Business
Ferroglobe Reports Second Quarter 2025 Financial Results
Second Quarter Highlights Withdrawing guidance due to elevated macro uncertainty and limited visibilityOngoing EU safeguard investigation expected to reduce
About this update from Ferroglobe Plc
[{"type":"text","content":"Second Quarter Highlights Withdrawing guidance due to elevated macro uncertainty and limited visibilityOngoing EU safeguard investigation expected to reduce import-driven price pressureU.S. antidumping duties positively impacting the ferrosilicon marketReported adjusted EBITDA of $21.6 millionTotal cash of $135.5 million, net cash of $10.3 millionRepurchased 600,434 shares during the second quarterDeclared dividend of $0.014 per share payable on September 29 Added to the Russell 2000 and 3000 indexes on June 30 LONDON, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading global producer of silicon metal, silicon-based and manganese-based specialty alloys, today announced financial results for the second quarter of 2025. Financial Highlights ($ in millions, except EPS) Q2 2025 Q1 2025 %Q/Q Q2 2024 %Y/Y YTD 2025 YTD 2024 %Y/Y Sales $386.9 $307.2 25.9% $451.0 (14.2)% $694.0 $842.9 (17.7)%Net (loss) profit attributable to the parent $(10.5) $(66.5) 84.3% $34.9 130.0% $(76.9) $32.9 (334.2)%Adj. EBITDA $21.6 $(26.8) 180.4% $57.7 (62.7)% $(5.2) $83.5 (106.3)%Adjusted diluted EPS $(0.08) $(0.20) (61.9)% $0.13 (159.6)% $(0.28) $0.13 (307.1)%Operating cash flow $15.6 $19.4 (19.4)% $2.0 678.3% $35.0 $200.1 (82.5)%Capital expenditures1 $15.6 $14.3 9.0% $21.9 (28.7)% $29.9 $40.1 (25.4)%Free cash flow2 $0.0 $5.1 (99.7)% $(19.9) (100.1)% $5.1 $160.0 (96.8)% (1) Cash outflows for capital expenditures(2) Free cash flow is calculated as operating cash flow less capital expenditures Dr. Marco Levi, Ferroglobe’s Chief Executive Officer, commented, “While the second quarter was marked by significant external challenges, including aggressive silicon metal imports into Europe from China and broader geopolitical uncertainty, we remain focused on managing what we can control. We are encouraged by the early benefits that we are seeing from U.S. trade actions, and we believe upcoming decisions in both the U.S. and the EU could provide meaningful support for fair competition and improved pricing. As we look ahead to 2026, we expect these tailwinds, along with disciplined execution and prudent capital allocation, to position Ferroglobe for stronger performance and long-term value creation for our shareholders,” concluded Dr. Levi. Consolidated Sales In the second quarter of 2025, Ferroglobe...