Loading…
Ferroglobe PLC produces and sells silicon metal, and silicon and manganese-based alloys. It provides silicone metal that are used in a range of applications, including construction-related products, electronics, personal care items, and health care, as well as by primary and secondary aluminum producers. The company also offers silicomanganese, which is used as a deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel. In addition, it offers ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; calcium silicon for deoxidation and desulfurization of liquid steel, cast iron pipes coating production, and welding process of powder metal and in pyrotechnics, as well as control the shape, size, and distribution of oxide and sulfide inclusions; and foundry products, such as nodularizers and inoculants for production of iron. Further, the company provides silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon. Additionally, it operates quartz mines in South Africa, Spain, the United States, and Canada; low-ash metallurgical coal mines in the United States; and hydroelectric power plant in France, as well as procures coal, manganese ore, quartz, petroleum and metallurgical coke, electrodes, and additive metals. It serves silicone chemical producers; aluminum and steel manufacturers; auto companies and their suppliers; ductile iron foundries; manufacturers of photovoltaic solar cells and computer chips; and concrete producers. The company was formerly known as VeloNewco Limited and changed its name to Ferroglobe PLC in December 2015. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | $-73M | $-171M | $-12M | -28.7% | -18.8% | -825.2% |
| 2024 | $1.6B | $128M | $24M | $164M | 3.3% | -0.4% | -71.5% |
| 2023 | $1.7B | $260M | $83M | $92M | 11.1% | -36.5% | -81.2% |
| 2022 | $2.6B | $725M | $440M | $352M | 67.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,597.92 | 1,650.03 | 1,643.94 | 1,335.12 |
| Operating Revenue | - | 2,597.92 | 1,650.03 | 1,643.94 | 1,335.12 |
| Cost Of Revenue | - | 1,366.64 | 952.82 | 1,102.59 | 1,018.48 |
| Gross Profit | - | 1,231.27 | 697.22 | 541.35 | 316.64 |
| Operating Expense | - | 513.72 | 474.99 | 460.11 | 432.61 |
| Selling General And Administration | - | 482.57 | 413.47 | 409.48 | 386.90 |
| Total Expenses | - | 1,880.37 | 1,427.80 | 1,562.71 | 1,451.09 |
| Operating Income | - | 717.55 | 222.23 | 81.23 | -115.97 |
| Total Operating Income As Reported | - | 660.55 | 196.94 | 38.18 | -133.46 |
| EBITDA | - | 725.48 | 259.60 | 127.99 | -72.77 |
| Normalized EBITDA | - | 792.47 | 292.44 | 154.24 | -29.82 |
| EBIT | - | 643.92 | 186.07 | 52.52 | -157.72 |
| Interest Income | - | 0 | 1.68 | 2.56 | 2.90 |
| Interest Expense | - | 52.11 | 30.05 | 15.47 | 16.92 |
| Net Interest Income | - | -58.74 | -33.37 | -17.93 | -15.72 |
| Other Non Operating Income Expenses | 0.82 | 0.44 | - | - | - |
| Other Income Expense | - | -66.99 | -32.84 | -26.25 | -42.95 |
| Interest Income Non Operating | - | 0 | 1.68 | 2.56 | 2.90 |
| Interest Expense Non Operating | - | 52.11 | 30.05 | 15.47 | 16.92 |
| Net Non Operating Interest Income Expense | - | -58.74 | -33.37 | -17.93 | -15.72 |
| Pretax Income | - | 591.81 | 156.02 | 37.05 | -174.64 |
| Tax Provision | - | 147.98 | 57.54 | 16.25 | 2.47 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -16.75 | -12.11 | -5.51 | -9.02 |
| Net Income Continuous Operations | - | 443.83 | 98.48 | 20.80 | -177.11 |
| Net Income From Continuing And Discontinued Operation | - | 440.31 | 82.66 | 23.54 | -170.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 440.31 | 82.66 | 23.54 | -170.70 |
| Net Income | - | 440.31 | 82.66 | 23.54 | -170.70 |
| Net Income Common Stockholders | - | 440.31 | 82.66 | 23.54 | -170.70 |
| Net Income Including Noncontrolling Interests | - | 443.83 | 98.48 | 20.80 | -177.11 |
| Normalized Income | - | 490.56 | 103.39 | 44.28 | -136.77 |
| Diluted NI Availto Com Stockholders | - | 440.31 | 82.66 | 23.54 | -170.70 |
| Basic Average Shares | - | 187.82 | 187.87 | 188.14 | 188.36 |
| Diluted Average Shares | - | 189.63 | 190.29 | 188.81 | 188.36 |
| Reconciled Depreciation | - | 81.56 | 73.53 | 75.46 | 84.95 |
| Reconciled Cost Of Revenue | - | 1,366.64 | 952.82 | 1,102.59 | 1,018.48 |
| Total Unusual Items | - | -66.99 | -32.84 | -26.25 | -42.95 |
| Total Unusual Items Excluding Goodwill | - | -66.99 | -32.84 | -26.25 | -42.95 |
| Minority Interests | - | -3.51 | -15.82 | 2.74 | 6.41 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | -57 | -25.29 | -43.05 | -17.49 |
| Gain On Sale Of Business | 0 | - | - | - | - |
| Write Off | - | 0 | -0.48 | 2.63 | 0 |
| Impairment Of Capital Assets | - | 57 | 25.77 | 40.42 | 17.49 |
| Gain On Sale Of Security | - | -9.99 | -7.55 | 16.80 | -25.46 |
| General And Administrative Expense | - | 404.32 | 362.05 | 347.54 | 327.80 |
| Other Gand A | - | 74.55 | 40.69 | 52.69 | 41.78 |
| Salaries And Wages | - | 314.81 | 305.86 | 279.86 | 270.65 |
| Gain On Sale Of Ppe | 1.39 | -0.46 | - | - | - |
| Insurance And Claims | - | 14.96 | 15.51 | 14.98 | 15.37 |
| Total Other Finance Cost | - | 6.63 | 5 | 5.02 | 1.70 |
| Other Operating Expenses | - | 15.24 | 50.24 | 37.83 | 34.13 |
| Selling And Marketing Expense | - | 78.24 | 51.42 | 61.94 | 59.10 |
| Other Taxes | - | 15.92 | 11.28 | 12.80 | 11.58 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ferroglobe PLCthis co. | GSM | $766M | -4.49 | 1.29 | -28.7% | -12.41 |
| LSB Industries, Inc. | LXU | $927M | 37.67 | 1.78 | 4.7% | 9.63 |
| NioCorp Developments Ltd. | NB | $858M | -49.27 | 30.28 | -61.5% | -46.40 |
| Metallus Inc. | MTUS | $838M | -698.65 | 1.22 | -0.2% | 11.55 |
| Koppers Holdings Inc. | KOP | $811M | 14.48 | 1.41 |
| - |
| - |
| - |
| - |
| 9.8% |
| 8.13 |
| SunCoke Energy, Inc. | SXC | $801M | -18.12 | 1.34 | -7.4% | 12.88 |
| Kronos Worldwide, Inc. | KRO | $789M | -7.12 | 1.05 | -14.8% | 65.36 |
| Dakota Gold Corp. | DC | $754M | -25.53 | 6.70 | -26.3% | -24.64 |
| AdvanSix Inc. | ASIX | $595M | 12.07 | 0.73 | 6.0% | 6.70 |
| Peer Median | - | -12.62 | 1.38 | -3.8% | 8.88 | |