Amsterdam 21 October 2025. Cabka N.V. (together with its subsidiaries "Cabka", or the "Company"), specialized in transforming hard to recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announces its trading update for the third quarter of 2025.

Sales for Q3 were broadly stable at € 42.1 million compared to the same quarter last year (Q3 2024: € 42.4 million). Total sales year-to-date reached € 132 million, versus €135 million in the same period of 2024. Operational efficiency and disciplined pricing have helped to increase EBITDA over sales margins slightly above last year.

Our RTP Portfolio reflected continued market weakness both in Europe and in the US, with revenues declining 13% and 2% respectively year-to-date. At the same time, Pooling and Systems (formerly called Customized Solutions) in Europe grew 7% year-to-date as customers in this segment are less exposed to volatile market segments.

Our Contract Manufacturing business continued its recovery from the weak demand seen last year, showing a growth of 20% year to date.  Meanwhile, the ECO business delivered continued growth of 3% year-to-date.

Alexander Masharov, CEO, commented: "We are pleased to have achieved a relatively stable result for Q3, and our disciplined cost control, continued focus on positive cash flow generation and ...