{"id":25097,"date":"2026-02-24T20:01:36","date_gmt":"2026-02-24T19:01:36","guid":{"rendered":"https:\/\/ence.es\/?p=25097"},"modified":"2026-02-24T20:01:37","modified_gmt":"2026-02-24T19:01:37","slug":"after-posting-losses-of-e55-million-in-2025-ence-accelerates-its-focus-on-specialty-pulp-and-sees-positive-prospects-for-2026-driven-by-the-rise-in-pulp-prices-which-have-climbed-to-1330-t","status":"publish","type":"post","link":"https:\/\/ence.es\/en\/after-posting-losses-of-e55-million-in-2025-ence-accelerates-its-focus-on-specialty-pulp-and-sees-positive-prospects-for-2026-driven-by-the-rise-in-pulp-prices-which-have-climbed-to-1330-t\/","title":{"rendered":"After posting losses of \u20ac55 million in 2025, Ence accelerates its focus on specialty pulp and sees positive prospects for 2026 driven by the rise in pulp prices, which have climbed to $1,330\/t"},"content":{"rendered":"<ul>\n<li class=\"x_MsoNormal\"><b><span lang=\"EN-US\" data-olk-copy-source=\"MessageBody\">Pulp prices shaped the year\u2019s results.<\/span><\/b><span lang=\"EN-US\"> Financial year 2025 was marked by a decline in celulosa prices, which fell to an average of $1,086\/t. The outlook for 2026 is favourable. Prices have already reached $1,250\/t, with leading producers announcing increases to $1,330\/t.<\/span><\/li>\n<li class=\"x_MsoNormal\"><b><span lang=\"EN-US\">Cash cost down.<\/span><\/b><span lang=\"EN-US\">\u00a0Cash cost closed 2025 at its lowest level since 2022, standing at \u20ac483\/t. The company currently has additional measures underway to reduce it by a further \u20ac30\/t.<\/span><\/li>\n<li class=\"x_MsoNormal\"><b><span lang=\"EN-US\">Collective redundancy procedures.<\/span><\/b><span lang=\"EN-US\">\u00a0The company has reached agreements with workers\u2019 legal representatives and will implement a 15% reduction in its total pulp workforce.<\/span><\/li>\n<li class=\"x_MsoNormal\"><b><span lang=\"EN-US\">Ence continues to develop the largest diversified renewable energy platform based on biomass in the Iberian Peninsula<\/span><\/b><span lang=\"EN-US\">, transforming this raw material into regulated electricity, renewable industrial heat, biomethane and renewable fuels.<\/span><\/li>\n<\/ul>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\" data-olk-copy-source=\"MessageBody\">Ence is moving forward decisively in its transformation into a specialty pulp producer competing with higher-cost long fibre. At year-end 2025, this product category accounted for 30% of Pulp sales, seven percentage points more than in 2024, with an additional margin of \u20ac37\/t compared to standard fibre. The company\u2019s target is for this figure to exceed 62% of sales by 2028.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">A key milestone in this strategy was the start-up, in the fourth quarter of 2025, of the first fluff pulp line at the Navia biofactory, with an annual capacity of 125,000 tonnes. Ence thus becomes the only European producer of eucalyptus-based fluff pulp, competing in the local market with higher-cost long-fibre producers.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">This new product, currently undergoing customer qualification processes, targets the European absorbent hygiene products market and enables the substitution of imports, offering a more cost-competitive alternative to the long fibre it replaces.<\/span><\/p>\n<p class=\"x_MsoNormal\"><b><span lang=\"EN-US\">Commitment to cost reduction<\/span><\/b><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The company remains focused on cost reduction. The measures being implemented have begun to bear fruit, and the 2025 cash cost was the lowest since 2022. It closed at \u20ac483\/t, representing savings of \u20ac70\/t compared to 2022 and \u20ac10\/t compared to 2024.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Additionally, two initiatives are underway to reduce production costs by \u20ac30\/t between 2026 and 2027. The first is the Efficiency and Competitiveness Plan for the Pulp business, aimed at delivering \u20ac22\/t of the projected \u20ac30\/t savings. The second is the cost reduction and decarbonisation plan at the Navia biofactory, designed to generate additional savings of \u20ac8\/t.<\/span><\/p>\n<p class=\"x_MsoNormal\"><b><span lang=\"EN-US\">Progress in the renewable energy platform<\/span><\/b><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">With regard to the renewable energy platform, in 2025 biomass electricity generation reached annual output of more than 1,240 GWh, 6% higher than in 2024. Fourth-quarter generation amounted to 346 GWh (+10% vs. Q4 2024).<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Meanwhile, the industrial heat business, focused on decarbonisation projects for industry, signed three contracts in 2025. A fourth initiative is currently in the start-up phase.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">In the biofertilisers and biomethane business, the company continues to develop its portfolio, with 25 projects at an advanced stage of engineering and administrative processing.<\/span><\/p>\n<p class=\"x_MsoNormal\"><b><span lang=\"EN-US\">Financial results<\/span><\/b><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">At year-end 2025, pulp production stood at approximately 950,000 tonnes. Pulp sales increased by 4% in the fourth quarter, reaching nearly 245,000 tonnes.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">The company closed financial year 2025 with losses of \u20ac55 million, a figure that includes a \u20ac24 million provision related to the impact of the collective redundancy procedures under the Efficiency and Competitiveness Plan.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Notably, EBITDA from biomass electricity generation in the second half of 2025 amounted to \u20ac20 million, implying an annualised EBITDA of \u20ac40 million.<\/span><\/p>\n<p class=\"x_MsoNormal\"><span lang=\"EN-US\">Net financial debt at year-end totalled \u20ac378 million, compared with \u20ac321 million in December 2024.<\/span><\/p>\n<p><img decoding=\"async\" class=\" wp-image-23694 aligncenter\" src=\"https:\/\/ence.es\/wp-content\/uploads\/2026\/02\/RES4T25_ENG-80.jpg\" alt=\"\" width=\"500\" height=\"auto\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pulp prices shaped the year\u2019s results. Financial year 2025 was marked by a decline in celulosa prices, which fell to an average of $1,086\/t. The outlook for 2026 is favourable. Prices have already reached $1,250\/t, with leading producers announcing increases to $1,330\/t. Cash cost down.\u00a0Cash cost closed 2025 at its lowest level since 2022, standing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":25099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>After posting losses of \u20ac55 million in 2025, Ence accelerates its focus on specialty pulp and sees positive prospects for 2026 driven by the rise in pulp prices, which have climbed to $1,330\/t | Ence<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ence.es\/en\/after-posting-losses-of-e55-million-in-2025-ence-accelerates-its-focus-on-specialty-pulp-and-sees-positive-prospects-for-2026-driven-by-the-rise-in-pulp-prices-which-have-climbed-to-1330-t\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"After posting losses of \u20ac55 million in 2025, Ence accelerates its focus on specialty pulp and sees positive prospects for 2026 driven by the rise in pulp prices, which have climbed to $1,330\/t | Ence\" \/>\n<meta property=\"og:description\" content=\"Pulp prices shaped the year\u2019s results. 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