For the 2025 fiscal year, SGL Carbon’s consolidated revenue fell by 17.2% to €850.2 million (US$983.66 million) vs. €1,026.4 million (US$1,187.52 million) for 2024 due to the discontinuation of loss-making activities as part of the restructuring of the Carbon Fibers division and the continuing weakness in demand in the semiconductor market segment. All four divisions of the company recorded a decline in revenue: in addition to Carbon Fibers, this also applies to Graphite Solutions, Process Technology and Composite Solutions.

Despite this decline in revenue, SGL Carbon’s net financial debt for the 2025 fiscal year fell by 8.6% to €98.9 million (US$114.42 million) compared with the end of the previous year vs. 108.2 million (US$125.18 million) for 2024 and the company’s debt ratio remained stable at 0.7 as at 31 December 2025. Furthermore, SGL Carbon’s free cash flow remained virtually unchanged at €37.0 million ($US42.81 million) compared with 2024, when it stood at €38.7 million ($US44.77 million).

SGL Carbon does not expect demand to improve across its various market segments in 2026. The company anticipates consolidated revenue of between €720 million (US$833.02 million) and €770 million (US$890.87 million) for the 2026 fiscal year — vs. €850.2 million (US$983.66 million) for 2025 — and aims to generate positive free cash flow again, at the same level as the previous year, i.e. €37.0 million ($US42.81 million).

Growth prospects up to 2030

SGL Carbon’s strategy for 2030 involves developing and penetrating new growth areas. In particular, the company plans, firstly, to strengthen its presence in existing markets, for example in the semiconductor industry; secondly, to consolidate its position in new market segments with above-average growth potential by utilising existing materials and products; and, thirdly, to expand its product portfolio through innovations in existing and new materials. The company states that it is focusing on three growth areas: materials for energy production, in particular special graphites certified for small modular reactors (SMRs); composite materials for the defence and security sector, such as components for drones and military vehicles as well as protective equipment; and, finally, the aerospace industry, notably with SGL’s carbon fibre materials – SGL emphasises that, just like aviation, this sector also requires ‘heat- and pressure-resistant materials, for example for the construction of launch vehicles for transporting satellites or heat shields’. SGL also mentions the development of new material solutions tailored to its customers’ requirements, citing product areas such as coatings for the semiconductor industry and natural fibre fabrics for the automotive industry.

“Focusing on our existing portfolio, our robust balance sheet and financing structure, and the proven experience and expertise of our employees, we are well positioned for profitable organic and inorganic growth. Our long-term goal is to establish SGL Carbon as one of the leading suppliers of high-performance materials. Our ambition is to become a billion-dollar company again by 2030 with an attractive and profitable portfolio,” emphasises Andreas Klein, CEO of SGL Carbon.