Homann Holzwerkstoffe reports solid operating performance of existing plants in the second half of 2025

17 Mar 2026 13:42 CET

Homann Holzwerkstoffe reports solid operating performance of existing plants in
the second half of 2025

- Increase in revenues to EUR 188.1 million (previous year: EUR 183.5 million)
driven by a volume effect, with prices remaining largely stable
- Stable earnings trend at existing plants; adjusted operating EBITDA of the
Group burdened by start-up losses of the new plant in Pagiriai, Lithuania
- Prolongation of financing in Lithuania until 2030 strengthens long-term
financing structure
- Termination of the joint venture in Egypt

Munich, March 16, 2026 – Homann Holzwerkstoffe GmbH, a leading European supplier
of thin, refined wooden fibreboards for the furniture, doors and coatings
industries, today published its interim Group report for the second half of
2025. The interim report is published for the first time in compliance with the
obligation to publish semi-annual consolidated financial information stipulated
in the terms and conditions of the Bond 2025/2032. The Annual Report 2025 will
be published as planned on April 24, 2026.

In the second half of 2025, the Group generated revenues of EUR 188.1 million,
up around 2.5% on the same period of the previous year (EUR 183.5 million). This
development was primarily due to a volume effect, with prices remaining largely
constant.

EBITDA adjusted for exchange rate effects amounted to EUR 16.1 million in the
reporting period (previous year: EUR 27.9 million). The EBITDA margin based on
total output stood at 8.2% (previous year: 15.5%). The result was significantly
impacted by the operating start-up losses of the plant in Pagiriai, Lithuania.
Adjusted for these start-up losses, the existing plants posted EBITDA adjusted
for exchange rate effects of EUR 27.2 million (previous year: EUR 30.8 million).
The remaining year-on-year decline was mainly due to a higher cost of materials
ratio and increased other operating expenses. The consolidated result for the
second half of the year amounted to EUR -10.1 million (previous year: EUR 6.3
million); adjusted for the aforementioned start-up losses, it totalled EUR 6.7
million (previous year: EUR 13.3 million).

The Group’s equity amounted to EUR 186.3 million as of December 31, 2025
(December 31, 2024: EUR 197.1 million), which corresponds to an equity ratio of
30.0%. The change was mainly due to the negative half-year result and the
development of the difference in equity resulting from currency translation.

Fritz Homann, Managing Director of Homann Holzwerkstoffe GmbH: “Our existing
plants showed a stable performance overall in the second half of 2025 and
slightly improved their earnings contribution compared to the first half of the
year. The new plant in Pagiriai is going through its ramp-up phase as planned –
the associated start-up losses are an expected effect, which we will overcome as
operations progress. In addition, we have created a stable and future-oriented
financing structure by prolonging the financing in Lithuania until 2030.”

On November 3, 2025, Homann Holzwerkstoffe GmbH concluded a settlement agreement
regarding its joint venture Global MDF Industries B.V. in Egypt. As part of this
agreement, the shares held by the company were sold back to the joint venture
partner and the pending arbitration proceedings were terminated.

Based on the unaudited financial figures, the forecast for the full year 2025
published in the financial report on the first half of 2025 has been confirmed:
At EUR 383.1 million, revenues are slightly up on the previous year (EUR 369.9
million), while adjusted EBITDA has decreased to EUR 38.2 million (previous
year: EUR 56.3 million), as expected. An outlook for the financial year 2026
will be published in the company’s Annual Report 2025.

The interim Group report for the second half of 2025 is available at
https://www.homann-holzwerkstoffe.de/en/investor-relations/press-releases-docume
nts/financial-reports/.

About Homann Holzwerkstoffe

Headquartered in Munich, Homann Holzwerkstoffe GmbH is a leading supplier of
thin, high-quality finished medium-density and high-density fibreboards
(MDF/HDF). With production plants in Losheim am See, Germany, Karlino and Krosno
Odrzańskie, Poland, and at the new location in Pagiriai, Lithuania, the Group
serves the global furniture, doors and coatings industries, with the main focus
on European markets. The family-owned company looks back on a long tradition and
has been established on the capital market since 2012. Its 2025/2032 corporate
bond (ISIN: NO0013536169; WKN: A4DFTR) is listed on the Frankfurt Stock
Exchange.

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Press/Investor Relations:
iron AG
Karolin Bistrovic, Fabian Kirchmann
T: +49 (0) 221 9140 9736
homann@ir-on.com

Contact:
Homann Holzwerkstoffe GmbH
Sandra Jux
T: +49 (0) 89 99 88 69 0
sj@homanit.org

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668572_EN-HHW_CN_H2_2025_260316_final.pdf