Amsterdam 21 October 2025. Cabka N.V. (referred to as “Cabka” or the “Company” along with its subsidiaries), a specialist in converting hard-to-recycle plastic waste into innovative Reusable Transport Packaging (RTP), and listed on Euronext Amsterdam, has released its trading update for the third quarter of 2025.
Sales for the third quarter remained largely consistent at €42.1 million when compared to the corresponding quarter last year (Q3 2024: €42.4 million). Total year-to-date sales reached €132 million, a slight decrease from €135 million recorded in the same period of 2024. Enhanced operational efficiency and prudent pricing strategies contributed to a modest year-over-year increase in EBITDA over sales margins.
Our RTP Portfolio continued to experience market softness in both Europe and the US, leading to year-to-date revenue declines of 13% and 2% respectively. Conversely, the Pooling and Systems segment (formerly known as Customized Solutions) in Europe demonstrated a 7% year-to-date growth, as customers in this area are less exposed to volatile market fluctuations.
The Contract Manufacturing division sustained its recovery from the weak demand observed last year, showing a 20% growth year-to-date. Concurrently, the ECO business maintained its upward trajectory, achieving 3% growth year-to-date.
Alexander Masharov, CEO, commented: “We are pleased with the relatively stable Q3 results. Our disciplined approach to cost control, ongoing commitment to positive cash flow generation, and diversification across business segments are instrumental in maintaining our profitability levels. Our primary focus remains on executing the transformation roadmap towards profitable and sustainable growth. However, market conditions continue to be challenging, marked by persistent volatility stemming from global trade disruptions that regularly flare up. Due to these factors, we now anticipate our full-year 2025 sales and EBITDA to be broadly consistent with the previous year’s figures.”
Forthcoming Events
On November 19, 2025, the company will host its Virtual Capital Markets Update. CEO, Alexander Masharov, is scheduled to present the updated Business Strategy 2030 and future growth plans.
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About Cabka
Cabka specializes in the recycling of plastics from post-consumer and post-industrial waste, transforming them into innovative reusable transport packaging (RTP) solutions, such as pallets and large containers, which enhance the sustainability of logistics chains. Its ECO product line primarily comprises construction and road safety products, manufactured exclusively from post-consumer waste.
Cabka leads the industry with its integrated approach, creating a closed loop from waste to recycling and then to manufacturing. Supported by its dedicated innovation center, the company possesses unique industry knowledge, capability, and capacity to maximize the reintroduction of recycled plastics into the production cycle, yielding attractive returns. Cabka is fully equipped to leverage the entire value chain, from raw waste to finished products.
Cabka has been listed on Euronext Amsterdam since March 1, 2022, trading under the ticker symbol CABKA with the international securities identification number NL00150000S7.
Legal Notice
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Readers are cautioned that forward-looking statements are not guarantees of future performance. Given these uncertainties, readers are advised not to place undue reliance on such statements. These forward-looking statements are valid only as of the date this press release was published. The Company is not obligated to publicly update or revise the information in this press release, including any forward-looking statements, except as may be required by law.
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