GRAFTECH INTERNATIONAL LTD Q3 FY25 Results

As we report our third quarter results, I am proud of the progress our team has made in executing our strategic priorities and navigating a complex market environment. Our focused efforts have delivered solid sales volume growth, particularly in the United States, and meaningful reductions in our production costs. In fact, achieving our 2025 sales volume guidance would result in cumulative sales volume growth of over 20% since the end of 2023. Likewise, delivering on our 2025 cost guidance would result in a cumulative decline in our cash cost of goods sold per metric ton of over 30% since the end of 2023. These impressive achievements reflect our commitment to operational excellence and our ability to adapt our commercial approach to capture opportunities in regions with stronger pricing dynamics. While industry-wide challenges persist, our strong liquidity position and disciplined cost management are enabling us to maintain stability and position GrafTech for future growth. As we look ahead to 2026, we are encouraged to see signs of improving steel industry trends in our key regions. Specifically, in the United States, the landscape for the steel industry remains supportive and steel output is expected to increase further in the coming year. In Europe, where the steel industry has been more challenged, we anticipate the recently announced trade policy measures will support a path to recovery. Longer term, we remain confident that the steel industry’s transition toward electric arc furnace technology and broader decarbonization trends will drive sustained demand for our graphite electrodes. By leveraging our vertically integrated production capabilities and continuing to optimize our geographic sales mix, GrafTech is well-positioned to benefit from long-term growth opportunities and deliver value to our customers and shareholders.