Q3 2025 Titan SA Earnings Call Transcript
Key Points
- Titan SA (TTCIF) reported a record quarter with sales growth of over 3.4% and net profit growth of more than 35%.
- The company achieved a significant margin expansion of over 400 basis points, reaching 27.3% for the quarter.
- Titan SA (TTCIF) completed three bolt-on acquisitions in Greece, enhancing its aggregates and ready-mix capabilities.
- The company is progressing with innovative projects, including a carbon capture project near Athens and a calcinene clay project in the US.
- Titan SA (TTCIF) maintains a strong balance sheet with low leverage, allowing for further growth investments and acquisitions.
- The residential market in the US remains challenging, with no immediate signs of recovery in volumes.
- Increased import competition in Southeast Europe has resulted in pricing pressure in certain countries.
- The company faces heightened electricity and production costs in Greece, impacting the cost base.
- Tariffs on Greek exports to the US have a limited but notable impact, estimated at $7 to $8 per ton.
- The company is dealing with increased minorities due to the IPO of Titan America, affecting financial performance.
Ladies and gentlemen, thank you for standing by. I am Gelli, your chorus call operator. Welcome and thank you for joining the Titan Group conference call and live webcast to present and discuss the nine months, 2025 results.
Please note this call and presentation is intended for analysts and Investors only at this time, I would like to turn the conference over to Mr. Marcel Cobuz, Chair of the Group Executive Committee, Mr. John Ioannou, Group CFO, and Mr. Michael Colakides, the managing director of Group CFO, until the end of October.
Mr. Couz, you may now proceed.
Thank you.
Thank you, and hello everyone. Very happy to be here to present once again a very strong set of quarterly results. Which confirm value our value growth trajectory of Titan. I'm with two CFOs today and that's another testimony of, an excellent, continuation and renewal we are doing at the group. Michael Kolakides, will continue, working with me for the next, years, particularly
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