Elkem faced significant challenges due to weak market conditions, resulting in decreased operating income and negative EPS. However, the company maintained operational stability and achieved recognition in ESG efforts, with a positive outcome from a tax appeal providing some relief.

Company Guidance

During Elkem's second quarter results presentation, the company reported an EBITDA of NOK 803 million, with an EBITDA margin of 10%, despite challenging market conditions and price pressures in key markets. Excluding silicones, which are classified as assets held for sale, the operating income was NOK 4.3 billion, with an EBITDA of NOK 547 million, resulting in a 13% margin. Elkem's Silicon Products division faced weak demand, particularly due to Chinese imports into the EU, while Carbon Solutions delivered stable results, albeit with a lower EBITDA than previous quarters. The Norwegian Ministry of Climate and Environment supported Elkem's complaint for equal treatment in emission quotas, potentially providing NOK 1.3 million additional allowances for 2021-2025. Elkem's strategic review to streamline its portfolio is ongoing, with updates expected in the third quarter. The company continues to focus on ESG initiatives, receiving top ratings from EcoVadis and CDP, and was awarded NOK 33 million from Innovation Norway to pilot green products. Additionally, Elkem secured a contract with NTE for 300 gigawatt hours of renewable power annually from 2028 to 2037, supporting operations at their Salten plant. Despite the current market challenges, Elkem maintains strong cost and market positions, anticipating potential improvements with ongoing safeguard investigations and market stabilization efforts.

Stable Operational Performance

Despite weak second quarter results, Elkem maintained high utilization rates and operational performance due to strong cost positions. EBITDA was NOK 803 million, with a group margin of 10%.

Recognition in Environmental Efforts

Elkem received top ratings from EcoVadis and CDP for its ESG efforts. Additionally, NOK 33 million was awarded from Innovation Norway for green product development.

Renewable Energy Contracts

Elkem secured a new renewable energy contract of 300 gigawatt hours per year with NTE, covering 2028 to 2037, enhancing energy stability.

Positive Tax Appeal Outcome

A successful tax appeal in Norway will result in a reimbursement and cash effect of NOK 205 million in Q3 2025.

Improved Silicones Division Performance

The Silicones division saw increased EBITDA compared to the previous year due to improved sales volume and cost positions.

Elkem ASA (ELKEF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ELKEF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	>-0.01 / -	0.018	―	―	―
Jul 15, 2025	2025 (Q2)	-0.01 / >-0.01	0.131	-101.50% (-0.13)
Apr 30, 2025	2025 (Q1)	0.04 / -0.03	-0.053	38.89% (+0.02)
Feb 12, 2025	2024 (Q4)	0.03 / 0.03	-0.072	136.30% (+0.10)
Oct 24, 2024	2024 (Q3)	0.02 / 0.02	-0.071	125.03% (+0.09)
Jul 12, 2024	2024 (Q2)	0.02 / 0.13	0.006	2125.00% (+0.13)
Apr 18, 2024	2024 (Q1)	-0.03 / -0.05	0.123	-143.20% (-0.18)
Feb 08, 2024	2023 (Q4)	-0.01 / -0.07	0.12	-159.59% (-0.19)
Oct 25, 2023	2023 (Q3)	0.01 / -0.07	0.393	-117.94% (-0.46)
Jul 14, 2023	2023 (Q2)	0.08 / <0.01	0.36	-98.37% (-0.35)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ELKEF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 15, 2025	$2.30	$2.22	-3.48%
Apr 30, 2025	$1.90	$1.75	-7.89%
Feb 12, 2025	$2.00	$1.85	-7.50%
Oct 24, 2024	$1.72	$1.80	+4.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Elkem ASA (ELKEF) report earnings?

Elkem ASA (ELKEF) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Elkem ASA (ELKEF) earnings time?

Elkem ASA (ELKEF) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ELKEF EPS forecast?

ELKEF EPS forecast for the fiscal quarter 2025 (Q3) is >-0.01.

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