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Siltronic (WAF) investor relations material
Siltronic Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales declined 4.7% year-over-year to €1,347 million, in line with guidance, with Q4 showing a strong sequential recovery due to delivery shifts and early 2026 demand.
EBITDA margin decreased to 23.5% from 25.8% in FY 2024, reflecting lower sales and pricing pressure, partially offset by cost reductions.
EBIT turned negative at -€26 million, impacted by new asset depreciation and adverse product mix.
Positive wafer volume growth, especially in 300 mm products, was offset by negative price, product mix, and FX effects.
Q4 2025 saw strong sales and EBITDA due to delivery shifts from Q3 and early 2026.
Financial highlights
Revenue for FY 2025 was €1,347 million, down from €1,413 million in FY 2024.
EBITDA was €317 million, a 13% decrease year-over-year, with margin at 23.5%.
EBIT margin dropped to -2.0% from 8.9% in the prior year.
Net cash flow improved to -€85 million from -€297 million in FY 2024, driven by lower capex and investment grants.
Net financial debt increased to €837 million from €733 million year-over-year.
Outlook and guidance
FY 2025 results were in line with guidance, supported by a strong Q4 performance.
2026 expected to remain challenging with price pressure outside LTAs and negative FX effects.
300 mm segment shows growth, but 200 mm segment faces continued inventory pressure.
Full impact of SD line closure to be reflected in 2026 sales.
2026 guidance will be published after further assessment of headwinds.
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