SIPEX, one of the largest distributors of construction and finishes materials from Romania, listed on the Bucharest Stock Exchange, on the AeRO market, announces the financial results for the first half of 2025. The company recorded a turnover of RON 156 million, like the level registered in 2024, in an economic context marked by adjustments in the B2B channel, but with a positive evolution in the Retail channel, which had a 2 percent increase in sales.

Irinel Gheorghe, CEO SIPEX: “The results achieved in the first half of 2025 confirm our ability to adapt and respond quickly to market dynamics. After a first quarter marked by challenges, the performance in the second quarter offset the previous decline. We have continued to prioritize consolidating our market position and have successfully managed the challenges generated by fiscal changes and the labor shortage. Thus, in the first six months of the year we recorded a turnover of RON 156 million and a net profit of RON 2.2 million. We are focusing on expanding our portfolio of products for public works, hospital and road infrastructure, while also exploring new opportunities for business development and sustainable growth.”

Sales from the B2B and Retail channels, which together account for over 99 percent of total sales, recorded a mixed performance in the first half of 2025. The Retail channel saw an increase of 2.3 percent, while the B2B channel was affected by a slowdown in demand and thus recorded a 5.9 percent decrease in sales compared to the first half of 2024.

Key elements of the profit and loss account and balance sheet for H1 2025 compared to H1 2024:

• Operating revenues reached RON 159.6 million, down slightly by 1.1 percent, as a result of decreased sales in the B2B channel.
• Operating expenses totalled RON 156 million, marking a slight decrease of 0.5 percent. Although the costs of goods, which represent 82 percent of the total, decreased by almost 2 percent, this was not enough to offset the pressures generated by the increase in salaries and tax expenses.
• The company recorded a gross profit of RON 3.8 million, down 19.6 percent, a result mainly influenced by the decrease in sales and the increase in personnel expenses.
• The net profit recorded is approximately RON 2.2 million.
• Total assets reached approximately RON 144.8 million, up 8 percent compared to the beginning of the year.
• Total liabilities reach RON 59.7 million, up 25.5 percent, following the increase in short-term liabilities.