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Trasteel Reports 40% Revenue Growth in First Half of 2026 Ahead of Nasdaq Listing

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SZZL$10.50 0.00%

Trasteel Holding S.A. generated total revenue of $1.19 billion during the first six months of 2026, marking a 40% increase compared to the same period in 2025. Operating profit surged 153.8% to $37.0 million, while gross profit rose 36.9% to $105.9 million. Earnings before interest, taxes, depreciation, and amortization reached $50.7 million, up 80.8% year over year.

The results reflect expanding operations across the group's steel trading and industrial processing divisions, supported by stabilizing market spreads and contributions from acquired units. Trasteel's first-half performance keeps the company on track to meet its full-year targets, which project revenues between $2.1 billion and $2.5 billion alongside $80 million to $85 million in EBITDA.

Investors are monitoring Trasteel as it prepares to go public on the Nasdaq through a business combination with Sizzle Acquisition Corp. II (NASDAQ:SZZL). Operational expansion also continues, including the recent takeover of the La Magona plant in Italy, full ownership of BBC Alloys, and a new joint venture aimed at expanding market access in the Middle East and North Africa.

Key points

  • First-half 2026 revenue increased 40% year over year to $1.19 billion, while operating profit rose 153.8% to $37.0 million.
  • EBITDA for the six-month period reached $50.7 million, up 80.8% from the first half of 2025.
  • Full-year 2026 projections remain on target, with projected revenue of $2.1 billion to $2.5 billion and EBITDA of $80 million to $85 million.
  • Trasteel completed full ownership of BBC Alloys and assumed operations at Italy's La Magona steel plant ahead of its planned listing via Sizzle Acquisition Corp. II (NASDAQ:SZZL).

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Questions and answers

What were Trasteel's financial results for the first half of 2026?

Trasteel reported $1.19 billion in revenue, up 40% year over year. Gross profit grew 36.9% to $105.9 million, operating profit increased 153.8% to $37.0 million, and EBITDA rose 80.8% to $50.7 million.

What are Trasteel's full-year financial projections for 2026?

Trasteel projects full-year 2026 revenue between $2.1 billion and $2.5 billion, gross profit of $200 million, and EBITDA between $80 million and $85 million.

How is Trasteel planning to go public?

Trasteel plans to list on the Nasdaq through a business combination agreement with Sizzle Acquisition Corp. II (NASDAQ:SZZL).