Afarak

Afarak Group reports a loss for 2025 of EUR 8.9m compared with EUR 7.2m the previous year, while revenue rose from EUR 128.6m to EUR 141.3m. EBITDA fell to EUR -0.2m and EBIT to EUR -2.6m. The amount of processed material increased by 30.6% to 28,407 tonnes, but production volume fell by 31.3% to 251,257 tonnes; the Zeerust mine was sold mid-year. The loss in the second half amounted to EUR 11.4m, cash and cash equivalents were EUR 7.3m and interest-bearing liabilities EUR 3.4m. CEO Guy Konsbruck cited import pressure from India, Kazakhstan, Russia and China as a drag on margins. » Más en de.investing.com

Afarak Group expects EBITDA of about €0.7m for 2025 compared with €2.6m in 2024, even though revenue rose to €141.3m. The reason is disappointing market conditions and a lack of recovery in the stainless steel sector, which led to price pressure, a weaker US dollar and lower chrome ore prices. Additional burdens came from operational delays at the Vlaakport mine, where commissioning of the wash plant and solar plant was postponed to Q1 2026; cost cuts could not offset the margin decline. » Más en de.investing.com

Jorma Nieminen reported that, effective 19 January, he holds a direct and indirect total stake of 13,897,071 shares in Afarak Group, equivalent to 5.02% of the voting rights. Of these, he directly holds 4,586,400 shares (1.66%) and indirectly holds 9,310,671 shares (3.36%) via 4capes Oy and Osuusasunnot Oy. The notification was made in accordance with the Finnish Securities Markets Act; Afarak is listed on NASDAQ Helsinki and the London Stock Exchange. » Más en de.investing.com