Befesa S.A. (0RVK) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the BFESA third quarter 2025 results conference call. I am Yota, the call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Rafael Perez, CFO of the company. Please go ahead. Good morning and welcome to the third quarter 2025 results conference call of Befesa. I am Rafael Perez, CFO of Befesa. This morning, I am joined by a group CEO, Asier Zarraonandia. Asier will start with an executive summary of the period and then he will cover the business highlights of the steel dust as well as aluminum salts like recycling businesses. I will then review the third quarter financials by business, and we'll cover the evolution of commodity prices, of hedging program, and finally cash flow, net debt, leverage, and capital allocation. As here we'll close this presentation, providing an update to the outlook of the rest of 2025, as well as an update on our growth plan. Finally, we will open the lines for the Q&A session. For getting started, let me remind you that this conference call is being webcast live. You can find the link to the webcast of the third quarter 2025 results presentation on our website, www.defesa.com. Now, let me turn the call over to our CEO. Asir, please. Thank you, Rafa. Good morning. So moving to page five of the business highlights. Defesa has delivered strong third quarter results, continuing the solid trend seen in the first half of t...