Replay available

Befesa S.A. (0RVK) Q4 2025 Earnings Call

Befesa S.A. (LSE: 0RVK) Q4 2025 earnings conference call, held 2026-02-26. Replay captured from the company's public earnings webcast.

Thu, February 26, 2026 at 3:00 AMendedReplay
Befesa S.A. (0RVK) Q4 2025 Earnings Call

Hosted by

Featured presenters

Shashi Sekhar

Analyst, Citi

Rafael Perez

CFO, BFESA

Beltran Palazuelo

Analyst, DLTV

Asir Zaronandieh

Group CEO, BFESA

Fabian Piasta

Analyst, Jefferies

Olivier Calvet

Analyst, UBS

Jaime Scribano Maiz

Analyst, Banco Santander

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.315 Ladies and gentlemen, thank you for standing by. 00:00:03.315 -- 00:00:06.819 Welcome to the preliminary full year 2025 00:00:06.819 -- 00:00:10.884 results conference call. I am Jota, the course call operator. 00:00:10.884 -- 00:00:15.830 I would like to remind you that all participants will be in a listen-only mode and the 00:00:15.830 -- 00:00:20.856 conference is being recorded. The presentation will be followed by a question and answer 00:00:20.856 -- 00:00:26.022 session. You can register for questions at any time by pressing start and 1 on your 00:00:26.022 -- 00:00:30.816 telephone. For operator assistance, please press star and zero. 00:00:30.816 -- 00:00:35.021 The conference must not be recorded for publication or broadcast. 00:00:35.021 -- 00:00:39.487 At this time, it's my pleasure to hand over to Rafael Perez, CFO. 00:00:39.487 -- 00:00:41.987 Please go ahead. 00:00:42.290 -- 00:00:47.417 Good morning and welcome to the preliminary four-year 2025 results conference call of 00:00:47.417 -- 00:00:52.463 BFESA. I am Rafael Perez, CFO of BFESA, and this morning I'm joined by a group 00:00:52.463 -- 00:00:58.426 CEO, Azir Zaronandieh. Asir will start with an executive summary of the period. 00:00:58.426 -- 00:01:02.691 Then he will cover the business highlights for the steel dust as well as aluminum salt 00:01:02.691 -- 00:01:04.954 slag recycling businesses. 00:01:04.954 -- 00:01:09.540 I will then review the preliminary full year financials by business and will cover the 00:01:09.540 -- 00:01:14.546 evolution of commodity prices, our hedging program, and finally cash flow, net 00:01:14.546 -- 00:01:18.091 debt, and leverage and capital allocation. 00:01:18.091 -- 00:01:23.326 Asir will close this presentation providing a...