Vidrala Grows Earnings Despite Challenging Market Conditions, Supported by Internal Management Initiatives and South America’s Contribution

• EBITDA increased by 4.4% to €225.5 million, supported by cost-control initiatives and geographic diversification, driving a 9.9% increase in earnings per share.
• Sales reached €754 million through June, representing reported growth of 0.5%.
• The South American platform led business performance, delivering double-digit growth in both sales and earnings.
• Vidrala remains firmly focused on competitiveness through ambitious industrial investment and confirms its targets for full-year 2026.

23 July 2026 – Vidrala, a leading glass packaging manufacturer with operations across Southern Europe, the United Kingdom and South America, closed the first half of the year with net profit of €117.4 million, representing a 8.9% increase compared with the same period last year.

EBITDA reached €225.5 million, up 4.4% year-on-year, while the EBITDA margin improved by 110 basis points to 29.9% of sales. Against a challenging backdrop marked by weak consumer demand in Europe and inflationary pressures stemming from the conflict in Iran, these results reflect the group's operational discipline, cost efficiency, the benefits of its ambitious investment programme, and the value of its strategic diversification into new growth regions.

Profitability margins improved consistently across all three regions in which Vidrala operates, confirming the successful adaptation of its cost base to prevailing demand conditions and the competitive environment. Revenue amounted to €754 million, representing reported growth of 0.5%. Another key indicator of the group's financial strength is its leverage position, with net financial debt of €252.3 million, equivalent to 0.6x EBITDA. The first-half performance also drove earnings per share to €3.36, compared with €3.06 in the same period last year, an increase of 9.9%.

Raúl Gómez, CEO of Vidrala, commented: "Despite a highly challenging environment, during the first half of 2026 we delivered earnings growth and further strengthened our margins. This performance is the direct result of the strategic decisions we have taken and the management initiatives currently underway, confirming the resilience of our business model."

On this basis, Vidrala maintains its targets for full-year 2026: achieving EBITDA of more than €450 million, increasing earnings per share by more than 5%, and generating approximately €200 million in cash flow.

Raúl Gómez added: "Our ambitious industrial investment strategy, the contribution from our expanded South American footprint, the operational initiatives underway to control costs, and the continued enhancement of our customer value proposition will enable us to deliver our 2026 performance targets despite numerous challenges. Looking beyond this year, we remain fully committed to our core strategic pillars: customer, cost and capital. While maintaining strict financial discipline, we will continue investing with our customers in mind and with the firm objective of manufacturing our products and serving our customers in the most reliable, competitive and sustainable way possible. The future belongs to us."

Shareholder Returns

Vidrala's objective is to balance customer-focused investment and international expansion with an attractive and growing shareholder return policy. In line with this commitment, the company recently announced the expansion of its share buyback programme to up to 3% of share capital.

As part of this remuneration policy, Vidrala has also increased its annual dividend by 15% this year, bringing the expected total shareholder remuneration to €1.7505 per share.

Results Centre