Semapa reduces net debt to EUR 27.0 million: Semapa stock sits 20.77 percent below high

Published on 10/21/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue fell 8.70 percent to EUR 979.10 million. Semapa stock costs EUR 19.57 on October 21, 2026, below its EUR 24.70 high.

Financial reset and next report

Semapa reduced net financial debt to EUR 27.0 million by June 30, 2026.
First-half revenue fell 8.70 percent to EUR 979.10 million in 2026.
Semapa stock traded at EUR 19.57 at 10:04 a.m. CEST at Lang & Schwarz on October 21, 2026, 20.77 percent below its EUR 24.70 52-week high.
Semapa is scheduled to report nine-month results on November 4, 2026.

Semapa, PTSEM0AM0004, Illustration mit AI erstellt.

Semapa (ISIN PTSEM0AM0004) reduced net financial debt to EUR 27.0 million by June 30, 2026, from EUR 1,006.1 million at the end of 2025, while the stock traded at EUR 19.57 at Lang & Schwarz on October 21, 2026. The balance-sheet change followed the sale of Secil and came alongside weaker operating performance, as Ideal Investisseur reported on October 16, 2026.

Debt falls as earnings weaken

The first-half balance sheet is the clearest change for Semapa. Cash reached EUR 1,066.0 million at June 30, 2026, while the net debt-to-EBITDA ratio fell to 0.09 times from 2.64 times at the end of 2025, according to Ideal Investisseur. The financial reset came at a cost in the operating accounts: first-half revenue declined 8.70 percent to EUR 979.10 million, while EBITDA fell 29.40 percent to EUR 156.80 million.

Net profit reached EUR 570.10 million in the first half of 2026, but the result included a provisional EUR 516.20 million capital gain from the Secil disposal. Excluding that item, profit attributable to shareholders was EUR 53.90 million, down from EUR 89.50 million a year earlier, according to MarketScreener.

What does the debt reset change?

The lower leverage gives Semapa more financial capacity, but the operating comparison remains demanding. EBITDA margin fell to 16.00 percent in the first half of 2026 from 20.70 percent a year earlier, while Navigator generated EUR 868.60 million of group revenue and accounted for 91.00 percent of group EBITDA, based on the first-half accounts summarized by MarketScreener. That combination leaves the stock tied to Navigator's recovery as much as to Semapa's stronger balance sheet.

Three dates define the reset

On March 23, 2026, Semapa completed the sale of Secil for EUR 1.081 billion, according to MarketScreener. On June 30, 2026, net financial debt stood at EUR 27.0 million, down from EUR 1,006.1 million at year-end 2025, as Ideal Investisseur reported. On October 16, 2026, the same review highlighted the 29.40 percent EBITDA decline for the first half.

Next results arrive November 4

Semapa is scheduled to publish its first nine-month results on November 4, 2026, according to Ideal Investisseur. The report will show whether the improved financial position is beginning to offset the pressure visible in Navigator's revenue and margin figures.

Stock stays below its yearly high

Semapa stock was 20.77 percent below its EUR 24.70 52-week high, based on the current Lang & Schwarz price of EUR 19.57 and the latest market range. Its market capitalization was EUR 1.6 billion, while the primary listing is on Euronext Lisbon.

Semapa stock was trading at EUR 19.57 at Lang & Schwarz on October 21, 2026 at 10:04 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Semapa stock.