Belgium's Campine 2025 revenue doubles on strength in antimony market

Campine NV

26/03/2026 17:14

Overview

Belgium specialty chemicals and metals recycler's 2025 revenue more than doubled on strong antimony market

EBITDA more than doubled to record €89 mln, aided by higher antimony prices and Ecobat acquisition

Company acquired Ecobat’s European battery recycling, boosting circular metals business

Outlook

Campine expects mid-year 2026 EBITDA around €40 mln

Campine expects further efficiency improvements at newly acquired Ecobat plants in 2026

Result Drivers

ANTIMONY MARKET VOLATILITY - Surge in antimony metal prices and exit of Chinese suppliers drove revenue and EBITDA growth, though demand softened late in year as prices fell

ECOBAT ACQUISITION - Strategic acquisition of Ecobat’s European battery recycling operations expanded circular metals segment and contributed to EBITDA

PLASTICS RECYCLING INTEGRATION - Integrated sourcing from battery recycling operations boosted plastics recycling sales volumes despite weak market conditions

Company press release: ID:nGNE6XLXP6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 766 mln
FY EBITDA
EUR 89.10 mln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)