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Raw materials & energyCapital & Financial Markets 5 Nov 2026

Ence posts over EUR 10m Q3 net profit on hardwood pulp price recovery

Ence reported net profit of over EUR 10m (USD 11m) for the third quarter of 2026, its second consecutive profitable quarter, while its nine-month net loss narrowed to EUR 6.9m (USD 7.7m) from EUR 22m (USD 25m) a year earlier. The Spanish pulp and renewable energy group cited higher short-fibre pulp (BHKP) prices, which averaged EUR 1,195 (USD 1,334) per tonne in the quarter, up 35% year on year, and renewable energy EBITDA that nearly tripled from the second quarter.

Why this mattersA sustained hardwood pulp price recovery is restoring margins at market pulp producers and raising fibre costs for tissue and paper makers that buy BHKP.

  • Q3 2026 net profit exceeded EUR 10m (USD 11m), the second consecutive profitable quarter
  • Nine-month net loss narrowed to EUR 6.9m (USD 7.7m) from EUR 22m (USD 25m) in the same period of 2025
  • Average BHKP price was EUR 1,195 (USD 1,334) per tonne in Q3, up 35% year on year
  • Q3 consolidated EBITDA reached EUR 46m (USD 51m), up about 70% quarter on quarter
  • Nine-month EBITDA rose 5.2% year on year to EUR 74.4m (USD 83.1m)
  • Nine-month revenue totalled EUR 571m (USD 638m), up 2% year on year
Ence
Sources tissueonlinelatinoamerica.com ES
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-08 · Edited before publication: USD conversions are over-precise for EUR 22m, EUR 46m and EUR 571m. Renewable EBITDA 'nearly tripled' quarter on quarter, not tripled. The containerboard input-cost claim was a stretch.
  • 2026-11-08 · Edited before publication: Source says net profit was 'over' EUR 10m; headline added the qualifier. USD conversion of EUR 10m rounded to source precision (USD 11m, not 11.2m).