Strong Balance Sheet
Ferroglobe maintained a strong balance sheet with a positive net cash position of $19 million at the end of the first quarter, demonstrating resilience in a challenging market environment.
Positive Impact of Trade Measures
Several regulatory trade measures are expected to stabilize the market and create a more constructive environment, which should benefit Ferroglobe as the largest producer with operations that are nearly 100% backwards integrated.
Silicon-Based Alloys Revenue Increase
Silicon-based alloys revenue increased by 7% in the first quarter, driven by a 9% increase in volume.
Operational Efficiency and Free Cash Flow Generation
Despite challenging market conditions, Ferroglobe generated $5 million of free cash flow by efficiently managing working capital.
Positive Trends in Silicon Beta and Manganese Segments
The silicon beta market showed positive trends with a 9% increase in volume, and the manganese segment continued to show solid demand.