09:00 London, 11:00 Helsinki, 27 February 2026 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) FINANCIAL STATEMENTS RELEASE 2025 H2/25H2/24FY2025FY2024Revenue EUR million 64.257.2141.3128.6EBITDAEUR million-7.1-1.6-0.22.6EBITEUR million-8.5-3.2-2.6-0.1Earnings before taxesEUR million-11.0<td style="width:11.42%;;text-align ...

14:15 London, 16:15 Helsinki, 24 February 2026 - Afarak Group SE ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) PROFIT WARNING – DECREASE IN EBITDA Stock Exchange Release The Board of Directors of Afarak Group SE (“Company”) estimates that despite higher revenue of 141.3 million Euro, EBITDA for the full year 2025 is at approximately 0.7 million Euro, compared to 2.6 million Euro in 2024.In the Interim financial release H1 2025 published on 15th August 2025, the Company stated the following expectat ...

Core Viewpoint - Afarak Group SE has received a notification indicating that Jorma Nieminen's combined ownership in the company has surpassed the 5 percent threshold, now standing at 5.02 percent of total shares and voting rights [1][2]. Shareholding Details - Jorma Nieminen's direct and indirect shareholding in Afarak has increased to 13,897,071 shares, which corresponds to 5.02 percent of Afarak's total shares and voting rights [2]. - The total number of shares and voting rights of Afarak is 277,041,814 [3]. - The breakdown of shares held by Jorma Nieminen includes 4,586,400 direct shares and 9,310,671 indirect shares, resulting in a total of 13,897,071 shares [4]. Company Overview - Afarak Group is a specialist alloy producer focused on sustainable growth, with operations in southern Europe (Speciality Alloys) and South Africa (FerroAlloys) [5].

Core Points - The Board of Directors of Afarak Group SE has approved a capital redemption of EUR 0.005 per share based on the authorization from the Annual General Meeting held on 3 June 2025 [1] - The capital redemption will be distributed to shareholders registered in the Company's shareholders' register on the record date of 13 February 2026, with payments made on 20 February 2026 [2] - Afarak Group is a specialist alloy producer focused on sustainable growth, operating in southern Europe and South Africa, and is listed on NASDAQ Helsinki and the London Stock Exchange [3]

Financial Reporting Schedule - The Company will publish its Full Year 2025 Results on February 27, 2026 [1] - The Annual Report for 2025 will be released during the week commencing March 23, 2026 [1] - The report for the six months ending June 30, 2026, is scheduled for August 14, 2026 [1] - The Annual General Meeting is set for June 9, 2026, with a separate notice to be published prior to the meeting [1] Production Reports - Production reports for Q1 2026 will be issued by April 30, 2026 [2] - Production reports for Q3 2026 will be issued by October 30, 2026 [2] Company Overview - Afarak Group is a specialist alloy producer focused on sustainable growth, with operations in Southern Europe and South Africa [3] - The Company is listed on NASDAQ Helsinki (AFAGR) and the London Stock Exchange (AFRK) [3]

Group 1 - The Financial Supervisory Authority (FIN-FSA) has released information regarding Dr. Danko Koncar, which is not directly related to the company but requires Afarak to inform its shareholders [1] - Afarak Group SE is a specialist alloy producer focused on sustainable growth, with operations in southern Europe and South Africa [2] - The company is listed on both NASDAQ Helsinki and the London Stock Exchange [2] Group 2 - Additional information can be obtained from the company's CEO, Guy Konsbruck, through provided contact details [2] - Financial reports and investor information are accessible on the company's official website [2] - The distribution of the release includes NASDAQ Helsinki, London Stock Exchange, and major media outlets [3]

Core Insights - Afarak Group SE is investing in the production of metallurgical grade chrome ore concentrate, with the first concentrate expected by the end of October 2025 [1][4]. Group 1: Production and Capacity - The chrome ore processing plant at Vlakpoort Mine has a capacity of 10,000 tons of concentrate per month, producing a metallurgical grade 40% chrome concentrate [1]. - The plant will initially operate for 12 hours per day and is powered by green energy, utilizing a photovoltaic solar plant and batteries for independent washing activities [2]. Group 2: Resource and Location - The Vlakpoort Mine is located in the Northern part of the western limb of the Bushveld complex in South Africa, with a proven resource of 6.656 million tons of chrome and 330,314 ounces of PGM [3]. Group 3: Strategic Vision - The CEO of Afarak Group emphasized the company's commitment to improving its value chain and increasing chrome ore concentrate production, with future plans to add a PGM recovery plant to the washing facility [4].

Core Viewpoint - Afarak Group SE reported a mixed performance in Q3 2025, with increased production in the specialty segment but a significant decline in overall mining activity due to the sale of the Zeerust mine and reduced operations in South Africa [1][3]. Production Summary - Specialty Alloys production increased by 28.3% in Q3 2025 compared to Q3 2024, reaching 23,952 metric tons [4]. - Processing volumes rose by 41.3% year-over-year in Q3 2025, totaling 6,039 metric tons [4]. - Mining output decreased by 51.4% in Q3 2025 compared to the same period last year, primarily due to reduced activity in South Africa [3][6]. - South African mining activity dropped by 67.9% year-over-year, while Turkish mining increased by 24.4% [6]. Market Outlook - Demand for chromium ore remains strong in China, driven by reduced production from major South African ferro-chrome producers, leading to higher exports and increased ferro-chrome production in China [5]. - Cr Ore prices in China improved during Q3 2025, with gradual recovery in global market prices for both high and low carbon ferrochrome [6].

Core Insights - Afarak Group reported a 51.4% decrease in overall production for Q3 2025 compared to the same period in 2024, primarily due to reduced mining activity in South Africa following the sale of the Zeerust mine [3][8]. Production Summary - Specialty segment production increased by 23% compared to Q3 2024, with Specialty Alloys production rising by 28.3% year-on-year [2][4]. - Processing volumes saw a 24.4% increase in Q3 2025 compared to the same quarter of the previous year [4]. - Mining activity in South Africa dropped significantly by 67.9% year-on-year, while Turkish mining activity increased by 41.3% over the same period [8]. Demand and Price Trends - Demand for Chrome Ore remains strong in China, with major South African ferro-chrome producers reducing production, leading to higher ore exports and increased ferro-chrome production in China [5]. - Cr Ore prices in China improved during Q3 2025, and world market prices for both high and low carbon ferrochrome are gradually recovering [6]. Challenges and Opportunities - The weakening of the US dollar is impacting the bottom line for chrome products, which are traded as US dollar commodities [6]. - Discussions regarding a possible export quota for Chrome Ore from South Africa have recently resumed, indicating potential regulatory changes [6].

Core Viewpoint - Afarak Group SE has approved the sale of Zeerust's Chrome Mine assets to PLANTCOR MINING AND PLANT HIRE for ZAR 40 million, which is expected to positively impact the company's financial results in 2025 and aid in working capital management [1][2]. Group 1: Transaction Details - The sale includes the plant, assets, and mining rights of Zeerust's Chrome Mine located in South Africa [1]. - The total purchase price for the transaction is ZAR 40 million, approximately 2 million euros, to be paid within the next five working days [2]. Group 2: Financial Impact - The transaction is anticipated to have a positive effect on Afarak Group's financial results in 2025 [2]. - It will contribute to facilitating working capital management for the company [2]. Group 3: Company Overview - Afarak Group is a specialist alloy producer with operations in southern Europe and South Africa, focusing on sustainable growth through its Speciality Alloys and FerroAlloys businesses [3]. - The company is listed on NASDAQ Helsinki and the London Stock Exchange [3].