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RHI Magnesita Delivers Second-Half Rebound and Targets Margin Rebuild in 2026

Story Highlights
  • RHI Magnesita’s 2025 results show lower sales but strong second-half recovery from pricing, cost savings and regional optimisation.
  • Despite weak steel and industrial markets, the group expects higher 2026 earnings from self-help measures, strong cash flow and deleveraging.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
RHI Magnesita Delivers Second-Half Rebound and Targets Margin Rebuild in 2026

Meet Samuel – Your Personal Investing Prophet

RHI Magnesita NV ( (GB:RHIM) ) just unveiled an announcement.

RHI Magnesita reported 2025 full-year results showing revenue of €3.37 billion and adjusted EBITA of €373 million, slightly down year on year but with a pronounced second-half rebound driven by pricing actions, cost controls and plant-network optimisation against weak global steel and industrial demand. Regionalisation efforts, particularly strong performance in North America and a turnaround in European profitability, combined with the integration of U.S.-based Resco and rising recycling rates, helped offset pressure from Chinese exports, softer industrial project activity and foreign-exchange headwinds.

Despite a modest decline in volumes and margins, cash generation remained robust with free cash flow of €214 million and leverage rising to 2.9x mainly due to the Resco acquisition, while the dividend was maintained at €1.80 per share. Management expects another year of tough market conditions in 2026 but is guiding for a roughly 17% increase in adjusted EBITA driven by continued self‑help and efficiency measures, further raw-material and portfolio optimisation, sustained strong cash conversion and gradual deleveraging, underpinning its strategy to strengthen its competitive position without major near-term M&A outlays.

The most recent analyst rating on (GB:RHIM) stock is a Hold with a £3053.00 price target. To see the full list of analyst forecasts on RHI Magnesita NV stock, see the GB:RHIM Stock Forecast page.

Spark’s Take on GB:RHIM Stock

According to Spark, TipRanks’ AI Analyst, GB:RHIM is a Neutral.

RHI Magnesita NV’s overall stock score reflects a mix of strong technical indicators and positive corporate events, offset by financial performance challenges and a high valuation. The company’s ability to improve margins and governance are positive signs, but financial stability and valuation concerns weigh on the score.

To see Spark’s full report on GB:RHIM stock, click here.

More about RHI Magnesita NV

RHI Magnesita is a leading global supplier of high‑grade refractory products, systems and performance-based solutions used in high‑temperature industrial processes above 1,200°C, serving steel, cement, non‑ferrous metals and glass producers worldwide. The group operates a vertically integrated value chain spanning raw materials, production and recycling across more than 70 sales offices, over 20,000 employees, and a broad manufacturing footprint, targeting faster‑growing regions to leverage its scale and product portfolio.

Average Trading Volume: 18,488

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.58B

Learn more about RHIM stock on TipRanks’ Stock Analysis page.

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