RON195.8 million and its shares have traded 11.45% lower over the last year, with a total trading volume of almost 19 million shares.