Sibelco delivers 7% revenue growth despite challenges

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Sibelco today reported H1 revenue growth (+7%) thanks to a strong performance by its European activities and the first contribution of Strategic Materials Inc. (US glass recycling), which was purchased in June 2024. These contributions could nevertheless only partially absorb the subdued performance of the High Purity Quartz (HPQ) business, which is still recovering from Hurricane Helene and was also impacted by the ongoing tariff negotiations between the US and China. The HPQ revenue and corresponding profitability shortfall, magnified by a weaker US dollar, affected EBITDA (-16%). The lower EBITDA and an increase in working capital impacted cash flow significantly.

Highlights

• Sibelco’s health and safety performance was tragically overshadowed by a fatal incident at our Commerce, California (USA) glass recycling facility in March. We remain resolutely committed to the safety of all employees

• Revenue was EUR 1,153 million, up 7.0% against last year, as we delivered a strong performance in Europe, APAC and South America

• EBITDA fell 15.9% to EUR 233 million as sales of HPQ decreased, magnified by the unfavourable US dollar evolution

• FOCF underperformed due to the lower EBITDA and a deterioration in working capital

• First contribution from Strategic Materials Inc. (US glass recycling), which was purchased in June 2024

• In April we launched the Build 2030 strategy, which sets out a clear path for sustainable growth based on a more evenly balanced contribution of our three core businesses in industrial silica, HPQ and recycled glass

Read the full press release here.


Commenting on the results, Sibelco CEO Hilmar Rode said:

“Despite complex global trade dynamics and constantly shifting tariff policies, Sibelco delivered revenue growth over the first half of 2025 thanks to positive performances in Europe and the first contribution of Strategic Materials Inc. EBITDA was lower due to the subdued performance of our high purity quartz business, which is still recovering from Hurricane Helene and was also impacted by a disruption in exports of high purity quartz from the US to China. The global tariff situation remains unsolved with most of the economic impact yet to come. Given this challenging context we are taking proactive steps to improve cash flow and reduce leverage.”

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