Befesa Reports Strong Q3 2025 Financial Performance

Befesa S.A. has announced significant financial results for the third quarter of 2025, with adjusted EBITDA rising by 27% year-on-year to €62 million. The company's net income experienced a substantial increase of 318%, totaling €21 million for the quarter. Despite a slight decline in total revenue, down 3% to €892 million for the first nine months, Befesa demonstrated resilience through strategic zinc price hedging and favorable treatment charges.

The Steel Dust segment showed solid performance, with a 27% increase in adjusted EBITDA to €154 million. The completion of the Palmerton plant expansion in the USA contributed to higher volumes, while European operations remained stable amid challenging conditions. Conversely, the Aluminium Salt Slags segment faced setbacks, with EBITDA dropping to €23 million, impacted by compressed metal margins.

Forecasts for Q4 are optimistic, supported by increased EAF dust volumes and beneficial zinc charges. Befesa aims to achieve a net leverage below 2.5x by year-end while investing in the Bernburg expansion to stimulate growth.