REG-Afarak Group: Production report Q1 2026

Afarak SEAnnouncement

30/04/2026 08:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260430:nGNE7dPsJ1&default-theme=true


08:30 London, 10:30 Helsinki, 30 April 2026 - Afarak Group SE (“Afarak” or
“the Company”) (LSE: AFRK, NASDAQ: AFAGR)

Production report Q1 2026

Afarak Group production during the first quarter of 2026 was lower by 40.2%
when compared to same period of last year.

                                                                 
                            Q1/2026  Q1/2025  Change  FY 2025    
                                                                 
   Speciality Alloys    mt  22,531   26,961   -16.4%  105,432    
   Processing           mt  7,010    7,411    -5.4%   27,626     
   Mining               mt  15,521   19,550   -20.6%  77,806     
   South African mines  mt  24,304   51,413   -52.7%  173,451    
   Mining               mt  24,304   51,413   -52.7%  173,451    
                                                                 

Processing
* The processing volumes decreased by 5.4% during the first quarter of 2026
when compared to the first quarter of 2025. Production volumes were reduced
during the period as part of inventory management measures to optimise stock
levels.
Mining
* The South African mining activity dropped by 52.7% when compared to the same
period last year. Last year’s figures include the output of a mine which was
disposed of mid-2025.
 * The mining activity at the Turkish mines decreased by 20.6% over the same
period of 2025 due to a maintenance carried out.
Helsinki, April 30, 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
Main media

www.afarak.com