PCC SE: PCC Reports Improved Results in the Fourth Quarter of 2025 Compared to Previous Quarters

PCC Group reports revenue of €925.0 million for full-fiscal 2025 based on preliminary figures

Duisburg (pta033/20.03.2026/16:19 UTC+1)

Despite a challenging market environment, the Duisburg-based holding company PCC SE achieved improved results in the fourth quarter of 2025 compared to the preceding quarters. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 10.9% compared to the previous quarter to €27.2 million. As a result, EBITDA increased quarter over quarter throughout 2025. According to preliminary figures, EBITDA for full-fiscal 2025 declined slightly by 3.3% year over year to €85.1 million.

"Like the entire 2025 fiscal year, the fourth quarter was characterized by ongoing intense price competition from non-European manufacturers as well as weak demand in Europe," explains Riccardo Koppe, CFO of PCC SE. "Nevertheless, some business segments recorded volume increases amid generally stable or slightly declining prices. The focus on higher-margin specialty products had a positive effect. Compensation payments for CO₂ allowance certificates in favor of chlorine production also supported earnings in the fourth quarter. This was offset by rising fixed costs, higher interest expenses, and accumulated foreign exchange losses."

According to preliminary figures, consolidated revenue declined by 3.6% to €925.0 million in fiscal 2025, and by 8.9% year over year to €216.2 million in the fourth quarter. The PCC Group's gross profit remained stable for the full year at an estimated €292.0 million, while the gross profit margin rose slightly to 31.6% (previous year: 30.4%). At €76.9 million, gross profit in the fourth quarter was 6.6% higher than in the same quarter of the previous year, marking the third consecutive quarter of growth. Operating cash flow increased due to working capital improvements and is expected to reach €91.4 million for the full year, an increase of 11.3%.

"Overall, the business performance in the fourth quarter largely continued the trends from the third quarter," explains Koppe. "Despite isolated signs of a slight uptick in demand, the global economic environment remained challenging. The chemicals-producing segments posted a stable performance within the context of the market conditions. Excluding one-time effects, business performance was in line with expectations."

Performance in the Group Segments

As in previous quarters, the Surfactants & Derivatives segment, PCC's main revenue driver, performed well. Segment revenue rose by 4.0% in the fourth quarter and, according to preliminary figures, by 14.2% for the full year to €255.4 million. The segment also achieved earnings growth despite the challenging market environment. EBITDA is expected to rise from €23.9 million in the prior year to €25.0 million for the full year. A newly constructed ethoxylation plant and the ensuing increase in capacity of approximately 35,000 to 40,000 metric tons per year contributed to this improvement.

In the Polyols & Derivatives segment, revenue and EBITDA declined in the fourth quarter compared to the same quarter of the previous year, primarily due to competitive pressures. Revenue also declined in the Chlorine & Derivatives segment in the fourth quarter, though compensation for CO₂ price developments mitigated the decrease in earnings. In the Trading & Services segment, quarterly revenue rose by 7.8% to €28.8 million, and earnings increased significantly, both for the quarter and for the fiscal year. In the Logistics segment, our intermodal container logistics unit maintained its market leadership in Poland. However, cost increases weighed on its earnings performance.

Within the Silicon & Derivatives segment, silicon metal production in Iceland remained shut down, with the initial effects of the ensuing cost reductions becoming noticeable. Collaboration with all stakeholders continued in the new year with a view to facilitating an economically viable resumption of production in the future.

In the Holding & Projects segment, we continued work on the chlor-alkali plant project in the U.S. However, the final investment decision is still pending. At our oxyalkylate production facility in Malaysia, which began operations in 2024, we were able to further increase capacity utilization in the fourth quarter. The product portfolio adjustment implemented in the previous quarter supported this development.

The Q4/2025 quarterly report is available online at www.pcc-financialdata.eu/ www.pcc-finanzinformationen.eu. The consolidated figures cited are preliminary. The 2025 Annual Report, containing the final audited consolidated figures for the past fiscal year, is scheduled for publication on May 19, 2026.

Redemption of maturing bond

On October 1, 2025, PCC SE redeemed on maturity the 4.00 % bullet bond ISIN DE000A3H2VU4 issued in 2020. The repayment volume amounted to € 29.7 million

Brief Profile of PCC SE

PCC SE, headquartered in Duisburg, is the holding company of the globally active PCC Group, which employs around 3,100 people. Its Group companies have core competencies in the production of chemical feedstocks and specialty chemicals, and also in the field of container logistics. As a long-term investor, PCC SE focuses on continuously increasing the corporate value of its portfolio companies through sustainable investments and activities geared to consistent value creation. The largest chemical producers within the PCC Group are PCC Rokita SA, a major chlorine manufacturer and Eastern Europe's leading producer of polyols, and PCC Exol SA, one of the most advanced surfactant producers in Europe. PCC was founded in 1993 by Waldemar Preussner, the sole shareholder of PCC SE, who currently serves as Chairman of the Supervisory Board. According to preliminary figures, the PCC Group generated consolidated sales of €925.0 million and consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) of €85.1 million in fiscal 2025. Further information about PCC can be found at https://www.pcc.eu.

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Emitter:	PCC SE Moerser Straße 149 47198 Duisburg Germany
Contact Person:	Susanne Biskamp, PCC Head of Marketing, Media, Direktinvest
Phone:	+49 2066 2019-35
E-Mail:	pr@pcc.eu
Website:	www.pcc.eu
ISIN(s):	DE000A460Q50 (Bond) DE000A460Q68 (Bond)
Stock Exchange(s):	Free Market in Frankfurt, Stuttgart