)

Umicore (UMI) investor relations material
Umicore H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
H1 2025 delivered strong results with sustained demand, operational efficiency, and a favorable metal price environment driving significant earnings growth.
Strategic focus on capital allocation, operational excellence, performance culture, and partnerships, with a new reporting structure grouping all battery-related activities.
Efficiency measures yielded over €50M in H1 savings, on track for €100M full-year impact.
Gradual ramp-up of Battery Cathode Materials contracts and continued leadership in next-generation battery technologies.
Foundation businesses and core segments performed strongly, supporting overall growth.
Financial highlights
H1 2025 revenues reached €1.8B; adjusted EBITDA was €433M, up 10% year-over-year; adjusted EBITDA margin improved to 24.3%.
Return on capital employed at 16.4%; adjusted EBIT increased 25% to €302M.
Adjusted net profit group share was €135M; adjusted EPS up 16% to €0.56.
Free cash flow from operations was negative €54M, reflecting higher working capital and equity injection into IONWAY.
Net financial debt at €1.8B; leverage ratio at 2.28x; net gearing ratio at 47.6%.
Outlook and guidance
Full-year 2025 adjusted EBITDA guidance reaffirmed at €790M–€850M.
Battery cathode materials expected to reach breakeven EBITDA for the full year; Battery Materials Solutions group expected at €-20M to €-25M.
Catalysis adjusted EBITDA anticipated slightly above 2024 record; Recycling to remain close to 2024 levels, with some H2 seasonality.
Specialty Materials expected to see modest EBITDA growth; corporate costs to decrease up to 20% year-over-year.
Leverage expected to peak in 2025–2026, then fall below 2x from 2027 as investments finalize.
Next Umicore 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