ROTTERDAM: Global specialty chemicals distributor IMCD N.V. reported a slight dip in a key profit metric for the first nine months of 2025, citing ongoing macroeconomic challenges and negative currency impacts, the company announced Thursday.
The company’s operating EBITA, a measure of earnings, decreased 2% to 394 million euros ($422 million) compared to the same period in 2024. On a constant currency basis, however, it saw a 1% increase.
Revenue for the period grew 3% to 3.68 billion euros, while gross profit rose 2% to 927 million euros. The company’s net result saw a more significant decline, falling 11% to 180 million euros.
“Under the continued challenging macro-economic conditions, we are pleased with our gross profit growth,” said CEO Marcus Jordan in a statement. He credited the performance to a combination of organic growth, successful acquisitions and resilient profit margins.
The results highlighted a divergence between the company’s organic performance and its growth-through-acquisition strategy. Organically, operating EBITA declined by 3%, but this was offset by a 4% contribution from newly acquired businesses.
The third quarter was particularly challenging, with operating EBITA falling 11% year-over-year, which the company attributed to a 10% organic decline.
Geographically, the EMEA region (Europe, Middle East, and Africa) remained IMCD’s largest segment by revenue, posting a 5% increase. The Americas saw a 2% revenue increase, while Asia-Pacific revenue was flat. All regions reported a decrease in operating EBITA margins.
Despite the profit pressures, IMCD has continued an aggressive acquisition strategy, completing six acquisitions and signing two more deals so far in 2025. These acquisitions have expanded its footprint in key markets like Spain, Chile, Italy, India, and South Korea.
The company’s net debt increased to 1.51 billion euros as of Sept. 30, up from 1.28 billion euros at the end of 2024, partly due to dividend payments and money spent on acquisitions. Its leverage ratio remains within its loan covenant limits.
Looking ahead, IMCD acknowledged that macroeconomic and political uncertainty makes future demand difficult to predict but expressed confidence in its long-term business model.