Umicore

SHERIDAN, WYOMING - April 14, 2026 - Umicore's first-half 2025 financial results show a materially stronger earnings profile than the prior year, with adjusted EBITDA rising 10% to €433 million and adjusted EBIT climbing 25% to €302 million on revenues of €1.8 billion. The performance was driven by sustained demand across foundation businesses, operational efficiency gains, and a supportive precious and specialty metals price environment. The results mark the first reporting period under Umicore's restructured CORE strategy, which prioritizes cash generation from established units while managing the value recovery of Battery Cathode Materials.

SHERIDAN, WYOMING - April 14, 2026 - Umicore's Olen site in Belgium is approaching a pivotal regulatory decision point as the Belgian federal government prepares to rule on a permanent disposal policy for a portion of the site's historical radioactive materials. The national waste agency NIRAS/ONDRAF submitted an updated proposal to the federal government in September 2025, following a mandatory public consultation that ran from 2 December 2024 to 2 March 2025. The materials in question - low-radioactivity, long-lived radium-containing waste - originate from radium and uranium production that operated at the site from 1922 until the late 1970s. Regulatory agencies and Umicore have confirmed that existing storage arrangements pose no current risk to human health or the surrounding environment.

SHERIDAN, WYOMING - April 13, 2026 - Umicore reported full-year 2025 results showing adjusted EBITDA of €847 million, a 24.0% margin, and adjusted EBIT of €579 million - a 21% year-on-year increase - as its CORE strategy, launched in March 2025, drove measurable earnings recovery across foundation businesses including Catalysis, Recycling, and Specialty Materials. Group revenues reached €3.6 billion, up 3% versus 2024, while free operating cash flow hit €524 million and net debt closed the year at €1.4 billion, representing a 1.60x LTM EBITDA ratio. The results confirm that capital discipline and structural cost measures more than offset foreign exchange headwinds and inflation pressure. Battery Cathode Materials reached adjusted EBITDA break-even, a meaningful recovery milestone in a segment still navigating EV industry slowdown.

SHERIDAN, WYOMING - April 13, 2026 - Umicore has restructured its capital deployment strategy through 2028, cutting planned capital expenditure by €1.4 billion versus its previous plan while targeting adjusted EBITDA of €1.0-1.2 billion and a cumulative free cash flow of €1.0-1.2 billion by 2028. The pivot places strict cost discipline at the center of the group's recovery strategy, with Battery Cathode Materials redesigned as a standalone value-recovery operation and the three foundation businesses-Catalysis, Recycling, and Specialty Materials-repositioned as the primary cash engines. The recalibration follows a formal Battery Materials strategy review presented by CEO Bart Sap and the Executive Leadership Team at Umicore's Capital Markets Day.

SHERIDAN, WYOMING - April 13, 2026 - Umicore operates one of the most formalized cobalt responsible sourcing programs in the materials sector, built on a four-step due diligence process that traces every lot of cobalt raw material to the mine level - a standard the company established as an industry first in 2004 when it became the first company globally to exclude artisanal and small-scale mining (ASM) cobalt entirely from its supply chain. With more than 65% of global annual cobalt supply originating from the Democratic Republic of Congo (DRC) and 15-20% of Congolese cobalt produced by ASM operations, Umicore's framework addresses persistent risks - child labor, human rights abuses, and unsafe working conditions - that remain structurally embedded in the cobalt supply chain.

SHERIDAN, WYOMING - April 13, 2026 - Umicore, the Brussels-listed materials technology and recycling group, maintains structured provisions and ongoing remediation programs to address legacy pollution inherited from predecessor mining and smelting companies Union Minière and Vieille-Montagne, whose combined operating history spans more than 125 years. The company frames this environmental liability as a core governance responsibility, allocating dedicated financial reserves annually audited under applicable accounting standards. Remediation scope and timelines are complex, and Umicore acknowledges the work ahead remains substantial. The approach carries direct implications for investors, regulators, and communities adjacent to legacy industrial sites.

SHERIDAN, WYOMING - April 13, 2026 - Umicore's Hoboken refinery in Belgium has completed a multi-decade environmental and operational transformation that repositioned one of the world's largest metal recycling facilities from a source of community health concern to a benchmark for sustainable industrial co-existence. With origins dating to 1887, the site now processes several hundred thousand tons of materials annually, extracting more than 20 metals through closed-loop processes that directly address global raw material scarcity - a strategic pivot with measurable consequences for battery supply chains, urban mining economics, and industrial permitting models across Europe.