12:15 London, 14:15 Helsinki, 30 October 2026 – Afarak Group SE (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)
Production report Q3 2026
Afarak Group’s overall production for the first three quarters of 2026 has increased by 17.9% when compared to the same period in 2025. This growth was primarily driven by the South African mines, which are now operating steadily following extensive and continuous preparation work.
| Q3/2026 | Q3/2025 | Change | YTD 2026 | YTD 2025 | Change | FY 2025 | ||||
| Speciality Alloys | mt | 23,385 | 23,952 | -2.4% | 73,808 | 80,107 | -7.9% | 105,432 | ||
| Processing | mt | 3,233 | 6,039 | -46.5% | 16,996 | 21,966 | -22.6% | 27,626 | ||
| Mining | mt | 20,152 | 17,913 | 12.5% | 56,812 | 58,141 | -2.3% | 77,806 | ||
| South African mines | mt | 89,733 | 28,932 | 210.3% | 183,369 | 138,114 | 32.8% | 173,451 | ||
| Mining | mt | 89,733 | 28,932 | 210.3% | 183,369 | 138,114 | 32.8% | 173,451 | ||
Processing
- Processing volumes decreased by 46.5% in Q3 2026 compared to same quarter last year, driven by a strategic initiative to optimise inventory levels.
Mining
- The South African mining activity almost tripled (up 210.3%) YoY in Q3 2026. This surge heavily drove YTD production, resulting in a 32.8% increase over the same period last year.
- The Turkish mining operations maintained steady growth, with an increase of 12.5% in Q3 2026 when compared to Q3 2025.
Outlook for Q4 2026
Demand and Price Trends:
The demand for Cr Ore has recently regressed, due to oversupply in China. The substantial hike in freight cost and the falling market prices have a significant impact on the profit margins.
LC FeCR consumption and pricing is slowly picking up from a very low level in the European market. The US market is doing much better, due to a healthy demand from the aeronautical sector. High freight costs from India and China are currently discouraging large imports.
Challenges and Opportunities:
The strengthening of USD helps to improve the results, along with the effect of CBAM and the introduction of a mandatory product liability and recall insurance, for all the ferrochrome products.
Helsinki, 30 October 2026
AFARAK GROUP SE
Board of Directors
For additional information, please contact:
Afarak Group SE
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Financial reports and other investor information are available on the Company’s website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
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