Core Insights - Campine NV is making a strategic investment in the third generation of its proprietary antimony recycling technology, which will enhance its production capacity by an additional 800 to 1,000 tonnes per year of commercial-grade antimony metal from various industrial waste streams [2][4] - The company is transitioning its shares to the Euronext Brussels continuous market, reflecting increased trading activity and demand for its shares [5][6][7] - Campine expects exceptional profitability for 2025, with an EBITDA exceeding EUR 80 million, more than doubling the result achieved in 2024 [11] Investment in Antimony Recycling Technology - The investment in the third generation of antimony recycling technology amounts to approximately EUR 7 million, with the new installation expected to be operational by mid-2027 [4] - Previous generations of technology focused on recycling waste into antimony trioxide, while the new technology will allow for the commercialization of recycled antimony metal to third parties in Europe [3] Market Transition and Trading Activity - Campine's shares have recorded over 10,000 transactions in 2025, prompting the decision to move to the continuous market, which allows for more flexible trading [5][6] - The transition is expected to improve the visibility of Campine's shares and lead to a modest increase in liquidity [7] Antimony Market Update - The antimony market has cooled off, with prices dropping from approximately USD 60,000 per tonne to below USD 40,000 per tonne [7][8] - Demand for antimony is gradually recovering, although prices may ease further due to restored supply from new smelters in Southeast Asia [8] Business Performance and Outlook - Campine maintains a global leadership position in the antimony trioxide market, with integration of acquired Ecobat sites progressing as planned [9] - The company confirms its operational outlook for 2025, expecting record profitability, but acknowledges that sustaining such results may be challenging in 2026 due to market volatility [11][12]