REC Silicon ASA (0FS8) Q4 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:01.938 -- 00:00:07.764 Good evening, and welcome to the fourth quarter 2025 presentation. 00:00:09.369 -- 00:00:14.397 My name is Kurt Levins. I'm the CEO of RAC Silicon, and I'm joined by 00:00:14.397 -- 00:00:18.540 Jack Yoon, our CFO. 00:00:19.625 -- 00:00:24.870 Today, we're going to go through the usual highlights and updates, 00:00:25.454 -- 00:00:31.604 find out your review, and then spend some time on strategic development, 00:00:31.604 -- 00:00:35.528 and recent financing activities, 00:00:35.528 -- 00:00:41.011 followed by a summary of the high points of the quarter. 00:00:41.413 -- 00:00:46.137 Our EBITDA loss from continuing operations was $3.7 00:00:46.137 -- 00:00:49.279 million in this quarter. 00:00:49.661 -- 00:00:52.343 Silicon gas sales 00:00:52.343 -- 00:00:54.625 still remain relatively 00:00:54.625 -- 00:01:01.029 range bound, although some segments are now starting to exhibit recovery. 00:01:01.473 -- 00:01:06.336 We closed on $20 million in loans in Q4, 00:01:07.000 -- 00:01:11.703 and additional subsequent financial events in 26, 00:01:13.087 -- 00:01:17.372 such as extension of $110 million for 00:01:17.372 -- 00:01:19.993 short-term loans, 00:01:20.095 -- 00:01:24.598 additional $10 million loan in January, 00:01:24.881 -- 00:01:27.642 and earlier this week, 00:01:27.764 -- 00:01:29.967 a proposed 00:01:29.967 -- 00:01:32.067 fully underwritten 00:01:32.067 -- 00:01:34.470 rights issue 00:01:34.470 -- 00:01:38.734 to raise the NOC equivalent of $100 million in 00:01:38.734 -- 00:01:41.035 new equity. 00:01:41.317 -- 00:01:44.799 Gas shipments were higher than in Q3. 00:01:45.301 -- 00:01:48.405 However, shipments still remain 00:01:48.405 -- 00:01:53.969 in the 500 to 600 range that we have been in for the past 00:01:53.971 -- ...