EPC Group Reports 6% Growth in Consolidated Business to EUR 591.9 Million in 2025
Global leader in civil explosives, EPC Group, increased its consolidated revenue to EUR 591.9 million in 2025, up by 6% from the previous year. This growth was driven by uneven dynamics across geographical regions, with a significant rebound in Europe Mediterranean America offsetting a decline in Africa Asia Pacific.
Consolidated Business Performance
EPC Group's consolidated business grew by 6.0% in 2025, reaching EUR 591.9 million, with constant exchange rates and scope, in a context of stable prices. This growth primarily stemmed from three sectoral drivers: Explosives and Mining Drilling increased by 4.5%, Urban Mining by 9.1%, while Global Technical Solutions saw a spectacular rise of 103.9%. The consolidated business excluding joint ventures reached EUR 539.2 million, up by 10.0% from EUR 490.2 million in 2024, representing a growth of 9.4% with constant exchange rates and scope. The integration of acquisitions of Blastcon Australia and Pirobras positively contributed 1.2 points to the annual growth, while currency fluctuations had a negative impact of 1.2 points.
Performance in Europe Mediterranean America
The Europe Mediterranean America region led the group's performance with an increase of 10.2%, reaching EUR 441.9 million. This region benefited from the ramp-up of activities in Canada with growth exceeding 43%, solid growth in Morocco with a 26% increase, and stable markets in Southern Europe, particularly Italy and Spain. In contrast, the Africa Asia Pacific region saw a decline of 4.6% to EUR 149.9 million, mainly due to a decrease in sales in Saudi Arabia with a negative contribution of EUR 15.6 million and the effects of currency fluctuations related to the US dollar.
Growth Prospects in Africa Asia Pacific
The group believes that the medium-term growth prospects remain positive in the Africa Asia Pacific region due to numerous ongoing mining projects. The mid-2026 start of the multi-year contract with Montage Gold in Ivory Coast, initially lasting five years and expected to generate annual revenue of over EUR 5 million, should contribute to the region's recovery. The complete annual results will be published on Monday, March 30, 2026, after market close.
