v3.26.1
Property, plant and equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, plant and equipment.  
Schedule of property plant and equipment, net of related accumulated depreciation and impairment.

For the year ended December 31, 2025

Property, Plant

Other Items of

Other Items 

Other Items

Other Fixtures,

and Equipment

Property,

of Leased

of Leased

  ​ ​ ​

Land and

  ​ ​ ​

Plant and

  ​ ​ ​

Tools and

  ​ ​ ​

in the Course of

  ​ ​ ​

Mineral

  ​ ​ ​

Plant and

  ​ ​ ​

Land and

  ​ ​ ​

Plant and

  ​ ​ ​

Buildings

Machinery

Furniture

Construction

Reserves

Equipment

Buildings

machinery

Total

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

Acquisition cost:

Balance at January 1, 2025

226,048

1,214,411

17,477

66,032

69,714

29,712

28,436

51,524

1,703,354

Additions

38

545

521

66,987

516

7,173

7,635

83,415

Disposals and other

(2,116)

(47,295)

(775)

(57)

(37)

(3,562)

(4,727)

(58,569)

Transfers from/(to) other accounts

2,032

75,586

289

(78,529)

(3,377)

3,357

(642)

Exchange differences

22,841

93,792

2,177

5,333

365

1,247

2,812

4,065

132,632

Balance at December 31, 2025

248,843

1,337,039

19,689

59,766

66,702

34,795

34,859

58,497

1,860,190

Accumulated depreciation (Note 27.6):

Balance at January 1, 2025

(133,167)

(801,564)

(5,993)

(3,051)

(10,146)

(14,082)

(32,204)

(1,000,207)

Depreciation and amortization for the period

(2,934)

(68,832)

(273)

(525)

(166)

(2,633)

(7,672)

(83,035)

Disposals and other

2,116

33,455

255

37

3,562

4,097

43,522

Transfers from/(to) other accounts

64

195

(68)

(111)

80

Exchange differences

(11,768)

(70,610)

(724)

(1,068)

(1,304)

(2,608)

(88,082)

Balance at December 31, 2025

(145,689)

(907,356)

(6,803)

(3,576)

(11,343)

(14,457)

(38,498)

(1,127,722)

Impairment (Note 27.8):

Balance at January 1, 2025

(34,319)

(136,491)

(2,928)

(22,070)

(18,536)

(827)

(781)

(215,951)

Impairment gain (losses) for the period

(6,460)

(13,547)

(830)

(6,680)

(385)

(27,902)

Disposals and other

14,078

384

630

15,092

Transfers from/(to) other accounts

(19,011)

19,011

Exchange differences

(2,104)

(12,054)

(402)

(2,400)

(6)

(63)

(17,029)

Balance at December 31, 2025

(42,883)

(167,025)

(3,776)

(12,139)

(18,542)

(827)

(599)

(245,790)

Carrying amount at December 31, 2025

60,271

262,658

9,110

47,627

63,126

4,910

19,575

19,401

486,678

For the year ended 31 December 2024

Property, Plant

Other Items of

Other Items 

Other Items

Other Fixtures,

and Equipment

Property,

of Leased

of Leased

  ​ ​ ​

Land and

  ​ ​ ​

Plant and

  ​ ​ ​

Tools and

  ​ ​ ​

in the Course of

  ​ ​ ​

Mineral

  ​ ​ ​

Plant and

  ​ ​ ​

Land and

  ​ ​ ​

Plant and

  ​ ​ ​

Buildings

Machinery

Furniture

Construction

Reserves

Equipment

Buildings

machinery

Total

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

US$'000

Acquisition cost:

Balance at January 1, 2024

181,037

1,197,462

7,205

145,206

67,091

33,706

26,071

41,314

1,699,092

Additions

65

3,415

5,693

76,097

150

3,850

13,201

102,471

Disposals and other

(97)

(28,173)

(993)

(267)

(4,579)

(34,109)

Transfers from/(to) other accounts

51,924

87,623

6,369

(148,021)

2,700

(3,813)

3,218

Exchange differences

(6,881)

(45,916)

(797)

(7,250)

(77)

(331)

(1,218)

(1,630)

(64,100)

Balance at December 31, 2025

226,048

1,214,411

17,477

66,032

69,714

29,712

28,436

51,524

1,703,354

Accumulated depreciation (Note 27.6):

Balance at January 1, 2024

(119,009)

(821,272)

(1,149)

(2,840)

(10,317)

(12,296)

(30,244)

(997,127)

Depreciation and amortization for the period

(3,003)

(60,411)

(389)

(211)

(182)

(2,582)

(8,211)

(74,989)

Disposals and other

101

25,847

165

267

4,579

30,959

Transfers from/(to) other accounts

(15,742)

20,285

(4,981)

438

Exchange differences

4,486

33,987

361

353

529

1,234

40,950

Balance at December 31, 2024

(133,167)

(801,564)

(5,993)

(3,051)

(10,146)

(14,082)

(32,204)

(1,000,207)

Impairment (Note 27.8):

Balance at January 1, 2024

(22,680)

(77,617)

(2,752)

(78,150)

(18,542)

(827)

(200,568)

Impairment gain (losses) for the period

(888)

(18,105)

(1,352)

(3,784)

(811)

(24,940)

Disposals and other

1,342

1,342

Transfers from/(to) other accounts

(11,166)

(45,529)

877

55,817

Exchange differences

415

3,418

299

4,047

6

30

8,215

Balance at December 31, 2024

(34,319)

(136,491)

(2,928)

(22,070)

(18,536)

(827)

(781)

(215,951)

Carrying amount at December 31, 2024

58,562

276,356

8,556

43,962

66,663

1,030

13,527

18,539

487,196

Schedule of significant assumptions

Post-Tax

Long-Term

EBITDA

Discount Rate

Growth Rate

Margin1

CGU

Alloy

10.27%

2.21%

(10.8%)-31.9%

(1) EBITDA Margin is determined as EBITDA divided by sales

Schedule of impairment write downs / (reversals)

  ​ ​ ​

  ​ ​ ​

2025

2024

  ​ ​ ​

2023

CGU

Segment

US$’000

US$’000

US$’000

Selma

 

Noth America Silicon Metal

 

 

21,008

Alloy

 

Noth America Silicon Metal

 

9,512

2,479

 

Boo

 

Europe Manganese

 

5,541

 

1,570

Cee-Dumbria

 

Europe Silicon Alloys

 

1,808

3,646

 

3,619

Polokwane

 

South Africa Silicon Metal

 

372

12,953

 

Puertollano

 

Other Segments

 

5,862

 

Monzon

Europe Manganese

2,130

Pierrefitte

Europe Silicon Alloys

8,539

Others

 

Other Segments

 

 

(429)

Total

 

27,902

24,940

 

25,768

Schedule Of Sensitivity Changes In Assumptions [Text Block]

Excess of

Sensitivity on

Sensitivity on

Sensitivity on

recoverable

discount rate

long-term growth rate

EBITDA

  ​ ​ ​

Carrying

  ​ ​ ​

value over

  ​ ​ ​

Decrease

  ​ ​ ​

Increase

  ​ ​ ​

Decrease

  ​ ​ ​

Increase

  ​ ​ ​

Decrease

  ​ ​ ​

Increase

Value

carrying value

by 10%

by 10%

by 10%

by 10%

by 10%

by 10%

CGU

 

Dunkirk

 

18,141

 

1,896

 

11,676

 

(8,911)

 

1,574

 

(1,661)

 

(23,174)

 

23,174

Excess of

Sensitivity on

Sensitivity on

Sensitivity on

recoverable

discount rate

long-term growth rate

EBITDA

Carrying

value over

Decrease

Increase

Decrease

Increase

Decrease

Increase

  ​ ​ ​

Value

  ​ ​ ​

carrying value

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

CGU

Alloy

 

70,574

 

(2,479)

 

16,334

(12,761)

 

760

 

(806)

 

(28,191)

 

28,191

Schedule of changes in sensitivity assumptions

Shortfall of

Sensitivity on

Sensitivity on

Sensitivity on

recoverable

discount rate

long-term growth rate

EBITDA

Carrying

value versus

Decrease

Increase

Decrease

Increase

Decrease

Increase

  ​ ​ ​

Value

  ​ ​ ​

carrying value

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

  ​ ​ ​

by 10%

  ​ ​ ​

by 15%

  ​ ​ ​

by 15%

CGU

Alloy

 

53,704

 

(9,512)

 

11,072

 

(8,850)

 

1,947

 

(1,712)

 

(31,459)

 

31,333