Q4 2025 REC Silicon ASA Earnings Call Transcript

Feb 12, 2026 / 07:00 AM GMT

Release Date Price: kr0.29267 (-7.02%)

Transcript

Key Points

Positve

REC Silicon ASA (RNWEF) closed on $20 million in loans during Q4 2025, providing additional liquidity.
The company proposed a fully underwritten rights issue to raise the NOK equivalent of $100 million in new equity, which is expected to stabilize the financial position.
Gas shipments were higher than in Q3 2025, indicating some recovery in certain segments.
The company achieved the highest IBITD contribution of 2025, driven by volume increases and higher value product sales.
Efforts to win qualifications and business at new facilities are ongoing, which could lead to future growth opportunities.

Negative

REC Silicon ASA (RNWEF) reported an EBITDA loss of $3.7 million from continuing operations in Q4 2025.
The company continues to face regional shifts in demand and oversupply in some markets, impacting sales.
Nominal debt increased during the quarter, and the company faces significant debt maturities in 2026.
The company does not have sufficient available cash to meet debt service and operating cash flow requirements without additional support.
There is a lack of visibility in some segments due to geopolitical concerns and market imbalances, affecting overall market recovery.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RECSI.OL - REC Silicon ASA
Q4 2025 REC Silicon ASA Earnings Call
Feb 12, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good evening.

And welcome to the 4th quarter 2025.

Presentation. My name is Kurt Levins. I'm the CEO of RAC Silicon and I'm joined by Jack Yng, our CFO.

Today, we're going to go through the usual highlights and updates.

Find out your review and then spend some time on.

Strategic development.

And recent financing activities.

Followed by a summary of the high points of the quad.

Our Ibi doll loss from continuing operations was $3.7 million in this quarter.

Silicon gas sales.

Still remain a relatively range bound.

Although some segments are now starting to exhibit recovery.

We closed on $20 million in loans in Q4.

And

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