Ferroglobe Reports Second Quarter 2025 Financial Results

Core Insights - Ferroglobe PLC reported financial results for Q2 2025, highlighting a significant sequential recovery in sales and adjusted EBITDA despite ongoing external challenges [2][3][4]. Financial Performance - Sales for Q2 2025 reached $386.9 million, a 25.9% increase from Q1 2025 but a 14.2% decrease year-over-year [3][4]. - Adjusted EBITDA was $21.6 million, a substantial improvement from a loss of $26.8 million in Q1 2025 [3][13]. - The net loss attributable to the parent improved to $(10.5) million from $(66.5) million in the previous quarter [3][12]. Product Category Highlights - Silicon Metal: Revenue increased to $130.1 million, up 24.4% from Q1 2025, with shipments rising by 22.9% [7][10]. - Silicon-Based Alloys: Revenue rose to $111.7 million, a 22.9% increase quarter-over-quarter, with shipments up 23.8% [8][9]. - Manganese-Based Alloys: Revenue reached $106.2 million, a 42.5% increase from Q1 2025, with shipments increasing by 31.2% [9][10]. Cost and Cash Flow Management - Raw materials and energy consumption for production totaled $253.2 million, a 6.2% increase from the prior quarter, but as a percentage of sales, it decreased to 65.5% [11]. - Operating cash flow was $15.6 million, with total cash at $135.5 million as of June 30, 2025, reflecting a solid liquidity position [16][19]. Strategic Outlook - The CEO emphasized the potential benefits from U.S. trade actions and ongoing EU investigations that could support fair competition and pricing [2][3]. - The company plans to focus on operational efficiency and disciplined capital allocation to enhance long-term shareholder value [2][19].