Jacquet Metals (JCQ) Investor presentation summary

Market environment and strategic response

• 2025 saw persistent low demand and price pressure, with high economic and geopolitical uncertainty continuing into 2026, including the impact of the new European Carbon Border Adjustment Mechanism (CBAM) and Middle East conflict risks.

• Focus remained on tight cost and working capital management, maintaining financial strength, and pursuing investment and development strategies.

Financial performance

• Sales reached €1.84bn, down 6.6% year-on-year, with gross margin rising to 24.2% of sales from 22.4%.

• EBITDA increased to €94m (5.1% of sales), and net income (Group share) rose to €10m.

• Operating cash flow was €103m, and net debt was reduced to €140m, lowering the net debt to equity ratio to 21%.

Divisional performance

• JACQUET division volumes grew 2.6%, with sales at €447m and EBITDA margin at 5.7%.

• STAPPERT division volumes increased 0.8%, sales were €504m, and EBITDA margin was 4.4%.

• IMS group volumes declined 4.2% due to German market weakness and restructuring, with sales at €903m and EBITDA margin at 1.8%.