Befesa's 2025 fiscal results to reveal growth in China and steel dust operations
Befesa is set to release its preliminary 2025 fiscal year results on February 26. The announcement comes as the company's stock shows volatility, trading at €32.92 after a 10% rise since January. Investors are watching for signs of continued growth, particularly in its Chinese expansion and core steel dust operations.
The company's recent performance has been strong. In Q3 2025, net profit surged nearly fourfold, driven by high zinc prices and full capacity utilisation. Analysts have taken note, with Berenberg raising its price target to €36 in January 2026. Dividend projections for 2026 also climbed to €0.68 per share.
Market attention now turns to the upcoming Q4 2025 results, due on February 27. Key areas under scrutiny include zinc smelting fees, hedging strategies, and production levels in the aluminum salt slag sector—an indicator of Europe's automotive supply chain health. Befesa's North American recycling plants, recently upgraded, will also be assessed for efficiency gains.
Despite positive momentum, the stock dipped slightly in late February, reflecting short-term caution. Technical indicators show an oversold position, with an RSI of 19.2. The full annual report, including Q1 2026 data, will follow on April 30, ahead of the annual general meeting on June 16.
Befesa's market capitalisation stands at €1.32 billion, with shares trading between €31.62 and €33.14 in recent weeks. The upcoming results will reveal whether its growth in China and operational strength can sustain investor confidence. Analysts and shareholders alike are awaiting clarity on production, profitability, and dividend plans.
