Robust performance and positive outlook

• Group Sales increased by 4.9% to €1,985m year-to-date with growth recorded across regions, thanks to higher volumes in all main products and overall improved pricing.
• Group EBITDA year-to-date reached €455m, increased by 14.6% like for like adjusted for €18m of non-recurring costs, of which €8m in Q3. EBITDA margin grew as a result of operating efficiencies, improved energy mix and softer energy fuel costs.
• Q3 EBITDA at €164m, up by 5% like for like. Strong contribution from Titan America achieving 2% sales growth and 10% EBITDA growth like for like despite the adverse weather.
• Net profit increased by 20%, to €238m year-to-date like for like; 9-month EPS at €3.19.
• Leverage ratio at 1.1x EBITDA, with Titan’s credit rating upgraded by S&P to “BB+”.
  Launched Sustainability-Linked Financing Framework.
• Group CapEx remains strong, reaching €181m year-to-date. Committed to Green Growth Strategy 2026, the Group signed a front-end Engineering Design contract in September for carbon capture technology related to carbon capture project IFESTOS in Greece.
• Year-to-date the Group has agreed terms for bolt-on acquisitions of 3 aggregates quarries, 1 clay quarry and 1 Ready-Mix unit.
• The process of listing the US operations on a New York stock exchange progresses according to plan. Significant steps have been completed and we are targeting to go to the market in 1Q25.
• Positive outlook for the remainder of the year, driven by solid pricing and overall healthy volumes.