Amsterdam, 21 April 2026. Cabka N.V. (together with its subsidiaries "Cabka", or the "Company"), a company specialized in transforming hard-to-recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announces its trading update for the first quarter of 2026.

Sales for Q1 2026 reached €47.3 million, an increase of 7% compared to Q1 2025 (€44.1 million). The continued execution of our strategy, combined with disciplined cost management, resulted in significantly improved profitability compared to the prior year.

Cabka's Portfolio segment in Europe showed a positive trend in Q1, with revenues increasing 10% year-on-year, while in the US, Portfolio revenues declined 18%, in line with expectations. The strengthened US sales organization continues to build pipeline, with momentum expected to improve over the course of the year.

Pooling & Customized Solutions in Europe remained broadly stable (-1% year-on-year), with solid underlying performance offset by a strong prior-year comparative.

Contract Manufacturing in Europe grew strongly, up 32% year-on-year. The US continued its strategic shift towards Contract Manufacturing to drive higher capacity utilization. Programs launched in H2 2025 contributed in their first full quarter, supporting utilization gains at the St. Louis facility.

The ECO segment remained stable year-on-year (+1% year-on-year), as higher ...