NASDAQ$GSM
Ferroglobe Plc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Ferroglobe reported a decrease in sales and net income for Q1 2025, with adjusted EBITDA turning negative, while maintaining positive free cash flow.
Ferroglobe reported a challenging first quarter of 2025 with sales decreasing by 16.4% quarter-over-quarter and 21.6% year-over-year to $307.2 million. The company posted a net loss of $66.5 million and adjusted EBITDA of $(26.8) million, reflecting an uncertain market environment and lower pricing. Despite this, Ferroglobe generated positive free cash flow of $5.1 million and maintained a strong balance sheet with no net debt.
- Adjusted EBITDA was $(26.8) million, a significant decrease from the prior quarter and prior year, primarily due to lower pricing and higher energy costs.
- The company generated $5.1 million in free cash flow, which was used to pay increased dividends and repurchase shares.
- Sales decreased by 16.4% quarter-over-quarter and 21.6% year-over-year, mainly driven by lower sales volumes and pricing across all portfolio products.
- Ferroglobe repurchased 720,008 shares and increased its quarterly cash dividend to $0.014 per share, demonstrating a commitment to returning capital to shareholders despite the challenging quarter.
Headline financials
Revenue & EPS history
Ferroglobe · Revenue · Quarterly
$307M
Revenue by segment
Ferroglobe · $276M total across 3 segments · Q3 2025
- Silicon Metal$99M—35.9%
- Silicon-Based Alloys$92.3M—33.5%
- Manganese-Based Alloys$84.4M—30.6%
Forward guidance
Ferroglobe anticipates significant improvement from the second quarter forward, driven by market trough conditions, supportive trade actions in the U.S., and expected EU safeguard measures.
Tailwinds
- Anticipates significant improvement in adjusted EBITDA from the second quarter forward.
- Believes the market is at or near its trough, suggesting potential for recovery.
- Supportive trade actions in the U.S., including the final ferrosilicon determination and a newly filed petition against unfair silicon metal imports, are expected to benefit the company.
- Expected EU safeguard measures covering main products should begin to benefit the company in the second half of the year.
- Improving demand is expected to translate into higher revenues, positioning local producers like Ferroglobe to regain market share.
Headwinds
- The first quarter adjusted EBITDA was negative, reflecting an uncertain market environment.
- The company expects a modest increase in working capital over the next two quarters as production ramps up in France.
- The current market environment is uncertain, which could impact the pace of recovery.
- The benefits from EU safeguard measures are not expected until the second half of the year.
- The company's outlook is based on assumptions that management believes to be reasonable, but are inherently uncertain, and actual results may differ materially.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.8%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+1.1%
Avg return
30 days after
60%
31 / 52 earnings
Positive
+31.3%
Q4 2018
Best reaction
-61.9%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -16.1% | -12.8% | -12.6% | |
| Q4 2025 | +4.4% | +2.1% | -22.4% | |
| Q3 2025 | -8.2% | -17.5% | +3.3% | |
| Q2 2025 | +9.5% | -2.7% | +5.9% | |
| Q1 2025 | +2.4% | +17.3% | +20.8% | |
| Q4 2024 | -5.0% | -6.0% | +0.0% | |
| Q3 2024 | +1.9% | -2.1% | +0.0% | |
| Q2 2024 | -1.0% | -4.9% | -11.5% | |
| Q1 2024 | +9.9% | +10.6% | -0.2% | |
| Q3 2023 | +3.8% | -2.2% | +34.9% | |
| Q2 2023 | +6.4% | +15.7% | +12.8% | |
| Q1 2023 | +3.4% | +11.4% | +21.3% | |
| Q4 2022 | +15.6% | +13.3% | +2.5% | |
| Q3 2022 | -19.3% | -22.0% | -38.4% | |
| Q2 2022 | +7.9% | +3.9% | +3.8% | |
| Q1 2022 | +13.9% | +23.7% | +27.4% | |
| Q4 2021 | +19.8% | +15.4% | +7.9% | |
| Q3 2021 | -7.1% | -11.6% | -16.6% | |
| Q2 2021 | +8.7% | +29.2% | +33.9% | |
| Q1 2021 | +6.2% | +4.6% | +27.3% | |
| Q4 2020 | -10.7% | -14.7% | +1.1% | |
| Q3 2020 | +22.3% | +48.4% | +68.8% | |
| Q2 2020 | -2.7% | -13.7% | +31.4% | |
| Q1 2020 | -6.0% | -15.7% | -38.6% | |
| Q4 2019 | -7.8% | -31.2% | -46.2% | |
| Q3 2019 | +8.5% | +21.9% | +46.9% | |
| Q2 2019 | -8.4% | -6.9% | -25.2% | |
| Q1 2019 | +4.1% | +10.8% | +20.9% | |
| Q4 2018 | +31.3% | +30.3% | -2.4% | |
| Q3 2018 | -61.9% | -53.2% | -65.3% | |
| Q2 2018 | -2.9% | +2.1% | +3.6% | |
| Q1 2018 | +7.7% | -5.8% | -16.9% | |
| Q4 2017 | +4.6% | +7.9% | -30.6% | |
| Q3 2017 | -2.3% | -1.2% | +0.1% | |
| Q2 2017 | -4.3% | +4.2% | -4.6% | |
| Q1 2017 | +8.7% | +16.8% | +14.0% | |
| Q4 2016 | +7.3% | +2.7% | -1.4% | |
| Q3 2016 | +1.6% | -0.3% | -0.3% | |
| Q2 2016 | -16.0% | -14.7% | -11.5% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q3 2015 | +10.4% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +6.3% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +4.0% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | +2.6% | — | — | |
| Q3 2013 | -4.0% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | -6.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro