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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 | -24.7% | -18.8% | -825.2% |
| 2024 | $1.6B | $128M | $24M | $164M | 2.8% | -0.4% | -71.5% |
| 2023 | $1.7B | $260M | $83M | $92M | 9.5% | -36.5% | -81.2% |
| 2022 | $2.6B | $725M | $440M | $352M | 58.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 | 513.73 | 474.99 | 460.11 | 432.61 |
| Operating Income | 717.55 | 222.23 | 81.23 | -115.97 |
| EBITDA | 725.48 | 259.60 | 127.99 | -72.77 |
| EBIT | 643.92 | 186.07 | 52.52 | -157.72 |
| Pretax Income | 591.81 | 156.02 | 37.05 | -174.64 |
| Tax Provision | 147.98 | 57.54 | 16.25 | 2.47 |
| Net Income | 440.31 | 82.66 | 23.54 | -170.70 |
| Net Income Common Stockholders | 440.31 | 82.66 | 23.54 | -170.70 |
| Total Expenses | 1,880.37 | 1,427.80 | 1,562.71 | 1,451.09 |
| Interest Expense | 52.11 | 30.05 | 15.47 | 16.92 |
| Interest Income | 0 | 1.68 | 2.56 | 2.90 |
| Selling General And Administration | 482.57 | 413.47 | 409.48 | 386.90 |
| Normalized EBITDA | 792.47 | 292.44 | 154.24 | -29.82 |
| Normalized Income | 490.56 | 103.39 | 44.28 | -136.77 |
| Basic EPS | 2.34 | 0.46 | 0.03 | -0.91 |
| Diluted EPS | 2.32 | 0.46 | 0.03 | -0.91 |
| Tax Effect Of Unusual Items | -16.75 | -12.11 | -5.51 | -9.02 |
| Tax Rate For Calcs | 0.25 | 0.37 | 0.21 | 0.21 |
| Total Unusual Items | -66.99 | -32.84 | -26.25 | -42.95 |
| Total Unusual Items Excluding Goodwill | -66.99 | -32.84 | -26.25 | -42.95 |
| Net Income From Continuing Operation Net Minority Interest | 440.31 | 82.66 | 23.54 | -170.70 |
| 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 |
| Net Interest Income | -58.74 | -33.37 | -17.93 | -15.72 |
| Net Income From Continuing And Discontinued Operation | 440.31 | 82.66 | 23.54 | -170.70 |
| Total Operating Income As Reported | 660.55 | 196.94 | 38.18 | -133.46 |
| Diluted Average Shares | 189.63 | 190.29 | 188.81 | 188.36 |
| Basic Average Shares | 187.82 | 187.87 | 188.15 | 188.36 |
| Diluted NI Availto Com Stockholders | 440.31 | 82.66 | 23.54 | -170.70 |
| Minority Interests | -3.51 | -15.82 | 2.74 | 6.41 |
| Net Income Including Noncontrolling Interests | 443.83 | 98.48 | 20.80 | -177.11 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 443.83 | 98.48 | 20.80 | -177.11 |
| Other Income Expense | -66.99 | -32.84 | -26.25 | -42.95 |
| Other Non Operating Income Expenses | 0.44 | 0 | 0 | 0 |
| Special Income Charges | -57 | -25.29 | -43.05 | -17.49 |
| Gain On Sale Of Ppe | -0.46 | 0 | 0 | 0 |
| Gain On Sale Of Business | 0 | 0 | 0 | 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 |
| Net Non Operating Interest Income Expense | -58.74 | -33.37 | -17.93 | -15.72 |
| Total Other Finance Cost | 6.63 | 5 | 5.02 | 1.70 |
| Interest Expense Non Operating | 52.11 | 30.05 | 15.47 | 16.92 |
| Interest Income Non Operating | 0 | 1.68 | 2.56 | 2.90 |
| Other Operating Expenses | 15.24 | 50.24 | 37.83 | 34.13 |
| Other Taxes | 15.92 | 11.28 | 12.80 | 11.58 |
| Selling And Marketing Expense | 78.25 | 51.41 | 61.94 | 59.10 |
| General And Administrative Expense | 404.32 | 362.05 | 347.54 | 327.80 |
| Other Gand A | 74.55 | 40.69 | 52.69 | 41.78 |
| Insurance And Claims | 14.96 | 15.51 | 14.98 | 15.37 |
| Salaries And Wages | 314.81 | 305.86 | 279.86 | 270.65 |
| Operating Revenue | 2,597.92 | 1,650.03 | 1,643.94 | 1,335.12 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ferroglobe PLCthis co. | GSM | $839M | - | 1.41 | -24.7% | -28.41 |
| Ramaco Resources, Inc. | METC | $956M | - | 2.00 | -10.6% | 72.74 |
| NWPX Infrastructure, Inc. | NWPX | $829M | 24.16 | 2.09 | 9.0% | 13.51 |
| Kronos Worldwide, Inc. | KRO | $826M | - | 1.10 | -14.8% | 81.56 |
| Koppers Holdings Inc. | KOP | $798M | 13.91 | 1.36 |
| 9.8% |
| 7.98 |
| Dakota Gold Corp. | DC | $708M | - | 5.38 | -26.3% | -22.19 |
| Contango Silver & Gold Inc. | CTGO | $668M | - | 12.73 | -143.8% | -17.00 |
| AdvanSix Inc. | ASIX | $657M | 13.58 | 0.81 | 6.0% | 7.29 |
| Rayonier Advanced Materials Inc. | RYAM | $633M | - | 1.99 | -128.8% | 9.78 |
| Peer Median | - | 13.91 | 1.99 | -12.7% | 8.88 | |