Sibelco today announced robust
in the first half of 2026, demonstrating the strength of its diversified mineral portfolio and disciplined execution amid a complex geopolitical and macroeconomic environment. Despite continued market uncertainty, subdued demand in certain segments and increased energy and transportation costs, revenue and EBITDA remained resilient and in line with expectations. By focusing on the areas within its control, including rigorous cost management, operational improvements, working capital discipline, reduced SG&A expenditure and tight capital allocation, the business strengthened cash generation. Sibelco has now firmly embedded the Build 2030 strategy across the organisation and remains focused on delivering sustainable growth and long-term value creation.
Highlights
- Health and safety performance improved slightly vs H1 2025, with a Reportable Incident Rate (RIR) of 2.9
- Revenue reached EUR 1,088 million in H1 2026, down -4% organically (at constant scope and FX) versus H1 2025, mostly because of an unfavourable comparison with the strong HPQ PV market in Q1 2025
- EBITDA amounted to EUR 220 million with a margin of 20.2%, down -3.5% organically (at constant scope and FX)
- Structural cost savings initiative delivered EUR 14 million vs H1 2025, mostly coming from SG&A reduction. We remain focused on operational excellence and cost control, while advancing selective investments that are aligned with our Build 2030 priorities
- Adjusted Free Operating Cash Flow improved significantly to EUR -29 million in H1 2026, compared with EUR -121 million in H1 2025 due to operational improvements and tight financial discipline
- In July, Sibelco and Saint-Gobain announced their intention to separate the Jundu joint venture in Brazil
Commenting on the results, Sibelco CEO Hilmar Rode said:
"Our first-half performance demonstrates the resilience of Sibelco’s diversified portfolio and the strength of our business. While market conditions remained challenging in several sectors, including high purity quartz for solar PV, we continued to execute with discipline, protecting profitability and improving cash flow. We are encouraged by the progress we have made across all areas within our control as our Build 2030 strategy continues to shape the way we operate, helping us build a more efficient, resilient business with a clear focus on long-term value creation.”
Hilmar Rode
CEO
