Lisbon, Feb. 20, 2026 (Lusa) - The Lisbon stock market traded lower on Friday, with Navigator shares falling 3.79% to €3.25 after the company announced a 49.6% drop in profits in 2025.
At around 10:00 in Lisbon, the PSI maintained its opening trend and had fallen 0.29% to 9,068.43 points, with 10 companies down and six up, after closing on Wednesday at a new high since June 2008 of 9,142.99 points.
On Thursday, The Navigator Company reported in a statement that it recorded a net profit of €144.7 million in 2025, down 49.6% from the previous year.
Turnover also fell 5.7% to €1.97 billion, while operating profit before interest, taxes, depreciation and amortisation (EBITDA) reached €376 million, down 31.3% compared to 2024. The margin stood at 19%.
The company also reports that the Tissue and Packaging businesses accounted for 33% of EBITDA.
The fall in international pulp and paper prices, rising energy costs and global instability ‘affected the results,’ the group explains.
Navigator shares were followed by Corticeira Amorim, NOS and Semapa, which also fell in value, by 2.14% to €6.87, 1.95% to €4.78 and 1.28% to €23.10, respectively.
Following the same trend, Galp, REN and Altri shares fell 0.78% to €18.55, 0.54% to €3.71 and 0.42% to €4.75.
The other three shares that fell in price were CTT (-0.28% to €7.15), Sonae (-0.21% to €1.94) and EDP Renováveis (-0.15% to €13.14).
In contrast, Mota-Engil, Ibersol and BCP shares rose 1.48% to €5.13, 0.88% to €11.40 and 0.67% to €0.90.
Shares in Teixeira Duarte, Jerónimo Martins and EDP also rose, 0.38% to €0.52, 0.19% to €21.14 and 0.09% to €4.29.
The main European stock markets were up today, after falling around 1% yesterday, amid escalating tensions between the US and Iran over Tehran's nuclear programme.
European markets fell on Thursday, with some, such as Milan, falling by more than 1% due to the conflict between the US and Iran, about which US President Donald Trump said he could make a decision on a possible attack on Iran in the ‘next ten days’ if the two countries do not reach an agreement on Tehran's nuclear programme.
Wall Street stock futures are up 0.26% for the Nasdaq and 0.15% for the Dow Jones Industrial Average, after closing down 0.31% and 0.54% respectively, on Thursday.
Today, the US Department of Commerce will release, along with personal income and expenditure data, the December reading of the Personal Consumption Expenditures Price Index (PCE), the price variable used by the US Federal Reserve (Fed) to make its projections and design its monetary policy.
Overall PCE growth is expected to have remained stable in December at 2.8%, with core PCE growth recovering to above 3%.
Gold and silver are up, rising 0.61% and 1.40%, respectively.
In the commodities market, Brent crude oil, the benchmark in Europe, for April delivery, fell 0.03% to $71.60.
The euro fell to $1.1767 on the Frankfurt foreign exchange market, compared with $1.1773 on Thursday and $1.1980 on 27 January, a level not seen since June 2021.
MC/ADB // ADB.
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