• Revenue up 15.3% from EUR 529.4 million to a record-high EUR 610.2 million accelerating to 18.3% in H2
• Organic growth of 4.5% accelerating to 6.4% in H2
• Adjusted EBITDA up 26.7% from EUR 39.2 million to EUR 49.6 million and adjusted EBITDA margin on sales up from 7.4% to 8.1%
• Net cash position at EUR 74.4 million
• 24.2% reduction in scope 1&2 carbon intensity per m³
• Major greenfield project under way in the North American insulated panels market
• Industry-leading investment in PU recycling plant in Wevelgem
• Proposal to pay a stable gross dividend of EUR 0.31 per share

Jan Vergote, CEO Recticel: “Recticel is pleased to announce strong revenue and profitability growth thereby clearly outperforming tough end markets.

Our relentless focus on future-smart insulation is paying off with more new product launches and certificates and impressive progress in operational excellence.

We have achieved higher market shares in Insulation Boards and Insulated Panels and revenue has grown in all key geographies such as Benelux, United Kingdom, France, Germany, and the United States.

We intend to continue the execution of our strategic growth plan with a combination of M&A and organic growth, backed by substantial headroom on our balance sheet.

Besides the acquisition of Rex Panels, we continue the execution of our Insulated Panels growth strategy by greenfielding a major EUR 50 million production facility in North America for startup in Q4 2026.

Our Insulation Boards R&D group has optimized its proprietary circular PU technology, and we are building a EUR 13 million industry-leading recycling plant in Wevelgem with substantial impact on our scope 3 emissions.”

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