Navigator totaled €65.4 million in profit in the first nine months of the year, a 44.8% decrease from the same period of 2025, was reported to the market.
© Navigator
22/10/2026
by
Lusa
A Navigator totaled 65.4 million euro profit in the first nine months of the year, a 44.8% decrease from the same period of 2025, was today reported to the market.
In a press release sent to the Securities Market Commission (CMVM), the company announced that the pre-tax, interest, depreciation and depreciation (EBITDA) result yielded 29.3% to EUR 212.2 million.
The total sales of the paper mill were EUR 1.333,3 million, below EUR 1,489,3 million in the first nine months of 2025.
The net paid debt is now EUR 765 million, with a decrease of 4.6%.
In the analysis of the first nine months of 2026, Navigator pointed out that this period was impacted “by the extreme weather conditions recorded in the first quarter and the scheduled maintenance stops in the second quarter, in Setúbal and Aveiro and in the third quarter in Figueira da Foz”.
Navigator highlighted that the stops were boosted to accelerate the technological transition and decarbonization, successfully integrating new industrial innovation projects made possible by recent investments.
“ These transitional constraints affected the available volumes of pulp and paper and led to a non-recurrent increase in fossil energy consumption, in particular natural gas, with a direct impact on costs, either through higher consumption and high price levels, or by the increased need for CO2 licenses,” he explained.
The company also stressed that “the international macroeconomic context remains conditioned by the worsening of geopolitical tensions in the Middle East, in an environment marked by volatility and uncertainty”.
“ In addition to the challenges arising from the international macroeconomic context, Navigator faced operational constraints that affected product availability throughout the year,” she said.
Navigator also stressed that it is “in the final phase of a major strategic investment cycle, strengthening the foundations for a new stage of sustainable growth and value creation”.
“ The integration of new technologies and various industrial projects into the paste units, including under the Recovery and Resilience Plan (PRR), implied a longer transitional period of operational adaptation than is normal. However, these investments should translate into productivity gains, greater resource efficiency and enhanced environmental performance, contributing to the increase in the company’s competitiveness in the medium and long term”, can be read.