Statement of the results for the first quarter of 2026

Ercros reports losses of EUR 13.6 million in the first quarter of 2026

• In the first quarter of 2026, Ercros recorded contribution of EUR 52.0 million, negative adjusted ebitda of EUR 1.0 million and losses of EUR 13.6 million.
• Ercros continues to be affected by persistently weak demand, high energy costs and intense competition from non-EU countries. The benefits of the European Chemical Industry Action Plan designed by the European Commission (EC) have not yet materialized.
• Ercros maintains a solid financial position, with EUR 45 million in liquidity.
• On 19 March 2026, the CNMV announced that the takeover bid launched by Bondalti Iberica, S.L.U. for Ercros had been successful, achieving an acceptance rate of 77.23%.
• At the board meeting held on 7 April, in line with the statements made at the shareholders’ meeting on 28 June 2024, directors Antoni Zabalza Martí, Laureano Roldán Aguilar and Eduardo Sánchez Morrondo tendered their resignations from the Company’s board of directors. Subsequently, Antón Valero Solanellas (director and non-executive chairman), João Guimarães de Mello (chief executive officer) and André Cabral Côrte-Real de Albuquerque (executive director) were appointed by co-option.

• The Company’s new management team has defined the following short-term priorities:

  1.    Delist the Company through a delisting takeover bid to be launched by Bondalti Iberica, S.L.U., with the aim of providing the management team with greater flexibility in executing the planned transformation strategy.
  2.    Strengthen the Company’s financial position and reverse the cycle of negative results, returning Ercros to profitability.
  3.    Integrate teams and processes in order to capture operational synergies as early as possible.

• The integration work is progressing according to plan, with normality and strong commitment from the teams at Ercros and Bondalti.
   

Icome statements for the 2026 and 2025 first quarters