Albemarle(US:ALB)2025-11-06 13:00Q3 2025 Financial Performance - Net sales were $1.3 billion, a decrease of 4% year-over-year[13, 18] - Adjusted EBITDA increased by 7% year-over-year to $226 million, driven by cost and efficiency improvements offsetting lower lithium pricing[13, 18] - Q3 cash from operations increased by 57% year-over-year to $356 million, with year-to-date cash from operations up 29% year-over-year to $894 million[13] - The adjusted EBITDA margin was 17%, an increase of 150 basis points compared to the previous year[18] - Adjusted diluted loss per share attributable to common shareholders improved by 88% to ($0.19)[18] Outlook and Strategy - The company expects to achieve positive free cash flow of $300-400 million in 2025[13] - FY 2025 results are expected to be towards the higher end of the previously published $9/kg scenario ranges[13, 22] - FY 2025 capital expenditures outlook reduced to approximately $600 million[13] - Agreements to sell stakes in Ketjen and Eurecat JV for expected combined pre-tax cash proceeds of approximately $660 million[13, 17] Market Trends - Global EV sales increased by 30% year-over-year through September, led by China and Europe BEVs[13, 37] - ESS battery demand increased by 105% year-over-year through September, driven by strong growth in the US, Europe, and China[13, 42]