GrafTech International Ltd. today announced its unaudited financial results for the second quarter and six months ended June 30, 2025. Net sales for Q2 2025 were $132 million, a 4% decrease compared to $137 million in Q2 2024. The company reported a net loss of $(87) million, or $(0.34) per share, which included a $43 million non-cash income tax expense related to a valuation allowance against deferred tax assets.
Adjusted EBITDA for the second quarter of 2025 was $3 million, marking the first positive adjusted EBITDA since Q2 2024, compared to $14 million in Q2 2024. Sales volume increased by 12% year-over-year to 28.6 thousand metric tons. Cash costs on a per metric ton basis decreased by 13% year-over-year, reflecting ongoing cost reduction initiatives.
GrafTech updated its 2025 guidance for cash cost of goods sold per metric ton, now expecting a 7-9% year-over-year decline, exceeding its previous mid-single digit forecast. The company continues to expect an approximate 10% year-over-year increase in sales volume for 2025 and anticipates second half 2025 adjusted EBITDA to be near breakeven. Liquidity stood at $367 million as of June 30, 2025, with substantially no debt maturities until December 2029.
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