Ferroglobe PLC (GSM) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.698 Good morning, ladies and gentlemen, and welcome to Ferraglobe's third quarter 2025 earnings 00:00:06.698 -- 00:00:12.403 call. At this time, all participants are in a listen-only mode. 00:00:12.403 -- 00:00:17.489 Later, we will conduct a question and answer session and instructions will be given 00:00:17.489 -- 00:00:22.674 at that time. As a reminder, this conference call may be recorded. 00:00:22.674 -- 00:00:27.918 I would now like to turn the call over to Alex Rottenen, Ferroglobe's 00:00:27.918 -- 00:00:33.102 Vice President of Investor Relations. You may begin. 00:00:35.307 -- 00:00:40.473 Good morning, everyone, and thank you for joining Ferroglobe's third quarter 2025 conference 00:00:40.473 -- 00:00:45.759 call. Joining me today are Marco Levy, our Chief Executive Officer, 00:00:45.759 -- 00:00:50.004 and Beatriz Garcia-Cos, our Chief Financial Officer. 00:00:50.004 -- 00:00:54.790 Before we get started with some prepared remarks, I'm going to read a brief statement. 00:00:54.790 -- 00:00:59.835 Please turn to slide two at this time. Statements made by management during this 00:00:59.835 -- 00:01:04.342 conference call that are forward looking are based on current expectations. 00:01:04.342 -- 00:01:08.849 Factors that could cause actual results to differ materially from those forward looking 00:01:08.849 -- 00:01:13.896 statements can be found in Ferroglobe's most recent SEC filings and 00:01:13.896 -- 00:01:20.043 the exhibits to those filings, which are available on our website at ferroglobe.com. 00:01:20.566 -- 00:01:25.113 In addition, this discussion includes references to EBITDA, 00:01:25.113 -- 00:01:30.536 adjusted EBITDA, adjusted gross debt, adjusted net debt, and adjusted 00:01:30.536 -- 00:01:35.302 diluted e...