Ercros H1 2026 results and approved delisting

Key highlights
  • Contribution of EUR 130.4 million; adjusted EBITDA EUR 22.7 million; net loss EUR 3.9 million in H1 2026.
  • Liquidity position of EUR 75 million.
  • Q2 impact: conflict in the Strait of Hormuz raised raw material costs and temporarily increased selling prices in Europe.
  • General Shareholders' Meeting approved delisting; Bondalti Iberica to launch a tender offer at EUR 3.505 per share.

First-half 2026 results

Ercros reported a contribution of EUR 130.4 million, an adjusted EBITDA of EUR 22.7 million and a net loss of EUR 3.9 million for the first half of 2026.

Market and regulatory environment

The second quarter was affected by the conflict in the Strait of Hormuz, which increased raw material prices and led to a temporary rise in selling prices across Europe. The effects of the European Commission's Action Plan for the European Chemical Industry have not materialised to date.

Liquidity and integration

Ercros maintains EUR 75 million in liquidity. The integration process with Bondalti is progressing according to plan, with both companies advancing the work smoothly and at a good pace.

Shareholder resolution and offer

At the General Shareholders' Meeting on 30 June, shareholders approved the delisting of Ercros shares and the subsequent launch by Bondalti Iberica of a tender offer for all shares at EUR 3.505 per share.

Source: Ercros