REC Silicon - Fourth Quarter 2025 Results

12 Feb 2026 06:30 CET

Oslo, Norway - February 12, 2026: REC Silicon ASA (REC Silicon or the Company)
reported fourth quarter 2025 revenues from continuing operations of USD 20.1
million compared to USD 16.9 million in the third quarter of 2025. The Company
also reported an EBITDA loss from continuing operations of USD 3.7 million
compared to a loss of USD 7.2 million in the prior quarter.

EBITDA from the Butte segment was USD 1.6 million for the fourth quarter of
2025 compared to USD 0.1 million for the third quarter of 2025. Silicon gas
sales volumes for the fourth quarter totaled 540 MT compared to 524 MT during
the third quarter of 2025. Revenues increased by 19.3 percent and the sales
price of silicon gas increased by 17.6 percent during the fourth quarter due
primarily to product mix compared to the third quarter.

REC Silicon reported cash balances of USD 7.3 million on December 31, 2025,
compared to USD 10.0 million on September 30, 2025. In the fourth quarter, net
cash inflows from financing activities totaled USD 17.0 million primarily from
new loans amounting to USD 20.0 million.

"REC Silicon appreciates the continued support of the Company's largest
shareholder Anchor AS, as shown by its willingness to fully underwrite the
rights issue that was announced earlier this week. This fully underwritten
rights issue comes at a critical point to help stabilize the liquidity
position of the Company by reducing some debt and bolstering available cash
for operations during the transition to a silicon gases-focused company.
Operationally, we continue our focus on cost optimization and revenue
improvement" said Kurt Levens, CEO of REC Silicon.

For more information, please see the attached fourth quarter 2025 report and
presentation.

The Company will host a digital presentation of the results today at 8:00 a.m.
CET. The presentation can be accessed at www.recsilicon.com or with the
following link: https://qcnl.tv/p/6lrFj_f7uOoCJEbznMwzvA

Following the presentation, it will be opened for questions from the audience.
Webcast participants need to register to post questions.

The presentation and the following Q&A session will be in English.

Contacts
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Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@recsilicon.com

About REC Silicon
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REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity silicon gases to the solar and electronics industries worldwide.
We combine over 40 years of experience and proprietary technology with the
needs of our customers. Listed on the Oslo Stock Exchange (ticker: RECSI), the
Company is headquartered in Lysaker, Norway.

For more information, go to: www.recsilicon.com

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-02-12 06:30 CET.

More information:
Access the news on Oslo Bors NewsWeb site

665470_REC Silicon - Fourth Quarter 2025 Results.pdf
665470_REC Silicon Q4 2025 Report.pdf
665470_REC Silicon Q4 2025 Presentation.pdf