Sibelco today announced strong
for 2025, delivering a solid performance despite a highly challenging global backdrop. Market headwinds were particularly pronounced in the US, where ongoing US–China tariff negotiations impacted our high purity quartz (HPQ) business as it continued its recovery from Hurricane Helene. Softer HPQ sales were offset by strong momentum across our European operations and a first full-year contribution from our US glass recycling business. This allowed us to maintain revenue and EBITDA broadly in line with the previous year, underscoring effective cost control and the resilience of our operating model and strategy.
Highlights
- Revenue was flat year on year. Revenue has grown at a CAGR of 10% from 2020 to 2025
- EBITDA slightly decreased by 3%, underpinned by effective cost control with SG&A costs reduced by 7%. EBITDA has grown at a CAGR of 17% from 2020 to 2025
- Adjusted FOCF decreased from € 239 million to € 85 million, largely from working capital normalisation
- Sibelco’s already solid funding position was strengthened by the successful placement of a 6.5-year bond for an amount of € 350 million
- Sibelco strengthened our North American glass recycling business through the acquisition of the glass recycling business of 2M Resources in Massachusetts, the purchase of a facility in Illinois, and by welcoming Knauf Insulation as a joint venture partner. We also acquired Envy Recycling in the Czech Republic to further bolster our position in Europe
- Following successful completion of our Sibelco 2025 strategy, we launched Build 2030 – a clear and bold vision for further business transformation over the next 5 years
- The Board of Directors will propose to maintain the dividend of € 146 per share for the full year of 2025, for approval by shareholders at the Annual Shareholders’ Meeting in April 2026.
“Our 2025 performance reflects the strength and balance of Sibelco’s operating model and the professionalism of our global team. In the face of significant geopolitical and market headwinds, we delivered modest revenue growth while maintaining EBITDA broadly in line with the previous year. The diversification of our portfolio once again proved its value, with Europe and our US glass recycling business offsetting a subdued HPQ performance. Through our new Build 2030 strategy, we will further strengthen our core business by reinforcing Sibelco’s global leadership in industrial silica, HPQ and recycled glass, while building strong regional leadership positions across other silicate materials.”
Hilmar Rode
CEO
