Ence closed the first nine months of the year with losses of seven million euros, which represents a cut of 70% compared to the "red numbers" of 22 million euros recorded in the same period of the previous year, the company reported.
The improvement in the balance is marked by a solid third quarter of 2026, in which the paper and energy group achieved a net attributable profit of over 10 million euros, compared to the losses of 15 million recorded in the same period of 2025. With this result, the company has already accumulated two consecutive positive quarters, after the 0.5 million earned between April and June.
Until September, the gross operating result (Ebitda) rose to 74 million euros, an increase of 5% compared to the 70 million obtained in the first nine months of the previous year.
The turnover of Ence between January and September reached 571 million euros, 2% more on a year-on-year basis. For its part, the net operating result (Ebit) moved into positive territory, with 9.2 million euros, compared to the losses of one million euros from the same period of the previous year.
The accumulated 'cash cost' until September stood at 476 euros per ton, below the 485 euros per ton recorded a year earlier.
In the field of renewable industrial heat, Ence continues to develop its project portfolio. In this third quarter, two facilities have begun production in industrial phase and the company expects that another two will come into operation in the fourth quarter, so it hopes to finish the year with five projects in operation.
In the line of biofertilizers and biomethane, the company has a portfolio of 41 projects, of which 28 are currently in the engineering and administrative processing phase.
Ence estimates to obtain the first Integrated Environmental Authorization (AAI) in the last quarter of 2026, after having achieved in the third quarter a favorable environmental impact declaration, an essential prior milestone to obtain the corresponding AAI.