Orion S.A. reported a challenging third quarter in 2025, with adjusted EBITDA of $58 million, significantly impacted by weak demand in its Rubber and Specialty segments, primarily due to lower tire production and heightened competition from imports.

• Adjusted EBITDA slightly exceeded preannounced figures but remained well below expectations due to reduced demand in key Western markets.
• A new CFO has been appointed to strengthen financial leadership, set to start on December 1, 2025.
• Soft demand in the Rubber segment is exacerbated by elevated tire imports and surplus inventories, with U.S. tire production down approximately 29%.
• Orion is strategically focusing on improving structural costs and cash flow to adapt to the prevailing market headwinds.
• Developments in the Specialty segment involve successful qualifications for new conductive carbon products, addressing strong demand in energy storage and data center applications.