Ferroglobe Plc · Q2 2025 earnings

Briefing

Ferroglobe posts $386.9M Q2 sales and $21.6M adjusted EBITDA as volumes rebound, but withdraws guidance amid macro uncertainty

Ferroglobe reported second quarter 2025 sales of $386.9 million, up 25.9% sequentially but down 14.2% year over year, as higher shipment volumes and improved pricing in silicon metal and manganese-based alloys partially offset weaker silicon-based alloy pricing. Net loss attributable to the parent narrowed to $10.5 million ($0.06 diluted EPS) from $66.5 million in Q1, while adjusted EBITDA swung to $21.6 million from $(26.8) million. Management withdrew forward guidance citing elevated macro uncertainty and limited visibility, though it highlighted early benefits from U.S. antidumping duties and an ongoing EU safeguard investigation. The company ended June with $135.5 million in total cash, $10.3 million net cash, repurchased 600,434 shares, and declared a $0.014 quarterly dividend.

• Q2 sales rose 25.9% quarter over quarter to $386.9 million, driven by higher volumes across silicon metal, silicon-based alloys, and manganese-based alloys
• Adjusted EBITDA improved to $21.6 million from $(26.8) million in Q1, though net loss was $10.5 million versus a $34.9 million profit in Q2 2024
• Management withdrew guidance due to macro uncertainty but cited potential support from U.S. trade actions and upcoming EU safeguard decisions
• Total cash was $135.5 million with $10.3 million net cash; the company repurchased 600,434 shares and declared a $0.014 dividend payable September 29

Headline financials

Revenue & EPS history

Ferroglobe withdrew its prior guidance due to elevated macro uncertainty and limited visibility, while noting that upcoming U.S. and EU trade decisions could support fair competition and improved pricing in 2026.