GrafTech International Ltd. today announced its unaudited financial results for the first quarter ended March 31, 2025. The company reported net sales of $112 million, an 18% decrease compared to $137 million in the first quarter of 2024. Net loss for the quarter was $(39) million, or $(0.15) per share, compared to a net loss of $(31) million, or $(0.12) per share, in the prior year.
Adjusted EBITDA was negative $(4) million in the first quarter of 2025, compared to $0.2 million in the first quarter of 2024. This decline primarily reflected lower weighted-average realized prices, partially offset by a 21% year-over-year reduction in cash costs on a per metric ton basis. Sales volume increased by 2% year-over-year to 24.7 thousand metric tons.
GrafTech continues to execute initiatives to expand sales volume and market share in key regions, with U.S. sales volume growing approximately 25% year-over-year. The company reiterated its expectation for a low double-digit percentage point year-over-year increase in sales volume for 2025 and a mid-single digit percentage point decline in cash cost of goods sold per metric ton. Liquidity stood at $421 million as of March 31, 2025.
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