EPC Group Secures Several Major Contracts After a Growth-Filled First Quarter
EPC Group reports accelerated growth in the first quarter of 2026 with consolidated activity up by 9.4% to 152.9 million euros. This momentum is supported by the signing of major contracts in the Middle East and Canada, valued at 240 million and 67 million euros respectively. Concurrently, the group faces significant rises in material costs and supply chain disruptions in a tense geopolitical context.
Consolidated Growth Accelerates Despite External Challenges
The consolidated revenue for the first quarter of 2026 stands at 152.9 million euros, marking a 9.4% increase year-over-year (+10.2% on a constant exchange rate and scope basis). This acceleration contrasts with the 6.0% growth recorded over the entire 2025 fiscal year. The integration of Pirobras since June 1, 2025, contributed 1.2 percentage points to this growth, while currency fluctuations (US dollar, Canadian dollar, and British pound) had an adverse impact of 1.9 points.
All business sectors of the group showed progress. Explosives and mining drilling increased by 7.4%, urban mining by 5.5%, and Global Technical Solutions (GTS) by 14.1%. The explosives sector remains the largest with consolidated revenues of 119.5 million euros.
Long-Term Contracts Secure Future Business Prospects
The quarter was also marked by the signing of several major contracts, likely to support the group's future activity. In the Middle East, the MCS joint venture (40% owned by EPC Group) won three contracts in the gold sector, with a combined value of about 240 million euros and lasting 5 to 7 years. Concurrently, EPC Canada secured a long-term contract with IAMGOLD valued at over 100 million Canadian dollars (67 million euros) for a duration of four years, supplemented by an extension of its partnership with Iron Ore Quebec for an additional four years.
Geographically, the Europe Mediterranean America zone grew by 11.3%, while the Africa Asia Pacific zone returned to growth at 4.2% after a decline in 2025. However, this dynamic masks significant regional contrasts: France showed a decline of 10.9% due to unfavorable weather conditions and a decrease in construction, while Spain (+26.5%), Morocco (+20.3% in explosives), and Senegal (+74.5%) recorded robust growth.
