Quarterly ResultMay 5, 2026, 05:02 PM
Ferroglobe Q1 Sales $347.7M, Adj. EBITDA $3.3M
AI Summary
Ferroglobe PLC announced Q1 2026 financial results, reporting sales of $347.7 million, a 5.6% increase quarter-over-quarter, and adjusted EBITDA of $3.3 million, a 77.1% sequential decrease. The net loss attributable to the parent significantly improved to $(7.1) million from $(81.0) million in the prior quarter. The company saw strong ferroalloy shipment volumes due to trade measures but faced margin compression from higher logistics and raw material costs. Ferroglobe is actively pursuing a potential restart of Venezuelan operations and leveraging policy shifts towards domestic supply chains for critical materials.
Key Highlights
- Q1 Sales were $347.7 million, up 5.6% quarter-over-quarter and 13.2% year-over-year.
- Q1 Adjusted EBITDA was $3.3 million, down 77.1% Q/Q but up 112.5% Y/Y.
- Net loss attributable to the parent improved to $(7.1) million from $(81.0) million Q/Q.
- Silicon-based alloys revenue increased 18.1% Q/Q to $122.3 million, with shipments up 18.3%.
- Manganese-based alloys revenue rose 15.7% Q/Q to $107.2 million, with shipments up 6.1%.
- Total cash stood at $96.4 million, and net debt was $54.6 million at quarter-end.
- A quarterly dividend of $0.015 per share was paid on March 30, with another payable June 29.