)

REC Silicon (RECSI) investor relations material
REC Silicon Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 revenues were $19.9M, with positive EBITDA of $4.9M, supported by a $13.1M lease modification gain; cost reduction and restructuring efforts continue at Moses Lake and Butte.
Trade actions, tariffs, and market access concerns are creating significant demand uncertainty and delaying expansion opportunities.
Additional financing was received post-quarter, but further funding is still required to meet operational and debt service needs.
Anchor AS completed a voluntary offer for 43.94% of shares and launched a mandatory offer after surpassing the 33.3% threshold.
Ongoing legal investigations and compliance with court processes in Norway and the US.
Financial highlights
Q2 2025 revenues were $19.9M, with a 1.8% increase in silicon gas sales volume from Q1; EBITDA was $4.9M, with a 24.4% margin.
Moses Lake segment contributed $9.6M in EBITDA, including a $13.1M gain from lease modifications; Butte segment EBITDA was ($0.3M) due to lower ASPs and planned maintenance.
Cash balance at June 30, 2025, was $8.3M, down $5.5M from Q1; interest payments totaled $7.2M.
Net debt at quarter-end was $447.0M; nominal net debt was $447.3M.
H1 2025 revenues were $41.2M, down from $78.3M in H1 2024, mainly due to the polysilicon exit.
Outlook and guidance
Sequential cost reductions are expected to continue through year-end.
Q3 2025 silicon gases shipment target is 550-600 MT; silicon gas sales projected to grow in H2 2025, led by semiconductor and FPD segments.
PV cell production and battery anode market expected to remain soft due to tariffs, oversupply, and policy delays.
Focus remains on increasing revenues and controlling costs amid challenging market conditions.
Next REC Silicon earnings date

Next REC Silicon 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