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An update from Afarak Group Plc ( (GB:AFRK) ) is now available.
Afarak Group SE reported an 8% increase in revenue to €77.1 million for the first half of 2025, alongside a significant improvement in EBITDA and profit margins compared to the previous year. The company successfully sold its Ilitha and Zeerust mining assets in South Africa, resulting in a €2.4 million profit, and saw a 28.8% increase in sales of processed specialty alloy materials. Despite challenges such as geopolitical uncertainties and a weak US dollar, Afarak remains the only Western producer of low-carbon ferrochrome, a critical material for various industries, and is focusing on expanding its chrome ore concentrate production in South Africa.
More about Afarak Group Plc
Afarak Group is a manufacturer of specialty alloys, aiming for stable growth. The company operates in the specialty metals sector in Southern Europe and the ferroalloy sector in South Africa. Its shares are listed on NASDAQ Helsinki and the London Stock Exchange.
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