The French metallurgical company Vallourec has summarized its results for 2025, reporting a 4% decrease in pipe sales compared to the previous year, totaling 1.24 million tons. This information comes from the latest corporate report.
This is reported by Finway
Operational Results and Financial Indicators of Vallourec
In the fourth quarter of 2025, pipe sales decreased by 7.4%, amounting to 335 thousand tons. At the same time, the company demonstrated growth in iron ore sales: from January to December 2025, they reached 6.2 million tons, which is a 14.8% increase year-on-year. For the fourth quarter, this figure was 1.5 million tons, exceeding the same period last year by 0.2 million tons.
EBITDA for the fourth quarter of 2025 remained at €214 million, fully aligning with the company’s forecasts and last year’s results. Financial indicators were affected by currency fluctuations, which led to a decrease of €10 million, as well as a reduction in pipe production volumes.
As a result, EBITDA for the year amounted to €819 million, while in 2024 this figure was €832 million. The forecast for the first quarter of 2026 anticipates EBITDA fluctuations between €165 and €195 million.
Strategic Priorities and Focus on New Energy
Vallourec expects further growth in pipe sales in North America. The company notes that in 2025 it managed to increase its market share in this region. Although a slight decline in prices in the U.S. is expected in the near term, the company’s analysts predict a gradual recovery of the market situation throughout the year.
Regarding international markets, a decrease in pipe sales is anticipated in the first half of 2026 due to a slowdown in order bookings in the second half of 2025. At the same time, Vallourec notes positive dynamics in key markets in the Middle East.
“In 2026, the company will focus on profitable growth through enhanced research, development, and investment in addressing energy challenges. Special attention will be given to the development of new energy sources: Vallourec has recently initiated collaboration with XGS Energy in advanced geothermal technologies and signed a memorandum of understanding with Baker Hughes in the hydrogen sector,” emphasized Philippe Guillemot, Chairman of the Board and CEO of the company.
The management of Vallourec highlights particularly strong momentum in geothermal markets, opening new opportunities for the company’s development in the direction of clean energy.