Befesa Reports 9M 2026 Results and Updates Full-Year Guidance

Befesa reported 12% year-on-year growth in operating cash flow and earnings per share for the first nine months of 2026. It narrowed full-year adjusted EBITDA guidance to €260 million–€270 million, or €286 million–€296 million including a newly confirmed €26 million U.S. Critical Minerals grant under Section 45X. The company completed its Bernburg expansion in Germany, with ramp-up underway in the fourth quarter. S&P upgraded Befesa’s credit rating to BB+, citing operating performance and continued deleveraging.