REC Silicon ASA (OTCPK:RNWEF) Q2 2025 Earnings Convention Name August 22, 2025 2:00 AM ET
Firm Individuals
Douglas J. Moore – Company Participant
Company Controller – Company Participant
William Kurtis Levens – President & CEO
William Kurtis Levens
Good morning. My identify is Kurt Levens. I am the CEO of REC Silicon. And with me is Jack Yun, the CFO of REC Silicon. Welcome to the second quarter 2025 Interim Outcomes Presentation. We will undergo some highlights and updates in addition to the monetary assessment, dialogue of the strategic path and actions that we have been enterprise. After which lastly, a abstract of the place we’re at.
We made vital progress in value discount actions within the quarter relative to the prior quarter. We had some advantages of one-off results on our EBITDA that we’ll talk about subsequent that led to a optimistic EBITDA of $4.9 million. Subsequent to quarter finish, Anchor AS accomplished voluntary supply for shares and launched a compulsory share supply.
Extra financing was acquired and remains to be wanted. Moreover, commerce actions and concern across the market results of this have created forecast and demand uncertainty for our silicon gases. Silicon gasoline shipments are in a spread that we’ve settled in for the final 3 quarters. As I said, we’re nonetheless having trade-related results attributable to tariffs and commerce actions on our merchandise, nonetheless, additionally on the products, which require our merchandise.
Anticipated alternatives for quantity enlargement will increase are nonetheless being delayed or suspended. Semi reminiscence market demand remains to be comfortable in comparison with prior intervals and affecting underlying demand, significantly for silane. Then again, our different silicon gasoline shipments proceed to regain quantity and develop by way of sequential quarters on quarters.
Be aware, the opposite revenue impact because of the modification of a lease settlement. This