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Guidance

2021 2022 2023 2024 2025 2026
Guidance
Sales Volume (million tons) 0,76 0,85 1,06 1,17 1,31 1,15-1,25
Revenue ($ billion) 0,8 1,3 1,7 1,7 1,8 2,1-2,3
EBITDA Margin (%) %9,8 %14,9 %18,2 %6,0 %7,4 %8-%10
  • In the first quarter of 2026 financial and operational performance was realized in line with expectations, in parallel with project delivery schedules.
  • Accordingly, no revision has been made to the Company’s 2026 guidance.
  • Particularly with the contribution of the expected concentration of deliveries in the Infrastructure Project segment during the later periods of the year:
    • Consolidated sales volume is expected to be in the range of 1.15 – 1.25 million tons in 2026 while consolidated revenues are projected to range between USD 2.1 – 2.3 billion.
    • Supported by the continuation of operational efficiency initiatives and the increasing share of higher value- added products within the product mix, EBITDA margin is expected to improve to a range of 8%- 10% in 2026.
  • Under normal circumstances, guidance is disclosed four times a year, in conjunction with quarterly financial disclosures.