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Afarak Group (AFAGR) investor relations material
Afarak Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 declined 25.9% year-over-year to EUR 57.1 million, reflecting lower demand and reduced sales volumes, particularly in Europe due to sectoral weakness and geopolitical disruptions.
EBITDA dropped to EUR 1.6 million (H1 2025: EUR 6.9 million), with a margin of 2.8% (H1 2025: 9.0%). EBIT was EUR 0.5 million (H1 2025: EUR 5.9 million).
Net loss for the period was EUR -0.7 million, compared to a profit of EUR 2.4 million in H1 2025.
Cash flow from operations improved to EUR 1.5 million (H1 2025: EUR 0.1 million).
Financial highlights
Revenue: EUR 57.1 million (H1 2025: EUR 77.1 million).
EBITDA: EUR 1.6 million (H1 2025: EUR 6.9 million); EBITDA margin: 2.8%.
EBIT: EUR 0.5 million (H1 2025: EUR 5.9 million); EBIT margin: 0.8%.
Net loss: EUR -0.7 million (H1 2025: EUR 2.4 million).
Earnings per share: EUR 0.00 (H1 2025: EUR 0.01).
Cash and cash equivalents: EUR 4.9 million at 30 June 2026.
Outlook and guidance
Demand for standard grade low carbon ferrochrome expected to improve post-summer due to low industry inventories.
Weak US dollar and cheap imports from Kazakhstan, Turkey, Brazil, and India to continue pressuring margins and prices.
Specialty segment may see stronger demand recovery; South African chrome ore business expected to remain stable.
Chrome ore demand in China is growing, with prices rebounding after Q2 2026 decline.
- Revenue up, margins down; mine sale and higher capex amid challenging steel markets.AFAGR
H2 2025 - Revenue and profit margins rose in H1 2025, driven by asset sales and higher processing volumes.AFAGR
H1 2025 - Revenue and profit dropped significantly, but chrome ore and South Africa mining showed resilience.AFAGR
H1 2024 - Revenue and margins fell in 2024, but financial stability and cost control were maintained.AFAGR
H2 2024
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