Production report Q1 2026
Afarak Group reported a significant 40.2% decrease in overall production for Q1 2026 compared to the prior year, driven by a substantial 52.7% drop in South African mining output, partly due to the disposal of a mine in mid-2025. Speciality Alloys production also declined by 16.4%, with mining down 20.6% due to maintenance at Turkish mines, while processing volumes saw a smaller 5.4% reduction as part of inventory management efforts.
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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
Distribution:
NASDAQ Helsinki
London Stock Exchange
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