In a statement to the Comissão do Mercado de Valores Mobiliários (CMVM), the company reported that profits from January to September reached 2.5 million euros, a decrease of 1.3 million euros compared to the same period in 2024, representing a drop of 33.8%.

The consolidated turnover up to September amounted to 103.6 million euros, reflecting a growth of 6.8% year-on-year, while earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 3.7% to 19.2 million euros.

“The EBITDA margin was 18.5%, negatively impacted by the increase in energy costs, which rose by about 1.6 million euros compared to the same period in 2024,” Vista Alegre stated.

The operating result stood at 8.1 million euros, a reduction of 1.7 million euros from the same period in 2024, translating to a decrease of 17%, due to increased amortizations, which rose by 8% compared to the third quarter of the previous year.

According to the company, energy costs grew by 26.1% (an increase of approximately 1.6 million euros) compared with the same period in 2024.

The brands Vista Alegre and Bordallo Pinheiro maintained solid performance both in national and international retail, in physical stores and online channels, contributing to a 5.2% increase in sales compared to the same period in 2024.

In terms of segments, there was a significant growth of 15.1% in sales of Grés products, along with an increase of 4.3% and 2.6% in the Porcelain and Earthenware lines, respectively.

Crystal and Glass experienced a 12.3% decline in sales, attributed to the downturn in the global premium beverages market, Vista Alegre continued.

International markets remain the primary growth driver, with 76.7 million euros recorded between January and September, accounting for 74% of the business volume.

Cumulative investment reached 10.7 million euros, with a particular focus on decarbonization projects.

According to the group, “the aim of these investments is to improve production efficiency and strengthen the commitment to environmental sustainability,” while remaining strongly committed to environmental and social responsibility, contributing to building a more sustainable future for coming generations.

Consolidated net debt in the third quarter of 2025 decreased by 0.2 million euros compared to December 2024, considering the amount of non-refundable incentives to be received by the Vista Alegre Group.

At the end of September, the net debt-to-EBITDA ratio slightly increased compared to December 2024.