Ferroglobe swings to Q2 FY26 profit of $60.4 million; sales rise 8.9% q/q to $378.6 million
GSM•Cash flow and balance sheet improve
Operating cash flow was USD 37 million, swinging from a use of cash in Q1 2026; free cash flow was USD 20.4 million.
Net debt narrowed to USD 37.7 million from USD 54.6 million, while total cash ended at USD 93.2 million.
Ferroglobe swings to profit in Q2 FY26
Ferroglobe posted IFRS profit attributable to the parent of USD 60.4 million, swinging from a loss in Q1 2026; diluted EPS was USD 0.32.
Sales rose 8.9% quarter-on-quarter to USD 378.6 million, while adjusted EBITDA climbed to USD 13.1 million from USD 3.3 million.
Management cites fair value adjustment and shipment growth
Management cited a USD 59.9 million positive fair value adjustment on long-term energy contracts; it also highlighted sequential shipment growth led by silicon metal.
