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Umicore SA (UMICY)
OTHER OTC:UMICY
Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.23Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive financial and operational story: strong adjusted EBITDA growth (+11%), margin expansion to 24%, disciplined CapEx (EUR 310m), EUR 100m of efficiency savings, significant cash proceeds from a gold sale-and-lease-in and measurable deleveraging (leverage 1.6x). These achievements were balanced against ongoing challenges in Battery Materials (breakeven EBITDA), a still loss-making Battery Recycling unit, hedging that caps upside in a strong metal price cycle, FX and financing headwinds, and short-term operational inefficiencies in recycling. Management emphasized disciplined capital allocation, the supportive foundation businesses (Catalysis, Precious Metals, Specialty Materials), and confidence that adjusted EBITDA should progress in 2026, indicating momentum overall despite sector volatility.Company Guidance
Adjusted EBITDA Growth
Adjusted EBITDA increased 11% year-on-year to EUR 847 million, driven by volume growth across businesses and EUR 100 million of efficiency savings; adjusted EBITDA margin improved from 22% to 24% (≈+2 percentage points).
Strong Cash Generation and Balance Sheet Improvements
Free cash flow from operations was EUR 524 million; cash proceeds from sale-and-lease-in of permanent gold inventory of ~EUR 525 million; net debt reduced to EUR 1.4 billion with leverage down to 1.6x (from 1.9x at end-2024); cash of EUR 1.6 billion after repaying a EUR 500 million convertible bond.
Efficiency Delivery and Cost Discipline
Delivered EUR 100 million of efficiency benefits (target met), which more than offset inflation of EUR 68 million in 2025; group headcount reduced by 3% and COGS/SG&A/R&D reductions accounted for material savings.
Improved Profitability and Returns
Adjusted EBIT rose 21% to EUR 579 million; adjusted net income improved to EUR 288 million (up EUR 33 million) and adjusted EPS rose 13% to EUR 1.20; return on capital employed improved from 12.3% to 15.7%.
CapEx Discipline
Capital expenditures were reduced to EUR 310 million (below original ~EUR 400 million guidance), reflecting disciplined phasing of Battery Cathode investments and selective spending in Recycling and Specialty Materials.
Business Group Strengths — Catalysis & Specialty Materials
Catalysis delivered solid demand and a 27% EBITDA margin, with Auto Cat volumes outperforming ICE markets and fuel cell catalyst deliveries increasing; Specialty Materials posted 16% EBITDA growth with margins approaching 20%, driven by cobalt premium products and strong germanium demand.
Take-or-Pay Contracts Supporting Battery Business
Take-or-pay contractual compensation materially supported Battery Materials revenues (Battery Cathode revenue up ~11% vs 2024), helping offset slower-than-expected ramp-ups and market volatility.
Successful Balance Sheet Optimization Move
Sale and lease-in of permanent gold inventory generated a pretax gain of EUR 486 million, unlocked significant value, reduced finance costs and transferred long-term price risk outside the company (lease rates cited ~0.5–1%).
UMICY Earnings History
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
UMICY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 20, 2026 | $5.50 | $5.40 | -1.93% |
Aug 01, 2025 | $3.99 | $3.87 | -3.03% |
Feb 14, 2025 | $2.72 | $2.48 | -8.71% |
Jul 26, 2024 | $3.65 | $3.46 | -4.99% |
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 Umicore SA (UMICY) report earnings?
Umicore SA (UMICY) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Umicore SA (UMICY) earnings time?
Umicore SA (UMICY) earnings time is at Jul 24, 2026, 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 UMICY EPS forecast?
UMICY EPS forecast for the fiscal quarter 2026 (Q2) is 0.23.