This decline is attributed to stagnant sales in March due to adverse weather conditions and extended payment terms in the construction sector.

Overall operating revenues reached RON 68 million (€13.68 million), a 3.8% decrease from Q1 2024, while operating expenses slightly decreased to RON 69.2 million (€13.92 million).

The company's net loss amounted to approximately RON 1.9 million (€0.38 million).

Irinel Gheorghe, CEO of Sipex, stated: "We are aware of the current market challenges, especially those caused by the lack of fiscal predictability and pressures on operational costs, but we are confident in our long-term strategy. The construction market remains a key pillar of the national economy, and our company is prepared to seize opportunities. Our focus remains on sustainable growth, including the development of a production unit for construction materials."

Despite the challenges, the company's total assets increased to approximately RON 139 million (€27.97 million), nearly a 4% rise, while total liabilities decreased by about 15% to RON 54.5 million (€10.97 million).

For 2025, Sipex has budgeted revenues of over RON 388 million (€78.07 million) and a net profit of RON 14 million (€2.82 million).