)
Visual
test
ENCE Energía y Celulosa
ENCE Energía y Celulosa (ENC) investor relations material
ENCE Energía y Celulosa Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Transitioning to a higher-margin, special pulp-focused business, leveraging local wood sourcing and proximity service, with special pulp products accounting for 29% of sales in 9M25, up 7pp year-over-year.
Renewable energy platform expanding into regulated electricity, industrial heating, biomethane, and renewable fuels, with strong EBITDA and a robust project pipeline.
Efficiency and competitiveness plan launched, targeting significant cash cost reductions and operational streamlining through process re-engineering and AI.
BHKP prices reached lows in 3Q25, with two price increases announced for Europe totaling $130/t, of which about €60/t are already reflected in prices; similar increases are seen in China.
Free cash flow before growth CapEx was €12m in 3Q25, supported by €18m working capital inflow from inventory and receivables reductions.
Financial highlights
Pulp sales reached 263,000 tons in Q3, up 8% quarter-on-quarter and 13% year-over-year, but average net selling price dropped by €90/t to €452.
Group revenues fell 6% sequentially to €181m in 3Q25, with a €15m drop in pulp and a €3m increase in renewables.
3Q25 EBITDA was €13m, with a net loss of €15m; 3Q25 consolidated net loss: €16.2m vs. €13.4m profit in 3Q24.
Cash costs declined by €29/t to €459/t in 3Q25, supporting H2 guidance of €466/t.
Sale of energy savings certificates generated €40m in 9M25.
Outlook and guidance
Targeting a 50% increase in across-the-cycle pulp EBITDA by 2028, driven by higher-margin products and efficiency.
By 2030, renewable energy platform aims to more than triple recurrent EBITDA, expanding into new business lines.
Cash cost guidance for H2 2025 is €466/t, with a temporary Q4 increase expected due to seasonal wood collection costs.
Special pulp and fluff pulp products expected to reach over 62% of sales by 2028, with significant margin uplift.
FX hedging policy caps USD/EUR at 1.09 for nearly 50% of expected 2025 pulp sales, mitigating weaker dollar impact.
Efficiency plan: savings from FTE vs reengineering?
How will special pulp stabilize net prices?
Biomethane & heating: key drivers for EBITDA growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRINet loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high.
- 6 FebCRINet loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
Next ENCE Energía y Celulosa earnings date
Q4 202524 Feb, 2026
ENCE Energía y Celulosa
Next ENCE Energía y Celulosa earnings date
Q4 202524 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ENCE Energía y Celulosa S.A. produces eucalyptus pulp and generates renewable energy from biomass. The company operates pulp mills and energy plants in Spain, serving customers in the paper and energy sectors. It is headquartered in Madrid, Spain, and its shares are listed on the BME.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage