)
Ferroglobe (GSM) investor relations material
Ferroglobe Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 was marked by weak demand and aggressive low-priced imports, especially in the EU, leading to declines in shipments, sales, and profitability, but regulatory actions and trade measures in the U.S. and EU are expected to improve market conditions in 2026.
Preliminary countervailing and anti-dumping duties have been imposed in the U.S. on silicon metal imports, with further determinations and EU safeguard decisions expected by November 18.
Collaboration with Coreshell on silicon anode technology advanced, with pilot battery shipments to OEMs and commercial deployment expected in early 2026.
A new multi-year energy agreement in France will provide competitive pricing and operational flexibility starting January 2026.
All silicon metal plants in Europe were idled at the end of September due to predatory imports and weak demand.
Financial highlights
Q3 2025 sales were $311.7 million, down 19% sequentially and 28.1% year-over-year, with lower volumes across all product categories.
Adjusted EBITDA was $18.3 million, margin improved to 5.9% due to cost improvements.
Operating cash flow was $20.8 million, a 33% increase over the prior quarter, with positive free cash flow of $1.6 million.
Net debt at quarter-end was $5.2 million, with total cash at $121.5 million and adjusted gross debt at $127 million.
Adjusted diluted EPS improved to $(0.02) from $(0.08) in the prior quarter; net loss attributable to the parent was $12.8 million.
Outlook and guidance
Trade measures in the U.S. and EU are expected to significantly improve market conditions in 2026, with final EU decisions due by November 18.
Steel production is forecasted to grow by 3.2% in Europe and 2.2% in North America in 2026, supporting higher demand for alloys.
Substantial improvement in silicon-based and manganese-based alloys markets is expected in 2026, supported by EU safeguards.
Working capital improvements and cash flow generation remain key priorities, with further releases expected in Q4.
Management is optimistic about a robust market environment in 2026 as trade uncertainties diminish.
Next Ferroglobe earnings date
Next Ferroglobe earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)