Half Year 2026 Eramet SA Earnings Call Transcript

Jul 30, 2026 / 07:30 AM GMT

Release Date Price: €42.54 (-0.56%)

Transcript

Key Points

Positve

Adjusted EBITDA increased by 45% year-over-year to EUR 276 million, driven by strong intrinsic performance.
Adjusted free cash flow returned to positive territory at EUR 7 million, reflecting improved cash discipline.
Lithium business unit reached 90% nameplate capacity in June, contributing positively to both EBITDA and free cash flow.
Manganese ore transport volume increased by 6% in Gabon, supported by improved railway performance.
Funding plan is on track, with a EUR 500 million capital increase approved and targeted for Q4 execution.

Negative

Two fatal contractor accidents occurred at Weda Bay in January and May, highlighting safety concerns.
A fire at the Eramet Grand Cote plant in Senegal caused full suspension of operations from March to April, with full recovery not expected until Q1 2027.
Net income group share remained negative at EUR -146 million due to an impairment test on the Senegal asset.
Net debt remained stable at EUR 2 billion, with leverage at 4.5x, indicating further balance sheet strengthening is needed.
Weda Bay nickel operations faced permitting restrictions, limiting production to 12 million tons and resulting in no dividends during the semester.

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

ERMT.PA - Eramet SA
Half Year 2026 Eramet SA Earnings Call
Jul 30, 2026 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and thank you for joining us for our H1 results. I know it's a busy time for most of you with a lot of your results being published today. So thanks for being with us. And I'm pleased to present you what we think are very encouraging results versus the situation that we had only six months ago.

2025, as proved to be a challenging year for Aramet in many respects. And in H1, I think we have demonstrated that we brought back the situation under control.

And despite challenging events at some of our key operations, and especially in Senegal and in Oeda Bay, H1 showed very solid and concrete progress across the group, demonstrating that the management team is fully operational and clearly focused on execution.

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