REG-AFARAK GROUP: PRODUCTION REPORT Q1 2025

Afarak SEAnnouncement

14/05/2025 10:15

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10:00 London, 12:00 Helsinki, May 14, 2025 - Afarak Group SE (“Afarak” or
“the Company”) (LSE: AFRK, NASDAQ: AFAGR)

Production report Q1 2025

Afarak Group production during the first quarter of 2025 was higher by 15.2%
when compared to same period of last year.

                                                                 
                            Q1/2025  Q1/2024  Change  FY 2024    
                                                                 
   Speciality Alloys    mt  26,961   23,411   15.2%   87,908     
   Processing           mt  7,411    6,901    7.4%    22,963     
   Mining               mt  19,550   16,510   18.4%   64,945     
   South African mines  mt  51,413   70,278   -26.8%  300,985    
   Mining               mt  51,413   70,278   -26.8%  300,985    
                                                                 

Processing
* The processing volumes increased by 7.4% during the first quarter of 2025
when compared to the first quarter of 2024.
Mining
* The South African mining activity dropped by 26.8% when compared to same
period of last year. This led to a decrease in the overall group’s mining
activity during the first quarter. This year, South Africa experienced much
more rain than usual. Because of the heavy rainfall, all the mines in the area
faced difficulties, and there have been numerous occasions that the plant did
not get feed to run and had to put through sub optimal feed materials.
* The mining activity at the Turkish mines increased significantly by 18.4%
over the same period of 2024. The increased mining to support the processing
plant in Germany and to take advantage of improved Chrome Ore prices through
additional sales.
Helsinki, May 14, 2025

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

Attachment
*     Afarak_Production report_2025_Q1_EN
(https://ml-eu.globenewswire.com/Resource/Download/fe42d4b0-7328-47f5-96d3-021ecd176b47)