Afarak Group reports EUR 8.9 million loss for 2025
#Afarak Group #Financial Loss #Mining Operations #Steel Industry #International Trade #Revenue Growth #Speciality Alloys #EU Market
📌 Key Takeaways
- Afarak Group reported EUR 8.9 million loss for 2025, worse than previous year
- Revenue increased to EUR 141.3 million despite operational challenges
- Company disposed of its Zeerust mine in South Africa mid-year
- CEO cited price pressure from imports and EU steel industry decline as key challenges
📖 Full Retelling
Afarak Group SE (LSE:AFRK, NASDAQ: AFAGR) reported a loss of EUR 8.9 million for 2025 in Helsinki on February 27, 2026, as increased sales were offset by price pressure from international imports and declining EU steel industry performance. The mining and alloys company's financial results showed a deterioration compared to the previous year, when they recorded a loss of EUR 7.2 million, despite achieving higher revenue. Revenue increased to EUR 141.3 million from EUR 128.6 million in 2024, reflecting stronger sales volumes, particularly in their Speciality Alloys division which saw processed material sold increase by 30.6% to 28,407 tonnes. However, the company's EBITDA decreased to EUR -0.2 million from EUR 2.6 million, while EBIT stood at EUR -2.6 million compared to EUR -0.1 million in the previous year, indicating significant margin pressures. The company strategically disposed of its Zeerust mine in South Africa mid-year, which contributed to a 31.3% decrease in tonnage mined to 251,257 tonnes from 365,929 tonnes. In the second half of 2025, revenue reached EUR 64.2 million compared to EUR 57.2 million in the same period of 2024, though the loss widened to EUR 11.4 million from EUR 7.8 million. CEO Guy Konsbruck attributed the challenges to price pressure from imports from India, Kazakhstan, Russia and China, noting that EU steel industry output dropped 3.4% year-on-year, with imported steel reaching a record 27% market share. Despite these difficulties, the company maintained positive cash flow from operations of EUR 2.7 million in the second half and increased cash and cash equivalents to EUR 7.3 million at December 31, up from EUR 4.0 million at the end of 2024, while interest-bearing debt stood at EUR 3.4 million.
🏷️ Themes
Financial Performance, Mining Industry, International Trade
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Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Netflix declines to match Paramount Skydance bid for Warner Bros Gold prices steady near $5,200/oz; strong Feb gains on tap This is where Deutsche Bank sees silver prices ending the year Nvidia CEO Huang said SaaSpocalypse narrative wrong, sees ’deep misunderstanding’ (South Africa Philippines Nigeria) Afarak Group reports EUR 8.9 million loss for 2025 By Investing.com Company News Published 02/27/2026, 04:03 AM Afarak Group reports EUR 8.9 million loss for 2025 0 AFAGR 1.05% HELSINKI - Afarak Group SE (LSE:AFRK, NASDAQ: AFAGR) reported a loss of EUR 8.9 million for 2025, compared to a loss of EUR 7.2 million in 2024, according to a press release statement issued today. Revenue increased to EUR 141.3 million from EUR 128.6 million in the prior year. The company’s EBITDA decreased to EUR -0.2 million from EUR 2.6 million in 2024, while EBIT stood at EUR -2.6 million compared to EUR -0.1 million in the previous year. Speciality Alloys processed material sold increased 30.6% to 28,407 tonnes from 21,759 tonnes. Tonnage mined decreased 31.3% to 251,257 tonnes from 365,929 tonnes. The company disposed of its Zeerust mine in South Africa mid-year. In the second half of 2025, revenue reached EUR 64.2 million compared to EUR 57.2 million in the same period of 2024. The loss for the period totaled EUR 11.4 million, up from EUR 7.8 million in the second half of 2024. Cash flow from operations during the second half was EUR 2.7 million. Cash and cash equivalents at December 31 totaled EUR 7.3 million, up from EUR 4.0 million at the end of 2024. Interest-bearing debt stood at EUR 3.4 million. The company employed 626 personnel at the end of the period, compared to 602 at the end of 2024. CEO Guy Konsbruck stated that while the company increased sales substantially, price pressure from imports from India, Kazakhstan, Russia and China weighed on margins. He noted that EU steel industry output dropped 3.4% year-on-year, wit...
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