Elkem Q2 FY26 EBITDA drops 19% to NOK 523 million; revenue falls 4% to NOK 3.71 billion

• Elkem posted Q2 2026 EBITDA of NOK 523 million, down 19% year-on-year, on lower silicon sales prices.
• Total operating income slipped 4% to NOK 3.71 billion.
• Completed a NOK 1.8 billion equity raise, refinanced EUR 1 billion in main bank facilities, and secured a NOK 750 million NIB loan.
• Net interest-bearing debt stood at NOK 6.59 billion, with cash of NOK 4.88 billion; equity ratio was 44%.
• Cost program targets annual savings above NOK 600 million, with workforce reduction nearing 400 FTEs; sees Q3 hit by seasonally lower activity in Silicon Products.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elkem ASA published the original content used to generate this news brief via Cision (Ref. ID: 20260709:BIT:7459:0) on July 10, 2026, and is solely responsible for the information contained therein.