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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Afarak Group
Afarak Group (AFAGR) investor relations material
Afarak Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary30 Oct, 2026
Executive summary
Overall production rose 17.9% in the first nine months of 2026 YoY, primarily driven by South African mines.
Segment performance
Speciality Alloys production was 23,385 mt in Q3, down 2.4% YoY; YTD output was 73,808 mt, down 7.9%.
Speciality Alloys processing was 3,233 mt in Q3, down 46.5% YoY, and 16,996 mt YTD, down 22.6%; mining was 20,152 mt in Q3, up 12.5%, and 56,812 mt YTD, down 2.3%.
South African mine production was 89,733 mt in Q3, up 210.3% YoY, and 183,369 mt YTD, up 32.8%.
Outlook and guidance
Q4 outlook cites recovering LC FeCR consumption and pricing from a low base in Europe; US demand is stronger, supported by the aeronautical sector.
A strengthening USD, CBAM effects and mandatory product liability and recall insurance for ferrochrome products are expected to support results.
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Latest events from Afarak Group
- Revenue fell 25.9% in H1 2026, with net loss and weak demand, but operational cash flow improved.AFAGR
Q2 2026 - Revenue up, margins down; mine sale and higher capex amid challenging steel markets.AFAGRH2 2025
- Revenue and profit margins rose in H1 2025, driven by asset sales and higher processing volumes.AFAGRH1 2025
- Revenue and profit dropped significantly, but chrome ore and South Africa mining showed resilience.AFAGRH1 2024
- Revenue and margins fell in 2024, but financial stability and cost control were maintained.AFAGRH2 2024
Next Afarak Group earnings date
Q4 202626 Feb, 2027
Afarak Group
Next Afarak Group earnings date
Q4 202626 Feb, 2027
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Frequently asked questions
Afarak Group SE is a vertically integrated company specializing in the production of alloys, particularly focusing on ferroalloys and specialty alloys. The company operates mines primarily in South Africa and Turkey, with processing facilities in Germany and Serbia. Its product portfolio includes various types of ferrochrome and silico manganese alloys, which are used across several industries such as automotive, aerospace, nuclear, oil and gas, and power generation. Afarak also markets and trades its products globally through its dedicated sales division, Afarak Trading. The company is headquartered in Helsinki, Finland, and its shares are listed on the NASDAQ Helsinki.