Befesa's H1 2025 Financial Performance: Doubling Net Profit and Growth Outlook

Befesa S.A., a key player in hazardous waste recycling, reported a strong H1 2025 with net profit doubling to €40 million, reflecting a robust underlying performance. The adjusted EBITDA rose by 9% to €112 million despite a 3% fall in total revenue due to lower volumes from maintenance activities. Earnings per share also doubled, reaching €1.00.

The company has reduced its net leverage to 2.7x and maintains a positive 2025 EBITDA outlook of €240-€265 million. Key growth is expected from increased steel dust volumes and strengthened operations in H2, particularly in the US with the Palmerton plant ready for full operational capacity.

While Befesa anticipates strong steel dust growth, its outlook on aluminium markets remains cautious due to automotive industry challenges. Nevertheless, strategic projects in the US and Germany continue to promote long-term expansion.