PCC SE is recording a partial depreciation on tangible fixed assets of its Icelandic subsidiary, PCC BakkiSilicon hf. The depreciation on the silicon metal production facility in Iceland amounts to \u20ac109.8 million. The write-down is non-cash in nature, and the company\u2019s liquidity position therefore remains unchanged. The depreciation is attributable to the fact that a specific date for resuming operations at the temporarily shut-down production facility has not yet been determined and depends primarily on the market prices that can be achieved for the product. <\/p>\n
Plant operations were temporarily suspended in July 2025 following a prolonged decline in silicon metal prices and due to market distortions caused by low-cost imports, particularly from China. Market data and forecasts predict a market recovery likely toward the end of 2026\/beginning of 2027. Under certain economic and regulatory conditions, PCC SE could consider restarting operations. <\/p>\n
The depreciation on the silicon metal plant is included in the audited consolidated financial statements of PCC as of December 31, 2025, which were issued an unqualified audit opinion by the auditor on May 6, 2026, and were approved today by the Supervisory Board of PCC SE. Compared to the financial figures for the 2025 fiscal year preliminarily reported in the Q4 2025 quarterly report, the extraordinary write-down on the silicon metal plant has now resulted in a significantly higher loss in EBIT (earnings before interest and taxes), EBT (earnings before taxes), and consolidated net income, as well as lower consolidated equity. According to the approved consolidated financial statements as of December 31, 2025, EBIT amounts to -118 million euros (preliminary figure: -5 million euros), EBT stands at -187 million euros (preliminary figure: -74 million euros), and consolidated net income at -199 million euros. Consolidated equity now amounts to 129 million euros, and the equity ratio stands at 8.9 percent. The Group\u2019s liquidity position and the overall economic situation are not affected by this depreciation. <\/p>\n
Overall, following a rather subdued start to the new fiscal year 2026, the PCC Group has seen a significant upward trend in its core activities since the beginning of March. This positive business development is based on higher plant utilization rates and a consistently high order backlog in the PCC Group\u2019s chemical segments since the outbreak of the Iran war. As a European chemical producer, PCC also ensures a high level of supply stability for its customers in Europe and the U.S. So far, increases in raw material prices have largely been passed on to sales prices. There are currently no supply bottlenecks for our own raw materials. <\/p>\n
We will publish the 2025 Annual Report, including the audited PCC consolidated financial statements and the audited individual financial statements of PCC SE in accordance with IFRS, on our website https:\/\/www.pcc.eu on May 19, 2026. The publication of the Q1 2026 quarterly report will follow on May 21, 2026. You can already view the financial figures for the PCC Group and PCC SE, based on the final consolidated financial statements for 2025, in the tables published here<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":" Non-cash one-time effect reduces the audited consolidated net income compared to preliminary figures.<\/p>\n","protected":false},"featured_media":16683,"template":"","class_list":["post-16697","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/pcc.eu\/en\/wp-json\/wp\/v2\/news\/16697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pcc.eu\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/pcc.eu\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pcc.eu\/en\/wp-json\/wp\/v2\/media\/16683"}],"wp:attachment":[{"href":"https:\/\/pcc.eu\/en\/wp-json\/wp\/v2\/media?parent=16697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}