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Company also reported an EBITDA loss from continuing operations of USD 3.8
million compared to an EBITDA loss of USD 3.7 million in the prior quarter.
EBITDA from the Butte segment was USD 2.2 million during the quarter compared
to USD 1.6 million in the previous quarter.
Silicon gas sales volumes for the quarter totaled 515 MT, down from 540 MT in
the previous quarter. Combined with a 0.3% decrease in sales price and lower
polysilicon volumes, Butte revenues decreased by 3.1% compared to the fourth
quarter of 2025.
REC Silicon reported cash balances of USD 5.2 million on March 31, 2026,
compared to USD 7.3 million on December 31, 2025. In the first quarter, net
cash inflows from financing activities totaled USD 8.4 million primarily from
USD 10.0 million in new loans.
Post quarter end, the company closed a rights issue raising gross proceeds of
NOK 972.6 million for the repayment of advance payments related to a long-term
offtake contract, repayment of existing debt facilities, in addition to
funding of general corporate purposes and operational expenses.
“REC Silicon is pleased that the rights issue is complete and is appreciative
of the support from shareholders especially the Company’s largest shareholder
Anchor AS, for its willingness to fully underwrite the completed rights
issue. With the proceeds, the Company will reduce some debt and have cash
available for operations during the transition to a silicon gases-focused
company. Operationally, we continue our focus on reducing costs while
simultaneously working opportunities to increase revenue” said Kurt Levens,
CEO of REC Silicon.
For more information, please see the attached first quarter 2026 report and
presentation.
The Company will host a digital presentation of the results today at 8:00 a.m.
CEST. The presentation can be accessed at www.recsilicon.com or with the
following link: REC Silicon Audiocast Q1 2026
Following the presentation, it will be opened for questions from the audience.
Webcast participants need to register to post questions.
The presentation and the following Q&A session will be in English.
Contacts
Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@recsilicon.com
About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity silicon gases to the solar and electronics industries worldwide.
We combine over 40 years of experience and proprietary technology with the
needs of our customers. Listed on the Oslo Stock Exchange (ticker: RECSI), the
Company is headquartered in Lysaker, Norway.
For more information, go to: www.recsilicon.com
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-05-07 06:30 CEST.
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