GRAFTECH INTERNATIONAL LTD
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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Consolidated Statements of Operations and Comprehensive (Loss) Income
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Dollars in thousands, except per share data)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| STATEMENTS OF OPERATIONS | |||
| Net sales | $504,134 | $538,782 | $620,500 |
| Cost of goods sold | 501,496 | 533,757 | 571,857 |
| Lower of cost or market inventory valuation adjustment | 18,315 | 24,878 | 12,431 |
| Gross (loss) profit | (15,677) | (19,853) | 36,212 |
| Research and development | 6,475 | 5,706 | 5,520 |
| Selling and administrative expenses | 54,914 | 46,510 | 74,012 |
| Rationalization expenses | — | 3,156 | — |
| Goodwill impairment charges | — | — | 171,117 |
| Operating loss | (77,066) | (75,225) | (214,437) |
| Other (income) expense, net | (4,049) | (1,569) | 4,679 |
| Interest expense | 104,057 | 85,313 | 58,087 |
| Interest income | (6,632) | (5,701) | (3,439) |
| Loss before income taxes | (170,442) | (153,268) | (273,764) |
| Income tax expense (benefit) | 49,393 | (22,103) | (18,514) |
| Net loss | $(219,835) | $(131,165) | $(255,250) |
| Basic loss per common share: | |||
| Net loss per share(1) | $(8.45) | $(5.09) | $(9.93) |
| Weighted average common shares outstanding(1) | 26,004,964 | 25,766,825 | 25,710,929 |
| Diluted loss per common share: | |||
| Net loss per share(1) | $(8.45) | $(5.09) | $(9.93) |
| Weighted average common shares outstanding(1) | 26,004,964 | 25,766,825 | 25,710,929 |
| STATEMENTS OF COMPREHENSIVE LOSS | |||
| Net loss | $(219,835) | $(131,165) | $(255,250) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments, net of tax of $0, $29 and $(8), respectively | 34,577 | (24,385) | 10,166 |
| Commodities, interest rate and foreign currency derivatives, net of tax of $28, $2,111 and $4,424, respectively | (190) | (7,516) | (13,554) |
| Other comprehensive income (loss), net of tax: | 34,387 | (31,901) | (3,388) |
| Comprehensive loss | $(185,448) | $(163,066) | $(258,638) |
(1) All share and per share data for all periods presented reflect the 1-for-10 reverse stock split, which became effective on August 29, 2025. See Note 1, “Business and Summary of Significant Accounting Policies” for further information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.