Ferroglobe Q1 Sales Rise 13.2% YoY to $347.7M, Adjusted EBITDA $3.3M
Ferroglobe posted Q1 revenue of $347.7M, up 5.6% sequentially and 13.2% year-on-year, while adjusted EBITDA reached $3.3M and net loss narrowed to $7.1M. The company ended March with $96.4M cash, $54.6M net debt and declared a $0.015 quarterly dividend.
1. Q1 Financial Results
In Q1 2026, Ferroglobe recorded sales of $347.7 million, up 5.6% from Q4 2025 and 13.2% from Q1 2025. Adjusted EBITDA was $3.3 million versus $14.6 million in the prior quarter, and net loss narrowed to $7.1 million from $81.0 million. The company held $96.4 million in cash, $54.6 million net debt and paid a $0.015 per share dividend with a new dividend set for June 29.
2. Segment Performance
Silicon metal revenue declined 12.9% sequentially to $84.1 million as average selling price fell 6.9% and shipments dropped 6.4%. Silicon-based alloys sales rose 18.1% to $122.3 million on stable pricing, though EBITDA margin fell to 5.6%. Manganese-based alloys revenue increased 15.7% to $107.2 million, with adjusted EBITDA margin improving to 9.3%.
3. Strategic Initiatives
New U.S. and EU trade measures boosted ferroalloy volumes but logistics and raw material cost increases compressed margins. The company is pursuing a restart of four Venezuelan furnaces with over 100,000 tons of capacity and evaluating production of additional critical materials to capitalize on policy shifts toward secure domestic supply chains.