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SIBELCO 2026 HALF YEAR RESULTS RESULTS RELEASE 28 August 2026 Sibelco delivers resilient first - half results Sibelco delivered a robust performance in the first half of 2026 , demonstrating the strength of its diversified mineral portfolio and disciplined execution amid a complex geopolitical and macroeconomic environment . Despite continued market uncertainty , subdued demand in certain segments and increased energy and transportation costs , revenue and EBITDA remained resilient and in line with expectations . By focusing on the areas within its control , including rigorous cost management , operational improvements , working capital discipline , reduced SG & A expenditure and tight capital allocation , the business strengthened cash generation . Sibelco has now firmly embedded the Build 2030 strategy across the organisation and remains focused on delivering sustainable growth and long - term value creation . ( EUR Million ) H1 2024 Revenue 1,078 H1 2025 1,153 H1 2026 Var '26 vc '25 1,088 -6 % EBITDA 277 233 220 -5 % FOCF ( 8 ) ( 171 ) ( 57 ) 67 % Adjusted FOCF * 97 ( 121 ) ( 29 ) 76 % ROCE 14.4 % 8.6 % 9.7 % 13 % Adjusted ROCE ** 15.9 % 10.6 % 10.0 % -6 % * Adjusted Free operating cash flow ( FOCF ) : excludes the impact of customer prepayments ** Adjusted ROCE : Recurring EBIT / Avg Capital Employed Highlights • • • • • Health and safety performance improved slightly vs H1 2025 , with a Reportable Incident Rate ( RIR ) of 2.9 Revenue reached EUR 1,088 million in H1 2026 , down -4 % organically ( at constant scope and FX ) versus H1 2025 , mostly because of an unfavourable comparison with the strong HPQ PV market in Q1 2025 EBITDA amounted to EUR 220 million with a margin of 20.2 % , down -3.5 % organically ( at constant scope and FX ) Structural cost savings initiative delivered EUR 14 million vs H1 2025 , mostly coming from SG & A reduction . We remain focused on operational excellence and cost control , while advancing selective investments that are aligned with our Build 2030 priorities Adjusted Free Operating Cash Flow improved significantly to EUR -29 million in H1 2026 , compared with EUR -121 million in H1 2025 due to operational improvements and tight financial discipline In July , Sibelco and Saint - Gobain announced their intention to separate the Jundu joint venture in Brazil 1 SIBELCO 2026 HALF YEAR RESULTS , 28 AUGUST 2026