Trasteel Group Announces First Half of 2026 Results Exceed Plan and Are Consistent with Current Projections for FY 2026
Trasteel, the SPAC-merger target of Sizzle Acquisition Corp. II (SZZL), reported H1 2026 revenue of $1.19 billion, up 40% YoY, exceeding internal forecasts. EBITDA rose 80.8% to $50.7 million — roughly 73% of FY 2025's $69.7 million — and management reaffirmed FY 2026 projections of $2.1-$2.5 billion revenue and $80-85 million EBITDA ahead of the planned Nasdaq listing under ticker TSTL. The release also recaps strategic moves: the La Magona plant lease in Piombino (targeting >500,000 tons annual output by end-2027), full ownership of BBC Alloys, and the QTrasteel MENA joint venture with Al Qalaa International Group.
Key figures
- Eps
- 0
- Revenue
- 1192400000
- Guidance
- FY 2026 total revenue $2.1-$2.5 billion; gross profit $200 million; EBITDA $80-85 million
- Revenue Yoy
- 40%
- Ebitda
- 50700000
- Ebitda yoy
- +80.8%
- Gross profit
- 105900000
- Fy2025 ebitda
- 69700000
- Operating profit
- 37000000
- La magona target volume
- >500,000 tons by end of 2027
- Bbc alloys h1 2026 revenue
- EUR 63.9 million (+30% YoY)
AI analysis
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