local time, REC Silicon, a veteran Norwegian polysilicon company, released its performance report for the second quarter of 2025. In the
second quarter of this year, REC Silicon's revenue from continuing operations was $ 19.9 million (about 143 million yuan), down 7.01% from the previous quarter; Earnings before interest, tax, depreciation and amortization (EBITDA) were $ 4.9 million (
about 3517.REC). The turnaround in EBITDA was primarily due to a $ 13.1 million gain from a modification to a long-term lease agreement in Moses Lake. In the
first half of this year, REC Silicon's revenue from continuing operations was US $ 41.2 million (about RMB 296 million), down 47.38% from the same period last year; EBITDA was US $0.2 million; Total operating loss of US $ 31.8 million (approximately 2.
REC said this was mainly due to the withdrawal of polysilicon business and the decrease in revenue from silane gas. According to
the REC Silicon report, the company completed the clean-up of the polysilicon production line in March this year, and the cost of $10.2 million has been included in the discontinued operations in the first half of 2025.
It is worth noting that in the 2025 plan, REC Silicon revealed that it will launch a few solar cell projects (three by the end of the year).
Silicon, It has obtained a US $ 10 million loan from the Hanwha Global Americas. In the company's performance presentation, it also said that in the third quarter, it received a short-term loan of $ 13 million from the Hanwha International LLC, which was due on January 24, 2026. "Without the continued support of major shareholder Hanwha, REC Silicon will not be able to meet its debt repayment and working capital needs this year,
" REC Silicon reiterated.