Hungary: Masterplast recorded sales of €171m in 2025, up by 26% year-on-year. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) more than quadrupled to €9.2m. Thermal insulation systems sales fell by 3% but still accounted for the largest share of sales, at 39%. Geographically, sales grew by 78% in Hungary, by 11% in Poland and by 6% in Ukraine. However, they fell by 35% in Italy, by 17% in Slovakia, by 7% in Germany, by 10% in North Macedonia and by 6% in both Croatia and Romania.
Despite its sales and earnings growth, Masterplast’s net loss widened to €14.9m, more than triple its 2024 loss of €4.6m. The figure for 2025 included one-off losses of €7m, related to the discontinuation of a stone wool insulation plant project in Central Europe, and €2.6m in provisions for the closure of the group’s extruded polystyrene (XPS) production unit.
During 2025, Masterplast noted increased capacity utilisation at its expanded polystyrene (EPS) and XPS plants in Serbia. Other production units fell short of 2024 levels, while overall cost efficiency increased.
