Tubacex's earnings fell 84% in the first quarter due to the conflict in the Middle East

Tubacex has reduced its net profits by 84% in the first quarter of the year, earning a total of 1.3 million euros, compared to 7.9 million in the same period in 2025.

The published results also reflect a decline in activity , with sales falling 15.4%, from €182.3 million to €154.2 million, in a context of international uncertainty affecting demand.

The company links these data to the instability created bythe conflict in the Middle East , which has affected key sectors such as energy and the tariffs imposed by the United States, which have increased pressure on exports. 

Tubacex specializes in the manufacture of welded pipes and advanced alloys with an important part of the oil-and-gas business, both sensitive to the geopolitical situation.

The company has its main factories in Llodio and Amurrio, from where it articulates much of its industrial production.

In view of this situation, the trade unions point out that the management is considering applying a Temporary Employment Regulation Dossier (ERTE) to adapt the activity to market developments.