During the same period, the gross margin increased by 9% in absolute value, from RON 206.5 million in H1/2025 to RON 224.4 million in H1/2026. The net result was of RON -4 million, compared with a net profit of RON 3.4 million in the first half of 2025. EBITDA amounted to RON 32.4 million, 24% below the level recorded in first half of last year (RON 42.5 million). The division reported negative EBITDA of RON -2.5 million, compared with RON 70 thousand in the same half of last year. Lower volumes, combined with the limited ability to pass higher raw material costs on to customers, led to lower fixed-cost absorption and, consequently, weaker operating profitability.