Traders should monitor upcoming earnings calls for management's outlook on commodity pricing trends and cost reduction initiatives. The company's ability to stabilize silicon metal prices and manage raw material costs will be critical for recovery. The successful repayment of SEPI loans improves the balance sheet, but the bearish trend in core product pricing remains a significant concern.
Price Chart
Executive Summary
Ferroglobe PLC reported a significant net loss of $177.1 million for 2025, driven by a 18.8% decline in sales to $1.34 billion, primarily due to a 40.8% drop in silicon metal revenue. The company's financial performance was severely impacted by falling product prices, particularly in silicon metal and manganese-based alloys, and increased raw material costs. Despite a 3.3% reduction in staff costs, overall expenses rose as a percentage of sales, leading to an operating loss of $133.5 million. The company maintained a solid liquidity position with $123 million in cash and successfully repaid its SEPI loans.
Key Facts
- Reported a net loss of $177.1 million for 2025, compared to a $20.8 million profit in 2024
- Sales declined 18.8% year-over-year to $1.34 billion, with silicon metal revenue down 40.8%
- Average selling price for silicon metal decreased 10.4% to $2,924/MT, and total shipments fell 34%
- Operating loss was $133.5 million, compared to $38.2 million operating profit in 2024
- Cash and cash equivalents were $122.8 million as of December 31, 2025
- Successfully repaid SEPI loans totaling $38.2 million in 2025
Financial Impact
The company reported a net loss of $177.1 million for 2025, a significant deterioration from the $20.8 million profit in 2024. Sales declined 18.8% to $1.34 billion, with silicon metal revenue down 40.8%.
Risk Factors
- Continued pressure on silicon metal pricing due to global oversupply
- High exposure to energy costs, particularly in Europe where the ARENH benefit expired
- Ongoing challenges with manganese ore supply from Gabon, which experienced shipment delays
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 13 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001104659-26-034859 |
| Document: gsm-20251231xex4d5.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex4d3.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex16d1.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex11d1.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex12d2.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex12d1.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex13d1.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex2d1.htm | 0001104659-26-034859 |
| Document: gsm-20251231xex15d1.htm | 0001104659-26-034859 |
| Document: 0001104659-26-034859-index-headers.html | 0001104659-26-034859 |
| Document: 0001104659-26-034859-index.html | 0001104659-26-034859 |
| Document: 0001104659-26-034859.txt | 0001104659-26-034859 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G/A | $3.99 | awaiting T+5 | — | $3.87 (−3.01%) |
Oct 20, 2026 6d ago | Press Release | $4.19 | awaiting T+5 | — | $3.87 (−7.64%) |
Oct 9, 2026 17d ago | SC 13G/A | $4.10 $4.20 | ▲ +2.44% | ▲ +3.93% | $3.87 (−5.61%) |
Aug 11, 2026 11w ago | Court Ruling | $4.45 $4.05 | ▼ −8.99% | ▼ −8.54% | $3.87 (−13.03%) |
Aug 4, 2026 11w ago | 6-K | $4.15 $4.45 | ▲ +7.23% | ▲ +6.88% | $3.87 (−6.75%) |
Aug 4, 2026 11w ago | Press Release | $4.15 $4.45 | ▲ +7.23% | ▲ +6.88% | $3.87 (−6.75%) |
Jun 18, 2026 18w ago | 6-K | $3.91 $3.42 | ▼ −12.53% | ▼ −10.87% | $3.87 (−1.02%) |
May 5, 2026 24w ago | 6-K | $4.73 $4.01 | ▼ −15.22% | ▼ −16.35% | $3.87 (−18.18%) |
May 5, 2026 24w ago | Press Release | $4.73 $4.01 | ▼ −15.22% | ▼ −16.35% | $3.87 (−18.18%) |
Mar 26, 2026 30w ago | 20-F | $4.28 $4.07 | ▲ +4.91% | ▲ +6.54% | $3.87 (+9.58%) |
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