Carrigrès, the construction aggregates quarry owned by the TEXAF group, closed 2025 with revenue down roughly 17% to 4.2 million euros, from approximately 5 million euros in 2024. The decline came even as demand picked up in the second half of the year, which was not enough to offset weaker market conditions.

The group attributed the drop primarily to a roughly 26% fall in the average selling price of its products. That pressure hurt the unit's performance, which ended the year with a net loss of 20,000 euros, according to the group's annual results, despite a roughly 10% increase in sales volumes.

TEXAF describes the business as particularly volatile, given its dependence on construction market conditions and competition. That volatility is reflected in the unit's recent performance. In 2023, the quarry benefited from strong demand and firm prices, lifting revenue to approximately 6.29 million euros, even as volumes sold fell around 4% from 2022. In 2024, revenue then dropped roughly 19%, amid what the group described as uncertainty over public investment.

Despite the 2025 results, TEXAF said it is continuing to invest in the business. The group said in its report that it has already paid a deposit on a new screen and crusher for the quarry, aiming to improve operational performance.

The Carrigrès quarry, which the group has operated since the 1950s, has an estimated annual capacity of 600,000 tons. The group also estimates recoverable reserves at around 25 million tons. The quarry produces a range of aggregates for the construction sector, from rubble stone to crushed sand, as well as various types of gravel and chippings used in concrete, road construction and civil engineering.

The group noted, however, that part of the quarry's land is illegally occupied by squatters, a situation that could limit future expansion.

Timothée Manoke