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 Points - Afarak Group SE has executed a resolution to reduce its share premium reserve by EUR 25,223,189.79, resulting in a balance of zero in the share premium reserve on its balance sheet [1][2] - The reduced amount has been transferred to the reserve for invested unrestricted equity, and this reduction did not affect the number of shares in the company [2] Company Overview - Afarak Group is a specialist alloy producer focused on sustainable growth, operating a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa [3] - The company is listed on NASDAQ Helsinki and the Main Market of the London Stock Exchange [3]

Core Insights - Afarak Group's production in Q1 2025 increased by 15.2% compared to the same period last year [2][3] Production Summary - Speciality Alloys production reached 26,961 metric tons (mt) in Q1 2025, up from 23,411 mt in Q1 2024, reflecting a 15.2% increase [3] - Processing volumes increased by 7.4%, with Q1 2025 figures at 7,411 mt compared to 6,901 mt in Q1 2024 [4][3] - Mining production saw an overall increase of 18.4% in Turkish mines, with Q1 2025 production at 19,550 mt compared to 16,510 mt in Q1 2024 [3][7] - However, South African mining activity dropped significantly by 26.8%, with Q1 2025 production at 51,413 mt compared to 70,278 mt in Q1 2024, attributed to heavy rainfall affecting operations [3][7]