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An update from Afarak Group Plc ( (GB:AFRK) ) is now available.
Afarak Group reported an 8% increase in revenue to EUR 77.1 million for the first half of 2025, alongside improved EBITDA and profit margins compared to the previous year. The company completed the sale of its Ilitha and Zeerust mining assets in South Africa, which generated a gain of EUR 2.4 million. Despite challenges such as geopolitical uncertainties and currency devaluation, Afarak remains the only Western producer of low carbon ferro-chrome, a critical material for various industries. The company plans to enhance its chrome ore production capabilities in South Africa with new investments, including a wash plant and solar energy facility, to improve margins and focus on its remaining assets.
More about Afarak Group Plc
Afarak Group is a specialist alloy producer with a focus on sustainable growth, operating a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The company is listed on NASDAQ Helsinki and the Main Market of the London Stock Exchange.
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