• REC Silicon posted Q1 2026 revenue of USD 19.5 million, down 8.88% year over year, while EBITDA loss narrowed to USD 3.8 million from USD 4.9 million.
• Operating loss was USD 7.1 million, compared with USD 7.3 million a year earlier, while loss from total operations narrowed to USD 15 million from USD 24.9 million.
• Cash and cash equivalents fell to USD 5.2 million as of March 31, 2026, down USD 2.1 million during the quarter, as net cash used in operating activities totaled USD 10.3 million.
• During the quarter, REC Silicon secured a USD 10 million short-term loan from Anchor AS, while extending USD 220 million of debt facilities maturing in Q1 2027, including a USD 110 million loan with Hanwha International LLC.
• Management said market conditions should remain challenging through first half 2026, with a gradual improvement expected in the second half on increasing utilization at new semiconductor and solar manufacturing facilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. REC Silicon ASA published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.