v3.26.1
Segment reporting (Tables)
12 Months Ended
Dec. 31, 2025
Segment reporting  
Schedule of consolidated statements of income and financial position by reportable segment

2025

  ​ ​ ​

North America

  ​ ​ ​

North America

  ​ ​ ​

Europe

  ​ ​ ​

Europe

  ​ ​ ​

Europe

  ​ ​ ​

South Africa

  ​ ​ ​

South Africa

  ​ ​ ​

  ​ ​ ​

Adjustments/

  ​ ​ ​

Silicon Metal

Silicon Alloys

Manganese

Silicon Metal

Silicon Alloys

Silicon Metal

Silicon Alloys

Other segments

Eliminations (*)

Total

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

Sales

 

284,395

265,833

363,929

220,946

149,516

7,844

79,524

30,148

(67,014)

 

1,335,121

Sales to third parties

284,272

265,248

350,547

210,037

144,965

5,417

62,576

12,059

1,335,121

Intercompany sales

123

585

13,382

10,909

4,551

2,427

16,948

18,089

(67,014)

Raw materials

 

(147,940)

(111,876)

(242,845)

(133,868)

(127,870)

(11,919)

(45,512)

(14,601)

67,074

 

(769,357)

Energy consumption for production

(60,067)

(33,948)

(37,372)

1,793

(7,674)

(1,441)

(22,759)

(2,706)

(164,174)

Other operating income

 

9,148

701

29,934

37,671

8,048

13

98

41,711

(44,489)

 

82,835

Staff costs

 

(58,049)

(43,747)

(33,649)

(61,850)

(27,931)

(1,938)

(11,213)

(32,272)

 

(270,649)

Other operating expense

 

(33,706)

(32,438)

(91,745)

(61,055)

(24,139)

(1,821)

(3,470)

(41,954)

44,429

 

(245,899)

Depreciation and amortization charges

 

(33,200)

(16,730)

(4,637)

(13,297)

(5,672)

(54)

(4,995)

(6,366)

 

(84,951)

Impairment (loss) gain

 

(11,259)

(7,691)

1,834

(372)

 

(17,488)

Other (loss) gain

(281)

(296)

8

12

162

1,401

99

1,105

Operating (loss) profit

 

(50,959)

27,499

(24,076)

(9,652)

(33,876)

(9,526)

(6,926)

(25,941)

 

(133,457)

(*) The amounts correspond to transactions between segments that are eliminated in the consolidation process.

2024

  ​ ​ ​

North America

  ​ ​ ​

North America

  ​ ​ ​

Europe

  ​ ​ ​

Europe

  ​ ​ ​

Europe

  ​ ​ ​

South Africa

  ​ ​ ​

South Africa

  ​ ​ ​

  ​ ​ ​

Adjustments/

  ​ ​ ​

Silicon Metal

Silicon Alloys

Manganese

Silicon Metal

Silicon Alloys

Silicon Metal

Silicon Alloys

Other segments

Eliminations (*)

Total

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

Sales

 

386,429

279,806

367,498

393,278

181,702

67,944

91,021

43,001

(166,740)

 

1,643,939

Sales to third parties

365,429

240,352

350,646

374,373

172,148

51,856

71,581

17,554

1,643,939

Intercompany sales

21,000

39,454

16,852

18,905

9,554

16,088

19,440

25,447

(166,740)

Raw materials

 

(196,522)

(134,153)

(230,727)

(210,391)

(147,642)

(37,452)

(41,599)

(25,133)

167,797

 

(855,822)

Energy consumption for production

(71,025)

(29,051)

(21,924)

4,373

7,699

(22,786)

(34,820)

(3,774)

(171,308)

Other operating income

 

10,987

134

24,902

46,241

5,967

65

83

44,978

(48,979)

 

84,378

Staff costs

 

(57,992)

(43,342)

(31,355)

(71,647)

(23,613)

(6,270)

(9,978)

(35,667)

 

(279,864)

Other operating expense

 

(34,497)

(29,340)

(77,607)

(84,209)

(24,284)

(7,502)

(5,394)

(50,271)

47,922

 

(265,182)

Depreciation and amortization charges

 

(25,632)

(17,209)

(6,550)

(11,458)

(3,692)

(2,863)

(4,622)

(3,437)

 

(75,463)

Impairment (loss) gain

 

(17,962)

(2,629)

(3,646)

(12,953)

(5,862)

 

(43,052)

Other (loss) gain

(892)

(43)

155

68

(6)

1,273

555

Operating (loss) profit

 

(7,106)

26,802

21,608

66,342

(7,441)

(21,817)

(5,315)

 

(34,892)

 

 

38,181

(*) The amounts correspond to transactions between segments that are eliminated in the consolidation process.

2023

  ​ ​ ​

North America

  ​ ​ ​

North America

  ​ ​ ​

Europe

  ​ ​ ​

Europe

  ​ ​ ​

Europe

  ​ ​ ​

South Africa

  ​ ​ ​

South Africa

  ​ ​ ​

  ​ ​ ​

Adjustments/

  ​ ​ ​

Silicon Metal

Silicon Alloys

Manganese

Silicon Metal

Silicon Alloys

Silicon Metal

Silicon Alloys

Other segments

Eliminations (*)

Total

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

Sales

 

505,472

283,180

277,508

307,230

216,465

50,071

109,684

54,921

(154,497)

 

1,650,034

Sales to third parties

465,647

251,936

274,223

297,206

209,627

45,320

68,813

37,262

1,650,034

Intercompany sales

39,825

31,244

3,285

10,024

6,838

4,751

40,871

17,659

(154,497)

Raw materials

 

(240,482)

(137,307)

(226,463)

(206,727)

(160,780)

(16,401)

(45,491)

(30,391)

156,105

 

(907,937)

Energy consumption for production

(72,680)

(27,886)

42,624

103,423

52,371

(27,602)

(36,710)

(4,889)

28,651

Other operating income

 

6,605

3,896

36,628

40,321

21,149

594

(142)

50,655

(58,714)

 

100,992

Staff costs

 

(67,160)

(37,744)

(28,326)

(79,114)

(42,069)

(5,007)

(10,412)

(36,027)

 

(305,859)

Other operating expense

 

(44,304)

(26,840)

(69,897)

(71,632)

(44,132)

(11,223)

(10,718)

(48,309)

56,965

 

(270,090)

Depreciation and amortization charges

 

(32,313)

(15,183)

(7,835)

(6,325)

(3,005)

(1,840)

(4,056)

(2,975)

 

(73,532)

Impairment (loss) gain

 

(21,008)

(1,571)

(3,619)

478

430

 

(25,290)

Other (loss) gain

(71)

(115)

1

79

47

30

(29)

Operating (loss) profit

 

34,059

42,001

22,669

87,255

36,427

(10,930)

2,155

 

(16,555)

 

(141)

 

196,940

(*) The amounts correspond to transactions between segments that are eliminated in the consolidation process.

Schedule of sales by product line

  ​ ​ ​

Year Ended December 31, 

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

US$'000

US$'000

US$'000

Silicon metal

 

430,155

 

726,650

 

722,226

Manganese-based alloys

 

357,724

 

332,845

 

259,197

Ferrosilicon

 

282,560

 

272,386

 

330,946

Other silicon-based alloys

 

115,823

 

131,744

159,441

Silica fume

 

27,705

 

31,323

33,804

Other

 

121,154

 

148,991

144,420

Total

 

1,335,121

 

1,643,939

 

1,650,034

Schedule of non-current assets by geographical area

Year ended December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

US$´000

US$´000

United Kingdom

206

338

United States of America

212,143

241,325

Europe

Spain

130,195

132,385

France

174,536

131,479

Other European Countries

14,719

7,968

Total non-current assets in Europe

319,450

271,832

Rest of the World

123,232

115,024

Total

655,031

628,519