Navigator Company's Q1 2026 profits plummet 64% amid revenue decline
Navigator Company has reported its first-quarter results for 2026, showing a sharp drop in profits and revenue. The company’s net income fell by 64.3% compared to the same period last year, landing at €17.2 million. Overall revenue also declined, reflecting broader challenges across its business segments.
The company’s total revenue reached €426.8 million, down 19.4% from the previous year. Despite this overall decline, its packaging division performed well, with sales volumes rising by 36% and revenue increasing by 23%. However, the tissue business struggled, seeing a 13% drop in sales volume due to stronger competition in the UK.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell by 43.9% to €64.8 million. The EBITDA margin also shrank to 15.2%, compared to 21.8% in the first quarter of 2025. Net income for the quarter dropped by 34.5% from the previous quarter, reinforcing the downward trend. Financially, Navigator’s net debt grew to €775.4 million, up from €660.3 million in the first quarter of 2025. As a result, the net debt-to-EBITDA ratio climbed to 2.08x, indicating higher leverage.
The latest figures highlight a mixed performance across Navigator’s divisions. While the packaging business showed growth, the tissue sector and overall profitability faced setbacks. The company now carries higher debt, which may influence its financial strategy moving forward.
