REC Silicon - Third Quarter 2025 Results
REC Silicon - Third Quarter 2025 Results
Oslo, Norway - November 6, 2025: REC Silicon ASA (REC Silicon or the Company)
reported third quarter 2025 revenues from continuing operations of USD 16.9
million compared to USD 19.9 million in the second quarter of 2025. The
Company also reported an EBITDA loss from continuing operations of USD 7.2
million compared to a profit of USD 4.9 million in the prior quarter. The
second quarter's results included a gain of USD 13.1 million in other income,
primarily related to a modification of a long-term lease agreement in Moses
Lake.
EBITDA from the Butte segment was USD 0.1 million for the third quarter of
2025 compared to a loss of USD 0.3 million for the second quarter of 2025.
Silicon gas sales volumes for the third quarter totaled 524 MT compared to 570
MT during the second quarter of 2025. Realized sales prices for silicon gas
increased by 3.6 percent from the previous quarter.
REC Silicon reported cash balances of USD 10.0 million on September 30, 2025,
compared to USD 8.3 million on June 30, 2025. In the third quarter, net cash
inflows from financing activities totaled USD 18.3 million, as a result of new
loans amounting to USD 20.0 million.
"REC Silicon is in a critical transition to a silicon gases-focused company
positioning itself for short-term resilience and longer-term growth when
conditions improve. Our markets are characterized by aggressive competition,
trade policy uncertainties, subdued demand, and delays in key growth drivers.
Adapting to these realities, we are focusing on cost discipline and reshaping
our organization for increased efficiency. In parallel, our near-term
priorities are to monetize non-core assets to strengthen liquidity and secure
funding for our operations. In the longer term, we aim to strengthen our
existing markets while looking for additional opportunities in semiconductor,
solar, panel display, and battery value chains," said Kurt Levens, CEO of REC
Silicon.
For more information, please see the attached third quarter 2025 report and
presentation.
The Company will host a digital presentation of the results today at 8:00 a.m.
CET. The presentation can be accessed at www.recsilicon.com or with the
following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20251106_3/
Following the presentation, it will be opened for questions from the audience.
Webcast participants need to register to post questions.
The presentation and the following Q&A session will be in English.
Contacts
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Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: [email protected]
About REC Silicon
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REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity silicon gases to the solar and electronics industries worldwide.
We combine over 40 years of experience and proprietary technology with the
needs of our customers. Listed on the Oslo Stock Exchange (ticker: RECSI), the
Company is headquartered in Lysaker, Norway.
For more information, go to: www.recsilicon.com
This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-11-06 06:30 CET.