Sif has reported continued progress in stabilising production at its facilities, with key indicators showing modest improvement in the third quarter of 2025. The company recorded throughput of 44 Kton, up from 42 Kton in the same period of 2024, bringing year-to-date production to 124 Kton.
Year-to-date contribution rose to €128 million compared to €111 million in the first nine months of 2024, largely supported by offshore wind foundation and structure production. Adjusted EBITDA for the period stood at €26.7 million, a decline from €31.3 million a year earlier, reflecting costs linked to the expansion of manufacturing facilities. The total cash position at the end of September was €55 million, down from €82 million in the previous quarter.
The order book reached 586 Kton at the end of Q3, including 200 Kton under exclusive negotiation for delivery in 2027. Sif confirmed it remains on track with the industrialisation measures and expects full production capacity by the end of Q2 2026.
Chief Executive Officer Fred van Beers said production, contribution and EBITDA all showed improvement over previous quarters, with line modifications performing as expected. He noted that while the offshore wind market remains challenging due to slow tendering and policy uncertainty in parts of Europe, demand is expected to recover as new measures are implemented to support grid connection and project delivery.
